This is a bank story at the next level. It's no longer a scam.
It's no longer they don't want to talk to you. It's, we want to talk to you as quickly as possible.
MR. DON: Mid-summer...
I had a small and seldomly active account...I brought up the subject of the dinar and the fact that I thought it was going to be a significant increase in value...
She said, I've heard some chatter about that and I've had a number of customs come in and inquire.
I'm not sure what's going on...I asked her, any event that occurs do you expect you would be involved in exchanging?
"In a world increasingly defined by digital finance, Iraq has taken a transformative step with the Digital Payment Regulation No.2 of 2024. This landmark policy marks more than just regulatory progress; it signifies a realignment of Iraq’s financial infrastructure with global standards."
Iraq is aligning their Banks with Digital Global Standards as seen in their new digital payment regulation below. It is important to note that the US is doing something very similar. This new standard will help Iraq govern their new digital banking system.
Digital Payment Regulation No.2 of 2024 in Iraq is intended to help the country's financial sector align with global standards and reduce its reliance on cash. This regulation will help create a more transparent and secure financial system that could make Iraq more attractive to foreign investors.
The regulation also requires entities that offer electronic payment services to obtain a license from the Central Bank of Iraq (CBI). These licenses are valid for ten years and can be renewed upon request and approval.
Digital Payment Regulation No.2 of 2024 helps align a country's digital payment system with global standards by establishing clear regulations and oversight for large digital payment providers, ensuring consumer protection, combating fraud, and promoting consistency in how digital payments are handled across different markets, effectively bringing them "in line" with international practices.
The Consumer Financial Protection Bureau (CFPB) in the US has implemented a similar regulation, "Digital Payment Regulation No.2 of 2024," which aims to bring large digital payment apps under their regulatory umbrella, ensuring consistency with global practices and protecting consumers. This has reached the Final Rule stage which means it is in process of being implemented into law this month.
"Iraq now possesses advanced infrastructure capable of accommodating electronic payment tools and financial services. We will soon transition to digital banks, where smartphones will drive various banking operations."
In other words, Iraq is restoring their banking system (monetary policies) to a former state of alignment with the Global Economy.
Vietnams Trade surplus has strengthened and they will be pushed to increase the value of their currency.
Their currency just isn’t strong enough which allows them an unfair advantage in international trade.
Article: “Vietnams soaring US trade surplus stokes new fears of Trump’s tariffs” Will they scale back in trade or will they “raise the value” of the dong in comparison with the dollar? Leveling the playing field. They are actively talking about raising the value of their currency.
Baghdad.. Exchange Rates Record 152 Thousand Dinars Per Hundred Dollars
Money and business Economy News – Baghdad ]The dollar price witnessed a rise with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 151,000 dinars for every 100 dollars.
The selling price in exchange shops in local markets in Baghdad was recorded at 152,000 dinars, while the buying price was 150,000 dinars for every 100 dollars. Views 61 Added 12/07/2024 - https://economy-news.net/content.php?id=50613
Exciting updates on Iraq’s Hydrocarbon Law suggest significant progress may be achieved within three days, raising hopes for economic stability.
Highlights
🚀 Exciting Updates: Major news surrounding the Hydrocarbon Law is generating optimism among Iraqis.
⏳ Cusp of Progress: Contacts believe we may see significant advancements in just three days.
📜 Legislative Movement: The Hydrocarbon Law is nearing finalization after years of contention.
🏛️ Political Consensus: Unprecedented agreement among political factions has emerged during recent negotiations.
✉️ Cultural Nuance:
Announcements often follow actions in Iraq, leading to speculation that the law may already be passed.
🎉 Symbolic Occasion: The timing aligns with Iraq’s Victory Day celebrations on December 10th, enhancing the anticipation.
🙏 Hope and Resilience: Iraqis are turning to prayer, expressing optimism for a transformative future.
Key Insights
🌍 Economic Potential: The Hydrocarbon Law is crucial for regulating Iraq’s oil and gas resources, aiming to boost the economy and improve public services.
💡 Unity and Stability: Passing the law could resolve longstanding disputes, particularly regarding revenue sharing with the Kurdistan Regional Government, fostering national unity.
🔄 Public Expectations: A sense of expectancy is palpable among Iraqis, highlighting their desire for stability and equitable resource management.
📈 Legislative Efficiency: Recent efficiency in Parliament signals a shift in momentum, increasing the likelihood of the Hydrocarbon Law’s passage soon.
🎊 Cultural Timing: The potential announcement coinciding with Victory Day emphasizes the significance of this moment for Iraq’s future.
🤲 Divine Guidance: Many Iraqis are seeking spiritual support as the nation approaches what could be a pivotal moment in its history.
🔮 Future Prospects: While uncertainties remain, the current atmosphere suggests that Iraq is on the brink of a new chapter defined by unity and prosperity.