The Governor Of The Central Bank Of Iraq Meets With Employees Of The Erbil Branch, 5 NOV

 The Governor Of The Central Bank Of Iraq Meets With Employees Of The Erbil Branch

 
November 03, 2024   His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, visited the bank’s branch in Erbil.

His Excellency the Governor inspected some departments in the branch building, where he was briefed on the progress of their work and the achievements achieved by the branch.
 
His Excellency the Governor directed to the necessity of  cooperation and work on stimulating financial policies, to    improve the banking sector and the services that banks provide to citizens, in addition to making observations about the need to  intensify efforts to enhance the capabilities of banking work.

His Excellency urged the branch’s employees to   provide the best banking services to the residents of the geographical area supervised by the branch, directing the need to    strengthen the Central Bank’s supervisory and supervisory position over banks operating in the Kurdistan region of Iraq.  Central Bank of Iraq    Media office   November 3, 2024     https://cbi.iq/news/view/2705  

MILITIAMAN CC HIGHLIGHTS NOTES, 5 NOV

 MILITIAMAN CC HIGHLIGHTS NOTES

Summary

Iraq is taking significant steps towards international investment and economic reform, including launching the ICC, focusing on the banking sector, and transitioning to electronic payments.

Highlights

• 🌍 Launch of the International Chamber of Commerce in Iraq to attract foreign investment.
• 💰 Increased focus on the banking sector to support economic projects and investments.
• 📈 Riata Bank’s role in encouraging small and medium enterprises for job creation.
• 🚢 Completion of the initial designs for major transport projects, enhancing infrastructure.
• 📜 The new parliamentary leadership aims to resolve pending economic laws and reforms.
• 💳 Transition to electronic payments to streamline transactions and reduce corruption.
• 🏛️ Grand Ayatollah Al-Sistani emphasizes the need for integrity and stability in Iraq’s governance.

Key Insights

• 🌱 Investment Climate: The launch of the International Chamber of Commerce signals Iraq’s commitment to improving its investment landscape, suggesting potential growth in foreign investment opportunities.
• 🏦  Banking Sector Development: With a focus on strengthening the banking sector, Iraq is laying the groundwork for sustainable economic development, which is crucial for long-term stability.
• 🏗️ Infrastructure Improvement: The progress in transport projects indicates a strategic approach to enhancing trade and connectivity, vital for economic expansion.
• 📊 Legislative Progress: The new leadership in parliament aims to expedite the passage of critical laws, which could significantly impact economic reform and governance.
• 💻 Digital Transformation: Emphasizing electronic payments reflects Iraq’s move towards modernization, improving efficiency and transparency in financial transactions.
• 🔒 Anti-Corruption Measures: Al-Sistani’s call for integrity highlights the importance of accountability and governance in rebuilding public trust and ensuring stability.
• 🗳️ Political Stability: The cooperation among various branches of government suggests a positive shift towards a more unified approach to tackling Iraq’s economic challenges.

FIREFLY: IRAQ IS TAKING THE THREE ZEROS BILL TO PUTTING THEM IN AN ELECTRONIC PLATFORM

 

Al-Sudani Directs Taking A Number Of Steps To Enhance And Develop Electronic Payment Systems And Services, 5 NOV

 Al-Sudani Directs Taking A Number Of Steps To Enhance And Develop Electronic Payment Systems And Services

Monday 04 , November 2024  | General Number of readings: 129  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani directed to take a number of steps to enhance and develop electronic payment systems and services.

The Prime Minister's Media Office stated in a statement: "In implementation of the financial and economic reform approach, which represents one of the most important priorities of the government, the Prime Minister directed to take a number of steps to enhance and develop electronic payment systems and services:

First: Work to localize the salaries of private sector employees, similar to the government sector, and assign both the Ministry of Labor and Social Affairs and the Central Bank of Iraq, with the participation of a number of private sector institutions, to prepare an appropriate mechanism for this purpose.

Second: Ministries and all government institutions to leave cash payments and use electronic payments in collection and other related transactions, through an integrated plan submitted by each ministry or government institution before December 31, 2024, with actual implementation to begin no later than July 1, 2025." / End7  https://ninanews.com/Website/News/Details?Key=1166212

JUDY NOTES, 5 NOV

 JUDY NOTES

Possible Timing:

• Wed. 30 Oct. 2024: Tier4b funds released in Brazil.

• Also on Fri. 1 Nov. 2024 Texas, the possible site of the new US Republic Capitol, transferred it’s money into gold-backed currency.

The below were rumored dates which were subject to change (anything could happen):

• Tues. 5 Nov. 2024 Cyber Attack, e******n results, change of President, get 800s

• Thurs. 7 Nov. 2024 begin scheduling Tier4b (us, the Internet Group) appointments

• Tues. 12 Nov. 2024 begin Tier4b appointments

REINALDO JC: "The dinar will return to the glory days" ‪@DINARREVALUATION‬

 

How Did Reducing Inflation Help Stabilize Commodity Prices In Iraq?, 5 NOV

 How Did Reducing Inflation Help Stabilize Commodity Prices In Iraq?

 
November 2, 2024  Baghdad/Iraq Observer    The Association of Private Banks confirmed on Saturday that the government's success in reducing the inflation rate to 3.8% helped stabilize commodity prices.
 
The Executive Director of the Association of Private Banks, Ali Tariq, told the official agency, followed by “Iraq Observer,” that
 
“the Association of Private Banks and the Central Bank of Iraq held a symposium entitled
(The Statistics Cycle in Drawing up Monetary Policy),” indicating that
 
“the use of statistical data and information is a methodology adopted by the Bank.” The Central Bank of Iraq, especially in the recent period in making decisions, whether at the level of
     monetary policy or
     decisions that affect the economy in general.” He added,
 
 “The aim of the symposium is to
 
     clarify economic, financial and banking data to the public by specialists. To view the data published on the Central Bank of Iraq website: To
     clarify progress and shortcomings regarding the financial sector or monetary policy.” Tariq stressed that
 
 “one of the important indicators is related to the banking sector, the
     size of deposits, or the
     size of the monetary mass, and the
      distribution of deposits between the government and private banking sectors, in addition to the
     impact of credit and loans and on the gross domestic product,” explaining,

“On the other hand, as economic indicators, the most important of them was the inflation rates that It decreased significantly in the recent period to reach 3.8 percent,” noting,
 
“This is considered an excellent percentage that maintains the stability of commodity prices and
     thus the price increase is less for the citizen.”   https://observeriraq.net/كيف-ساعد-تخفيض-التضخم-باستقرار-أسعار-ا/