Sunday, August 18, 2024

WFP: Iraq Moving On A Positive Path Due To Security Stability, 18 AUGUST

 The World Food Programme (WFP) praised the situation in Iraq, noting that it is moving on a "positive path" as a result of security improvements and stability, while explaining that its role in Iraq is shifting from emergency response to building resilience and long-term sustainable development.

The Relief Web website reported a WFP brief on Iraq, stating that "recent improvements in the security environment and political stability have created opportunities for Iraq to move on a positive path. However, the harmful effects of climate change are affecting agricultural productivity, with increased salinity, desertification, reduced water flow in the Tigris and Euphrates rivers, and reduced rainfall, which has led to the loss of 12 million hectares of arable land, significantly impacting agricultural production."

The brief noted that "the repercussions of the climate change crisis have disproportionately affected the most vulnerable communities, and in a strategic move, WFP in Iraq is shifting its role from emergency response to building resilience and long-term sustainable development," indicating that "this shift is particularly important given Iraq's vulnerability to climate change, which is particularly evident in the southern region of the country."

He added, "The World Food Programme is working to align the targeting of beneficiaries through the National Bridges Programme for Skills Development and Youth Economic Empowerment, climate-friendly agricultural practices activities, and strengthening the safety net of the national social protection system to ensure alignment with strategic objectives and expand outreach to areas that previously suffered from a lack of services."  https://www.radionawa.com/all-detail.aspx?jimare=39189

LATEST BY BRUCE, 18 AUGUST

  Bruce   

[via WiserNow]  

 When do we get notified

The latest information has been all over the place...but I can tell you the latest information that I believe is reliable is saying we will receive notifications sometime Tuesday...That would be the 20th...

And that would be great. Then we probably will be setting our appointments, more than likely, for Wednesday, with some possibility of Tuesday afternoon...

 INTEL ONLY

***WHERE ARE WE NOW???***


Gem Finch, [16/08/2024 12:29 PM]


First R&R  - new information today the money from BC and Divorce Decree or Death Certificate parent’s spouse there were four areas traded as bonds.  The other thing is interest we paid on mortgages and bank loans for cars or whatever?  And for some of the older folks so older people will get a pretty big chunk – now for those in the currencies and Zim and those with Zim  - we will get our R&R put into our QFS accounts.   They should tell us that and how much it’s going to be before the total from the exchanges are added.   When it comes to the QFS  - so the Quantum Card thicker than a CC and has three chips  but we never carry that around with us and we only use it to move funds into your primary and secondary accounts, from the QFS account.    You can move to three different banks.   You don’t use it for anything else  - it’s not a CC /Debit card and you don’t ever want to lose it.


Access to the QFS we will get the R&R into that account and know what that is before the other funds are added.  Now here is the other thing to access the QFS they’ll use a biometric finger or thumb print and username and password all of which have to be written down and all other passwords at that exchange.   And a five digit  ID number and a new email address all you have to add to access your QFS accounts.   So this is backed by the New UST  - Bruce is saying gmail is a safe email.


We know when the R&R is happening for us  - but for non-exchanges because this goes to anyone 28 years and older and the green card holders you need to have had your card for 18 month minimum.  Say you're 55 or younger – but this will be deposited directly into your bank account.   They know what your bank account is because of the Ssecurity you had to use  and this all starts on Monday 19th August and could take up to 7 days to show up and you’ll know when you have a deposit  - email/phone call or online notification.  And for the older folks its substantial – but for the younger ones under 35 that says you won’...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/where-are-we-now-intel-only-by-gem.html

IRAQI DINAR HOT INFO SAM & SUMMARY MUST WATCH

The Iraqi Digital Path Diagnoses The Errors Of The Electronic Payment System And Confirms: We Must Start At The Top Of The Pyramid, 18 AUGUST

 Posted On2024-08-16 By Sotaliraq  The head of the Iraqi Digital Path Council, Dr. Safad Al-Shammari, identified several errors in the electronic payment system, which the government is calling for to address from time to time, while he stressed that to address these problems, it is necessary to start with the state ministries.

Al-Shammari said, “The electronic payment system in Iraq requires a set of basic requirements, including, foremost, the technical infrastructure, with the availability of fast and reliable internet networks, the development of modern and secure electronic payment platforms, and improving the means of connection between financial institutions, banks and electronic payment companies, not to mention security and protection, by ensuring digital security through data encryption and protection of sensitive information.”

Al-Shammari pointed out that “the success of electronic payment requires the development of anti-electronic fraud measures, such as multi-factor verification, and the availability of strong legislation to protect users from cybercrimes, which should be accompanied by awareness and digital culture, by spreading awareness among users about the benefits and mechanisms of using electronic payment.”

 He added, “In return for a basic need, which is integration with banks and financial institutions, by enhancing cooperation between electronic payment companies and banks to provide integrated services, and enabling instant money transfers between different accounts, which are regulated by the legal and regulatory framework, by establishing clear laws and legislation to regulate electronic payment services, with real government oversight to ensure that all parties adhere to the required standards.”

Al-Shammari stipulates that “for this system to succeed, this government must support public policies by providing incentives and encouragements to companies and citizens to use electronic payment, in an effort to build users’ confidence in the system through reliable and transparent experiences, in addition to ensuring the stability and reliability of the system at all times.”

He stressed that “the electronic payment process was launched as a popular digital financial culture for all citizens, before it started at the top of the pyramid, represented by the state ministries themselves, which was a concern for all citizens when it started working on it, while it faced a challenge represented by the resistance of some of the parties assigned to implement this process in various ways and pretexts, which did not support the opportunities for generalization as a prevailing culture in Iraqi society, in addition to a number of technical factors, most notably the weakness of the technical infrastructure, lack of internet coverage or slow speed.

” Pointing out that “this makes access to electronic payment services difficult or unreliable, and the lack of advanced devices and systems in some rural or remote areas, not to mention security and privacy concerns, with increased concerns about electronic fraud and cyber attacks, and lack of confidence in the system’s ability to protect personal and financial data, which was reflected in individuals’ hesitation to switch from cash to digital payment methods due to old habits or lack of understanding of technology.

” Noting that “this matter has increased the chances of some sectors or even the people working in them resisting change, for fear of losing control or being exposed to new risks.”

Al-Shammari concludes, “Despite the great benefits that the electronic payment system can provide, there are some potential negative effects that must be taken into account, including what is known as the digital divide.

The spread of electronic payment may widen the gap between different groups in society, especially between those who have good access to technology and those who lack it, such as the elderly or residents of rural areas. In addition to the security threats resulting from the increasing reliance on digital systems, there may be an increase in electronic fraud and cyber attacks.

” He indicated that “this exposes users’ data and financial accounts to risk, and the loss of privacy, as it requires collecting more data about individuals and their transactions, which raises concerns about privacy and how this data is used, in addition to what is known as financial exclusion, when some individuals or small companies find it difficult to join the electronic payment system due to costs or technical requirements, which may lead to their exclusion from the digital market.

 These are requirements and factors that must be carefully considered to reach the stage of sound digital dealings.”

It is noteworthy that the Iraqi government decided last year to oblige all its institutions - in addition to private schools and universities, gas stations, stores, restaurants, pharmacies, medical clinics, and others - to use electronic payment tools, and gave them a deadline to completely switch to this approach until the beginning of next June.  LINK

SUMMARY OF UPDATES OF GINGER, 18 AUGUST

 Thurs. 15 Aug. 2024 Farm Claims liquidity, Ginger’s Liberty Lounge

Reports regarding Farm Claims settlements being paid are accurate; and this is a very nice item which we can happily check off our “non negotiable list”. I was unable to share the exact details from my own confirmed contact, so I am sharing this other news passed along from someone else. 

8.14.24. Lamb: “I just got off the phone with a friend of mine, she told me that her friend that had registered with the farm claim packages … He woke up to $500,000 in their bank account with no explanation, no nothing, he showed her the bank statement and knows this other person had “no pot to piss in” before (per se). So the statement about farm claims being paid is 100%.”

GINGER

💢 Happy News!! Only worked one hour earlier and got most of the workday approved VTO. Been a productive catch all day, getting things done and even spent time with Mr Ginger. Please pray with me that the last hour and a half gets cleared, too? (My 8 - 930 PM) It's been nice having a bit of time to focus on other stuff at home. 🏡💓🏡💓🏡 Love you GLL family 

....

Getting some positive news from Triple Cabin Extravaganza Happy Campers - just waiting until there's something solid to tell you other than, "We're waiting". There's no bad news whatsoever - so at least that's a plus. You know me -- tryna vet it b..for read more: https://dinarevaluation.blogspot.com/2024/08/latest-from-ginger-15-august.html

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RECENT POSTS OF GINGER: 

 💢Q & A - EAS & Lockdowns - what to expect.....BY GINGER, 15 AUGUST 

https://dinarevaluation.blogspot.com/2024/08/q-eas-lockdowns-what-to-expectby-ginger.html 


LATEST FROM GINGER, 15 AUGUST

https://dinarevaluation.blogspot.com/2024/08/latest-from-ginger-15-august.html

🔥 Iraqi Dinar 🔥 The Iraqis Win 🔥 Today IQD Value to Dollar RV News Guru ...

Attracting investors and limiting currency smuggling.. Specialist explains the importance of "digitizing" Iraqi banks, 18 AUGUST

 Financial and economic expert Nawar Al-Saadi revealed, today, Friday (August 16, 2024), the importance of the benefits of "digitizing" financial transactions for Iraqi banks, while pointing out that digitization can enhance financial inclusion by attracting users who do not deal with traditional banks by providing easy-to-access and easy-to-use services.

Al-Saadi told Baghdad Today that “digitizing financial transactions in Iraqi banks can provide significant benefits, especially in terms of reducing currency smuggling,” indicating that “by adopting digital systems, banks can track all financial transfers with greater accuracy and transparency. This means that each transaction is automatically recorded and saved in a central database that can be reviewed at any time. This allows the relevant authorities to monitor and quickly detect suspicious financial activities, making it difficult for smugglers to exploit the financial system to smuggle currencies.”

“Digitizing the banking system contributes to reducing money laundering cases, as these operations usually depend on exploiting loopholes in traditional systems, but with an advanced digital system, these operations become more complex. Digitization also allows the use of advanced technologies such as artificial intelligence to analyze patterns in banking data and identify any abnormal or suspicious transactions,” he added, stressing that “this helps prevent money laundering by early identification of unusual activities and reporting them to the competent authorities.

Al-Saadi explained that “to implement this digital transformation in Iraq, there is a need for investments in technological infrastructure and developing the institutional capabilities of banks,” noting that “this requires providing modern technology, training employees to use it effectively, in addition to developing legislation and laws that protect users and encourage digital transactions. It is also important to enhance customer awareness of the benefits of digital transactions and build their confidence in the new systems.”

He stressed that “digitization in banks contributes to achieving more transparency and credibility in the financial system, as each transaction can be easily tracked and reviewed. It also improves the operational efficiency of banks by completing transactions faster and at a lower cost. In terms of security, digitization provides higher levels of protection against fraud and theft through advanced encryption technologies.”

The financial and economic expert concluded by saying, “Digitization can enhance financial inclusion by attracting users who do not deal with traditional banks by providing easy-to-access and easy-to-use services. Digitizing financial transactions in Iraqi banks also has great potential to enhance economic stability and reduce the risks associated with money laundering and currency smuggling, leading to a safer and more efficient financial system.”  link

Iraq signs $290 million loan agreement with Austrian bank, 19 SEPT

Alsumaria News  – Economy The Minister of Finance, Taif Sami, signed with the Austrian Ambassador to Baghdad a loan financing agreement from...