Thursday, October 31, 2024
"HYBRID MONETARY (PLAN)" BY FRANK26, 31 OCT
KTFA
FRANK26: "HYBRID MONETARY (PLAN)".......F26
The regional government to its employees: Whoever does not have a biometric code will have his salary stopped by the federal finances
10/27/2024
The Ministry of Finance and Economy in the Kurdistan Regional Government called on Sunday, employees and workers in the public sector to rush to register in the biometric system before the twentieth of next November, warning them that the Federal Ministry of Finance will stop the salary of anyone who does not have a biometric code.
The ministry said in a statement today that based on the agreements and understandings concluded between the Ministry of Finance and Economy in the Kurdistan Region and the Ministry of Finance in the federal government regarding the issue of resolving technical problems related to the payroll of Kurdistan Regional Government employees, the following must be done:
First: All employees, retirees, people with special needs, and heirs of martyrs who have not registered themselves in the biometric system must register before the date (11/20/2024).
Second: The decision to register in the biometric system includes all employees and salary recipients who are abroad for various reasons, or on unpaid leave, study, etc.
Third: Every employee or person receiving a salary in the Kurdistan Regional Government who does not have a biometric code until the date (11/20/2024) will have his salary stopped by the Ministry of Finance in the federal government, and he will bear responsibility for that.
TIDBIT FROM CLARE, 30 OCT
Clare
Article: "What does the closure of the Central Bank platform at the end of the year mean?
The Association of Banks explains"
Quote: "...closing the electronic platform...will not affect businessmen and the market...as they will quickly adapt and the market will return to normal, and the foreign trade process will be enhanced through correspondent accounts...
Iraq has 6 banks that have American correspondent banks, and 15 banks that have correspondent accounts with other countries to deal in different currencies."
In the presence of finance and the central bank.. Al-Sudani directs to pursue speculators, 31 OCT
In the presence of finance and the central bank.. Al-Sudani directs to pursue speculators
Head faceCouncil of MinistersMohammed Shia Al-Sudani, on Monday, while chairing a meeting to review financial and banking reforms by continuing to simplify procedures and pursue speculators.
The information office said to the presidentCouncil of MinistersIn a statement received forSumeriaNews, he headed the presidentCouncil of MinistersMohammed Shia Al-Sudani, a meeting dedicated to reviewing the comprehensive reform plan for the financial and banking sector in Iraq, in the presence of the Minister of Finance, and the Governor of the Central BankIraqiA number of advisors and managers of government banks.
The president stressedCouncil of MinistersAccording to the statement, “the need to intensify inspection procedures in financial transfers, and not to be tolerated and tolerate in pursuing speculators who take advantage of the crises that the region is going through, in order to achieve profits and personal benefits at the expense of the public interest of the country, directing the Ministry of Finance, the Central Bank and bank managers, to simplify procedures in front of business owners, with regard to financial transfers.”
As the president’s faceCouncil of Ministers“By forming a working group, it works to prepare packages to deal with the economic and financial situation at the moment, and to rework the investment tools in the Central BankIraqiAnd link it to the size of each bank’s deposits.”
During the meeting, “financial reforms and monetary policies followed in light of the decisions taken by the Council of Ministers were discussed, as it directed its sovereignty to fully activate all decisions and review the obstacles that prevented the implementation of some of them.”
The meeting also witnessed “discussing the progress of the work of the plans prepared within the framework of developing the work of banks, the reform procedures carried out by bank departments with Ernst & Young, and the level of progress they have made in this regard, to ensure the provision of the best services to its customers.”
The meeting discussed “the facilities provided by banks in the field of attracting deposits, which enhances the role of the banking sector in financing projects and promoting economic development, and directed his sovereignty to reconsider the benefits that banks provide to depositors.”
This The meeting also discussed “the measures taken in the field of encouraging citizens to continue using electronic payment systems, which are witnessing a significant increase in the number of users. In this regard, Al-Sudani directed to study and launch the government incentive program for the use of electronic payment tools, including cash back.”
WOW! THE MONETARY REFORM IS SUCEEDING AND SOON TO BRING FORTH WHAT WAS PROMISED BY FIREFLY, 31 OCT
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: Television is saying the dinar has grown in strength locally and that the decline of the dollar market is looking good, saying this is great that the black market is failing, the monetary reform is succeeding and soon to bring forth what was promised.
FRANK: Woo! Yes it is great because this is what is needed in order to bring out the new exchange rate. As the dollar drops your currency grows.