Iraqi Private Banking Sector Sees Growth in Deposits, 3 DEC

 Iraqi Private Banking Sector Sees Growth in Deposits

The Iraqi private Banks League (IPBL) has suggested a good sized upward push in banking quarter deposits over the last years, crediting the government’s cognizance on digital transformation and electronic payment systems.

however, IPBL executive Director Ali Tariq told the country-run  that 75% of Iraq’s money deliver remains outdoor formal banking channels, underscoring the want to bolster public believe in monetary establishments.

Tariq known as for closer collaboration with the imperative financial institution of Iraq (CBI) and the introduction of aggressive investment programs to draw extra depositors. He emphasised that enhancing Iraq’s digital payment infrastructure is prime to modernizing the financial system, facilitating smoother transactions between residents, agencies, and government offerings.

whilst acknowledging progress, Tariq urged faster, coordinated efforts to integrate more citizens and organizations into the formal monetary machine to release the world’s complete potential.

TIDBITS FROM FRANK26, 3 DEC

  Frank26 

  America First Credit Union member may visit select branches to exchange up to $5000.  There is a $10 transaction fee if you exchange more than $300 and a $20 fee for exchanges under $300...Do your work..Look these places up and learn about their services

 Not every bank is going to be able to do this.  Not every Chase Bank has the ability because maybe they're mom and pop bank.  Certain banks have been designated to do this...

People don't realize there are places they can exchange...People are so scared, 'I don't know where to go...'  When this thing happens it's going to be so hot..

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

 

Iraq holds 1st meeting for national strategy for rule of law, Kurdistan Region participates, 3 DEC

Iraq holds 1st meeting for national strategy for rule of law, Kurdistan Region participates

Shafaq News/ Iraq’s Justice Minister Khalid Shwani chaired the first meeting of the Committee responsible for developing a national strategy to strengthen the rule of law and justice. 

The meeting was held at the Ministry of Justice and included representatives from both the federal government and the Kurdistan Regional Government, as well as a representative from the Investigator Organization for the Rule of Law (I.O.L). 

According to a statement from the Government Communication and Media Office, the meeting focused on the Iraqi team's work to implement the National Strategy for the Rule of Law and Promoting Justice for 2025-2030. 

“The strategy aims to instill democratic values post-2003 and reflects the state’s policy across all institutions,” Shwani said, stressing the importance of transparency in the relationship between the state and citizens.

“The adoption of a strategy to strengthen the rule of law requires enacting laws that guarantee citizens can exercise their legitimate rights.”

The minister added that Iraq is taking significant steps to improve its international standing by fulfilling its commitments to protect political, civil, and social rights. This includes regularly submitting reports to the United Nations Human Rights Council, and adhering to specified timelines.

DINAR REVALUATION REPORT: UPDATES ON IQD & GLOBAL FINANCE, 3 DEC

 UPDATES ON IQD & GLOBAL FINANCE

Summary

Exciting updates on Iraqi Dinar and global finance, including new international banking systems and insights on the Iraqi economy’s growth potential.

Highlights

• 🌍 International credit/debit cards could simplify cross-border transactions.
• 💳 The Trade Bank of Iraq’s new Visa card offers advanced features for international use.
• 🇺🇸 Trump warns BRICS nations against undermining the US dollar’s dominance.
• 💱 Redemption centers may offer varying exchange rates for the Iraqi Dinar.
• 🏦 Not all banks will process Dinar exchanges; research is essential.
• 🌟 Baghdad aims to become the Arab world’s tourism capital by 2025.
• 🎉 Iraq celebrates Victory Day on December 10, 2024, marking resilience against terrorism.

Key Insights

• 💳 International Financial Revolution: The introduction of international credit/debit cards could streamline global transactions, enhancing economic connectivity. This innovation can significantly ease the complexities of currency exchange for travelers and businesses alike.
• 🌐 Trade Bank of Iraq’s Visa Card: The new Visa card is designed for international use, promoting seamless transactions across borders, which could boost confidence in Iraq’s financial system and attract foreign investments.
• 🔒 US Dollar’s Resilience: Trump’s stern warning to BRICS nations emphasizes the importance of the US dollar in global trade, highlighting the potential consequences for countries attempting to shift away from it. This reflects the ongoing geopolitical dynamics affecting currency stability.
• 💰  >Exchange Rates at Redemption Centers: The variance in exchange rates at redemption centers underscores the need for strategic planning for Dinar holders. Individuals with specific arrangements may benefit, while others may receive standard rates, making it crucial to be informed.
• 🏦 Research for Dinar Exchanges: Not all banks are equipped to handle Dinar exchanges, necessitating thorough research by holders to ensure they choose the right institutions, particularly as the demand for exchanges increases.
• 🌆 Baghdad’s Tourism Goals: The push for Baghdad to become the Arab tourism capital by 2025 indicates a proactive approach to economic revitalization, promising to enhance Iraq’s international image and attract much-needed investment.
• 🎊 Significance of Victory Day: The upcoming Victory Day serves as a poignant reminder of Iraq’s resilience and progress, fostering national pride and unity, while also marking a pivotal moment in the country’s ongoing recovery and development.

Historic Dinar Revaluation Confirmed by Trump! 🎉 @DINARREVALUATION #iraqidinar #iraqidinarinvestor

 

Iraqi Parliament begins voting on Personal Status Law amendments, 3 DEC

Iraqi Parliament begins voting on Personal Status Law amendments

Shafaq News/ Iraq’s Parliament began, on Monday, voting on amendments to the Personal Status Law, following months of political, public, and legal debates over the provisions to be revised.

Earlier today, the Parliament held a regular session with a full agenda that included votes on the Personal Status Law, a general amnesty Law, and the Restitution Property Law — issues that continue to provoke political controversy.

 

The amendments to the Personal Status Law have been the subject of intense discussion, with various political and civil society groups expressing differing opinions on the proposed changes regarding marriage, divorce, inheritance, and child custody