FRANK26: "22 MILLION CARDS & MORE"

 KTFA

FRANK26: "22 MILLION CARDS & MORE".....F26

Localization of private sector salaries, rapid payment, and collection... Al-Sudani issues banking decisions.

7/7/2025

 

 - Baghdad

 

An Iraqi government source revealed on Monday that the number of bank accounts has reached approximately 20 million, compared to 8 million in 2022, a growth of more than 150%.

The source confirmed, in a press statement received by Shafaq News Agency, that "the digital transformation rate of Iraqi ministries and institutions has increased to approximately 32%, after it was less than 18% in 2022, with a growth rate of 78%."

He pointed out that "the number of bank cards increased to 21-22 million cards (of all types, including credit, debit, and prepaid), up from 16 million cards in 2022, representing a growth rate of 38%." He also noted that the number of point-of-sale devices reached approximately 62,000 devices, up from less than 10,000 devices in 2022, representing a growth rate of up to 520%.

According to a government source, data indicates that the financial inclusion rate in Iraq has reached approximately 40%, up from less than 10% in 2019.

The source noted that the Prime Minister had recently issued a number of future decisions related to a number of important projects in the field of electronic payment, and stressed the need to complete them as soon as possible. These projects include:

- Activation of the local card, which is expected to be completed by the end of 2025.

- Activate the fast payment project.

 - Activating the unified electronic collection application.

- Localizing private sector salaries in line with the government sector.

 - Establishing a unified center for complaints related to electronic payment transactions, headquartered at the National Data Center.

The source expected these projects to be completed in less than a year, stressing that their implementation would contribute to Iraq's advancement to a new level among advanced countries in this field.

LINK

 

WALKINGSTICK: There are a handful of devices protecting the new exchange rate!!

 Walkingstick 

There are a handful of devices protecting the new exchange rate...

two printings in the gazette...12-2C... Council of Ministers...Sudani...Salaries that are being guaranteed to be paid to oil companies past and future...

there's a budget protecting the new exchange rate. 

Chase Bank’s is showing fixed exchange rates of $40 per IQD and $2.51 per VND #iqd #iraq

 

FRANK26: "AND SO IS THE NEW EXCHANGE RATE".

 KTFA

FRANK26: "AND SO IS THE NEW EXCHANGE RATE"......F26

The regional salaries file is on the table of Rashid and Al-Sudani

7/7/2025

 

 - Baghdad

 

Iraqi Prime Minister Mohammed Shia al-Sudani received President Abdul Latif Jamal Rashid on Monday.

Al-Sudani's office said in a statement received by Shafaq News Agency that the meeting discussed the general situation in the country, developments at the regional level, and the challenges facing the region in general. The meeting emphasized the need to unify rhetoric and positions, prioritize the national interest in confronting all forms of challenges, and take into account the interests of all Iraqis.

The issue of funding the salaries of employees of the Kurdistan Region of Iraq was also discussed, and efforts were made to resolve joint issues in accordance with the applicable constitutional and legal formulas.

The meeting also discussed the ongoing preparations for holding the elections on schedule, so that their results will truly reflect the aspirations of the Iraqi people. 

LINK

TIDBIT FROM MARKZ

 MarkZ   

[via PDK]  Article:  “The coming hours may witness the signing”  This is about the Erbil/Baghdad oil agreements . There is a lot of back and forth right now.

 But articles are saying they have worked through the issues and signing is imminent. We saw this same kind of back and forth in Kuwait. 

GINGER: I've been told that the last 58 of these trigger platforms are currently in "finishing mode"

 

FRANK26: "SUDANI TELLS PARLIAMENT THIS IS HOW YOU DO IT"

 KTFA

FRANK26: "SUDANI TELLS PARLIAMENT THIS IS HOW YOU DO IT".......F26

Al-Mashhadani: We reached solutions with Nechirvan Barzani to the region's salary crisis.

7/6/2025

 

- Erbil

Iraqi Parliament Speaker Mahmoud al-Mashhadani announced on Sunday that he and Kurdistan Region President Nechirvan Barzani had reached solutions to the Kurdistan Region's employee salary crisis, which will be discussed in the coming days.

This came during Mahmoud Mashhadani's visit to Erbil, the capital of the Kurdistan Region, and his meeting with Nechirvan Barzani, in the presence of Deputy Speaker of Parliament Shakhwan Abdullah and Chairman of the Parliamentary Integrity Committee Ziyad al-Janabi. The meeting focused on mediation efforts to resolve the crisis of the region's employees' salaries, in accordance with constitutional legal procedures.

According to a statement from the Iraqi Parliament received by Shafaq News Agency, the meeting discussed the relationship between the central government and the region within constitutional and legal frameworks, the need to neutralize the issue of employee salaries, and the need to resolve it without political disputes. Solutions should be discussed in a friendly atmosphere, away from political escalation.

According to the statement, both sides expressed full readiness to initiate a serious dialogue on this crisis, and for the House of Representatives to play a key role in bringing the parties together on solutions proposed by the Erbil and central governments to achieve a harmonious administrative relationship free from political repercussions. Solutions have been reached and will be discussed in the coming days.

Al-Mashhadani stressed, "In these sensitive circumstances, we need unity to resolve outstanding issues, and the central government will seriously address any practical proposals to resolve the crisis. He explained that we stand with the Kurdish citizen because he is part of the Iraqi people, just as is the case with the citizens of all Iraqi provinces."

Earlier today, Mahmoud al-Mashhadani and Kurdish leader Masoud Barzani discussed the Kurdistan Region's employee pay crisis and the search for a final solution. They agreed to submit serious proposals to the federal government.

In another meeting today, Kurdistan Regional Government Prime Minister Masrour Barzani and Parliament Speaker Mahmoud al-Mashhadani agreed not to involve the issue of salaries for public sector employees and workers in the region in any political disputes between Erbil and Baghdad.

The Kurdistan Regional Government's Council of Ministers confirmed last Wednesday the implementation of all federal government obligations regarding the region's oil exports through SOMO, and the transfer of sales proceeds to the federal Ministry of Finance. The Council called on Baghdad to end the "policy of depriving" Kurdistan citizens of their salaries.

The Kurdistan Region's employee salary crisis is one of the most contentious issues between Baghdad and Erbil, amid ongoing debate over oil exports, constitutional obligations, and fiscal policies. This makes the upcoming meetings between the two sides pivotal in breaking the current political and financial deadlock.

LINK