Parliamentary Finance: Digital financial transformation will eliminate corruption and money laundering , 28 DEC

   Parliamentary Finance: Digital financial transformation will eliminate corruption and money laundering

12/24/2024  Baghdad - WAA - Wissam Al-Mulla

The Parliamentary Finance Committee confirmed, on Friday, that the digital financial transformation will eliminate corruption and money laundering.

The head of the committee, Atwan Al-Atwani, said in a statement to the Iraqi News Agency (INA), "The digital transformation in the financial aspect has become essential and very important to achieve a qualitative shift in sustainable development, and through applications it is possible to provide many job opportunities and provide cash liquidity to the Ministry of Finance."

 He added that "banking needs a qualitative shift, considering that digital transformation eliminates corruption and gets rid of money laundering," explaining that "digital transformation is not a luxury, but rather essential to keep pace with the global development that is proceeding rapidly in this field."

During the fourth annual international scientific conference, entitled (Digital Financial Services - Challenges of Reality and Future Foresight), which was organized last Tuesday, the Ministry of Finance announced that it has made great strides in digital transformation and electronic payment, while indicating that progress has been made in the field of automating customs procedures to ensure financial sustainability and economic diversification.  LINK

TIDBITS FROM KAPERONI, 28 DEC

 Kaperoni  

 Question:  "Rumor is that the dinar has RV'd.  Have you anything to say about those rumors?"

   Kaperoni:  Currencies of a country are not some lottery ticket. 

They represent a country, and if a currency is ever going to go up in value, it will be based on the success and economic growth of that country. 

  Iraq is trying to rebuild their country and diversify their economy.  Iraq has made a lot of progress over the years rebuilding, but still has a ways to go.

 If Iraq can create a market economy, and diversify away from oil, we may see some improvement in the value gradually as a result. But there is no significant RV like the gurus talk about.

MAJEED: IRAQ IS ADJUSTING SALARIES WITH THE NEW RATE & STABILIZING THE I...

The Central Bank of Iraq honors the members of the Issuance and Treasury Department on their career day , 28 DEC

 The Central Bank of Iraq honors the members of the Issuance and Treasury Department on their career day

December 26, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, sponsored the first annual celebration for the employees of the issuance and treasuries in the bank and its branches.

The ceremony witnessed the honoring of the employees who won a symbolic shield in appreciation of their distinguished efforts, by the Governor, the Deputy, the Director of the Issuance and Treasury Department, and the branch managers.

His Excellency the Governor praised, during a speech on the sidelines of the celebration, the contributions of all employees of the Central Bank of Iraq, especially the employees of the Issuance and Treasury Department, whose work nature and positions differ from other departments and sections.

His Excellency stressed that we had previously directed to hold a special celebration for the employees of the issuance and treasuries, and this comes in appreciation of their great efforts in the process of sorting, printing, and issuing currency and other basic tasks of their work. 

Central Bank of Iraq
Media Office
December 26, 2024

https://cbi.iq/news/view/2747

FIREFLY: ON TV ARE TALINK ABOUT THE ADJUSTMENT NEEDED TO HAVE A NEW EXCHANGE RATE!!, 28 DEC

 Frank26   

[Iraq boots-on-the-ground report] 

 FIREFLY: Television is talking about the discussion for adjustment to have a new exchange rate.  Can you believe that Mr. Frank?

  Every day they tell us they're going to give us a new exchange rate...You know why they're telling us they're going to give us a new exchange rate?  They say since the auctions are stopping.  

FRANK:  Tell parliament to moooove over...The cash cow is coming to an end... It's coming, that's all there is to it.

MAJEED: IF YOU KNOW HOW MUCH WAS THE SALARY PAYMENT, YOU WILL KNOW THE NEW RATE OF THE DINAR!!

 

Faleh Al-Fayyad: We are under the command of the Joint Operations Command. And we don’t care who doubts, 27 DEC

 Faleh Al-Fayyad: We are under the command of the Joint Operations Command. And we don’t care who doubts

The head of the Popular Mobilization Commission, Faleh Al-Fayyad, spoke about the conditions of arming the crowd, as well as the fact that the latter does not touch any real threat at the moment, in conjunction with what is happening in Syria.

This came in his speech during the launch of the central memorial forum on the anniversary of the killing of the leaders of victory in Diyala, where he said that the goal of defending the homeland is to defend religion, sanctities and people and prevent injustice, as “the crowd defended the homeland and was pioneers in spreading the spirit of victory and jihad.”

Al-Fayyad added: “We do not care who is suspicious and doubt, and we are under the command of joint operations and the general command of the armed forces,” noting: “We are fully prepared to face any danger and we are not currently facing any real threat.”

Al-Fayyad said that the crowd was built under fire away from the classical cadres, noting that “the readiness for sacrifice is the secret of the strength of the popular mobilization.”

Al-Fayyad considered that “the conditions of arming the popular crowd are very difficult and now we have creative manufacturing lines with the Military Industrialization Authority.”

Al-Fayyad explained: “We are working to possess a weapon that enables us to defend the homeland and not fight battles in other countries,” as “the popular crowd is more than a quarter of a million fighters.”

Al-Fayyad claimed that “all the Iraqi people feel that the Popular Mobilization is their crowd.”

https://aljeebal.com/posts/2691