THEY ARE SHOWING ADVERTISING THAT THE KUWAIT DINAR IS AT $3.58 BY FIREFL...

IMPORTANT IRAQ NEWS: RAFIDAIN BANK: 44 BRANCHES IMPLEMENTED THE COMPREHENSIVE BANKING SYSTEM BY MNT GOAT, 17 OCT

 RAFIDAIN BANK: 44 BRANCHES IMPLEMENTED THE COMPREHENSIVE BANKING SYSTEM

Rafidain Bank announced on Sunday that the number of effective and completed branches of the comprehensive banking system has reached 44 branches, distributed in Baghdad, Anbar, and Najaf, in addition to the border crossings of Zurbatiyah, Safwan, Arar, and Trebil.

The bank stated in a statement:

In implementation of the government program to move from paper transactions to electronic ones to provide the best services to citizens. Rafidain Bank announces the implementation of the comprehensive banking system in the Nasr Square and Oil Products branches in Baghdad and the Anbar and Ghari branches in Najaf Al-Ashraf to join the branches that have activated the comprehensive system in Baghdad and the governorates in addition to the border crossing branches (Zurbatiyah – Safwan – Arar – Trebil) so that the number of branches that have implemented and completed the system becomes (44) branches….

The bank confirms that the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the scheduled timings to include all the bank branches in the implementation of the system.

EXCERPTS FROM MARKZ: "TIERS 1 & 2 ARE FUNDED" , 17 OCT

 EXCERPTS FROM MARKZ

Member: I just got word that Tiers 1 and 2 are funded. 3 and 4 are any minute now. 

MZ: I have heard that too……That is definitely the rumor running around….now they just need to give us our notices and pay those historic bonds. 

IRAQ COMPLETED ALL FILES TO JOIN THE WTO BY REINALDO JC

IMPORTANT IRAQ NEWS: MINISTER OF FINANCE STRESSES THE NEED TO ADHERE TO TIMETABLES TO ACHIEVE ECONOMIC REFORMS BY MNT GOAT, 17 OCT

 MINISTER OF FINANCE STRESSES THE NEED TO ADHERE TO TIMETABLES TO ACHIEVE ECONOMIC REFORMS

Finance Minister Taif Sami Mohammed stressed, on Thursday, the need to adhere to timetables to achieve economic reforms.

A statement by the ministry, seen by Al-Eqtisad News, stated that “Minister of Finance Taif Sami Mohammed chaired a meeting to follow up on the implementation of the government program related to financial, economic and digital affairs, where she reviewed the latest developments in the plans and procedures adopted by the government to achieve economic and financial reforms and discussed the challenges facing the implementation of the program.”

The minister stressed, according to the statement, “the importance of adhering to the specified timetables and achieving the desired goals in enhancing economic stability.”

The statement added that “the meeting addressed the most prominent economic and financial indicators, and reviewed the results of the reforms that have been completed so far, in addition to discussing ways to accelerate the pace of reform in vital sectors. Sami stressed the need for cooperation between all parties to achieve sustainable development and improve the standard of living for citizens.”

The statement concluded by saying that “the minister urged the concerned parties to continue working hard and intensifying efforts to ensure the success of the reform program and achieve sustainable economic growth.”

EXCERPTS FROM MARKZ, 17 OCT

 EXCERPTS FROM MARKZ

Member: RV Intel? Bond holders?

MZ: I am still not seeing any activity on Asian bonds. Everything that I am hearing and seeing this week and last week has been on the German bonds. There were a couple meetings last night and there are bond holders who keep saying that absolutely this is our week. 

MZ: I have facilitators saying “They are telling us this is our week…..that everything is complete…but have not seen much yet. They are waiting on the final “GO” to distribute the funds to the holders. 

MZ: The bond holders seem more hopeful than the facilitators that this is our week. I was hoping to have more news than that this week. 

Member: Maybe the facilitators are skeptical of the “Boy who cried wolf” and rightly so. 

Member: I heard years ago when 30% of the bonds are done…then we get our notifications….hope that still is true. 

Member: Are the German bonds the proverbial lynchpin of the bonds?

MZ: I believe the German bonds and the Iraqi Dinar are the lynchpins of this thing….the cornerstones of the entire reset tight now.  The two key things we are watching is the German bonds and the Iraqi dinar right now .

FRANK26: " THE NEXT STEP IS TO INTRODUCE THE LOWER NOTES AND THE NEW EXC...