💥 Here are screenshots of the CBI website ... this IS SO EXCITING ...I can't translate the PDF exactly, but it has to be the instruction on currency exchange!!!!! I can feel the sand between my toes already and the sun shining on my face .... LET'S GO!!!! 🔥❤️🔥
💢 Goldilocks confirmed this has to do with Foreign Exchange Service Providers Working Procedures 😁
8.13.24
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RECENT POSTS OF GINGER
MILITARY MOVEMENT -USA TO IRAQ- BY GINGER, 13 AUGUST
Al-Alaq: The Central Bank is working with the Prime Minister’s direction and the government program to support electronic payment
Al-Alaq: The Central Bank is working with the Prime Minister’s direction and the government program to support electronic payment – Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, confirmed today, Saturday, that the Central Bank is working with the Prime Minister’s direction and the government program to support electronic payment. The Central Bank stated in a statement received by the Iraqi News Agency (INA) that “the Governor of the Central Bank participated in a specialized workshop to accelerate the transition to electronic payment, sponsored by the Prime Minister, and organized by the Osool Foundation for Economic Development and Sustainable Development.”
The Governor said during his speech at the workshop – according to the statement – that “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,” noting that “in 2023, the amounts processed through the national switchboard witnessed a significant increase, which reflects 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 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,” noting that “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 pointed out that “payment operations at fuel stations in Baghdad alone have increased significantly, recording more than (44) billion dinars in July of this year, compared to (183) million dinars in July 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 in government institutions after they were zero before the launch of the campaign in June 2023.” The governor expressed 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.” link
ANALYSIS:
The Central Bank of Iraq, under Governor Ali Mohsen Al-Alaq, is making significant strides in advancing electronic payment systems in alignment with directives from the Prime Minister and the government’s broader program.
Recent developments include a substantial
increase in transactions processed through the national switchboard and a notable rise in the number of points of sale (POS).
In 2023, the value of transactions via the national switchboard saw a marked increase, reaching over 2 trillion Iraqi dinars in July 2024 compared to 800 billion dinars in July 2023. Similarly, government payments grew significantly from 287 million dinars in July 2023 to 912 billion dinars in July 2024.
The transition to electronic payments has also impacted fuel stations in Baghdad, where transactions surged from 183 million dinars in July 2023 to 44 billion dinars in July 2024.
Additionally, the number of POS systems has expanded dramatically from around 11,000 at the start of 2023 to over 50,000 this year.
Governor Al-Alaq expressed optimism about the continued development of electronic payment systems and encouraged government institutions to establish dedicated units to further this progress.
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
Member: Good evening, all! Hoping this is our golden week
MZ: On the bond side it was a little quieter today than I expected. I do have one that had a conference call today nd expects funding tomorrow-about mid day. I hope they receive it.
MZ: So far I do not have any confirmations of folks sitting with dollars.
Member: I wonder why do all of these bond people have appointments, and then they are hopeful, and then the update we hear is that they have more meetings, and they are “still hopefull…” ?
Member: They have got to be beyond frustrated….just like all of us are.
MZ: Here’s a good one you all sent me. “Parliamentary committee for Nina-A government team is preparing a new draft of the oil and Gas Law” They are letting us know they are moving forward…meetings are happening and they are moving towards completion.
MZ: “ US Records 2nd biggest deficit in history as 25% of Tax revenues goes to pay interest.” This is untenable…..
Member: If your life boiled down to the craziest choice that no one would ever believe, do it anyway and rewrite the book on what’s possible
Member: Have a nice evening everyone.
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
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 NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Thank you MarkZ for all your time, and encouragement daily….. PDK
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
Coffee with MarkZ and Zester. 08/13/2024
Member: Happy Tuesday! All is good! Our time of God’s blessing is about to shine!!
Member: Good morning MarkZ, Mods and everyone!
Member: Good morning, one and all. Another day of "hoping this is it!" Someday, it WILL be IT!
Member: Any great RV news today Mark?????
MZ: Well this is the craziest thing…..the CBI have started sending out procedures and instructions on how to handle exchanges to banks……. Isn’t that neat?
MZ: It is clear to me that they are preparing. You can go to the CBI and read it yourselves. Right now it’s only in Arabic but you should be able to read it in English later today.
Member: You sure can’t make this stuff up. What a time to be alive to witness history.
MZ: A bond person this morning said they are still expecting funds today. Also had a bond processor in a different area (a different continent) is still being told to expect their fees ect and payment this afternoon.
MZ: I am very hopeful we will see real bond money movement today. I am antsy and excited after one confirmation today and one last night from another source.
Member: Hearing Iraq will be in the WTO on Aug 18th?
MZ: Quite a few people believe that. And quite a few people looking between the 18th and the 21st or so for some changes in values…..The chatter has been awesome.
Member: Any news of farm claims being paid?
MZ: IMO we saw it start to move with the Pickford(sp?) farm claims for black farmers. I am also hearing good things on the fines and penalties could go at any moment. I feel warm and fuzzy that things are indeed moving.
Member: Rumor has it that all debts will be cleared by the end of this month... that's what I'm hearing.
MZ: Yes that is very much making all the intel circuits right now.
Member: commenting on debt forgiveness, Jennifer (Jentel) has often said August 23rd God wins
Member: Nesara/Gesara will help everyone in the world….they just need to let it go.
Member: How soon after the RV will credit card debt disappear?
MZ: Mr. C believes it will be immediate. Possibly the same day or same moment.
MZ “3 Billion people exposed in massive unreported data theft”
Member: Everyone needs to contact the credit places and have them freeze your credit. You can unfreeze it if you need to purchase anything where a credit check is needed
Member: What happens if it's Go Time and you can't get on line to give us The Instructions or 800 numbers??? I guess we just rush the Banks???? LoL
Member: Mark Always said the internet will not totally go down…just social media
MZ: We will be able to get information out. .
MZ: It is questionable tonight if we will be here…..they are shutting the entire island of Puerto Rico’s power grid down this afternoon…in anticipation of the storm and flooding. Tomorrow ‘s podcast is also up in the air.
Zester : with Starlink and a generator…..
we may be here tonight. We will see.
Member: Be safe tonight Mark and Zester…..
Member: Big things are coming - I can feel it!
Zester joins the stream today to discuss crypto and cyber security . Please listen to the replay for his information and opinions.
YOU CAN FOLLOWER ZESTER ON MONDAYS, WEDNESDAYS, AND FRIDAY AT 5:00 PM! ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
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
Economic consultant Ziad Al-Hashemi has emphasized that merely changing the governor of the Central Bank of Iraq, Ali Al-Alaq, will not suffice to significantly improve the Central Bank’s performance. He argues that comprehensive reforms are needed to address fundamental issues. Here are three key reasons why changing the governor alone is considered insufficient:
1. Structural Deficiencies
Issue: The Central Bank of Iraq suffers from structural deficiencies that affect its overall performance. These issues include outdated systems and processes that hinder its efficiency and effectiveness.
Impact: These structural problems can lead to inefficiencies in monetary policy implementation and financial oversight. Simply changing the governor does not address these deep-rooted structural issues.
2. Administrative Weakness
Issue: There is a notable weakness in the administrative system within the Central Bank. This includes inadequate management practices and lackluster administrative performance.
Impact: Administrative weaknesses can undermine the bank’s ability to operate smoothly and execute its responsibilities effectively. Improvements require a thorough review and overhaul of administrative practices, not just a change in leadership.
3. Lack of Independence
Issue: The Central Bank of Iraq suffers from insufficient independence, which affects its ability to make unbiased decisions and implement monetary policies effectively.
Impact: Independence is crucial for central banks to function properly, as it allows them to make decisions based on economic principles rather than political pressures. Without genuine independence, any new governor would still face the same constraints and challenges.
Required Reforms
Comprehensive Screening and Development: A thorough review and modernization of the Central Bank’s work model, management structure, and operational procedures are necessary.
Enhanced Independence: Ensuring that the Central Bank operates with the same level of independence as other central banks worldwide is critical for effective monetary policy management.
Al-Hashemi concludes that while changing the governor might be a step in the right direction, it is not a panacea. The Central Bank requires broader reforms to address these systemic issues and achieve meaningful improvements in its performance.
