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The Minister of Finance stresses the move towards digital transformation and the use of electronic systems, 5 MARCH

The Minister of Finance stresses the move towards digital transformation and the use of electronic systems

Economy News – Baghdad

Finance Minister Taif Sami confirmed on Monday the trend towards automation, digital transformation and the use of modern electronic systems.

The Ministry of Finance said in a statement, seen by “Economy News”, that “the Ministry’s opinion body held, today, its periodic meeting under the chairmanship of Minister of Finance, Taif Sami Mohammed, to discuss a number of listed topics and make the necessary recommendations on them, in the presence of a number of general managers of departments, banks and bodies affiliated to the ministry.”

She added that “the meeting discussed reviewing the recommendations of the committees formed in the meetings of the Opinion Commission for previous sessions, stages of progress and achievement rates, listening to the total of the proposed amendments in a way that allows the possibility of developing the ministry’s performance and adapting it to the requirements of modern financial management and what is witnessing the financial and business sector at the present time,” pointing out that “the meeting dealt with the emphasis on continuing efforts and possibilities for implementing the recommendations of the Council of Ministers within the framework of the government program to develop financial and banking performance, and moving towards automation, digital transformation and the use of modern electronic systems to ensure the advancement of the reality of work to provide the best services to citizens.”

https://economy-news.net/content.php?id=41111

"RV UPDATE" BY ARIEL, 5 MARCH

 Fri. 8 Dec. 2023 RV Update Ariel:

• Michael J. Ruben oversees all of Columbia’s GCR implementation and is based in the US from the New York office. Salvage told me that “The GO” comes from this office, from a bank in New York.
• Michael Ruben has been in contact with Mauricio Castaño in Columbia and has given the gentleman THE LONG EXPECTED GREEN LIGHT to pay all 28 Paymasters in Columbia, which will result in them receiving FULL LIQUIDITY; In other words, MONEY TO SPEND to those in their groups, whom they are responsible for funding.
• On Wed. 6 Dec. the end of the fiat USD happened when President Putin met with Saudi Arabia UAE .
• European, Ukraine, Russia, China and US Currency will go down in value, which will help emerging markets like Iraq reinstate their currency so they can trade with 1:1 parity with 1st world economics.
• Vladimir Putin took the Russian chief of the Central Bank documents that were signed in behalf of all Opec nations that had to do with a currency peg. 
• The US Treasury, Federal Reserve, SOFT Bank, Japan Bank, China Bank, US Banks will all go to zero value between 15 Dec. and 15 Jan. This is the panic window where everything goes into implosion mode. The fiat US Dollar will not be used after 1 Jan. 2024.
• The US was functioning on fiat dollar derivatives, or mortgage backed securities and could not pay off the one hundred trillion plus dollars due on Fri. 15 Dec. 
• That’s why the bankers on Capitol Hill were crying about Basel 3 – they know they are sitting on debt that they can’t pay off so they can’t implement Basel 3 or ISO 20022 to be able to join the new gold-backed financial system. The banks were about to go extinct December 09, 2023
• https://dinarchronicles.com/2024/03/04/restored-republic-via-a-gcr-update-as-of-march-4-2024/

"RV UPDATE" BY MILITIAMAN, 5 MARCH

  Militia Man 

 The Central Bank of Iraq just told Iraq that you guys can use dinar to buy multi-currencies.  To do what?  Clearing and settlement in the system with accurate and facial data.  Those two things right here are solidifying that there's something happening...

 They're holding this 2023, 24, 25 budget close to the chest.  Why?  Because they need to wait for that special moment in time...  

Iraq has the attention of the world when it comes to ascension [into the WTO].  We have more than...the WTO, We have the World Bank...the ITC...Saudi Arabia....Armenia, the International Foundation for Corporations...What do they need with that?  They need freedom of capital movement.  That's article VIII compliance...What a time to be an investor in the Iraqi dinar...

 Iraq is going to have a lot of inflows.  They're going to need to make things stable... To be able to defend their currency they're going to need to keep pricing stable...All these guys, the World Trade Organization all know that. 

 How are you going to finance one of the biggest world projects at 1310 when your valuation of your country is far greater than any other country in the region per kilometer? ...What value are they going to use to value the operational side of of the budget for 2023 and investment side for 2023?  ...If they haven't gone to a private sector at 1310 obviously there's an circumstance that suggests they're not going to into a private sector at 1310...

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-militiaman-2-march.html

Iraqi Dinar🔥Iraqi Dinar On Forex With Circulated Rate $1 Today 2024🔥iraq...

"RV UPDATE" BY FRANK26, 5 MARCH

 Frank26 

   Willie Wonka...you get that golden ticket.  I think we got a golden ticket here.   I'm not too sure because it looks like something is going on.

Article:  "Iraq.. Expectations of a decline in the dollar difference and a return to the official rate"  Something is going on...  Quote:  " The economic expert, Safwan Qusay, expected today, Saturday, a decline in the dollar difference in Iraq and a return to the official rate after a series of financial and economic measures taken by the government of Muhammad Shiaa Al-Sudani."  That's a beautiful article.  There's immense power behind that article.

Including Facilitating Legitimate Trade.. Customs Explains The Advantages Of Implementing The Electronic System, 5 MARCH

 Including Facilitating Legitimate Trade.. Customs Explains The Advantages Of Implementing The Electronic System

 local   Basra - IA - Saad Al-Sammak   Today, Sunday, Director General of the General Authority of Customs, Hassan Al-Ugaili, explained the advantages of implementing the electronic system in the country, while defining the duties of the Authority in three main axes.

 Al-Ugaili said in his speech during the inauguration of customs automation at the Umm Qasr port, followed by the Iraqi News Agency (INA):

 “The efforts of the General Authority of Customs, which were made over several years and with direct support by the Minister of Finance and direct follow-up from the Prime Minister, culminated this day in the electronic system that  We hope that it will cover all the activities of the General Authority of Customs and customs activity.” Al-Ugaili added,

  “The General Authority of Customs is committed to carrying out its duties, which focus on three main axes, the   first of which is facilitating legitimate trade, as the current government has issued a set of decisions that help facilitate legitimate trade, and the  General Authority of Customs is responsible for implementing those decisions, including:

      canceling tax deposits that were collected.” At border crossings, which were obstructing or delaying the completion of customs transactions, as well as

     canceling the import license for most imported materials, and

     reducing duties on some imported materials.” He continued,

"The General Authority of Customs has begun reviewing many procedures and moving towards simplifying procedures.

Today, the electronic system is one of the tools of the General Authority of Customs to facilitate legitimate trade.

 According to the system, transactions are supposed to be completed in a faster manner and with unified customs procedures, meaning that there will be no discrepancy in procedures between one center and another."

Pointing out that, “Under the system, the discretionary power of the employee will be greatly limited and thus the system will be dealt with, as there will be no role for people’s moods in completing these transactions.”

 He explained that   “the other axis that the General Authority of Customs is working on is protecting or implementing the state’s decisions in the field of restriction and prevention, and  this protects the consumer and society from the entry of prohibited materials,” noting that  “the third axis of the Authority is revenues or collection, as  the system will collect according to Electronic mechanisms that are clear, transparent and announced at the same time, meaning that  they provide real-time data to the decision maker at the level of the Ministry of Finance or at the government level that the revenues received by this body are in the amount and at the moment when the information is requested.” He pointed out that

"the system offers great advantages that we will feel by implementing it, as well as the dealing agents of customs clearance companies and the extent of the benefit achieved from this system in their work, as they can complete customs clearance procedures online."   https://www/ina.iq/204286--.html