Al-Rasheed Bank announced, on Wednesday, the launch of the deposit and transfer service on electronic cards.
A statement of the bank, seen by “Economy News”, said that “in line with the directives of the government and in implementation of the government program, Al-Rasheed Bank announces the launch of the electronic payment card deposit and transfer service from (Nakheel).”
He added that “all Al-Rasheed Bank card holders from the bank’s employees, state departments, security forces and retirees can make deposits and withdrawals in the electronic card,” specifying “a number of its branches to receive all those wishing to deposit.”
Vietnam is showing trading statistics that indicate a self-sustaining economy that is growing, and even has, greater potential going forward. At this point, Vietnam is showing momentum. When a country starts to show a trade surplus, it indicates that a demand for a country's goods and currency is in higher demand. Thus, creating the need for an increase in a country's currency value.
Article quote: “Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in... The capital, Abu Dhabi,” Iraq is currently participating in the World Trade Organization.
Their potential membership is moving forward. As a full member of the WTO, they will need a rate to fully participate in this inclusion.
This is truly a monumental achievement for Iraq and something the world has been waiting for for a long time. ...There are high expectations that full acceptance into the WTO for Iraq will happen during this meeting taking place...
Parliament Agrees With The European Union To Open Various Factories In Iraq
Reconstruction and building Economy News – Baghdad Today, Tuesday, the Parliamentary Investment and Development Committee announced its agreement with the European Union Ambassador Thomas Seiler to introduce European companies to the market and open various factories, while the ambassador confirmed that the Reconstruction and Development Bank will soon work in Iraq.
The head of the committee, Hassan Al-Khafaji, said in a press conference held in the House of Representatives with the participation of the European Union ambassador, that “the committee hosted the European Union ambassador to discuss a number of files related to new legislation,” noting that “it was agreed to cooperate and work together to combat corruption, introduce European companies into the Iraqi local market, and exchange experiences.”
"Economic and commercial, opening new European factories in Iraq and refining the capabilities of Iraqi competencies in various fields."
He continued: “We asked the European side to open a permanent office and headquarters inside Iraq, since it has no headquarters except inside the British Embassy,” explaining, “We asked to open banking branches in Iraq that finance industrial and investment projects while providing full support from the government and the House of Representatives in the fields of reconstruction and investment.” And loans.”
He stated, “There are currently joint projects in Baghdad, Babylon, and Holy Karbala, where the European Union is interested in infrastructure,” pointing out, “We have requested funding for many projects, especially with Iraq’s accession to the International Arbitration Organization and the vote on the partnership law between the private and public sectors, which allows companies "For foreigners to enter and work in Iraq and participate with the private sector for reconstruction and building a new Iraq."
He stressed that "it was agreed on unified action to bring in solid companies similar to companies operating in the Middle East and international companies that contributed to building Iraq's factories during the eighties and seventies."
For his part, the European Union Ambassador to Iraq, Thomas Seiler, said during the conference: “We held a meeting with the Parliamentary Investment and Development Committee in our capacity as the European Union delegation, as one of the outcomes we came up with is that the European Union must make more efforts for European companies to invest in Iraq, and we must “Work together to provide the conditions that enable Europe to invest more in Iraq,” explaining that “the legislative necessities were discussed in order to achieve economic stability in Iraq as well as investment stability, and these are steps that must be taken by Parliament.”
He stated that "there are many laws that support this aspect, including the investment law, the partnership law between the public sector and the private sector, and other laws," explaining that "this is part of the government's approach to combat corruption and support investment and the economy."
He stated: “Today we discussed many issues and many details, and this is part of Europe’s interest in the stability of Iraq, as we see that Iraq can play an important central role in the region politically and economically,” pointing to “the necessity of developing the European Union’s investment programs, especially the financial and banking institutions, which are the Bank.”
The European Union for Reconstruction and Development, which we expect will soon come to work in Iraq, as well as the European Investment Bank, which is concerned with providing loans and expertise to support infrastructure projects, but we have committed ourselves to working in this aspect for the benefit of the Iraqi citizen, and we will cooperate with local authorities to achieve this.”
Back in 2005 Dr Shabibi said 'We aspire to bring the IQD back to the glory days of the 80's and 90's' Article: "The dinar and its three zeros - is it time to symak the dinar and return to the dinar 1980?" Dr. Shabibi, it's done.
Article: "Does deleting the currency’s zeros affect its value? An economist explains"
THE CBI IS SENDING TRUSTED ECONOMISTS TO EXPLAIN THE MONETARY REFORM EDUCATION OF DELETING THE ZEROS FROM THE EXCHANGE RATE! IMO they're about to give the citizens a new exchange rate with new lower notes to match...They already told them that process will then take that exchange rate, which will be at least 1 to 1 but I think is going to be higher, to float in the basket internationally.
Article: "The dinar and its three zeros - is it time to symak the dinar and return to the dinar 1980" IMO [symak means make]
What's so big about 1980?
So you want to return the dinar to the 1980's? By 1971, '72, '73, the Iraqi dinar on the international market was $3.778. Then...it was reduced on purpose to $3.2169 in 1980.
Iraq is one step ahead of us. The Iraqi citizens...are already taking their 3-zero notes and taking them to the bank and opening accounts because they know the monetary reform has educated them...All of a sudden bank accounts just exploded in Iraqi banks...
The Reality Of Imposing New US Sanctions On Private Iraqi Banks
Economy News – Baghdad An informed source denied reports of new sanctions being imposed on some private banks.
The source, who preferred to remain anonymous, told Al-Eqtisad News that there is no truth to the reports that the US Treasury has recently imposed sanctions on some private banks.
He stressed that a number of banks were prohibited from dealing in the dollar currency, which the Central Bank announced months ago. 225 views 02/27/2024 - https://economy-news.net/content.php?id=40908