Saturday, September 14, 2024
Al-Sudani: The development path will turn Iraq into an open state, 14 SEPT
Mawazine News – Baghdad
Prime Minister Mohammed Shia Al-Sudani said on Saturday that the development path project will turn Iraq into an open state, while capital finds in Iraq an opportunity amid security and political stability.
Al-Sudani said during a dialogue symposium through development and available investment opportunities, that “Iraq relies on oil as a single source to cover its expenses, which have begun to increase,” pointing out that “it is necessary to think correctly to activate oil support sectors.”
He added that “the development path project needs further study and clarification,” explaining that “the government has begun to establish and implement the development path project.”
He stressed that “the development road project will turn Iraq into an open state,” pointing out that “Iraq has natural materials that have not been exploited in industries.”
He pointed out that “the government opened the World Bank to start implementing the development path from Basra to Mosul,” noting that “the agreement with international companies is a positive indicator with the international partnership.”
He pointed out that “capital finds in Iraq an opportunity amid security and political stability,” stressing that “Iraq today is on the right track.”
He pointed out that “Iraq will enter the gas market after investing several fields.”
https://www.mawazin.net/Details.aspx?jimare=25487
LATEST FROM BRUCE : CONTRACT RATE FOR THE IQD IS EXTREMELY HIGH AND TIED TO THE SAME RATE THAT IRAQ SELL A BARREL OF OIL, 14 SEPT
Bruce
[via WiserNow] ...contract rate for the Iraqi dinar, I've told you, is extremely high and is tied to and is the same as the rate that Iraq is selling a barrel of oil for to other countries like Egypt, like Turkey, etc. wherever else they’re selling it -
So it's a very good rate. Of course, it's always subject to change, and their selling price of a barrel of oil might vary. Okay - That's great news, and...from my understanding is they will offer us who have Iraqi Dinar - the contract rate for the Dinar..
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BRUCE
Thurs. 5 Sept. 2024 Bruce
“The Dinar is trading on the Forex, but the rate is not exchanging yet. My sources say R&R payments will be paid the first ten days of September.
The amounts will be shown in our new accounts on the Quantum Financial System when we go in to redeem.
Bond Holders can already see their money in their accounts, but they do not have access to it yet. My sources say that the days of
Sept. 6, 7 and 8 will be important dates for us.”
- ----
Bruce
[via WiserNow]
Sunday night...five o'clock Eastern...after the Forex...opens back up for trading... we're going to see all new rates on all currencies...
They should see all brand new rates Sunday night period. Now – we would see them, probably Tuesday since Monday is a holiday. ...we don't have this absolute,
but my belief is we can get notified on Monday which is is labor day here in the United States - and then set our appointments and start on Tuesday...I'm just believing that we are finally at the end.
Thurs. 29 Aug. Bruce
- On Thurs. 29 Aug. 2024 there were solid but lower bank screen rates on the Redemption Center gray screens.
- On Thurs. 29 Aug. 2024 the Global Financial System was fully implemented and ready to go.
- All the banks have been totally integrated.
- The Dinar rate was three times higher at a Redemption Center than it was at a bank.
- The Dong rate was twice as high at the Redemption Center than it was at a bank.
- Zim has to be redeemed at a Redemption Center, not a bank.
- Tier4b should be notified to set appointments on Mon. 1 Sept.
- Mortgages and credit card debt elimination was starting Wed, Thurs, Fri, 4,5,6 Sept. and will run to Sun. 15 Sept.
- R&R should kick in the first week of September.
- Global arrests are taking place right now.
- The Forex comes up Sun. at 5pm EST with the new rates.
- If you are a Zim Holder the Redemption Center will give you a coupon for a Q phone.
https://dinarevaluation.blogspot.com/2024/08/dinar-and-dong-rates-in-redemption.html
MZ COMMENT ON TAX'S : " IM HEARING IT AS UNTAXED" , 14 SEPT
MZ COMMENT ON TAX'S:
I've posted this LINK a couple of times….. So no taxes on the exchange???
Read this from the US state Dept, on Iraq:
Go to section 6 Financial Sector: The last sentence says “There are no taxes or subsidies on purchases or sales of foreign exchange.” https://www.state.gov/reports/2022-investment-climate-statements/iraq/
MZ: I am still hearing it is untaxed but we don’t know for certain. I have set aside extra currency to cover a tax if there is one.
Weekend News with MarkZ. 09/14/2024
DINAR REVALUATION REPORT: New ATM Cards: Iraq's Financial Modernization Leap in 2024, 14 SEPT
New ATM Cards: Iraq's Financial Modernization Leap in 2024
In a significant stride towards financial modernization and inclusion, Iraq has introduced new ATM cards for its citizens in 2024. This move is part of a broader effort to adopt electronic payment systems and reduce reliance on cash transactions.
The introduction of new ATM cards is a direct result of Iraq's official endorsement of electronic payment systems, a decision that was praised by the US Ambassador to Iraq. This adoption signifies a pivotal shift in the country's financial landscape, aiming to enhance efficiency, security, and transparency in the financial sector.
Qi Card: Leading the Charge
Qi Card, recognized as the leading electronic payment solution in Iraq, has been at the forefront of this financial revolution. By facilitating digital financial transactions, salary advance programs, and personal loans, Qi Card is driving financial inclusion in Iraq, enabling citizens to meet financial obligations and aspire for a more secure financial future.
Enhancing Financial Security and Inclusion
The new ATM cards and the broader adoption of electronic payment systems are pivotal in enhancing financial security for citizens. They allow for secure and convenient transactions, reducing the risks associated with cash handling. Moreover, these digital capabilities empower vulnerable citizens to participate in commerce and community activities without compromising their safety.
Economic Stimulus Through Digital Payments
In response to the new electronic payment system, the Iraqi Prime Minister has implemented measures to promote the use of digital payments and POS systems. These measures aim to limit cash transactions, boost security, and reduce mobile payment fees, encouraging broader adoption and stimulating economic growth.
Neo Pay: A Digital Payment Pioneer
Neo Pay, the first digital Visa card in Iraq, is another testament to the country's commitment to digital financial solutions. By enabling citizens to create accounts and obtain digital cards instantly, Neo Pay is setting new standards for accessibility and convenience in electronic payments.
The Future of Finance in Iraq
The introduction of new ATM cards and the growing acceptance of electronic payment systems mark a significant step forward for Iraq's financial sector. These initiatives not only improve financial security and inclusion but also stimulate economic growth by modernizing payment methods and reducing reliance on cash transactions.
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