"WHICH IS IMPORTANT FOR THE FLOAT" BY FRANK26, 14 MARCH

 KTFA

FRANK26:"WHICH IS IMPORTANT FOR THE FLOAT"..............F26

 

Sudanese Advisor: Implementing the banking system will complement the electronic automation policy

3/13/2024

Today, Wednesday, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, explained the importance of introducing the comprehensive banking system at the ports, while noting that this system is a positive integration with the automation policy.

Saleh said in an interview with the official agency, followed by Mawazine News, that “Rafidain Bank is one of the largest Iraqi government commercial banks in terms of the weight of its assets and operations, and it dominates nearly half of the assets of the Iraqi banking market,” indicating that “entering the comprehensive banking system with the branches of Rafidain Bank in... The country's border crossings (sea, air and land) are considered a positive integration with the current port and customs automation policy.”

He added, "The comprehensive banking system provides an important auxiliary tool for the banking system to enhance government cash flows immediately by collecting government levies, especially from various services or customs duties in the country's border regions."

Saleh continued, “Activating the comprehensive banking system of Rafidain Bank in its border branches, as it is a system for digital networking of banking operations between the center and the branches, and at the same time is an important enhancement to the implementation of the strategy of proceeding with the unified treasury account, which provides high governance, in knowledge and transparency of the flow of government revenues, and strengthens At the same time, the movement of government cash flow budgets is regular.”

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Iraqi Dinar - IQD - Dinar Update - Confidence - Electronic - Cash Flow -...BY MILITIAMAN

Parliamentary Committee: Passing The Oil Law Will Solve All Problems With The Region, 14 MARCH

 Parliamentary Committee: Passing The Oil Law Will Solve All Problems With The Region

Mawazine News – Baghdad  The Parliamentary Oil and Gas Committee reported that the Oil and Gas Law is the only solution to all the problems of the center and the region, and that it will establish a road map for the relationship between the two parties, while it confirmed that so far the law has not come from the government to Parliament despite 11 amendments being made to it.

A member of the Oil and Gas Committee, Nazem Al-Shibli, said in an interview with the official newspaper, followed by Mawazine News, that problems are accumulating between the center and the region, and if the oil and gas law is approved, all disputes will be resolved, as it is one of the most important laws that define the rights of each of them, noting that it needs to be resolved. The state administration continues to administer an unchanged strategic plan for the Prime Minister and has fixed committees.

He explained that there are many obstacles related to the law, including the issue that every four years there is a political orientation and a new prime minister, and after that comes a new political situation and then elections, and all of these matters complicate the scene, pointing out the difficulty of resolving problems with the region without the oil and gas law, and this We made 11 amendments to the law and it never reached Parliament.

Al-Shibli stressed that although Parliament asked the government to send important laws and the government sent many projects; But it did not send this law, noting that the amendments are only with the government and reach readings, the project is withdrawn, technical committees are formed between the region and the center, and the situation remains as it is.

https://www.mawazin.net/Details.aspx?jimare=243771

Coffee with MarkZ. 03/14/2024

"YES... WE WILL NEED MANY BANKS TO EXCHANGE... KNOW YOUR BANK!!! BY FRANK26, 14 MARCH

 KTFA

FRANK26: "YES... WE WILL NEED MANY BANKS TO EXCHANGE... KNOW YOUR BANK!!!...F26

Wells Fargo Abruptly Terminating Customers’ Bank Accounts, Say Attorneys General in 16 States, Demanding Immediate Freeze on Lender’s Alleged Debanking Practices

Henry Kanapi  March 10, 2024

 

More than a dozen state attorneys general (AGs) are accusing banking titan Wells Fargo of abruptly terminating customers’ accounts without warning.

In a letter addressed to Wells Fargo CEO Charles Scharf, 16 Republican AGs across the country accuse the trillion-dollar lender of debanking customers in a political and discriminatory manner.

The AGs say Wells Fargo has started a new trend that looks at clients’ political views as a basis for retaining banking access.

“Within this context, Wells Fargo’s decisions to debank Republican candidates and gun industry participants reveal a new troubling trend…

Blanket prohibitions and policies against providing service to certain customers lead to the inevitable question – who is next? Which types of companies or people will Wells Fargo determine cannot be allowed as customers? Is this why Wells Fargo apparently closed the accounts of former Republican candidates Lauren Witzke and Pete D’Abrosca on the same day in 2021?”

The AGs say the alleged pattern may be in violation of state laws.

“Wells Fargo should cease its efforts to discriminate based on ESG (environmental, social and corporate governance) objectives, and publicly commit to serving Americans in a fair, nondiscriminatory, and lawful manner. States possess meaningful authority over banks under civil rights and unfair and deceptive acts and practices (UDAP) statutes.” 

The 16 AGs end the letter asking Wells Fargo to stop its debanking policies and respond to its concerns by April 4th.

The AGs who signed the letter include Austin Knudsen of Montana, Tim Griffin of Arkansas, Raul Labrador of Idaho, Todd Rokita of Indiana, Kris Kobach of Kansas, Luz Murrill of Louisiana, Lynn Fitch of Mississippi, Andrew Bailey of Missouri, Mike Hilgers of Nebraska, John Formella of New Hampshire, Dave Yost of Ohio, Alan Wilson of South Carolina, Jason Miyares of Virginia, Patrick Morrisey of West Virginia, Sean Reyes of Utah and Bridget Hill of Wyoming.

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BREAKING NEWS IRAQ BY SANDY INGRAM, 14 MARCH

Petroleum Products Set The Date For Ending Cash Trading, 14 MARCH

 Petroleum Products Set The Date For Ending Cash Trading

Economy News – Baghdad  Today, Wednesday, the Petroleum Products Distribution Company set the date for ending cash trading, while indicating that great progress has been made in the field of electronic payment

The Director General of the Petroleum Products Distribution Company, Hussein Talib, said in an interview with the official media, followed by Al-Iqtisad News, that “the Petroleum Products Distribution Company is one of the first departments that relied on electronic payment in work,” indicating that “there are a group of failures that have been addressed in this regard.” With the Central Bank through licensed portals and companies.”

He pointed out that "among the challenges the operation faced was the problem of transferring funds from the citizen's account to the accounts of the oil products distribution company," stressing that "9 gates entered operation after the problems were addressed."

He added, "The electronic payment process has been launched at filling stations in Baghdad and all governorates," noting that "the company's plan at the end of the first quarter of this year includes ending the cash trading process in most areas of the Petroleum Products Distribution Company."

He continued, "The company has made great strides in the field of electronic payment, as the station agent now prepares products, as well as generator owners and the mobile agent, as well as state department vehicles, via electronic payment cards."

Views 22 03/13/2024 - https://economy-news.net/content.php?id=41439