Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 8-1-16 Part 1 of 2
ol lar says():Interesting this article about the launching of the "Dinar or e-card" shows a picture of bitcoin. I am beginning to think the 2017 launch may be a translation problem about Iraqs crypto currency and the term electronic currency,
ol lar says(6:48 AM):we will soon see sorry I used the word -- 'soon'
ol lar says(): LINK
The central bank plans to expand the application of electronic trading
The central bank gives the government banks until September to adapt itself to the electronic systems
wisconsindinar says():Sept is good!
DIGIman1 says():works for me....where do i sign?
wisconsindinar says():Just hope its not sept 2023
rcookie says():WHT IS THERE A QUESTION ABOUT HE E-DINAR...
larrykn says to rcookie():gm :)
ol lar says():Interesting this article about the launching of the "Dinar or e-card" shows a picture of bitcoin. I am beginning to think the 2017 launch may be a translation problem about Iraqs crypto currency and the term electronic currency, http://burathanews.com/arabic/economic/297534
ol lar says():just a guess
rcookie says():THEY HAVE OUTLINRD WHEN THE E-DINAT PROGRAM WILL LAUNCH AND EXCATLY HOW THEY WILL IMPLEMENT
rcookie says():THEY ARE USING AS A MECHANISM TO PROVIDE MORE ACURATE AND EFFICIENT COLLECTION OF TAX REVENUES TOWARD GDP...
AS WELL AS PROVIDE LIQUIDITY RELIEF FOR BANKS AND MARKETPLACE WITH MINIMIZING CASH ON HAND NEEDS...
1bobby says():So how will this MOD and President of Parliament ordeal play out as far as voting taking place. Not very familar with the procedures in a case like this. I'm sure they will have a temp POM take over?
1bobby says():Excuse me....not POM but Speaker of Parliament
rcookie says():CONFLICTING REPORTS AS TO OBEIDIS CLOSED DOOR QUESTIONING SESSION WITH SECURITY & INTELLIGENCE COMMITTEEE TODAY...
1bobby says():Ya thinking he did this to defer accusations against himself?
rcookie says():Parliament questioned the Minister of Defense and vote on a draft law today
Author: AR Editor: AR 08/01/2016 09:05 Number of Views: 445 Long-Presse / Baghdad
Hold the Iraqi Council of Representatives, on Monday, its eighth of the first legislative term of the third legislative year, while the meeting will interrogate Defence Minister Khaled al-Obeidi and vote on the bill.
She said the information department of the parliament in a statement received, (long-Presse), a copy of which, "The House of Representatives will be held, in the 11th hour of the morning, its eighth of the legislative term of the first third legislative year," indicating that "the agenda of the meeting includes the questioning of the Minister of Defense Khaled al-Obeidi, and the host committee in charge of the inclusion of marsh within the World Heritage list. "
She said the information department, that "the meeting will also vote on candidates for the federal Public Service Board, and voting in principle to the project challenged the interests of the law, the verdicts and decisions of the Real Property Law," pointing out that "the meeting will see year-old topic of discussion (to compensate those affected by the recent events in Tuz spend). "
The information department and added that "the meeting will include the first reading of the draft accession of the Republic of Iraq to the preservation of migratory waterfowl African Eurasian, and the law of compensation for victims of justice agreement,"
pointing out that "the agenda includes a report and discussion of the proposed cancellation of the Revolutionary Command Council Resolution Act (dissolved) No. (481) for the year 1989, and the report and discuss the first draft amendment to the law take care of minors Law No. (78) for the year 1980, and the first draft amendment to the Law of Antiquities and Heritage Law No. (55) of the year 2002 ".
The presidency of the Iraqi parliament lifted Saturday (30 July 2016), the seventh session of the legislative term of the first third legislative year to Monday, while the meeting witnessed the vote on the ban on Baath Party Law, responded Act of Parliament and the direct writing of a new law does not include privileges for MPs.
Elane says): The meeting's agenda No.  Monday  August 2016
August 01, 2016 First , read verses from the Koran. Secondly , the vote on the candidates of the Federal Public Service Board.
Third , to vote in principle on a draft law to challenge the interests of the judgments and decisions of the Real Property Act. ( Legal Committee ).
Fourth: The questioning of the Minister of Defense.
Fifth: The host committee charged tray marshes within the World Heritage List.
Sixth: The first reading of the draft accession of the Republic of Iraq to maintain Ally birds African Eurasian Migratory Waterbirds Agreement. ( Committee on Foreign Relations , the Committee on Health and the Environment ), (2 items).
Seventh: The first reading of the draft law to compensate victims of justice. ( Human Rights Committee , the Legal Committee ), (11 articles).
Eighth: The report and discussion of the proposed cancellation of the Revolutionary Command Council Resolution Act (dissolved) No. (481) for the year 1989. ( Legal Committee ), (2 items).
IX: report and discuss the draft The first amendment to the law take care of minors Law No. (78) for the year 1980. ( The Committee on women, family and Children , the Finance Committee ), (16 articles).
Tenth: report and discuss the first draft amendment to the Law of Antiquities Law and Heritage No. (55) for the year 2002. ( Commission of Tourism and Antiquities , the Committee of religious Endowments and religious Affairs , the Committee on culture and Information ), (14 items).
eleventh: a general topic for discussion ( to compensate those affected by the recent events in the district of Tuz). (MP Niazi architecture Ihsanoglu.) Session start time: eleven in the morning.
Elane says():good morning!
rcookie says():CBI gives, government banks until next September, to adapt itself to electronic systems
08/01/2016It gave the Central Bank of Iraq, on Monday, the government banks until next September, to adapt itself to electronic systems and transactions, while between the percentage of beneficiaries and users of those dealings in Iraq, "not to exceed" ten percent, favored the possibility of the contribution of orientations to expand their use and benefit from 77 percent of money supply held by citizens outside the banks, get rid of the cash circulation problems.
The governor of the central bank and the agency, on the Keywords, in an interview Monday, said that "the payments system is an important pillar of the banking and financial sector,"
noting that it "consists of two phases first is related to the large total transactions between banks and companies within the system is settled and conducting operations clearing and liquidation of the great number of daily banking transactions. "
He Keywords that "the second phase of a retail of transactions daily for individuals to pay their obligations through electronic or mobile phone and other card payment system,"
noting that "the role of the central bank is monitoring and supervision beyond the field to the presence of problematic in banking transactions at the country level and the requisite large size of the precise organization. "
He explained the governor, that "the role of the central bank may be an operator or partner or used for system electronic banking," stressing that "the future role of the Central Bank is to supervise the system to be entrusted to operating the task to a company or a group belonging to the private sector companies."
Keywords and saw that "the application of electronic trading requires work to provide the infrastructure required," pointing out that such "legislative legal structure governing the banking services to all its details."
He said the central bank governor, that "the Central Bank conducted a comprehensive review of the laws of banking and regulations in force and to develop an initial draft of the required legislation in this area, and issued an electronic payment system and controls subscribe to the infrastructure of the payment system retail," noting that "the amount of $ 20 trillion dinars are being handled by a month under this system, a fast, accurate and support the national economy, away from a lot of problems. "
Promised Keywords, said that "very cool and sophisticated retail payment system and helps the bank to follow all these processes and to prevent violations and abuses, which is updated through the end of 2015, which are no problem,"
pointing out that "the Central Bank is currently working with the World Bank to review and evaluate the national payments system , which was formed three locations of the data in the whole of Iraq, as well as one location outside Iraq to recover from the risks. "
He went on, saying the central bank governor, said that "Iraq needs a comprehensive banking systems, followed by the banking system to be able to achieve its objectives," revealing "a lack of State-owned banks for such an electronic system even though it has hundreds of branches."
And gave Keywords "State-owned banks until next September, to adjust their positions within this electronic system," noting that "the central bank takes the organizational side by issuing controls the use of electronic credit cards and there are plenty of companies that submitted bids for work on the processing of these cards to the fact that the central bank has divided National, which regulates these processes, and represents an incubator electronic banking operations. "
He went conservative, saying that "the Bank has developed a court will be launched in early 2017 to regulate such operations plan," and expressed regret that "as a result of the low percentage of beneficiaries and users in Iraq who do not exceed ten percent, and eight percent of these are very limited operations, such as received salary only, and that only two percent of Iraqis are using smart cards ".
He expressed the Keywords, a belief that "the trends in will help expand financial inclusion through the entry of more citizens to these systems and thus take advantage of in the possession of people's money supply which amounts to 77 percent outside the system, as well as get rid of the cash circulation problems."
The governor of the central bank identified in 2017, as the date for the launch of the electronic currency through Dinaralaketrona or electronic tags, returned that will facilitate transactions between government departments