Prime Minister: Iraq is a militarily advanced country, 4 dec

Prime Minister: Iraq is a militarily advanced country

Baghdad - INA

Prime Minister Mohammed Shia al-Sudani confirmed, today, Wednesday, that Iraq possesses advanced military capabilities while indicating that the ministerial reshuffle is one of the principles of the government program and its goal does not target any party or person.

The media department of the Council of Representatives said in a statement received by the Iraqi News Agency (INA): "The Council of Representatives hosted in the nineteenth session of its second legislative term, the third legislative year of the fifth electoral cycle, headed by the Speaker of the Council Mahmoud Al-Mashhadani today, Wednesday, with the attendance of 183 representatives, Prime Minister Mohammed Shia Al-Sudani and the accompanying ministerial team."

At the beginning of the session, Al-Mashhadani welcomed Prime Minister Mohammed Shia Al-Sudani and the Ministers of Foreign Affairs, Planning and Interior, based on his request to devote their presence to the Council session to discuss the challenges of the events in sisterly Syria and their repercussions on Iraq and the region.

The Prime Minister stressed that "the Zionist entity has exceeded all international norms and covenants by practicing genocide against the Palestinian people," noting that "Iraq's position is firm and clear in all forums in its solidarity with the Palestinian cause, which represents the conscience of all Iraqis, and emphasizing the importance of calm during the meetings and contacts it held, not expanding the arena of conflict, and keenness on Iraq's principled position and the supreme interest of the country, in addition to Iraq's humanitarian aspect by helping the people of Gaza and establishing the Gaza and Lebanon Reconstruction Fund."

He pointed out, "Iraq's natural right to ensure and strengthen the security of its borders and to emphasize national unity to preserve the security of Iraq, its people and its system," stressing that "Iraq possesses advanced military capabilities, in addition to being part of the international coalition to combat terrorism."

He pointed out, "The content of the agreement with the coalition to end the foreign military presence in Iraq permanently in September 2025, and the Kurdistan Region in September 2026, relying on the belief in the unity of the Iraqi people in facing challenges."
Regarding amending the general budget law, Al-Sudani touched on, "the importance of amending the law to address the issue of marketing oil from the Kurdistan Region, especially the article related to production and transportation costs," indicating that, "Iraq bears a daily fine for not exporting oil to the port of Ceyhan according to an agreement with the Turkish side."

He pointed out that, "the amendment of the article comes in cooperation with an international consultant to resolve the file between the federal government and the Kurdistan Regional Government," calling on the House of Representatives to "expedite the amendment of the federal general budget law for the fiscal years 2023, 2024, 2025."

Regarding the government program, the Prime Minister explained that "the ministerial reshuffle is one of the principles of the government program and its goal does not target any party or person, but rather it was included according to professional standards for each ministry. The government is in the process of reshuffling in two stages, but the reason for the failure to proceed with it is the lack of approval of some parties of the political forces that formed the government on the mechanism for the reshuffle," adding that "the priorities of the government program include strategic projects and programs with a completion rate of 62%."

He called on the House of Representatives to "legislate important laws such as the Aviation Authority Law, the Economic Reform Law, the Arbitration Law, the Securities Law, and the Intellectual Property Law."

TIDBITS FROM BRUCE, 4 DEC

 Tues. 3 Dec. 2024 Bruce

• We got information over the weekend that we’d be going any day now.

• We get our information from five different leaders and they are now under NDAs.

• When you access the 800 number you will be transferred to a Redemption Center according to your zip code number.

• Redemption Centers have the best rates, so be sure and exchange at a valid Redemption Center, not a bank.

• You don’t have to have a Humanitarian Project to get the Contract Rate on the Dinar. Ask for the Contract Rate on the Dinar. It is much better than the front or back screen rates – way higher.

• A lot of the Redemption Centers are no longer able to communicate. They had new NDA’s signed yesterday Mon. 2 Dec. and today Tues. 3 Dec.  Some Redemption Centers have had their numbers removed.  

• Iraq had a new rate on the Dinar last Sun. 1 Dec. 2024.

• The entire country of Iraq is now functioning on the lower denoms. They are out and being utilized, with changed prices.

• The Dinar rate in Iraq is very good but is supposed to go up tomorrow Wed. 5 Dec. 2024.

• We’ve heard from four or five different sources that the new rates are supposed to come out tomorrow Wed. 4 Dec – on the Dinar, Dong, Rupiah, with exchanges on Thurs. 5 Dec.

https://dinarchronicles.com/2024/12/04/restored-republic-via-a-gcr-update-as-of-december-4-2024/

MAJEED: They have to open 2025 budget to pay their salaries @DINARREVALUATION #iraqidinar

 

Visa Launches Tap to Phone Technology in Iraq, 4 DEC

 Visa Launches Tap to Phone Technology in Iraq

In cooperation with the Moroccan Electronic Monetary Association

 Visa, a global leader in digital payments, has launched  “Tap   to Phone” technology in partnership with the Maghreb Electronic Money Association (S2M) to empower small and medium-sized businesses in Iraq with solutions to accept digital payments at a low cost.

The Maghreb Electronic Money Association’s Mobile Tap solution, which uses Visa’s Tap to Phone technology, enables merchants using Near Field Communication (NFC)-enabled Android devices to accept contactless payments simply by downloading a dedicated app. The collaboration aims to revolutionize the payments landscape by enabling merchants to seamlessly accept payments using their smartphones without the need for additional hardware investment.

“We are delighted to partner with the Maghreb Electronic Money Association to launch Tap to Phone in Iraq. This strategic collaboration is in line with our commitment to enhance financial inclusion for small businesses by providing digital payments capabilities at a lower cost,” said Leila Serhan , Vice Chairman and Regional Head of Corporate Business Leadership for North Africa, Levant and Pakistan at Visa.

This innovative solution enables retail outlets to develop and improve the payment experience for consumers. Service staff at store fronts can support consumers to make payments easily without having to stand in queues at the cashier, which means a better customer experience.”

Mobile Tap provides SMEs with the option to accept digital payments at a lower cost, paving the way for greater participation in the digital economy. This innovative approach eliminates the need for traditional POS terminals and can help facilitate a better consumer experience in payments. The solution provides merchants and customers with greater convenience and flexibility during transactions.

The Mobile Tap service empowerment reflects S2M ’s unwavering commitment to empowering merchants through innovative software and technology, significantly enhancing the commerce experience for all. “This strategic alliance presents a great opportunity to elevate the level of digital payment solutions available and promote financial inclusion across Iraq, ensuring that all consumers and merchants can participate and thrive. Over the past decade, we have witnessed the incredible potential for innovation and growth within the Iraqi market, and we are committed to supporting its dynamic payments ecosystem,” said Mohamed Amarti Rifi, S2M Executive Vice President.

As a network that works for everyone, everywhere, Visa’s mission is to advance digital commerce for the benefit of consumers, businesses and economies across Iraq. This strategic collaboration aligns with Visa’s goal of enabling more payment acceptance points using cutting-edge technologies such as Tap to Phone to support small businesses with digital payments capabilities at a lower cost. link

JUDY NOTE, 4 DEC

 JUDY NOTE

Possible Timing

• At any moment Tiers 3 and 4a/b (including the Internet Group) were expected to receive notifications to schedule redemption appointments. 
• Bondholders in Tiers 1 and 2 have already received their funds, but are under NDAs. …G***o TV on Telegram Tues. 3 Dec. 2024

DINAR REVALUATION HIGHLIGHTS!!: THE RV IS IMMINENT

CBI to print 30 billion dinars in order to withdraw old banknotes, 4 DEC

  CBI to print 30 billion dinars in order to withdraw old banknotes

The Central Bank of Libya (CBL) has announced signing contracts to print 30 billion dinars to replace the old currency, saying the old banknotes will be withdrawn "smoothly" at a later-set date. 

This came during a meeting held by the Governor of the Central Bank, Naji Issa, to review the plan of the Central Bank of Libya to solve the problem of cash shortages.

During the meeting, it was agreed to raise the ceilings for immediate payment at the level of individuals and merchants to 20,000 dinars for a single transfer for individuals, and 100,000 for a single purchase transaction.

The Central Bank also revealed in the statement the launching of a new service for transfers between companies with a ceiling of one million dinars for a single transfer.

According to the statement, Issa ordered the directors of the departments concerned with the Central Bank of Libya, the liquidity team, and banks suffering from a liquidity shortage, to manage according to the plan approved by the Board of Directors to solve this problem gradually and radically starting from January 2025.

The Governor also stressed the need to improve and develop the infrastructure of banks in order to achieve the expansion of electronic payment services according to the prepared plan. link