Communications: Iraqi Post has achieved great success in digital transformation of financial transactions , 24 OCT

Communications: Iraqi Post has achieved great success in digital transformation of financial transactions

10/23/2024  Baghdad - WAA 

The Ministry of Communications confirmed, today, Wednesday, that the Iraqi Post has achieved great success in the digital transformation of financial transactions.

The spokesman for the Ministry of Communications, Omar Abdul Razzaq Musaheb, said in a statement received by the Iraqi News Agency (INA): "The General Company for Post and Savings has achieved great success in terms of digital transformation operations for financial transactions by converting postal books that are decades old into easy-to-use electronic cards that allow citizens to view their balance and know all movements in their account through the electronic application "Ki".

He added that "the digital transformation operations achieved their desired goals of reducing corruption and manipulation of citizens' deposits, which contributed to enhancing citizens' confidence in the procedures adopted by the Post and Savings Company," noting that "they came in compliance with the paragraphs of the government program that emphasize the importance of activating digital transformation and electronic payment in financial transactions instead of cash currency trading."

Abdul Razzaq continued, "The Central Bank of Iraq is fully aware of all the financial activities of the General Postal and Savings Company through a monthly position submitted by the company, contrary to what is being promoted."

He pointed out that "the parties that are trying to downplay the importance of this achievement or seek to mislead public opinion with false information in this regard are the same bankrupt parties that do not want the wheel of reconstruction to advance in the work of the ministry's joints."  LINK

FIREFLY: RECOMMENDATIONS OF ERNST & YOUNG ABOUT BANKING REFORMS WILL BE NEEDED TO PROCEED WITH BANKING REFORMS, 24 OCT

 Frank26  

 [Iraq boots-on-the-ground report] 

 FIREFLY: TV says the recommendations for Ernst and Young about banking reforms will be approved by the council of Ministers to proceed with the banking reforms.  

FRANK:  Ernst and Young are playing a very important part in the Monetary Reform process with the CBI and United States Treasury.  Their involvement is very deep.  To see this report from them once again tells me we are running out of time...

MNT GOAT: SOMETIME IN NOVEMBER WILL BEGIN THE PROJECT OF DELETE ZEROS WITH IN COUNTRY RATE OF $1

 

https://youtube.com/shorts/Fn5XQ1HK7Aw?si=TARvWSFfcYc-U1Cr

Iraq's economy set to grow by 4.1% in 2025, ranking eighth in IMF report, 24 OCT

Iraq's economy set to grow by 4.1% in 2025, ranking eighth in IMF report

Shafaq News/ The International Monetary Fund (IMF) expressed optimism about the economic growth of Arab countries in 2025, expecting Iraq's economy to grow by over 4%.

In its October report, the IMF highlighted, “Libya leads Arab countries with an expected economic growth of 13.7%, followed by Sudan at 8.3% and Djibouti at 6%. Additionally, the UAE is projected to grow by 5.1%, Saudi Arabia by 4.6%, Mauritania by 4.2%, and Egypt by 4.1%.”

Iraq ranked eighth, with a predicted economic growth of 4.1%, followed by Somalia at 4%, Morocco at 3.6%, Kuwait at 3.3%, Bahrain at 3.2%, Oman at 3.1%, Algeria at 3%, and Jordan at 2.9%.

At the bottom of the list were Qatar, Tunisia and Yemen, with growth rates of 1.9%, 1.6%, and 1.5%, respectively.

TIDBIT FROM CLARE, 24 OCT

  Clare 

Article: "Al-Sudani: $100 billion is the size of investment opportunities in Iraq" 

 Quote: "Iraqi Prime Minister Mohammed Shia al-Sudani confirmed that the investment opportunities available in Iraq exceeded $100 billion in value, pointing to the expansion of economic cooperation between Iraq and Egypt."

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 Article: "Planning: The percentage of completion of operations related to the population census exceeded 90 percent"  

Quote:  "the work will be completed before the end of this month, with the exception of the three governorates of the Kurdistan Region (Erbil, Sulaymaniyah, Dohuk), in which work was delayed for technical reasons, noting that "the completion rate has reached more than 90 percent..."

IRAQ WILL ENHANCE THE DINAR'S VALUE IN INTERNATIONAL MARKETS @DINARREVAL...

"BANK REFORM COMMERCIAL." BY FRANK26, 24 OCT

 KTFA

FRANK26: "BANK REFORM COMMERCIAL."........F26

Al-Atwani: The government is working on preparing the basics of the 2025 budget to present it to the House of Representatives

 

10/21/2024

 

The head of the Parliamentary Finance Committee, Atwan Al Atwani, confirmed that the government is working on preparing the basics of the 2025 budget to present it to the House of Representatives for study and voting.

 

 
A statement from his office, received by {Al Furat News}, stated that: “Al Atwani discussed with a delegation from the Adam Smith International Foundation a set of laws related to the development of the financial and banking system, today, Monday, at the headquarters of the Finance Committee in the Council building, where he reviewed important draft laws including the Securities and Commodities Law, the Banking Studies Center Law, and the Islamic Sukuk Investment Law, with the necessary amendments being made, indicating that these laws will be read in the upcoming sessions.
Al-Atwani stressed that "the aim of the amendments is to involve the concerned parties to ensure increased productivity and listen to various opinions to ensure their effective implementation."
The statement added, "The organization of workshops in cooperation with the Law, Economy, and Investment Committees was also discussed to develop laws comprehensively, while hosting specialists to benefit from previous experiences. The mechanism for drafting federal budget texts, analyzing revenues and expenditures, and planning budget items and general programs were also addressed."
Al-Atwani pointed out that "the government is working on preparing the basics of the 2025 budget to present it to the House of Representatives for study and voting."

LINK