EXCERPTS FROM MARKZ, 25 DEC

 EXCERPTS FROM MARKZ

MZ: Right now I have people who are absolutely positive it is happening this week. They are ending auctions in Iraq and I am being told it’s the 28th-which is a Saturday . I think the worst case scenario with People I know is somewhere between now and the 7th…or right after the inauguration.

MZ: Nobody knows the exact timing. Maybe 6-7 in the world may know- but we are not one of those.

Member: Banks - closing down for year end accounting purposes. Think they will RV then or wait until afterwards into 2025 for tax & Trump credit purposes?

Member: I was hoping for Christmas Day? They could send out notifications to book appts to cash in on 28 Dec

Member: Member Ariel just posted that tonight is a very logical night for RV to go.

Member: HOLLY has just reported that her sources suggest that the RV/GCR will initiate on JAN. 6th or 7th which is also Christmas to a lot of people.

MZ: Yes between here and there- I’m feeling good.

THOM SIELOFF: CBI FREEZING TERRORISTS FUNDS : Why is this happening now? @DINARREVALUATION

 

Governor of the Central Bank: We issued controls for licensing digital banks in Iraq, 25 DEC

 Governor of the Central Bank: We issued controls for licensing digital banks in Iraq

Economy News _ Baghdad

The Governor of the Central Bank, Ali Al-Alak, announced on Tuesday the launch of strategic projects to support digital transformation, while pointing out that the Central Bank has issued controls to license digital banks in Iraq.

Al-Alak said in a speech during the fourth annual international scientific conference, entitled (Digital Financial Services – Challenges of Reality and Future Foresight) and followed by “Economy News”, that “The conference was organized in partnership between the Financial and Accounting Center and a number of universities and academic institutions, which gives a picture aimed at discussing developments in the field of financial and digital services and the challenges they face in addition to foresighting the future of this vital sector.”
He added that “the world has witnessed since the late eighteenth century, four inventions that changed its face, the first with the invention of the steam engine, the second electric, the great production, and the third that occurred in the mid-twentieth century in the electronics and information technology revolution, which began in 2000, which focused on artificial intelligence, the Internet and robots, as well as huge information.”
He explained that “the Central Bank paid great attention to digital transformation as one of its goals within its third strategic plan for the years from 2014 to 2026 to enhance the efficiency of banking, improve financial performance and meet the needs of customers in light of rapid technological development. ”
He continued: “The Central Bank has taken great steps to support digital transformation by rotating the technical infrastructure and issuing regulations and instructions that contribute to enhancing financial inclusion,” pointing to “starting the launch of strategic projects, including the project of instant payments, local cards and unified payment gates, as well as issuing controls to license digital banks in Iraq, taking into account the requirements of cybersecurity and the risks associated with this transformation.”
He pointed out that “the objectives of the conference, which include identifying the current challenges of digital financial services, orientalising future trends and promoting innovation and cooperation with the relevant authorities, reflect the urgent need for joint work.”
He stressed that “cybersecurity is one of the most important challenges facing us today, so the Central Bank has launched projects to enhance cybersecurity through the development of cyber security management center tools and systems, and adopting an advanced approach to enhance the cyber security of the Central Bank and the banking sector.”
He continued, “Artificial intelligence and its role in the digitization of financial services has become a subject that cannot be ignored, as it opens new horizons for the innovation and improvement of services, and we at the Central Bank of Iraq believe that financial technology complements the future of the financial sector, which requires strengthening efforts to prepare national cadres capable of absorbing and developing these technologies,” stressing “the Central Bank’s commitment to continue its efforts to achieve financial digital transformation and promote innovation and sustainability in the financial sector.”

MAJEED: The council of minister approved sending funds to cover Kurdistan region salary shortfall, 25 DEC

 MAJEED

Here we go ; after they adjusted the payroll And launched the digital payment officially today in Iraq The council of minister approved sending funds to cover Kurdistan region salary shortfall for November and December LFGGGGGG The amount is not determined because it is based on the new rate LFGGGGGG

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#BREAKING: The Iraqi Council of Ministers has approved sending funds to cover the Kurdistan Region’s salary shortfall for November and December. However, the exact amount remains undecided, reports Zoom News’ Akam Fahmi from Baghdad.

MNT GOAT: THERE ARE MANY ARTICLES THAT SAY THAT IRAQ HAVE A RESTORED SECURITY & STABILITY!! #IQD

 

Iraq announces great strides in digital transformation, 25 DEC

 Iraq announces great strides in digital transformation

Economy News – Baghdad

The Ministry of Finance announced on Tuesday that it had made great strides in digital transformation and electronic payment, while pointing to progress in the field of automating customs procedures to ensure financial sustainability and diversification of the economy.

The representative of the Minister of Finance / Undersecretary of the Ministry, Ribaz Mohammed Hamdan, said in a speech during the fourth annual international scientific conference, entitled (Digital Financial Services – Challenges of Reality and Future Foresight), that “our conference today comes within the government efforts in the implementation of the government program, as digital financial services have witnessed a rapid development in recent years and modern technology has contributed to accelerating the financial process.”

He added that “the ministry has made great strides in the digital transformation, including money transfers, electronic payment, online loans and mobile banking services, which has increased the efficiency of accelerating financial transactions and reducing the need for cash transactions and providing services to people who do not have access to traditional banking services, noting that “innovation and development in this field have been promoted and ways of cooperation between the relevant authorities in the field of financial technology and discussed and reviewed the most prominent solutions related to cyber security and future risks in this sector and how to take precaution for those risks.”

He added that “the ministry has advanced in the field of automating customs procedures to ensure financial sustainability and the diversity of the economy in accordance with the principle of integrity, transparency and anti-corruption, and the implementation of programs in the Financial and Accounting Training Center to train employees on the use of new digital systems with the aim of enhancing digital skills in the ministry, improving financial performance and enhancing confidence in the financial system.”

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FIREFLY: "We're going digitally with a new rate" , 25 DEC

 Frank26

  [Iraq boots-on-the-ground report] 

 FIREFLY: All banks according to Mr. Sammy have stopped all cash transfers from today to January 7th as part of early inventory.  We have declared a two-day holiday on Christmas and then the next day.  This is the first time that we've ever done anything like that on Christmas.  

FRANK:  Soon you will have purchasing power for the first time in a long time.  

FIREFLY:  This will also mark the end of using or handling cash as ever before...We're going digitally with a new rate...