"THIS MEETING WILL EQUAL THE HCL!!!" BY FRANK26, 10 JUNE

 KTFA

FRANK26:"THIS MEETING WILL EQUAL THE HCL!!!"............F26

Details of a meeting in Baghdad to resume the export of Kurdistan oil

6/9/2024

Baghdad -
The head of the Kurdistan Regional Government Office, Omid Sabah, revealed today, Sunday,the details of a meeting held between a delegation from the regional government and the Ministry of Oil, in the capital, Baghdad, which is the first meeting of its kind to reach a comprehensive agreement regarding resuming the export of the region’s oil through the “Corporate Oil Company.” Sumo, National.----

Sabah said, in a statement received by Mawazine News Agency, that “the delegation discussed with Oil Minister Hayan Abdul Ghani and senior officials in the ministry the outstanding issues between the governments of Erbil and Baghdad and issues of common interest.
He added that the meeting focused on the dues of oil companies operating in the region and the process of Resuming the export of Kurdistan oil, production costs, and mechanisms for addressing these issues, reaching a comprehensive and balanced agreement within the framework of the constitution, and  re-pumping through the Iraqi Oil Marketing Company “SOMO” as soon as possible.

LINK

"THIS YEAR IRAQ WILL WITNESS A TANGIBLE SIGNIFICANT CHANGE FOR THE IRAQI CITIZENS" BY ARIEL, 10 JUNE

 ARIEL

Al-Sudani stated officially that "this year" Iraq will witness a tangible significant change for the Iraqi citizens.

Guess what? This can not be accomplished without releasing the new exchange rate. This can not be achieved without financing reconstruction projects. This can not be attained without purchasing power for the national currency. Iraq was just removed from the list of high-risk countries by the FATF. Which means they have reached Security & Stability. Period.----

Iraqi Dinar |WOW WOW Finally Announced📢 On Tv 📺Channels IQD RV and Excha...

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International Monetary Fund mission: We expect growth in the Iraqi economy, 10 JUNE

  International Monetary Fund mission: We expect growth in the Iraqi economy

The head of the International Monetary Fund mission in Iraq, Dr. Ghazi Shubaikat: There has been growth in the Iraqi economy in light of the reforms adopted by the government, at a time when he stressed that Iraq must work to achieve financial sustainability while having the elements to achieve this goal.

Al-Sabah met with the head of the mission and asked him the following questions:

*What does the Fund expect for the future of the Iraqi economy?
- The Fund expects growth in the Iraqi macroeconomy, in conjunction with the reforms adopted by the government with the aim of creating realistic solutions to all economic problems, and we sensed seriousness from the Iraqi government in the field of achieving economic reforms that strengthen the relationship with the Fund, and this encourages the strengthening of cooperation in a way that serves the Iraqi economy, which is suffering. Chronic problems.
*
How does the Fund support the Iraqi economy and what is the source of support?
The International Monetary Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises affecting the oil market, which Iraq relies on to cover its annual expenses, especially since a country like Iraq needs large revenues to cover the needs of all sectors, and this needs to create Real financial sustainability through reviving the productive and service sectors and bringing the capital cycle into a local context.

*What do you advise regarding reducing unemployment rates?
Iraq must focus on the labor market and create advantages in the private sector equivalent to what it obtains in the public sector, so that employment can be directed to the private sector, which must be activated within limits commensurate with Iraq’s economic capabilities.

*What does the Iraqi labor market need?
It is necessary to work on training and qualifying human resources in all specializations in light of the presence of human wealth that can be employed in a way that serves Iraq, with the need to create skilled labor in all sectors and in a way that is consistent with the government’s reform policy.

*In your opinion, where are the strengths in the economy?
- The private sector represents an economic force that can overcome challenges and gradually advance the national economy. It addresses many problems, especially since Iraq can achieve a diversity of revenues from sectors, some of which are distinguished by achieving sustainable revenues.

*What about the financial sector?
Competitiveness in the financial sector can create a solid financial sector with advanced services and safe and transparent money paths that support the economy and the stages of development it seeks and works to achieve, and reaches the most important goals of financial sustainability.   link

"ABOUT STABLECOIN & THE CORE BANKING SYSTEM" BY GOLDILOCKS, 10 JUNE

 GOLDILOCKS

As US Treasury bonds are being sold around the world, we have a growing interest in Stablecoin use case scenarios designed to minimize the risk factors of a falling monetary system as it embraces a new digital asset based trading system. 

© Goldilocks

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The Core Banking System is the foundation of our Global Financial Markets. 

It enables seamless currency exchanges, and it is the part of the banking system that coordinates risk management tools and digital networks to move virtual assets through the new QFS system on a Global scale. ----

Cross border international trading is made possible through this new digital banking system mechanism. It will allow foreign currency exchanges to move through the system. 

The beauty of this new digital banking system that is the nuts and bolts of all transactions done in a bank lies in the fact that it is done.

© Goldilocks

https://www.fivedegrees.com/foreign-exchange#:~:text=Your%20core%20banking%20system%20forms,is%20really%20not%20that%20foreign.

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"It is just a matter of time before ALL banks and branches implement this fully" BY MNT GOAT, 10 JUNE

THE IMPLEMENTATION OF THE COMPRENSIVE BANKING SYSTEM IN IRAQ

Al-Rafidain Bank announced, today, Tuesday, “the implementation of the comprehensive banking system in the White Palace branch in Baghdad, thus joining the branches in which the comprehensive system was activated in Baghdad, the governorates, and the branches of the border crossings.”

The bank stated in a statement received by Al-Mutala’ Agency that, “In line with the government program to move from paper to electronic transactions to provide the best services to citizens, the comprehensive banking system was implemented in the White Palace branch in Baghdad, thus joining the branches in which the comprehensive system was activated in Baghdad and the provinces.” The number of “28” branches is in addition to the branches of the border crossings (Zarbatieh – Safwan – Arar – Trebil), in an important step to strengthen the banking system, achieve its requirements, abandon paper work, and move completely to electronic systems.

He added, “The plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings to include all bank branches in implementing the system,  especially since one of the priorities and adoptions of the government program is electronic transformation in financial transactions, reducing episodes of red tape for citizens, reducing time, simplifying procedures, removing obstacles, and intensifying efforts to raise the level of… Services provided to customers and completion of their transactions.

(It is just a matter of time before ALL banks and branches implement this fully. Do we have to wait for this see the RV? I am told absolutely not, but how far must they progress? )

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

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