Gold Silver and Crypto update for 03/07/24 - Don't believe the hype BY PIMPY

Iraq's CMC explores digital strategies with World Bank delegation at 2024 summit, 9 MARCH

Iraq's CMC explores digital strategies with World Bank delegation at 2024 summit

Shafaq News/ The Iraqi Communications & Media Commission's (CMC) head, Ali al-Muayid, discussed Iraq's communication strategy and information technology with a delegation from the World Bank during the 2024 Global Digital Summit in Washington.

A CMC statement said that the meeting, held on the Summit's sidelines, delved into Iraq's endeavors to expedite digital transformation across various government sectors and Iraq's digital strategy, focusing on infrastructure development and enacting laws conducive to digital transformation.

Key attendees included Michel Rogy, the World Bank's Digital Development Practice Manager for Africa and the Middle East, and digital development experts Abdullah Jbour and Issam Khayyat.

The World Bank Group said the Summit, held between March 4-7, aims "to bring together government officials, private sector, partner organizations and thought leaders to explore these opportunities and risks, around the shared goal of Accelerating Digital for Development. The Summit will showcase cutting-edge thinking, technology, and practical insights on a wide range of digital topics, focusing on three pillars of how digitalization can Connect, Innovate, and Transform."

https://shafaq.com/en/Iraq/Iraq-s-CMC-explores-digital-strategies-with-World-Bank-delegation-at-2024-summit

"WHY ASSET AND LIABILITY MANAGEMENT SHOULD BE THE NERVE CENTER OF MODERN BANKS" BY GOLDILOCKS, 9 MARCH

 GOLDILOCKS

"WHY ASSET AND LIABILITY MANAGEMENT SHOULD BE THE NERVE CENTER OF MODERN BANKS"

Current restrictions in credit is beginning to affect Banking liquidity opportunities that creates even less money to the banking system.

Many small Banks are vacant and creating more and more stress on the commercial real estate market. Banks are consolidating, and some are going out of business.

As Banks transition from a client-centered operation to a trading centered operation, it will be a profitable movement of the new digital economy that will bring in more liquidity going forward.

Asset and liability management are quickly becoming the new roles of the banking system.

Asset Management is the acquiring, trading, and maintaining of assets inside a Bank that has potential growth.

Yes, the new digital economy is digitally based and maintained in and through the banking system. Clients will be seen as investors holding assets of potential growth such as digital assets backed by gold and other commodities.

These assets will grow over time and be encouraged to solidify their growth potential through portfolios run by AI and other means.

The world of banking, and the lifestyle shift of our new GLOBAL ECONOMY is and will change the way we live.    International Banker

© Goldilocks

"RV UPDATE" BY BRUCE, 9 MARCH

  Bruce  

 [via WiserNow]   One of our Iraqi sources called -  and I got this information...

that Iraq was said that they were going to try to get this out to us. – meaning  get the RV out over the weekend...we fully expect this to manifest over the weekend...I think that is very possible and...we do know that rates are going up on the screens...we know that these currencies are being traded on forex, we know that everything's pretty much running right along.

..We know that the dinar and the other currencies have been coming in on the forex and trading upward...

the bank screens reflect that. They reflect the fact that the currencies are trading up and still blinking -  on the screen, which means they're not set. They're not stable, but they're continually moving upward in value. And they're blinking. So...What are we waiting on? I think they're just waiting for the currencies to hit the values that they want them to hit before we get started. And it would appear that they are moving in that direction ...So I'm excited about where we are...And I really think that we're in really good shape right now...

Iraqi Dinar | IQD And VND RV Happening IQD Exchange Rate $3.22 | Iraqi D...

Distribution of approximately 6,600 plots of land among employees of the Basra Oil Company, 9 MARCH

  Distribution of approximately 6,600 plots of land among employees of the Basra Oil Company

3/8/3034    Baghdad

Today, Friday, Oil Minister Hayyan Abdul-Ghani announced the distribution of 6,598 plots of land among employees of the Basra Oil Company.

A statement from the ministry received by “Al-Iqtisad News” stated that “Abdul Ghani stressed, during the ceremony of distributing land plot bonds to a number of employees of the Basra Oil Company, the keenness of the government and the ministry to provide a free and dignified life for employees of the oil sector who continue day and night in order to sustain and increase oil production and investment.” Optimum for this wealth, in support of the national economy .”

The Minister of Oil added: “Today we have reaped the fruits of sincere efforts over the past period to obtain this large area of land in cooperation with the governorate administration and the concerned authorities to transform it into residential plots of land, and to transform the dream into reality, and ink on paper into reality on the ground, and here we are today.” We are with you to fulfill what we promised you, and we will not stop there. Rather, we are moving forward to achieve our goal for all workers in oil companies to obtain their entitlement to secure a decent life for them.”

He pointed out that “the total number of residential plots of (Al-Biban) lands that were sorted in the Shatt al-Arab district reached (6598) plots, with (120) plots that conflict with the prohibitions of electricity towers - high voltage (132) V.K. A committee is working to follow up on land ownership.” (Al-Biban) decided to resolve this by approaching the concerned authorities by asking the Electricity Department to remove the encroaching towers. The committee also approached the Shatt al-Arab Municipality to appropriate the canceled railways that pass through (Al-Biban) District, which is affiliated with the Basra Oil Company. If approval is obtained, it will be added. Approximately (420) residential plots, in addition to the completion of all real estate bonds issued in the name of the Basra Oil Company, and the First Real Estate Registration Department in Basra has expressed its readiness to receive the transactions of the beneficiaries of the Basra Oil Company.”

Abdul-Ghani noted “coordination with the Basra Governorate administration to allocate (40) thousand plots of land for distribution to workers in oil companies in the governorate,” stressing: “Since we assumed the responsibility of the ministry, we have been keen to pay attention to the segment of employees and provide them with the requirements of a decent life, especially the distribution of plots of land.” And residential complexes, and we stressed the inclusion of all workers in the oil sector in accordance with the applicable controls and contexts.”

The Minister of Oil instructed "the administrations of oil companies to expedite the resolution of the issue of lands for affiliates in coordination with the governorate administrations," indicating that he is "personally following up on this issue, which falls within the priorities of the government and the ministry."

For his part, the Director General of the Basra Oil Company, Bassem Abdul Karim, extended his “thanks and appreciation to the Deputy Prime Minister for Energy Affairs and the Minister of Oil for his efforts, endeavors and follow-up in obtaining these lands for the company’s employees,” stressing that “this represents an incentive to provide more work and giving in service of the public interest.” .   LINK

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 9 MARCH

  Frank26 

 [Iraq boots-on-the-ground report] 

  FIREFLY: Saleh is on television talking about Iraq's financial situation.  He said...we have enough reserves to back a stable exchange rate...

  FRANK:  That's the reinstatement of your currency.  That's going to be the float eventually too.

  FIREFLY:  ...He says we are capably of many other things besides oil, our country is powerful, growing and the world knows it.  

FRANK:  Have you noticed the only topic in Iraq is about the exchange rate of a new currency that is coming to you?

 FIREFLY:  Economic experts on television saying Iraq has a lofty exchange rate to uncover...  

 FRANK:  Do you understand the word lofty? ...The word lofty means at its highest, at a pinnacle.  They are telling you they have an exchange rate they are about to give you that will be lofty for your currency and for you...that is the opposite of a program rate...