Tuesday, July 2, 2024
Rafidain Bank announces the implementation of the comprehensive banking system in 31 of its branches in Iraq
Economy News – Baghdad
Rafidain Bank announced today, Tuesday, the implementation of the comprehensive banking system in the Pharmacists Branch in Basra, thus joining the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the border crossing branches (Zurbatiya – Safwan – Arar – Trebil).
Thus, the number of effective and completed branches of the system becomes (31) branches, in an important step to strengthen the banking system, achieve its requirements, and move away from paper work and completely towards electronic systems.
The bank confirmed in a statement today that the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the set timetables to include all the bank’s branches in the implementation of the system, especially since the priorities and adoptions of the government program include electronic transformation in financial transactions, reducing the circles of routine for citizens, shortening time, simplifying procedures, overcoming obstacles, and intensifying efforts to improve the level of services provided to customers and completing their transactions.
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Added 07/02/2024 – 9:10 AM
https://economy-news.net/content.php?id=44808
Iraq’s prime Minister on building a stronger relationship with the United States BY GOLDILOCKS, 2 JULY
GOLDILOCKS
Atlantic Council | Front Page
Iraq’s prime Minister on building a stronger relationship with the United States live broadcast
April 19 at 2:30 PM ET
Question:
Is the government thinking about reevaluating and readjusting the value of dinar due to the current circumstances in the market? Or do you see it to stay the same?
Prime Minister Al Sudani’s response:
This policy is actually dictated by the central bank. The government abides by the decision of the central bank. Iraq is in the best status we could be in. We have actually had an assessment which has given much trust to higher global parties. So we started reforms when it comes to the banking sector. We have spoken about this before, but this is actually going to raise the level of the value of Iraqi Dinar. There is a consistent policy the central bank is using when it comes to investments and how they invest the money for our own reserves here in Iraq.
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"The 9th Global Review of Aid for Trade entitled “Mainstreaming Trade into Development Strategies” wrapped up on 28 June after three days of discussions involving over 1,000 participants and more than 60 sessions looking into how developing economies can maximize the potential of trade to boost economic growth and improve living standards."
Aid for Trade (AfT) is an initiative of the World Trade Organization (WTO). The initiative was launched in 2005 at the WTO's Hong Kong Ministerial meeting.
The purpose of this meeting is to help developing countries implement trade commitments through connecting their trade priorities with trade arrangements and reforms that assist in building trade capacity.
The AfT is a policy concept regarding international economic trade development focusing on helping developing countries build trade capacity and infrastructure.
There is no fund to give those who participate in this program, but the benefits of attending this meeting is beyond what money can buy. The WTO agreements made in this meeting covers goods, services, climate change, digital technology, geopolitical tensions, and intellectual property.
Watch the water.
© Goldilocks
https://www.wto.org/english/news_e/news24_e/gr24_28jun24_e.htm
https://blogs.worldbank.org/en/trade/developing-countries-need-more-support-in-global-trade
https://www.wto.org/english/tratop_e/devel_e/a4t_e/aid4trade_e.htm
https://ustr.gov/issue-areas/trade-development/trade-capacity-building/aid-trade#:~:text=U.S.%20aid%20for%20trade%20is,such%20countries%27%20ability%20to%20compete
Iraq Signs The Singapore Convention To Attract Foreign Investments
Iraq Signs The Singapore Convention To Attract Foreign Investments
Amr Salem July 1, 2024 Part of the Iraqi capital, Baghdad. Photo: Shafaq News
Baghdad (IraqiNews.com) – Iraq hailed the ratification of the United Nations Convention on International Settlement Agreements Resulting from Mediation (Singapore Convention) as a historic step toward attracting foreign investors.
Iraq’s National Investment Commission (NIC) and the United Nations Development Programme (UNDP), under the auspices of Prime Minister Mohammed Shia Al-Sudani, conducted a high-profile mediation meeting on Wednesday, according to a statement released by UNDP.
The Prime Minister’s Advisor, Nasser Al-Asadi, reaffirmed the government’s unwavering focus on foreign investment.
“We are continuing our progressive reforms and working to make Iraq an appealing and secure investment destination,” Al-Asadi explained.
“Iraq’s admission to the Singapore Convention is a big step forward, strengthening our efforts to develop a dynamic corporate sector,” the Iraqi official stated.
“We will continue our efforts to boost investment, eradicate corruption, and provide job opportunities for the youth,” Al-Asadi elaborated.
Iraq took a huge stride forward on April 17, 2024, when it signed the Singapore Convention, which makes it easier to implement mediated settlement agreements, paving the way for more international trade and commerce between countries.
The conference was attended by the European Union (EU) Ambassador to Iraq, Thomas Seiler, who confirmed that the EU is collaborating with the Iraqi government and UNDP to assist Iraq in becoming a secure and appealing destination for foreign investment, including from the 27 EU Member States.
https://www.iraqinews.com/iraq/iraq-signs-the-singapore-convention-to-attract-foreign-investments/
Evening News with MarkZ, then Mushrooms Monday with Lucas. 07/01/2024
Monday Evening News with MarkZ
Some highlights by PDK-Not verbatim
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 to all of the Mark Z family.
Member: Read today it the 45th anniversary of the Vietnam war. Not on the news anywhere!
Member: Hey Mark did you ever think we would still be waiting this long for the RV?
Member: Any thoughts on the 4th? Would be nice to get the change on that day.
MZ: On the Treasury side the rumors are dropping left and right. Everything from “It’s tomorrow” to “oh no- they delayed it another month” Crazy rumors….same sources are telling different people different things. That tells us its “MISINFORMATION” and it is done on purpose.
MZ: Stay calm and remember the fundamentals. Iraq is still looking great. They still have the new ATM’s, they still have conversations saying they are going to delete the zeros. And they are still having the conversations about releasing the lower denominations in July…..things still look great.
Member: People in Iraq are going to lose faith in Sudani if he doesn’t hurry. IMO
MZ: I feel that as far as Iraq is concerned it is done and prepared. They are just waiting on the “go” so they can announce and move forward
Member: I guess the US has not signed off on it yet?
Member: I think Iraq is being held back on purpose.
MZ: I agree , but think its temporary and we are about to see it rip.
Member: I read the bonds aren’t done because the first one in Germany showed up on the Fiat ledger and that had to be fixed before they can finish teir 3
MZ: 2 of my bond folks checked in this morning and are hopeful final contracts and 1% will occur tomorrow.
Member: Will I get an RV for my birthday July 12th?
MZ: I think there is an excellent chance we will see it by then.
Member: Im struggling with the timing of this i know its going to happen but man everything is going to crap
Member: Having trouble staying motivated. I knows it’s a when, not an if. The fuse has been burning for so long, I can’t keep excited
Member: The Music getting ready to go…. watch the fireworks!!
Member: Countdown to RV. Tick, tick, tick. Roll credit on Iraqi Dinars and BRICS.
Member: Thank you Mark, mods. You all work so hard to keep us updated… thank you. Blessings to all. Have a good evening.
“THE CONTENT IN THIS PODCAST IS FOR GENERAL& EDUCATIONAL PURPOSES & NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY”
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com
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