"IMPORTANT IRAQ NEWS : INTECH IN IRAQ: HOW IS IRAQ RESHAPING ITS FINANCIAL FUTURE? : WITH " FINANCIAL INCLUSION IN IRAQ" BY MNT GOAT, 11 JUNE

INTECH IN IRAQ: HOW IS IRAQ RESHAPING ITS FINANCIAL FUTURE?

Financial technology (FinTech) has become a major driver of innovation in the global banking sector, providing innovative solutions to facilitate financial services and increase their efficiency.

In Iraq, banks have begun to adopt these technologies, which has contributed to improving customer experience and expanding the scope of financial services provided. The Iraqi Deposit Insurance Company plays an important role in supporting this trend, as it is a pillar of financial stability, by encouraging banks to adopt financial technology and providing a regulatory environment supportive of innovation.

Financial technology has demonstrated its ability to enhance financial inclusion in Iraq, as it can provide affordable and accessible financial services to wide segments of society, especially in remote and rural areas. Through mobile applications and online banking, individuals and businesses can access a variety of financial services, such as money transfers, paying bills, and obtaining loans, without having to visit bank branches.

The Iraqi Deposit Insurance Company is working to enhance the use of financial technology in Iraq, through cooperation with banks and financial technology companies to develop innovative solutions that meet the needs of the Iraqi market. The company is also working to provide the necessary regulatory framework to ensure the security and safety of digital financial services, and to protect consumer rights.

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

"RV UPDATE" BY MARKZ, 11 JUNE

  MarkZ  

 [via PDK]  “The United Nations development program has issued a 49 page report on investment opportunities in line with Iraq’s sustainable goals”  These are things to develop a very robust Iraq economy.  

 “The  UN sees progress in Iraq’s anti corruption  efforts and lists recommendations..”   The UN seems pretty happy with all the efforts you have made Iraq …here’s you “atta boy”...This is actually important to see all the sanctions going away and Iraq being free and clear to change values on the world stage.

 ... Sudani signed a cooperation agreement  with the trade bank of Iraq and the German export credit corporation. If everybody thought nothing was going to happen in Iraq -then they would not be signing these extremely high level deals. You are watching them become a major player on the international stage. 

 I found this one encouraging. One of the things they are going to need to be taken seriously on the world stage is the value of their currency. Vietnam is also running into that problem right now. They need to revalue up.

...there is contention as to whether the president has signed it [the budget] yet or not...And attempts by Maliki to delay things. Don’t panic- they are not allowing a delay and will push forward with the printing of the budget…and execution. Maybe we will see the printed budget by Saturday now...I’m still hearing positive things for the 7th through the 9th.

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-markz-7-june.html

Iraqi dinar ✅ WOW Gezette News Budget,Iraqi Dinar Exchange Rates are App...

----

"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...

----

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