Rafidain Bank links Four Border outlets to unified banking network
Shafaq News/ Rafidain Bank announced on Tuesday the integration of its branches at the Zurbatiya, Safwan, Arar, and Trebil border crossings into the comprehensive banking system.
This strategic move aligns with the government's efforts to streamline operations and transition from paper-based to electronic transactions.
Furthermore, the bank assured that it aims to simplify processes for customs agents and traders, introduce modern and transparent systems, and implement advanced electronic tools that adhere to global standards, to optimize operations at border checkpoints and enhance the country's non-oil revenue streams.
The bank emphasized that this integration is part of a larger initiative to support the government's objectives, the Ministry of Finance's programs, and the Customs Authority's digitalization agenda.
Article: "THE NEW IRAQI OIL LAW UNDERMINES THE DREAM OF KURDISH INDEPENDENCE"
Quote: "On February 21, the Federal Supreme Court ruled that the Iraqi Kurdistan Regional Government must hand over “all oil and non-oil revenues” to Baghdad. " This is a solid start to getting the Oil and Gas Law completed and to parliament for a vote. This must be completed to finish a Constitutional requirement to fully implement the new 2005 Iraqi Constitution. This was told to me a decade ago that this is critical to normalizing Iraq.
[via PDK] Comment: I think .76 cents is a sucker rate. MarkZ: I also believe .76 cents would be a sucker rate. Comment: Maybe .76 cents prepares the forex market for what is to come. So $3.50 to $4.25 won’t surprise them? MarkZ: I agree and it also prepares the people for a different rate. This big a change needs to be prepared for.
Comment: ...contacts in Iraq...think it will go between the 10th to the 24th of March. MarkZ: That’s the general consensus amongst my Iraqi contacts as well…. We will see how it plays out.
Sudani: We are going through a golden opportunity to regain the confidence of the people and the concern about the success of the government is unjustified, 13 MARCH
Prime Minister Mohammed Shia Al-Sudani said that the political system in Iraq, “is going through a golden opportunity,” in restoring the people’s confidence in it.
Al-Sudani said in a press interview, “Today, we address the most important thing that the political system has lost is the confidence of the people, which is the secret of success and strength for this government and today we live with a golden opportunity to restore the people’s confidence in this system.”
“We have received 1,542 projects that have been lagging behind since 2005 and they represent a waste of public money and their activation have carried the state many times its cost due to the extinction and price difference,” he added. Al-Sudani pointed out that “political arguments have hindered and disrupted many achievements and projects,” noting that “solutions exist for all problems and may not be solved, but it can be said that most of them.”
“The current government was formed by a pure Iraqi decision without external disruption,” he continued. He stressed that “the provision of services needs legislation and the government will continue its work to implement its program,” noting that “services have been developed as a priority because of the need of citizens for them, which is an important task for security, community and therefore political stability.”
“There is unjustified concern about the success of the government and it is reflected in the political competition and the size of that or that political force,” Al-Sudani said. He stressed that “the government is ready to hold the upcoming parliamentary elections,” stressing that “we do not allow the exploitation of state resources in elections and the government will not tolerate the change of positions in elections.” “The financial challenge may limit the expansion of projects,” Sudani said.
IMPORTANT NOTICE: When you go to the REDEMPTION CENTRE for Your Appt..
IMPORTANT NOTICE: When you go to the REDEMPTION CENTRE for Your Appt. Make Sure You NEVER just hand over your Currencies or ZIM for EXCHANGE w/o asking the following questions first w/ someone from there as a WITNESS. Write everything down and have the person asking and answering your questions print their name and initial or sign what you wrote down.
Here’s why:
1) When the security person asks for your currency and ZIM to verify it with the De la Rue Machine to determine if it is AUTHENTIC, DO NOT just hand it over. I REPEAT, DO NOT just hand it over. Do one Country and one denomination at-a-time. Ask them if by handing it over to them “ ARE YOU EXCHANGING IT?” Their answer should be no.
2) This become MOST IMPORTANT when they are giving you the rates. You MUST make sure you have all your questions answered first before “handing-over” ANYTHING. Have you completed the Summary Sheet for each currency? Have you separated everything by Country and denomination and put in separate clear ZIP-LOCK Bags, ie., Dinar -$1,000, $5,000, $20,000 so you will have a post-it with of each, then paperclip each stack. Put each in it’s own ZL Bag then put Dinar ZLB’s (3 in this Example) into 1 that Holds All three.
3) People that walk-in “UNPREPARED” will be the 1st to “SPIN-OUT” (their head will not think straight) and they will make HUGE MISTAKES. REMEMBER: They are not there to tell you what to do or fix what you haven’t done. You are on the CLOCK, so you must have your head on straight. Practice w/ a friend or Spouse, etc
4) ZIM STEP ARE EXTRA CRITICAL; Are you aware there could be “LIMITS” on just how many ZIM you can EXCHANGE for FULL PAYOUT. Right, now, your head is on the edge of “SPINNING-OUT” because this is most likely the first time you’ve heard me or anyone else mention it. Now, QUICK! What is the Capital of Rhode Island?
Your answer should be, heck I don’t know. That was your one practice situation. And, so long as you can stay calm and breathe, why are you there? To “EXCHANGE” YOUR CURRENCIES AND ZIM.
I REPORTED THAT THOSE WITH THE “LARGE” EXCHANGES OF ZIM WERE ONLY GETTING 10% OF THE TOTAL WITH THE OTHER 90% GOING INTO THE NATIONAL HUMANITARIAN INITIATIVE BUCKETS. AND, OF THEIR 10% THEY WERE GETTING 1% NOW WITH THE OTHER 9% BEING HELD UNTIL AFTER THE NDA’S EXPIRE. THEY CAN DO WHATEVER THEY WANT WITH THEIR 10% as none of it is required to be used in a Humanitarian Project. It’s all Personal to be spent on whatever they want.
