Central Bank Governor Participates in a Workshop Specialized in Electronic Payment, 11 AUGUST

 His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, participated in a specialized workshop on accelerating the transition to electronic payment, sponsored by the Prime Minister, and organized by the Osool Foundation for Economic Development and Sustainable Development.

His Excellency the Governor said during his speech at the workshop: The Central Bank of Iraq works side by side with the government program and the Prime Minister's direction to support electronic payment, and we are proud of what we have achieved so far. In 2023, the amounts processed through the national switchboard witnessed a significant increase, reflecting the development of the infrastructure and the expansion in the use of electronic payment channels and the impact of the campaign launched by the Prime Minister to activate electronic payment operations in general, and in the government sector in particular. 

His Excellency added that these upward trends continued to develop in 2024, as the amounts processed in the national switchboard systems amounted to more than (2) trillion Iraqi dinars in July alone, compared to (800) billion dinars in the same month of 2023, after which it became (1) trillion dinars in January of 2024, and government payments witnessed an additional increase, reaching (912) billion Iraqi dinars last July compared to (287) million dinars in the same month of 2023. 

His Excellency pointed out that payment operations at fuel stations in Baghdad alone increased significantly, recording more than (44) billion dinars in July of this year, compared to (183) million dinars in July of 2023 and (4.5) billion dinars in December 2023, revealing a huge increase in the number of points of sale (POS) to reach more than (50) thousand points of sale this year compared to approximately (11) thousand POS points of sale at the beginning of 2023, and thousands of them are in government institutions after they were zero before the launch of the campaign in June 2023.

Expressing his hope that government institutions will adopt the establishment of units specialized in electronic payment technologies to work on following up and developing this important aspect. 

Central Bank of Iraq 
Media Office 
August 10, 2024  link

RV Update Of Iraqi Dinar By Wolverine Today 2024🔥iraqi dinar news today🔥...

LATEST FROM FIREFLY, 11 AUGUST

 Frank26   [Iraq boots-on-the-ground report] 

 FIREFLY:Television now showing us articles, they're holding them up saying the HCL has been held up for 19 years as a hostage.  Now it's being presented to the House of Representatives. FRANK:  Your HCL is coming to you don't worry about it...Once you see the HCL you wee the new exchange rate.

 FIREFLY:Alaq has just retired from the CBI as the governor. 

 FRANK: Thank you for your service Alaq. Move over, the US Treasury is here. 

 FIREFLY:  Hours earlier Alaq was on Channel One saying don't believe the rumors and the TV said he was retiring.  Now he does retire.  

FRANK:  The US Treasury is not playing...

Parliamentary Committee: The decline in oil prices will not affect the budget, 11 AUGUST

 On Saturday, the Parliamentary Oil and Energy Committee in the House of Representatives renewed its assertion that the drop in oil prices to $70 per barrel will not affect the budget. 

Vice Chairman of the Committee, Nehru Mahmoud Qadir, told the Maaloma Agency, “There are concerns if the price of a barrel of oil reaches less than $70 in next year’s budget.” 

He added, "The price of a barrel of oil was calculated at $70 in the budget for the year 2024, indicating that the slight fluctuation in oil prices will not affect it."

He stressed that "employees' salaries are fully insured even if oil prices drop to $70."  link

Weekend News with MarkZ. 08/10/2024

Weekend News With MarkZ 

MarkZ  Update- 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

Mod:  GOOD MORNING ALL! HAPPY SATURDAY! THE CBD GURUS KICK OFF THE FIRST 45 MINS AND MARK GIVES HIS NEWS UPDATE AT 10:30 AM

Member: Good morning Mark, Mods and friends! Let’s make it a great weekend !

MZ: I suddenly did start getting chatter/static from the bond side …

MZ: Its very positive with a couple confirmations that they have received final information that final contracts are done …they already have final instructions…….and they hope to start distributing “large scale” on Monday or Tuesday . Let’s hope that is accurate. 

MZ: Some of this information is a “first” in this process….So I hope it is accurate. 

MZ: I did have a number of contacts tell me that my guesstimates on rates on currencies are going to be way under. That rates will be way higher than I was anticipating.

Member: Nader just put out a video saying bigger rates as well. 

MZ: I am hearing that from almost every source on almost every currency. 

Member: I Always say to count on lower rates……and be surprised if its higher

MZ: I would rather go in thinking mentally lower and then get blown away by a nice high rate. To me that is a healthy approach. 

Member: Anything 1 to 1 or higher is a big gift.

Member: If bond payments happened Monday or Tuesday, when would 4B be expected to go?

Member: Mark said in the past that we should go within a few days of bonds???  Hope it’s still true.

Member: Is an NDA required for currency?

MZ: We do not know for sure…..We continue to be told there won’t be an NDA on currencies-only bonds and zim…..but be prepared either way. 

Member: There’s been a rumor for years that Saturday Night is the best time to release the RV…..Lets hope this is the Saturday we have been waiting for!!!

Member:  Mark. Thank you for keeping us grounded. You are the best !!

Member: Have a very blessed weekend, everyone.

Mod: SEE YOU ALL ON MONDAY MORNING !!!

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics. 

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Central Bank Of Iraq Announces Growth Of Electronic Payment From 800 Billion To 2 Trillion Dinars[/Size], 11 AUGUST

 Economy  | 10/08/2024  Mawazine News - Baghdad    The Governor of the Central Bank of Iraq announced on Saturday a record increase in electronic payment operations from 800 billion to 2 trillion dinars in one year, noting that government payments reached 912 billion dinars during July 2024.

This came during his participation in a specialized workshop on accelerating the transition to electronic payment, organized by the "Osool" Foundation for Economic Development and Sustainable Development, followed by Shafak News Agency.

Al-Alaq said during his speech at the workshop that the Central Bank of Iraq works side by side with the government program and the Prime Minister's direction in supporting electronic payment, and we are proud of what we have achieved so far, indicating that in 2023, the amounts processed through the national switchboard witnessed a significant increase, reflecting the development of the infrastructure and the expansion in the use of electronic payment channels and the impact of the campaign launched by the Prime Minister to activate electronic payment operations in general, and in the government sector in particular.

He added that these upward trends continued to develop in 2024, as the amounts processed in the national switchboard systems reached more than 2 trillion Iraqi dinars in July alone, compared to 800 billion dinars in the same month of 2023, and became 1 trillion dinars in January 2024, and government payments witnessed an additional increase, reaching 912 billion Iraqi dinars last July compared to 287 million dinars in the same month of 2023.

Al-Alaq indicated that payments at fuel stations in Baghdad alone increased significantly, recording more than 44 billion dinars in July of this year, compared to 183 million dinars in July of 2023, and 4.5 billion dinars in December 2023.

Al-Alaq revealed a huge increase in the number of POS points of sale to reach more than 50 thousand points of sale this year compared to approximately 11 thousand POS points of sale at the beginning of 2023, and thousands of them in government institutions after It was zero before the campaign was launched in June 2023.

Al-Alaq expressed his hope that government institutions would adopt the establishment of specialized units in electronic payment technologies to work on following up and developing this important aspect. https://www.mawazin.net/Details.aspx?jimare=253011

Iraq’s Monetary Reform Finally Done? Shocking Update from Frank26!"