Thursday, February 6, 2025

REINALDO JC :the Article 12 of the General Budget was Passed Finally!! @DINARREVALUATION #iraqidinar

The Kurdistan Region launches January salaries through “Hesbab”, 7 FEB

The Kurdistan Region launches January salaries through “Hesbab”

Economy News _ Baghdad

The “Hesbi” platform announced on Thursday the start of the payment of January salaries to Kurdistan regional employees through the digital system.

The team responsible for the “Hesabi” platform confirmed in a statement seen by “Economy News” that January salaries will be distributed digitally today, in all governorates of the Kurdistan Region, where salaries will be transferred to the bank accounts of beneficiaries as of 8:00 am.

The statement explained that the number of beneficiaries of the disbursement process through “Hasbi” reached 275,000 employees, including 216,500 civil servants and 56,700 from the Peshmerga forces, and they will be able to withdraw their salaries through more than 550 ATMs distributed in more than 200 different locations throughout the region.

The platform added that the number of registrants in the “Hasabi” project so far has reached 720,000 employees out of a total of about one million employees receiving their salaries from the Kurdistan Regional Government, and 370,000 bank cards have been distributed to the beneficiaries of the service.

In this context, the Ministry of Finance and Economy in the Kurdistan Region announced the disbursement of January salaries, which were deposited in the bank accounts of the beneficiaries of the “Hesab” project.

The statement added that technical cadres are waiting for employees to help them withdraw their funds.

This measure comes within the KRG’s plan to promote digital transformation in payroll operations, which contributes to reducing dependence on cash, increasing transparency, and facilitating withdrawals for beneficiaries, in light of a broader trend towards switching to digital banking services.

The Kurdistan Regional Government launched the “Hasabi” project as part of its plan to develop the banking infrastructure in the region, with the aim of improving salary management and facilitating financial transactions for employees. The project aims to reduce the crowds of traditional payroll distribution centers and enhance the use of electronic banking services, as part of a broader trend towards digitizing government operations in the region.

https://economy-news.net/content.php?id=52567

MILITIAMAN CC HIGHLIGHTS NOTES, 7 FEB

MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In this video, the Militia Man discusses recent developments in Iraq related to governance, the economy, and judicial matters. He emphasizes the importance of historical context, particularly regarding Iraq’s legal frameworks and the role of institutions in shaping the country’s future.

The speaker highlights the commitment of Iraqi officials to uphold democratic principles while navigating challenges presented by objections to proposed laws. A significant focus is placed on the Central Bank of Iraq’s meetings with French representatives, underscoring the potential for economic collaboration and the importance of integrating Iraq into the global financial system.

The video concludes with a call to action for viewers to engage with the content and the community.

📜 Commitment to Judicial Decisions: The Iraqi Parliament reiterates its adherence to federal court rulings, emphasizing democratic principles.
💼 Focus on Citizens’ Welfare: The Central Bank of Iraq prioritizes initiatives aimed at benefiting the Iraqi populace, especially regarding economic stability.
🤝 International Relations with France: The Central Bank’s discussions with French ambassadors highlight opportunities for investment and economic partnerships.
📊 Economic Diversification: Efforts are underway to diversify Iraq’s economy beyond oil, with new initiatives for small and medium enterprises.
📈 Digitization and Financial Inclusion: The Central Bank’s movement towards electronic payments and financial inclusion signifies a modernization of Iraq’s economy.
🏛️ Historical Debt Relief: A look back at the Paris Club agreement illustrates Iraq’s historical debt issues and the significance of international support.
🌍 Global Economic Integration: Iraq is making strides to comply with international financial standards, potentially paving the way for currency convertibility and trade.

Key Insights

📜 Judicial Authority as a Stabilizing Force: The commitment of Iraqi officials to abide by federal court decisions reflects a growing understanding of the rule of law, which is crucial for the establishment of a stable democratic environment. This judicial authority acts as a safeguard against arbitrary governance and promotes trust in public institutions among citizens.
💼 Economic Focus on Citizen Welfare: The discussions held by the Central Bank emphasize a citizen-centric approach to economic policy. By focusing on the welfare of Iraqi citizens, it signals a shift towards responsible governance that seeks to address the immediate needs of the population, fostering a more inclusive economic environment.
🤝 Potential for Economic Growth through International Partnerships: The meeting between the Central Bank of Iraq and the French delegation underscores the importance of international cooperation in reviving Iraq’s economy. By attracting foreign investment, Iraq can leverage external expertise and resources, facilitating economic growth and infrastructure development.
📊 Small and Medium Enterprises as Economic Backbones: The emphasis on small and medium enterprises (SMEs) as drivers of economic growth is noteworthy. SMEs are vital for job creation and economic diversification, and their promotion is essential for building a robust economy that is less reliant on oil revenues.
📈 Digitization as a Path to Modernization: The Central Bank’s initiatives to digitize the economy and promote electronic payments are crucial steps towards modernizing Iraq’s financial system. This shift not only enhances efficiency but also encourages greater financial inclusion, allowing more citizens to participate in the economy.
🏛️ Understanding Historical Context for Future Growth: The historical context provided by the Militia Man regarding Iraq’s debt relief through the Paris Club agreement illustrates the long-standing challenges faced by the country. Acknowledging this history is essential for understanding the current economic landscape and the importance of ongoing reforms.
🌍 Steps Towards Global Economic Integration: The focus on compliance with international financial practices indicates that Iraq is positioning itself for greater participation in the global economy. By adhering to IMF requirements and enhancing currency convertibility, Iraq can improve its trade relationships and attract more foreign investment.

In summary, the video provides a comprehensive analysis of the current state of Iraq’s governance and economy, shedding light on the ongoing reforms and the commitment of officials to fostering a stable and prosperous future for the Iraqi people. The insights drawn from the discussions highlight the importance of historical context, the role of institutions, and the potential for international collaboration in driving economic growth.

NADER FROM MID EAST: America has divide today cause of lot BS talking

Iraq Launches Comprehensive Banking Reform Initiative, 7 FEB

Iraq Launches Comprehensive Banking Reform Initiative

The Iraqi government, in collaboration with the Central Bank of Iraq (CBI), has launched a strategic initiative to modernise the country’s banking sector.

The reforms aim to enhance banking standards, strengthen financial resilience, and improve Iraq’s integration with global financial systems.

Key pillars of the initiative include:

Governance and Ownership: Strengthening transparency through diversified ownership structures and independent board oversight.
Service Standards: Expanding access to financial services and modernising banking infrastructure.
International Compliance: Aligning with global standards in anti-money laundering, counter-terrorism financing, and financial transparency.
Financial Resilience: Implementing robust capital and liquidity requirements to protect customer deposits and ensure economic stability.

The initiative is part of a broader strategy developed by the CBI in partnership with global consulting firm Oliver Wyman.

Reforms in state-owned banks will complement this strategy, marking a major transformation in Iraq’s financial sector. Further implementation details will be announced in due course.

(Source: Media Office of the Prime Minister)

https://www.iraq-businessnews.com/?p=229963

TIDBIT FROM FRANK26, 7 FEB

Frank26

Even if the budget comes out at the old rate, don't panic.

Sudani knows what he's doing. The longer he can hide this form parliament the better...All the information about the new exchange rate has not been released yet, but within...13 days this budget will expose itself.

It has no choice...This budget has no choice but to show its true colors in order for it to come to life...A new exchange rate cannot wait much longer.

Kurdistan is ecstatic. Kurdistan is happy. They passed the amendments, the parts...of the budget...

You now have oil flowing from Kurdistan to Baghdad and the price they accepted tells me there's a new exchange rate. How can all that be at 1310? Eventually the budget will reveal the new exchange rate.

DINAR REVALUATION

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