Rafidain announces the implementation of the comprehensive banking system in three new branches, 30 AUGUST

 Economy News _ Baghdad

Rafidain Bank announced on Thursday the implementation of the comprehensive banking system in the branches of Al-Akhal district in Baghdad, Al-Farouq, Diyala and Al-Khaldiyya, Anbar.

The media office of Rafidain Bank said in a statement received by “Economy News”, that “in implementation of the government program to move from paper to electronic transactions to provide the best services to citizens, Rafidain Bank announces the implementation of the comprehensive banking system in the branches of the working district of Baghdad, Al-Farouk, Badiya and Al-Khalidiya in Anbar to join the branches that activated the comprehensive system in Baghdad and the governorates, 

in addition to the branches of the border ports (Zarbatiya – Safwan – Arar – Trebil) so that the number of influential and completed branches of the system (40) branches,” indicating that “this came in an important step to strengthen the banking system and achieve its requirements, leave paper work and go to the total direction to electronic systems.”

The bank stressed that “the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the timings set to include all branches of the bank by applying the system, especially since one of the priorities and adoptions of the government program is the electronic transformation in financial transactions, reducing routine circles for citizens, reducing 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 2024/08/29 – 11:18 AM

https://economy-news.net/content.php?id=46908

LATEST FROM MILITIAMAN, 30 AUGUST

 Militia Man  

Article:  "...secure a sustainable water future, develop irrigation systems, and address the impact of climate change on rivers, 'without disclosing its financial cost'."  Why in the world would they not disclose the financial cost?

 ...If they told you it was going to be at 1310, would they be telling the truth?  

Probably not...They're not willing to tell you what the value of the currency is...

What is Iraq supposed to do by law, commercial business, in what?  

The dinar.  They're not willing to tell you how much it's going to cost.  I think that's a hint...Sustainable water for the future is most definitely going to be an issue.

Militia Man 

  Article  "Iraq is the 9th largest buyer of gold in 2024" 

 If they clawed back enough money to help buy 100 tons of gold, man, there's been some heavy, heavy corruption.  I'm assuming their recent income from non-oil revenues has had something to do with it as well.

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 Militia Man  

 Article quote:  "At this time there is no acute problem regarding cash liquidity" 

 There's no need to print new currency...They've yet to do anything different.  

They spent about $50 million in printing currency and it wasn't triple zero notes.  There's no reason for it.  You can't spend $50 million while you're burning up money to print new ones, especially if they were perfectly good.

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The United States is going to say we're ready to go. 

We're not playing games anymore...we're going to do it our way.  Iraq either you're on board or you're not on board...No wonder those guys are barking...because the parallel markets are going to go away and fast.

  They know what they need to do.  Change the value of their currency and no one's going to want their [black market] USD.  They're going to know the Iraqi dinar is going to be powerful just like Sudani said...

https://dinarevaluation.blogspot.com/2024/08/theres-no-need-to-print-new-currency-in.html

PIMPY: Iraqi Dinar update for 08/29/24 - update on where ive been and the rumo...

The Industrial Bank warns citizens against carrying amounts that exceed the allowed limit, 29 AUGUST

 Mawazine News – Baghdad

On Thursday, the Industrial Bank warned citizens against carrying amounts that exceed the allowed limit.
The bank’s media office said in a statement received by (Mawazin News): “Citizens should be careful not to carry amounts that exceed the permissible limit,” noting that “they can adopt official methods of transporting large funds.”
“Citizens should avoid carrying money in cash to prevent legal accountability if the limits allowed to enter and take money to and out of Iraq are exceeded,” he added.

https://www.mawazin.net/Details.aspx?jimare=254121 

LATEST FROM TNT, 29 AUGUST

 TNT

Every agency is saying the RV is happening 

800 number to come in a couple of hours. 

Tony thinks over the weekend.

 

Historically, rate changes in Iraq have happened in September. 

Prime Minister, CBI director and the Finance Minister are outside of the country.

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TNT 
Mon. 26 Aug. 2024 TNT

 They tweeted a couple days ago that the new lower denomination dinars were being released to the streets in Iraq, which means that the rate change is soon to follow. Today they confirmed with their contacts that the lower denomination dinars were released on certain locations on the streets.

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TNT TONY

• Sat. 24 Aug. 2024 TNT Tony
•  “Just got word that in Iraq the lower denoms are being released on the streets right now. Start poppin. It’s on its way.”

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 TNT UPDATE 

GOOD MORNING TNT IT'S FRIDAY AUGUST THE 23RD 20241:09 PM

THIS MORNING WAS TOLD TODAY IS THE DAY BUT WE DON'T KNOW THE TIME1:10 PM




GOOD THING TO BRING PEACE OF MIND... DNC IS OVER...Aug 23

NEVER THOUGHT IT WAS RELATED... THE THINGS THAT ARE RELATED ARE GETTING BETTER 1:11 PM




AT THE END OF THE MONTH SUDANI GOING TO TRY TO GET SANCTIONS OFF IRANIAN BANKS  1:12 PM




OTHER GOOD NEWS ISRAEL ACCEPTED THE PROPOSAL FOR PEACE     1:12 PM




SO WE WAIT FOR HAMAS - COULD HAVE PEACE, NO RETALIATION   1:13 PM




WE WILL SEE WHAT MAKES REAL SENSE.   1:13 PM




READY FOR IT TO BE OVER... READY FOR NEXT GREAT THING.1:15 PM

IT MIGHT SOUND HORRIBLE.... BUT... YOU CAN'T SEND ME YOUR PROBLEMS  1:15 PM




CAN'T FIX THEM... i CAN'T LOAN MONEY OR GIVE MONEY OR TELL YOU WHERE TO GET MONEY... NO ONE IS GETTING ANY. 1:15 PM




IT DOES AFFECT ME... ALL YOU ARE GOING THROUGH... I FEEL FOR YOU EMOTIONAL MENTALLY. 1:17 PM




HAVE SENATORS AND CONGRESSMEN WAITING TO GET PAID... PAID SOME LAST FRIDAY AND SATURDAY 1:18 PM




ALL OF THEM DID NOT GET PAID... SOME ARE WAITING RIGHT NOW...1:18 PM




SOME TOLD GETTING PAID YESTERDAY... PENDING... PAID TODAY... BUT DIDN'T HAPPEN...1:18 PM




SENATORS AND CONGRESSMEN NEED TO WAIT, TOO1:19 PM




ALL IS DONE... WAITING FOR EMAILS TO COME THROUGH THE SYSTEM Aug 23

IT'S NOT IRAQ IT'S NOT THE BANKS... ALL IS DONE THEY DID ALL THEY WERE SUPPOSED TO DO..1:19 PM




ALL HAVE DONE WHAT SUPPOSED TO DO BUT GO.... HOLD-UP SEEMS TO BE WHAT IS GOING ON IT THE MIDDLE EAST.1:20 PM




WAS HAPPY WHEN SAW THE AGREEMENT NOT TO INVOLVE IRAQ.... DON'T USE US AS A BATTLE GROUND... WOULD AFFECT THE WHOLE REGION 1:21 PM




WITH THESE THINGS OVER... COULD TAKE OFF... IRAQIS BEING TOLD ANY DAY... COMING DAYS.... SHOULD BE OVER TOMORROW1:22 PM

3 LETTER AGENCIES.... WAITING... TODAY AFTER 51:22 PM




ON WED WAS TOLD THEY WERE LOADING THE CODES TO RELEASE IT RIGHT THEN... OBVIOUSLY DIDN'T RELEASE.1:22 PM




GIVING ALL INFO... NOT HIDING INFO - ALL WE CAN DO IS WAIT FOR THE FINALIZED AGREEMENT WHICH CAN HAPPEN AT ANY MOMENT.

https://dinarevaluation.blogspot.com/2024/08/tnt-update-sudani-going-to-try-to-get.html

Iraqi Dinar Guru News Highlights (8/29/24)

Iraq is preparing a special plan for the salaries of its employees that cost 10 trillion dinars, 29 AUGUST

 Shafaq News / The Finance Committee in the Iraqi Parliament revealed, on Thursday, its intention to prepare a special plan to unify the file of the salary scale of employees, indicating that its implementation costs 10 trillion dinars.

The member of the committee, Moeen Al-Kazimi, explained to Shafak News Agency that the Parliamentary Finance Committee had earlier hosted the government committee concerned with the file of unifying the salary scale of state employees, and that it is working to find the necessary financial liquidity to achieve this unification.

He added that the number of employees exceeds 4 million, and that the unification of their salaries requires about 10 trillion dinars, which requires financial allocations and the amendment of the salary scale.

Al-Kazimi pointed out that the Council of Ministers is the entity concerned with amending the salary scale by approving a law on salaries or the Civil Service Law and sending it to the House of Representatives.

About 70% of Iraq’s estimated five million employees are calling for a change in the salary scale due to what they see as “injustice and unfairness” compared to their peers in other ministries that give much higher allowances. Employees have threatened to continue the demonstrations if the procrastination and procrastination of their rights have continued since 2008.

The capital Baghdad and a number of governorates witnessed periodic demonstrations demanding the amendment of the salary scale, as thousands of employees went out in mass demonstrations heading to the Green Zone in the center of the capital demanding the amendment of the salary scale in light of the high annual inflation rate.

Prime Minister Mohammed Shia Al-Sudani describes the file of amending the salary scale as a “sensitive matter”, stressing working to “reach a formula for achieving justice.”

https://shafaq.com/ar/اقتصـاد/العراق-يعد-خطة-خاصة-لرواتب-موظفيه-تكلف-10-تريليونات-دينار