MZ COMMENT ON TAX'S:
I've posted this LINK a couple of times….. So no taxes on the exchange???
Read this from the US state Dept, on Iraq:
Go to section 6 Financial Sector: The last sentence says “There are no taxes or subsidies on purchases or sales of foreign exchange.” https://www.state.gov/reports/2022-investment-climate-statements/iraq/
MZ: I am still hearing it is untaxed but we don’t know for certain. I have set aside extra currency to cover a tax if there is one.
New ATM Cards: Iraq's Financial Modernization Leap in 2024
In a significant stride towards financial modernization and inclusion, Iraq has introduced new ATM cards for its citizens in 2024. This move is part of a broader effort to adopt electronic payment systems and reduce reliance on cash transactions.
The introduction of new ATM cards is a direct result of Iraq's official endorsement of electronic payment systems, a decision that was praised by the US Ambassador to Iraq. This adoption signifies a pivotal shift in the country's financial landscape, aiming to enhance efficiency, security, and transparency in the financial sector.
Qi Card, recognized as the leading electronic payment solution in Iraq, has been at the forefront of this financial revolution. By facilitating digital financial transactions, salary advance programs, and personal loans, Qi Card is driving financial inclusion in Iraq, enabling citizens to meet financial obligations and aspire for a more secure financial future.
The new ATM cards and the broader adoption of electronic payment systems are pivotal in enhancing financial security for citizens. They allow for secure and convenient transactions, reducing the risks associated with cash handling. Moreover, these digital capabilities empower vulnerable citizens to participate in commerce and community activities without compromising their safety.
In response to the new electronic payment system, the Iraqi Prime Minister has implemented measures to promote the use of digital payments and POS systems. These measures aim to limit cash transactions, boost security, and reduce mobile payment fees, encouraging broader adoption and stimulating economic growth.
Neo Pay, the first digital Visa card in Iraq, is another testament to the country's commitment to digital financial solutions. By enabling citizens to create accounts and obtain digital cards instantly, Neo Pay is setting new standards for accessibility and convenience in electronic payments.
The introduction of new ATM cards and the growing acceptance of electronic payment systems mark a significant step forward for Iraq's financial sector. These initiatives not only improve financial security and inclusion but also stimulate economic growth by modernizing payment methods and reducing reliance on cash transactions.
Transcribed by WiserNow
Welcome everybody to the big call tonight. It is Thursday, September the 12th and you’re listening to the big call. Thanks everybody for tuning in once again, and I hope we have some good information, and I think I have some up to date. I mean, talking about the last 15 minutes, getting something that is fresh to us. So that was a pleasant surprise.
Okay, all right, did we get a time hack? Bob, I don’t remember if we did 10:15, okay, great. I think we can get this done in 15 minutes. You guys. I won’t go on and on but I do have some important information for us.
So first of all, let’s address a couple of things that Jeannie brought out in her prayer request tonight. One was R and R – I believe the other was Social Security increases – that type of thing –
All right, so on the social security increase, what I’m getting from our contact, who knows a guy is in social in the Social Security office in the center of the central part of the country. He said that this increase that we’re looking for should happen, I’m going to say the third and fourth week – Third and fourth Wednesday of the month, it should happen and include, and be included in the amount of Social Security you receive.
If it doesn’t show up there It should show up by the end of this month, so, if you have already had Soc Sec the first Wednesday – or the second Wednesday, which was the 11th – So that would have been the fourth and then the 11th, you should still get that increase as a separate payment showing up in that account, in your bank account that receives Social Security by direct deposit.
You should get that if this information holds out before the end of the month this month. So that was encouraging to have that.
And regarding R&R, what we’re hearing is that the restitution and retribution allowance, that’s a different way of saying reclamation, retribution allowance, r, and r is going to show up for those of us who are exchanging currency and redeeming zim, that will show up in our quantum account, and it is there already,
And we’ll have in that in that account. And then we can go, when we go for our exchanges and Zim redemption, we can move, once we’ve done that and we have a pile, as Bob likes to say, a pile of money that is going into our quantum account – we can move a portion of that into our primary or secondary Wells account, and have that lined up for us.
And don’t be shy of moving money, I mean, some people are moving tens of millions or 100 million or whatever, and some of us are going to move a billion into each of our LLC accounts, which I have four. So that’s my plan. You do what you guys feel – and remember – You can go back for 30 to 60 days for your projects, and it should – whatever you move – but just be smart and don’t move everything in.
But just move a portion of it in when you’re ready to Okay, and that’s the only reason you will have a quantum card. Quantum we call it quantum access card. It sounds weird to say QAC so quantum card is a card that’s the size of a credit card three times as thick, and it’s only used to move funds from your quantum account into a bank account, like a Wells or Chase or, oh gosh, there’s so many different banks.
You should have about three banks that you’re able to tie into your quantum account – three banks. That’s what I’ve understood. That may or may not change – But in terms of moving funds into your Wells account first and then, whether you want to move to your Chase or your Bank of America account, or your Citi account, or your other banks – That’s up to you, all right,
So that I wanted to get that out of the way. The other thing is that I got Social Security. When does the retribution come out for other people that are not exchanging Zim? Thank you, Sue. That’s good.
It should occur by the end of this month – I don’t, I don’t know that it’ll come out sooner. We’ve already gone past the first 10 days, in this month – it’s already the third, almost the 13th. It’s the 12th. So any deadline that we thought we had to get R and R in for everybody has passed. And I think now we’re looking at possibly the next 10 days of the month, but it could very well be by the end of this month. Okay, that’s good question. Sue. Thank you for helping me on that.
The other thing is debt forgiveness. Debt Forgiveness, or debt jubilee, is to occur starting this month, and we thought it would occur and it didn’t – in August, but it should occur in this one. And again, I — this is my personal opinion, and I think this is a good one when it comes to RNR and debt forgiveness, those except for a few situations, will occur after the RV has occurred, and we have toll free numbers, and we’re setting appointments for our exchanges –
I believe that’s going to end up being the case – we’ll see. So look for more on that information to hit in the last couple of weeks of this month, of September.
Let’s go on beyond that. What we’re hearing today is very positive for our bondholders. We and realize that those of us in tier four, that’s 4A and 4B are supposed to be on a quote, unquote shotgun start with tier three our bondholder friends.
Now those guys put up their bonds for the most part – we still have some people with sheet bonds that have not taken them in – If you have them – bring them with you to your redemption center appointment – but you also let them know when you make your appointment that you have so many sheet bonds – and the type that you have. I’ve got XYZ number of railroad bonds – I’ve got some German bonds – I’ve got whatever you have that you have like that – Let them know when you’re on the phone with the redemption center, what you’re bringing in, apart and above your currency and your zim which is essentially a bond.
They know that – We know that – we’re not talking about zim – I’m talking about “sheet bonds”, okay? And I hope you have the provenance to go with them so they can knock those out for you – and let them know so they can give a longer period of time for your exchange. Becaiuse it will take a little while
It’s one thing to do currency on a Delarue machine – and do zim but It’s another thing entirely to hypothecate these zim bonds – I don’t mean bonds sorry – but “sheet bonds” okay, important that you let them know you and let them and let them know approximately how many, if you’ve got a banker’s box full of sheet bonds, let them know if you’ve got two or three or 10, let them know that.
Okay, just let them know, because they will be able to navigate and negotiate those during your appointment. Okay, that’s it. Now, what else – when it comes to what the bondholders have been able to do, they can see the funds from various of their bonds in their account. They can see it.
They can’t get access to it until tomorrow, we’ve had some people with bonds that have gone in for appointments today to navigate and to get the quantum card up and running for them with one bank or another bank, and maybe a third bank they have appointments with tomorrow to do the same thing with their quantum account card and get all everything put in.
You remember, we talked about biometric fingerprint, we talked about new username, brand new password, five digit PIN code, which would be brand new to them and their email – those five things, and there may be one or two other things that they need to do – but that would get them access.
And my understanding is for certain people that we know are to gain access once they do that tomorrow – gain access to their funds have access to them ,which is great news because I believe it says something about when “we” in tier 4B and 4A are to be notified. It should. Tomorrow’s Friday the 13th. I think it could be our lucky day. And I mean that in the sense that another piece of Intel, I think I told you this in the intro.
The other piece of Intel received today, and it’s not much, but I think this says everything, according to this very good source, we should receive everything going out after markets close tomorrow, which is 4pm Eastern, daylight time when the markets close, meaning the stock markets when they close tomorrow, everything should be released for us.
That would be our emails that the toll free number included, and that way we can begin to set of appointments and hopefully exchange starting Saturday. I know redemption center staff told us they would be going in today, Friday, Saturday, Sunday, all four days in a row, and they are doing that so that they can be there – Okay, tomorrow, quite possibly, they’re there to receive our calls once we call in the 800 number, and we get the information given to us that we enter on the AI system, and then we get switched to the redemption center that is closest to our zip code that we put in – then we should speak to a live human being – not a computer – we get a live person to talk to them and finish setting our appointment there, and it shouldn’t take more than two minutes to set our appointments – That’s what they’re counting on.
It’s not it’s not a time to ask 20 questions. Just get the very basic information you need, and they’ll probably end up being able to send you a confirming email letter with the address of the location or whatever. I don’t know.
I don’t know what they’re going to do, but I know that you’re going to have a way to know what your appointment is, where it is, fact that you’re going to get there no more than 10 minutes before your appointment, time –
If you’re running late and you can’t make it – you’re Sol until the next time you reschedule.
Don’t think you can run late to this. If you’re somebody who is consistently late for anything, make sure you get there early for this. 10 minutes early. That’s when you want to arrive to the redemption center, not to banks. This is to redemption center.
Now to be fair – some redemption centers are attached to banks. They’re usually a separate building or separate entrance, or whatever it could be attached to a bank.
Okay, so don’t be turned off by that. Let there be people there to verify your currency and count itvon the Delarue machine -There’ll be, you know, US Marshals there in case you are to try to pull something over their eyes, and they’re going to not want any of that to happen – no shenanigans, and you could be removed from the premises, if that was to be the case –
All right, so here’s what I’m saying – it looks very good for tomorrow or Saturday. Obviously, I’m hoping, just like you guys, it is tomorrow and we get notifications after four tomorrow afternoon when the markets close. So be looking for your emails tomorrow after four. Let’s see what happens, and we should have a very exciting and wonderful weekend.
Maybe we get pushed off to early next week – , but I have not heard that that is absolutely going to be our way. I would think if these could come out – after the march closed at four, we could be setting appointments tomorrow, and then we could get started on exchanges on maybe on Saturday.
And don’t think just because the bank is open till one or two on a Saturday, that influences the hours of the redemption center. It doesn’t.
Redemption centers could be open as early as eight in the morning or earlier and go really late. They could go all the way to 11 or 12 o’clock at night. They could go to midnight. It’s going to depend on the Demographics of the area where you live or where you’re applying to.
Don’t be surprised if you could set an appointment as late as 10 o’clock at night. You know, I say, I think they want to get this in. They want this Zim in yesterday, – they want it in there, because it hydrates the banks, it really does – it gets the banks and US hydrate with funds.
So I think it’s, it’s a great situation we find ourselves in. I was hoping for my last piece of Intel came in 15 minutes to start with the big call. That’s amazing. So thank you Jesus for that.
All right, that’s everything I want to say tonight, All right, so I wanted to tell you that, and let’s go ahead and thank everybody. Sue. Thank you. Thank you Bob. Excellent call for both of you tonight, I think.
And Thank you big call universe for listening these 13 years. Thank you staff team to so many listeners around the globe. So it’s a wonderful benefit that I’m just thrilled that we were able to get that done and that you guys made that available to us.
We got to see if we get our numbers tomorrow, after markets close at four Eastern tomorrow.
Fri. 13 Sept. 2024 Wolverine:
Summary
New Iraqi ATM cards are being promoted amid updates on the dinar’s potential revaluation, with insights.
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