BANK STORY FROM MARKZ: THE DINAR IS A GOOD INVESTMENT!! ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

Beirut is banking on its relations with Baghdad and opening its doors to Iraqi investors., 13 APRIL

  Beirut is banking on its relations with Baghdad and opening its doors to Iraqi investors.

Lebanese Labor Minister Mohammed Haidar affirmed on Saturday that the relationship between Beirut and Baghdad is solid, noting the Lebanese government's efforts to facilitate the work of Iraqi investors.

The Lebanese Minister of Labor said in a press statement that "the relationship between the new Lebanese government and the Iraqi government is solid and strong, and the fraternal bond between the Lebanese and Iraqis goes back a long history.

 This bond was evident during the Zionist war on Lebanon and the Iraqis' embrace of the Lebanese who were forced to flee to Baghdad." He added that "Prime Minister Nawaf Salam's opinion on developing the relationship with Baghdad expresses the government's direction and the demands of the Lebanese people."

Haidar addressed "the visit of the Director General of Lebanese General Security, Major General Hassan Choucair, to Iraq this week, which aims to enhance communication at the security level and discuss the exchange of services and the import of oil from Iraq," pointing to "positive results that will be built upon in the coming period regarding Iraq's contribution to improving the operation of Lebanese power plants and supplying them with fuel."

He pointed out that "President General Joseph Aoun announced an Arab tour that he will undertake, and that one of his priorities is to visit Iraq, and thus represent Lebanon at the Arab Summit in Baghdad with the participation of an official Lebanese delegation to meet with Iraqi officials there." He indicated that "Iraq's support for Lebanon in establishing security is fundamental, as is helping to expel the Zionist enemy from Lebanese territory, and asking our Arab brothers, specifically the Iraqis, to return to investing in Beirut, so that Lebanon can regain its leading role in the region."

The minister stressed the "continuation of work on the memoranda of understanding signed by the previous government with the Iraqi Ministry of Labor, and the amendment of any amendments that can be made, in coordination with his Iraqi counterpart, Ahmed Al-Asadi, whom he will meet in Egypt next week, and with whom he will address the issue of improving opportunities for Lebanese workers in Iraq and Iraqi workers in Lebanon, and opening up new areas of work."

 He pointed out that "foreign workers in Lebanon only benefit from a portion of the health benefits, but based on the principle of reciprocity, if the ministry finds that a Lebanese worker in Iraq receives comprehensive insurance, the Iraqi worker in Lebanon will be granted comprehensive insurance. This matter is currently under investigation and will be resolved soon."

He stated that "the labor market and the need for foreign workers, including Iraqis, were studied to determine the actual need, and Iraqi workers were informed of the sectors with vacancies so they could employ their expertise. The government is also working to attract Iraqi investors, provide them with full facilities, and initiate investment projects in Lebanon, especially since the period of security instability will soon end."

He pointed out that "the residency requirements for Iraqis in Lebanon are clearly visible on the Lebanese Ministry of Labor's website for anyone wishing to come to Beirut."

He continued: "Projects between Lebanon and Iraq have been delayed due to domestic, regional, and international events, but the government will resume work on them. The primary reason for not reactivating the oil pipeline linking Iraq to Tripoli in northern Lebanon is the need for it to pass through Syria, which has delayed its implementation."

He noted that "there is a trend toward amending the law, hoping to actually achieve this in order to restore projects that serve Lebanon, Iraq, and the region." link

TIDBIT FROM FNU LNU, 13 PRIL

  Fnu Lnu   

Article:   "Prime Minister Mohammed S. Al-Sudani attended the Conference on Reforming the Iraqi Banking Sector" 

 Quote:   "The government, in cooperation with the Central Bank of Iraq, launched a comprehensive initiative for integrated strategic banking reforms ."

  Does this look or sound  like "THIS IS IT"? Do you honestly think we are in an AMN situation? Do they sound ready to you? I think the RV is quite a while off...Iraq has a way to go before they are going to attempt a revaluation of any kind.

Rafidain Bank: Launching Online Banking Service After Activating Anti-Money Laundering And Counter-Terrorism Financing Regulations., 14 APRIL

 Rafidain Bank: Launching Online Banking Service After Activating Anti-Money Laundering And Counter-Terrorism Financing Regulations.

 Mawazine News – Baghdad  Rafidain Bank announced today, Friday, the launch of the online banking service OBDX after activating the Anti-Money Laundering and Combating the Financing of Terrorism (AML) systems.

The bank stated in a statement received by (Mawazine News) that "the online banking service OBDX (Online Banking Digital Experience) was launched after activating the Anti-Money Laundering (AML) and Government Online Anti-Money Laundering (GOAML) systems. The service has been successfully activated in a number of government agencies."

He explained that "this decision comes within the framework of the bank's strategy to provide a safe banking environment that adheres to the latest international standards for combating money laundering and terrorist financing, as well as facilitating electronic financial transactions for government agencies."

He explained that "OBDX is an innovative digital banking experience. The OBDX service represents a qualitative leap in the way banking transactions are conducted, as it allows government agencies to access their accounts and conduct all their banking operations easily and securely online. 

This service helps speed up processes and reduce reliance on paper procedures, which contributes to improving efficiency and enhancing transparency."

He pointed out that "the role of the AML and GOAML systems in ensuring compliance. In parallel with the launch of the OBDX service, Rafidain Bank activated the Anti-Money Laundering (AML) and GOAML systems to ensure full compliance with international standards for combating money laundering and terrorist financing. 

The AML system automatically monitors financial transactions and analyzes suspicious patterns, while the GOAML system records and analyzes banking data to ensure it is not used for illegal activities."

He pointed out that the advantages of the OBDX service, supported by compliance systems, include:
1. Superior security: Integrated systems ensure full compliance with international standards, enhancing the security of financial transactions.

2. Global compliance: The bank ensures the highest levels of transparency and compliance with international anti-money laundering laws.

3. Ease of access: Enables government agencies to conduct financial transactions easily and securely online without the need to visit branches.  https://www.mawazin.net/Details.aspx?jimare=260737

EXCERPTS FROM MARKZ: WE ARE CLOSE! @DINARREVALUATION #iraqidinarinvesto...

Iraq and Iran agree to activate coordination in dealing with regional and international developments. , 12 APRIL

  Iraq and Iran agree to activate coordination in dealing with regional and international developments. 

President Abdellatif Rachid and his Iranian counterpart, Masoud Pezeshkian, agreed on Friday to enhance coordination in dealing with regional and international developments.

The Presidency of the Republic stated, in a statement received by (Mawazine News), that “President of the Republic, Abdul Latif Jamal Rashid, discussed, in a phone call today, with the President of the Islamic Republic of Iran, Masoud Pezeshkian, bilateral relations between the two neighboring countries, and ways to develop cooperation in various fields of mutual interest, in a way that serves the interests of the two peoples and enhances security and stability in the region. ” 

According to the statement, “The two sides discussed a number of regional and international issues during the call, where the importance of continuing cooperation between the two countries and intensifying constructive dialogue to confront challenges and enhance the foundations of development and stability was emphasized.”

 He continued: “It was also agreed to activate coordination in dealing with regional and international developments, in a way that contributes to supporting political stability and reducing tensions in the region.”  link

TIDBIT FROM PIMPY, 12 APRIL

 Pimpy 

 They seem to be hellbent on getting into the digital currency as quickly as possible.

  So why change anything with the Iraqi dinar right now when they know already their intent is to switch into the central bank digital currency? 

 They're not going to make any changes to the Iraqi dinar before then. 

 That's just my opinion but that just makes sense doesn't it?  Because the switch looks like it's going to happen within months.