Implementing The Comprehensive Banking System Of Rafidain Bank In 29 Branches
Economy | 09:38 - 06/10/2024 Baghdad – Mawazine Rafidain Bank announced today, Monday, the implementation of the comprehensive banking system in 29 branches so far.
A statement from the bank, received by Mawazine News, stated, “In implementation of government directives to adopt modern methods in completing banking transactions and expanding the circle of banking activity using advanced technical devices, Al-Rafidain Bank announces the implementation of the comprehensive banking system in its branches (Anbar and Mosul University), thus joining the branches.”
The comprehensive system was activated in Baghdad and the governorates, in addition to the branches of the border crossings (Zurbatiyah - Safwan - Arar - Trebil) in an important step to abandon paper work and move completely towards electronic transformation.
The bank confirmed that “the plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings to include all branches of the bank 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, and reducing time and effort in completing citizens’ transactions.”
MarkZ Disclaimer:Please consider everything on this call as my opinion.People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening MarkZ, Mods and everybody 🙂
Mod: HELLO EVERYONE! HOPE YOUR DAY IS GOING WELL!
Member: Praying this really is our week.
Member: Mark. Did you hear from your Bond Contacts?
MZ: I still have a couple that have not responded today. Hopefully they are getting paid today. The earliest expectations were for late tonight….and more on tomorrow and Wednesday,
MZ: I do have a couple more who were told to expect theirs tomorrow….they were told today that those appointments for tomorrow are still set….and the expectations are that they will complete this time. . . I find this very encouraging.
MZ: If we see that- I believe we can then be excited….and all bets are off on timing.
MZ It’s been very quiet for Iraqi news….and quiet from Reno. Seems like everybody I waiting for the next shoe to drop on historic bonds.
Member: How long after the bonds go- will we go?
MZ: Most of my sources believe we will go within 3 days. That is why I watch the historic bonds and am hopeful this time.
Member: Lots of people are saying Iraq will go soon and by themselves. If they do, can we in the USA exchange them for rubles or another asset backed strong currency?
MZ: Im not worried if they go by themselves…..if they do –I’m prepared. And part 2- if you live in the US they will exchange it for USD and then you will have to buy those other currencies. This is nothing to be worried about.
Member: Mark, we have heard the stock market was gonna crash for so long. Do you think it’s really gonna happen???
MZ:“ Harry Dent predicts Stock Market crash worse than 2008 crisis. The bubble of all bubbles” More economists are starting to realize what we have been telling you all for some time now. Economisst’s are waking up to the manufactured numbers.
Member: Is watching the HCL implementation a good indicator?
MZ: It’s a very good indicator. I was told since very early in this process that this was a key indicator…along with the inversion in the bond markets which we have seen.
MZ:“ Breaking the banks- Senator Lee introduces bill to abolish the Federal Reserve” More and more are waking up. .
MZ: Zester is coming in soon to talk about this. “ XRP ledger ready to adopt tokenized gold and silver in Q3 of 2024”This is a type of de-centralized economy based on real assets that your central banks are terrified of. .
MZ: Bank Note World dropped a video about how to tel real from Fake Zim…..For those of you who were asking.
The Ministerial Council For The Economy Decides To Support The Independence Of The Central Bank In Formulating Monetary Policy
Economy News – Baghdad On Monday, the Ministerial Council for the Economy took several decisions, including supporting the independence of the Central Bank of Iraq and approving recommendations regarding the import of vehicles.
The media office of the Ministerial Council for the Economy stated, in a statement seen by Al-Iqtisad News, that “Deputy Prime Minister, Minister of Foreign Affairs, and Chairman of the Ministerial Council for the Economy, Fouad Hussein, chaired the seventeenth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister, Minister of Planning, and Ministers of Industry.”
Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Prime Minister’s advisors for economic and legal affairs, and the Chairman of the Securities Commission.”
He added, "The Council discussed the items on its agenda and took the necessary decisions regarding them, and hosted the President and Vice President of the Financial Supervision Bureau and the Director-General of the Legal Department in the Bureau to study and evaluate partnership contracts between the public and private sectors and demonstrate the economic feasibility of their continuation or termination."
He pointed out that "the head of the Bureau reviewed these contracts, which were divided between important contracts that benefit the state budget and contracts that lacked economic feasibility, and the Council decided to complete the discussions in the presence of representatives of the relevant ministries in order to resolve this important file."
The Council decided, according to the statement, “to approve the recommendations of the committee formed to study the adoption of Iraqi, Gulf, or higher specifications when importing vehicles in order to preserve the lives and safety of citizens and users of vehicles and roads.”
The Council discussed, “Determining the contribution of foreign capital to Iraqi banks, and in line with the state’s general policy in supporting the Iraqi and foreign banking sector and foreign investments in Iraq,” deciding to “support the independence of the Central Bank of Iraq in formulating monetary policy in accordance with its applicable laws and instructions.”
He hosted, “The Technical Undersecretary of the Ministry of Environment to discuss supporting the Ministry’s projects related to implementing the government program and removing obstacles that hinder its implementation.” 06/10/2024 - https://economy-news.net/content.php?id=44194
As of Thurs. 30 May 2024 any US State could legally obtain their own gold backed currency and bypass the Federal Reserve.
As of Sat. 1 June 2024 International World Trade was using the new Iraqi Dinar Rate in the trade of international goods.
On Mon. Evening 3 June 2024 the Iraqi Parliament finally passed their budget with the new Iraqi Dinar International Rate in it.
On Tues. 4 June large bondholder paymasters were in Reno to begin exchanging their bond portfolios over the next 24 to 48 hour window.
On Wed. 5 June 2024 the shotgun was fired, authorizing liquidity of the bond payments of CMKX that opened the RV/GCR; the General of Brazil authorized release of funds to Brazil and San Paulo started to release funds. The Iraqi Parliament sent the budget with the new Iraqi Dinar Rate in it to the Gazette to be published.
On Thurs. 6 June 2024 the Chinese Elders authorized start of the payment process for Tier4b (Us, the Internet Group). The International Beneficiary Commission authorized some in Tier4b to receive notification. Brazil began sending out notification and setting exchange appointments. A group in Zurich and another group in Brazil went liquid.The BRICS Alliance began Summit meetings in Russia.
On Fri. 7 June 2024the US Government ranout of money and declared 63 banks insolvent according to Janet Yellen. Bonds started becoming liquid.
On Sat. 8 June 2024 Nesara Gesara and authorization came through for the liberation of funds was announced in Mexico. https://t.me/GESARAShow
On Sun. 9 June 2024 the White House was lit up in gold. Saudi Arabia dropped the USD and ended the Petrodollar. It was the Beginning of the End – the collapse of the Global Financial System. Market Crash Imminent. RV funds for Bond Holders and Tier4b were moving into their positions for payout.
On Tues. or Wed. 11, 12 June 2024 a Worldwide Economic Collapse was expected to begin.
On Sat. 15 June 15 any bank not Basel 3 compliant would be closed.
International Monetary: We Support Iraqi Reforms That Keep The Oil Market Away From Crises
Economy Monday, June 10, 2024 10:05 AM Follow-up/National News Center The head of the International Monetary Fund mission in Iraq, Ghazi Shubaikat, said that the 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, anticipating growth in the Iraqi economy during the coming years.
*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 He suffers from chronic problems.
*How Does The Fund Support The Iraqi Economy And What Is The Support?
The International Monetary Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises facing 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 sound 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. https://nnciraq.com/257087/