Expectations of growth of e-commerce and its development in Iraq
[tlm724] this type of trade in Iraq for possession of the basic components have represented the spread of Internet service across the country
[tlm724] when they built up the internet providers they advanced the ability for e commerce , they have building the system over the last several years, one step at a time
[tlm724] that this type of trade emerged in Iraq since 2007
[tlm724] that the activity of trade has made a comeback strongly after the emergence of websites
[tlm724] that the revitalization of this trade and activated in the largest requires the development of electronic payment means to meet the requirements of consumers in the region,
[tlm724] including guarantees them the introduction of money into Iraq from their assets abroad
[tlm724] pointing out that the introduction of money into the country's toughest him taken out and transferred because of stringent measures to prevent the laundering operations
[tlm724] so its difficult to transfer money, need to correct that to ease the transfers
[tlm724] the importance of the opening credits of electronic banks for remittances,
[tlm724] the central bank had said earlier in the possibility of expanding the work of banks and money transfer companies and mobile phone companies and the exercise of any the activities of electronic payment
[tlm724] we saw the CBI announcements about this and they were accepting the licensing applications from interested parties
[tlm724] rate of growth in electronic payments doubling annually
[tlm724] the spread of mobile phones in the smart play a major role in the growth of dependence on electronic payment,
Rafidain Bank intends to pay the salaries of retirees living outside Iraq electronic card
[tlm724] this show us two things 1. the electronic cards are up to par 2. the Rafidain Bank, which is a state owned bank, has settled 90 % of their debt !
Three paths to cover the fiscal deficit
[tlm724] so the continued crisis is costing Iraq a boatload of money but the have the means to cover this deficit through external sources such as the IMF, World Bank etc using special drawing rights
[tlm724] the version recent budget confirms the rationalization of consumption after doubling the financial allocations for the security forces in the fight against terrorism
[tlm724] showed al-Tamimi, the deficit this year will be the unintended but real, hinting that Iraq probably will be forced to issue money orders and treasury bonds, meaning there is internal borrowing, and if he had, it could resort to external borrowing. Tamimi and reassured citizens and employees and retirees that the monthly salaries will be spent in a timely manner, even in the hot spots and there are no effects on them.
[tlm724] so they will be forced to issue more T bills and more than likely borrow from many sources but they are assuring the people they will get their salaries
Abadi gives partners 72 hours to submit their candidates
[tlm724] Abadi gives partners 72 hours to submit their candidates , he is laying the law down !
[tlm724] Khalid al-Asadi called for political blocs to complete the dialogues and to provide candidates for the ministries in no later than next Monday,
[glory8516] I like this guy !!
[tlm724] he wants the names so he can move forward before the constitutional window closes on Sept 9th
The central bank is required of private banks at the exchange rate of the dinar is specified