Between Rapid Growth And Stagnation...An Economic Analysis Of Electronic Payment Numbers In Iraq, 2 DEC

 Between Rapid Growth And Stagnation...An Economic Analysis Of Electronic Payment Numbers In Iraq

 
Economy ​ 11-29-2024, 15:32 |Baghdad today – Baghdad  Economist Manar Al-Obaidi confirmed today, Friday (November 29, 2024), that
 
electronic payments have increased this year according to Central Bank data, suggesting that
 
local electronic transactions will likely reach 21 trillion dinars. Al-Obaidi said in a post on Facebook, followed by Baghdad Today, that
 
“electronic payments rose in 2024 according to Central Bank data,” noting that
 
“it is expected to reach 21 trillion dinars in local electronic transactions and that the volume of foreign electronic transactions will reach Iraqi cards cost between 15 and 20 trillion annually in the same year.”

He added, "The total internal and external electronic payments will reach between 30 to 40 trillion dinars.
 
In contrast, there is a decrease in the size of current deposits from 107 trillion at the end of 2023 to 102 trillion in 2024," pointing out that
 
"there is a decrease in the size of private sector deposits (including citizens)." From 56.55 trillion dinars in 2023 to 56.17 trillion in 2024".

He continued,  "The value of cash in the banking sector reached 8.1 dinars for every 100 dinars exported in 2024 only, compared to 6.75 dinars for every 100 dinars exported in 2023," stressing that
 
"if all electronic payment incentives cannot increase the volume of current and private deposits in the banking sector and cannot... “As the monetary supply within the banking sector increases significantly, what is the benefit achieved by electronic payments?” Al-Obaidi wondered,
 
 “Why, despite the increase in payments, the citizen’s confidence in the banking sector has not increased, and he still puts in his bank account what covers electronic payments that he cannot pay exclusively with cash, specifically government ones?
 
Is there a need to increase mechanisms to
 
     stimulate electronic payment to increase electronic transactions, or is it a necessity to work?” To
 
     increase confidence in the banking sector, and then electronic payment will be one of the outcomes of increasing this confidence?    https://baghdadtoday.news/262956-بين-النمو-المتسارع-والركود.-تحليل-اقتصادي-لأرقام-المدفوعات-الإلكترونية-في-العراق.html   

SANDY INGRAM CC HIGHLIGHTS NOTES, 2 DEC

 SANDY INGRAM CC HIGHLIGHTS NOTES

Summary

Trump warns BRICS nations not to challenge the US dollar, asserting that any attempt will lead to severe consequences, including tariffs.

Highlights

• 🚨 Trump issues a fiery warning on social media regarding BRICS.
• 💵 Claims the US dollar is irreplaceable in global trade.
• 💥 Threatens a 100% tariff on countries moving away from the dollar.
• 📈 BRICS nations are urged to abandon currency alternatives.
• 🏦 Iraq holds over $100 billion in US reserves, complicating the situation.
• ❌ Any nation trying to replace the dollar faces dire consequences.
• 📢 Trump’s message echoes a strong stance against economic rivals.

Key Insights

• 🌍 Global Economic Power Dynamics: Trump’s warning underscores the dominance of the US dollar in international trade and the geopolitical implications of any alternative currency attempts.
• 🔒 Economic Security: The threat of tariffs serves as a powerful deterrent, reinforcing the idea that economic relations are tied to loyalty to the dollar.
• 📊 BRICS Response: The BRICS countries face a challenging decision: pursue economic independence or risk severe economic backlash from the US.
• 📉 Iraq’s Financial Position: Iraq’s significant reserves in US banks highlight the complexities for nations caught between BRICS ambitions and US economic hegemony.
• ⚠️ Potential Economic Fallout: Trump’s aggressive stance suggests that any shift away from the dollar could destabilize international markets and economic relations.
• 🔥 Rhetorical Strategy: By framing the message dramatically, Trump aims to rally support and instill fear in potential challengers, showcasing the high stakes of global currency competition.
• 📅 Future of Global Trade: This warning sets the stage for future discussions on currency, trade partnerships, and the potential for a reshaping of global economic alliances.

🔥WOOOOOOOOOOOOOOOOOOOW🔥 Trump's Bold Move: Iraqi Officials' Billions Seized! @DINARREVALUATION #iqd

 

Warning About Canceling The Electronic Platform: It May End The Banking System In Iraq, 2 DEC

 Warning About Canceling The Electronic Platform: It May End The Banking System In Iraq

 
November 30, 2024  Baghdad/Iraq Observer  The Central Bank of Iraq intends to cancel the “electronic platform” for financial transfers early next year.
 
The researcher and specialist in financial and banking affairs, Mustafa Hantoush, says that the Central Bank of Iraq, by not finding real solutions for remittances and moving towards topping the platform (Fitr) and handing over the Iraqi dollar to (4) banks owned by investors and banks ( Jordanian and Gulf), will fire the coup de grace on the entire Iraqi banking system. Hantoush added during his speech to the Iraq Observer,

 “The banking system in Iraq as a whole will become punished, which will lay off approximately (100) workers in the Iraqi private banking sector for the benefit of Jordan and the Gulf countries.”

He continued,  “He may demand social welfare for them, and the stability of the exchange rate will become difficult due to the monopoly of the dollar by those banks, and it may cause new fluctuations in the exchange rate.”

The financial expert continues, “Thus, the   Central Bank of Iraq is failing in one of   the most important banking policies, which is the policy of achieving competition in the banking sector and preserving banking sovereignty.

Thus,  we call on the Central Bank to provide certain solutions, including extending work on the (Fitr) platform in coordination with the new administration of the United States of America.”

He continues by saying,  “Iraqi banks must be guaranteed to open accounts in dollar-denominated correspondent banks (Citibank/GBMorgan), as the countries of the region have done.”

JULIAN ASSANGE : ABOUT THE MED BEDS, 2 DEC

 JULIAN ASSANGE 

ABOUT THE MED BEDS

WED. 27 NOV. WHAT WILL MED BED DISCLOSURE LOOK LIKE, Skye received this info from Military running the Med Bed disclosure operation.

· SCOTUS is supposed to announce the Brunson results, which will trigger the release of the website for phone numbers to book Med Bed appointments. Skye will be given the info and will pass it on to us.

· About a week after the Brunson announcement, Kerrie-Ann will then be asked to do her Live-Streamed Med Bed procedure.

· The entire time the procedure is happening the camera will be on Skye in the Med Bed. We will actually see the changes in real time! (Now that blew my mind!

· When the filming of Skye stops, the live stream will continue for 10 hours.

· The name of each country, worldwide in alphabetical order will be shown on the screen with the phone number for their Med Bed appointments.

· THAT IS THE FULL DISCLOSURE OF THE MEDBEDS TO THE PUBLIC. This will run continuously for 10 hours.

· We WILL have the numbers before this happens.

MAJEED: Iraq is done & Ready to roll the new rate tomorrow GOLDEN AGE IS COMING!! @DINARREVALUATION

 

Speculators, Crisis Traders, And 1,200 “Unlicensed” Money Exchange Shops..The Reasons For The Fluctuation Of Dollar Prices In Iraq, 2 DEC

 Speculators, Crisis Traders, And 1,200 “Unlicensed” Money Exchange Shops..The Reasons For The Fluctuation Of Dollar Prices In Iraq

 
Economy ​ 11-28-2024, |Baghdad today – Baghdad  Today, Thursday (November 28, 2024), economic expert Samir Al-Nusairi revealed the reasons for the fluctuation in the exchange rate of the US dollar in stock markets, while confirming the existence of 1,200 unlicensed money exchange shops.

l-Nusairi told “Baghdad Today” that “once again the fluctuation in the exchange rate of the US dollar is back to the fore, and this time by speculators and merchants of crises and wars, exploiting the war that the Zionist entity is currently waging against our people in Palestine and Lebanon and the confusing security conditions resulting from that.”

He added, "The continuation of this problem from time to time can be attributed to several reasons, including before 2023 the
 
     lack of control over the regulation of foreign trade financing, the
 
     lack of a clear trade policy, the
 
     intertwining of policies, and the
 
     lack of an annual import program for the private sector in quantities and amounts. Rather, imports are open and without controls." For external transfers. He pointed out that "the
 
     lack of control over illicit imports and unofficial border crossings, in addition to the presence of about

  1,200 currency exchange shops spread across all governorates that are not licensed by the Central Bank , deal in cash dollars, and about
 
     12,000 outlets for disbursing the salaries of retirees and social welfare deal in trading it at the exchange rate on the black market.". 

He pointed out that   "most of the merchants who obtain the US dollar at the official rate from the Central Bank, but sell their goods in the local market at the black market price, as well as the  absence of global correspondent banks previously that deal with our banks and no accounts were opened for them in the currencies of the countries with which we have extensive trade exchange." Such as China, India, Turkey and the Emirates.

He explained that "the   failure of merchants and some banks to adhere to international banking standards that guarantee the dollar's access to the final beneficiary, so the
 
efforts of the Central Bank and the government in 2023 focused on drawing up a strategy for financial and banking reform for the purpose of controlling the stability of the exchange rate."

He explained, "Among the axes of this strategy are
 
     organizing the financing of foreign trade,
 
     building new international understandings with international banks, and
 
     opening accounts for our banks in correspondent banks, where
 
     more than 30 accounts have been opened with American, Chinese, Emirati, Turkish, and Indian banks.

We expect that the number of banks will increase over the next two months." Iraqi women who have accounts in correspondent banks due to the efforts made by the Central Bank to provide aid and assistance to them and coordinate with the targeted correspondent banks.”
 
The dollar exchange rates in local markets witnessed a state of fluctuation during the current week between rises and falls, which created a state of confusion among citizens.   
 
https://baghdadtoday.news/262905-مضاربون-وتجار-أزمات-و1200-محل-صرافة-غير-مجاز.-أسباب-تذبذب-أسعار-الدولار-في-العراق.html