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Launching the e-shopping service for social protection beneficiaries, 8 OCT

 Economy News – Baghdad

The Social Protection Authority announced on Monday the launch of the e-shopping service for the beneficiaries of the social safety network through the Key Card.

The President of the Authority, Ahmed Al-Mussawi, said in a statement, seen by “Economy News”, that “the electronic shopping service for the beneficiaries of the social protection network was launched through the (Key Card) card, to allow them the opportunity to buy from various stores,” pointing out that “the amounts of the subsidy will remain inside the card for three months, and will not be withdrawn unless any purchase is made during this period.”

Al-Moussawi added that “the authority also launched, in cooperation with the Ministry of Commerce – the General Company for Central Markets, sales operations at a discount or at the cost price for Key Card card holders of social protection beneficiaries,” pointing out that “beneficiaries can buy from the branches of the cooperation supermarket at competitive prices and supported by the use of POS devices that rely on the biometric footprint.”

Al-Moussawi explained that “this service will be initially launched in Baghdad governorate early next month, where 388,276 families will benefit from it, and this process is expected to maintain the circulation of an amount exceeding 82 billion dinars per month, as part of the government’s efforts to switch to the electronic monetary system and reduce dependence on paper cash.”

Al-Moussawi revealed that one of the advantages of the new system is:
– Facilitate purchases and limit them to the grant funds of the beneficiaries to ensure that support is directed to the eligible categories.
– The amounts will remain in the card for 3 months for the purpose of providing the right opportunity to shop.
– Supporting the government’s policy in promoting the use of electronic cash and reducing dependence on cash transactions.

He pointed out that the branches available for shopping are:
1. Selling / Central Worker Market
2. Salhiya Central Market
3. People’s Central Market
4. Freedom / Al-Jawadin Bridge
5. Jamila / Near Muzaffar Square
6. Palestine Street / next to the Iraqi Housing Fund

Al-Moussawi stressed that “this initiative also comes to enhance the shopping experience for social protection beneficiaries at subsidized prices, and provides them with their basic needs easily, while benefiting from the transition to the electronic system.”

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Added 2024/10/07 – 5:40 PM

https://economy-news.net/content.php?id=48450

RV UPDATE BY PIMPY, 8 OCT

 Pimpy 

 Article: "Customs: Our revenues during 7 months of this year exceeded one trillion dinars"  

This is awesome to see!  The crazy thing is, I remember in 2018-2019 this was one of those problem areas for Iraq. 

 There was a lot of illegal activities, a lot of bribing going on... 

Quote "the authorities hope the revenues will reach 2 trillion by the end of this year..."  That's one hell of an increase...

Article: "The International Coalition officially announces the end of its mission in Iraq within 12 months" 

 It must be that time of the year...Every year they say the same thing, within 12 months.

FIREFLY: THEY ARE TALKING ON TV WHAT WILL HAPPEN ONCE THE CURRENCY AUCTI...

US Ambassador: We are committed to supporting Iraq’s security, stability and sovereignty, 8 OCT

 Baghdad / Nina / The United States Ambassador to Baghdad Alena Romanowski confirmed on Monday that her country is committed to supporting Iraq’s security, stability and sovereignty.

“I spoke yesterday with Deputy Prime Minister and Foreign Minister Fouad Hussein about regional developments and the importance of diplomatic dialogue to calm current tensions,” the ambassador said in a post on the X platform.

“We are committed to promoting the common goals of the comprehensive U.S.-Iraqi partnership and supporting Iraq’s security, stability and sovereignty,” she added. /End9

https://ninanews.com/Website/News/Details?Key=1160360

IRAQ , A MODEL FOR REVELOPING STRATEGIES BY KAPERONI, 8 OCT

  Kaperoni  

 Article:  "International Praise for the Central Bank of Iraq: A Model for Developing Strategies that Serve the Development of the Banking Sector"

Kaperoni

  Article: "Developing the banking sector according to international standards... The Central Bank signs an agreement with the International Finance Corporation"

Kaperoni 

  This is a good quote from that article "The expected path of the Iraqi economy" 

 Quote: "The most important indicator, in my opinion, is that despite all the attempts to put obstacles in the way of economic development, intentionally or unintentionally,  

the government is moving forward with its program, leaving all attempts at obstruction in its wake, and this is one of the secrets of success and the key to hope."

https://dinarevaluation.blogspot.com/2024/09/rv-update-by-kaperoni-30-sept.html

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