Saturday, November 9, 2024
Association of Private Banks: Financial inclusion increased to 48%, 9 NOV
Association of Private Banks: Financial inclusion increased to 48%
Economy News – Baghdad
The Association of Private Banks announced on Saturday a high financial inclusion of electronic payment during the last two years.
“During the last two years, there has been progress in terms of increasing financial inclusion and the use of bank accounts, especially after government decisions regarding increasing the use of electronic payment,” said Ali Tariq, executive director of the Association of Private Banks, in a statement to the official agency and followed by “Economy News.”
He pointed out that “there are many citizens who have bank cards or bank accounts and the start of using electronic payment is clearly and gradually increasing, and all of these are reflected in the financial inclusion rate, which has risen according to the latest Central Bank data to 48%.”
He added: “Our ambition in the next phase is to increase financial services and be directed not only in city centers but also in villages and rural areas so that there are financial services that include the largest possible class of society.”
On Friday, Prime Minister Mohammed Shia Al-Sudani issued several directives to expand financial services in the governorates.
The Prime Minister’s Information Office stated that “within the framework of the efforts to reform the financial and banking system, as one of the priorities of the government program, and given the important steps achieved during the past two years, and in light of the challenges witnessed by the financial and banking system, especially in the governorates, and since confronting them requires greater attention and radical improvements to ensure the strengthening of confidence in the financial and banking sectors, facilitating the process of economic development, increasing financial inclusion and raising its indicators throughout the country. Because most of the events were concentrated in the capital Baghdad, Prime Minister Mohammed Shia Al-Sudani directed a number of steps in this regard:
1. Increasing the number of banking branches in the governorates to meet the needs of the local population, and in a way that contributes to expanding the scope of financial services, while paying attention to buildings, their modernity and providing their basic requirements.
2. All banks in the governorates must adopt modern technologies such as online banking services and mobile applications, making it easier for citizens to access their banking services easily.
3. Emphasizing on banks the importance of developing their financial services commensurate with the needs of individuals and small companies, such as soft loans and savings accounts.
4. Enhancing financial inclusion in the governorates by providing banking services to different categories of society, including districts and areas in villages and rural areas.
5. Launching conferences and awareness campaigns in the governorates, to educate citizens about the importance of dealing with banks and how to manage and invest funds properly.
6. Organizing workshops to train young entrepreneurs and local entrepreneurs on how to deal with loans and financial services.
He added that “the Ministry of Finance, the Central Bank of Iraq, and the associations of Iraqi private and Islamic banks will coordinate with the offices of governors to complete the above tasks according to competence and responsibility, and submit quarterly reports (every three months) to the Prime Minister’s office on the progress of work on the steps mentioned above.”
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Added 2024/11/09 – 10:35 AM
JUDY NOTES: RV REDEMPTION APPOINTMENTS, 9 NOV
Fri. 8 Nov. 2024 RV Redemption Appointments
- Gesara’s Operation Phoenix, which reclaimed wealth from the c*****t elite and restored it to The People, began it’s e*******n stage in early November.
- Commander In Chief Trump’s elite military units and specialized financial teams were dismantling key c*****t banking nodes in Zurich, London and Hong Kong. They began arresting high-profile bankers and corporate operatives and seized their assets.
- Redemption Centers across the nation have received critical upgrades to ensure a secure exchange process. Each center now operates with Quantum Shielding Technology, preventing any external interference or surveillance attempts. Developed in top-secret military labs, this technology ensures that only those approved through the QFS can enter, protecting participants from D********e actors attempting to disrupt the wealth transfer.
- Participants signing Non-Disclosure Agreements (NDAs) must now verify their identities through advanced biometric signatures, including fingerprint and retina scans.
- These security measures link directly to Quantum Access Cards, further securing each participant’s funds and ensuring only genuine participants are permitted within the QFS.
- The Quantum Access Cards, were essential for accessing funds under GESARA.All cards are equipped with Real-Time Surveillance Deterrents (RTSDs), which detect any attempt to access the card outside QFS’s secure environment. If tampered with, the card immediately encrypts all data, remaining locked until receiving a signal from a Quantum Communication Hub.
- In recent weeks there has been full integration of Starlink satellites with the QFS, creating a powerful Q-Grid.
- This global network of Quantum Communication Hubs now spans eight strategic U.S. regions and other key global locations, connecting Redemption Centers and Quantum Access Cards under an unbreakable encryption shield accessible only by the QFS.
- All GESARA announcements (including notification for appointments) will be delivered through the EBS without obstruction by m**************a or D********e interference.
- When the time comes for the GESARA announcement, Starlink will activate the EBS through the Q-Grid, transmitting real-time updates to every participant. This bypasses traditional media outlets, delivering unfiltered truth to the people directly.
Iraq asserts opposition to using its airspace for attacks on Iran, 9 NOV
Iraq asserts opposition to using its airspace for attacks on Iran
Shafaq News/ On Saturday, Iraq’s National Security Advisor Qasim al-Araji met with the Iranian military attaché in Baghdad, Major General Majid Gholi Pour, at his office.
According to a statement from Al-Araji's media office, “the two discussed enhancing the security and stability of both countries, activating memorandums of understanding for border control, and continuing cooperation in combating terrorism and smuggling.”
Al-Araji reaffirmed “Iraq's firm stance against the use of Iraqi airspace to attack Iran or any other neighboring country,” referring to Israel's recent use of Iraqi airspace in its assault on Iran.
TIDBIT FROM BRUCE, 9 NOV
BRUCE
Thurs. 7 Nov. 2024 Bruce: Tier4b (us, the Internet Group) should receive notification to set appointments over the weekend.
Exchanges should start on Tues. 12 Nov
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...