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DELTA: VERY HUGE ….WE TOLD YOU SO..THANK U SUPER SAMSON
Samson: (post 202) President of the Association of Iraqi Private Banks congratulates the Governor of the Central Bank on the occasion of his victory as Deputy Chairman of the Board of Governors of the Arab Monetary Fund
25th April, 2019
The President of the Association of Iraqi Private Banks, Wadih Al-Hanalal, congratulated the Governor of the Central Bank of Iraq Dr. Ali Al-Alak on the occasion of his victory as Deputy Chairman of the Board of Governors of the Arab Monetary Fund
"We congratulate the Iraqi people and the staff of the Central Bank of Iraq on the occasion of the victory of HE the Governor of the Central Bank of Iraq, Dr. Ali Alalak as Deputy Chairman of the Board of Governors of the Arab Monetary Fund
He added that "Al-Aalak has achieved many great achievements of Iraq in several areas, including combating money laundering, financing terrorism, developing the banking sector, introducing new systems in its work, and opening up to central banks and international banks
He pointed out that "Iraq has succeeded in a great success during the relationship and this is what is witnessed by all economists and specialists in the banking field LINK
Hammy14: I have a couple of questions that may be relevant. Are the Kurds happy and supporting the government, or are they not? Also, is the Fab4 in control of the monetary reform and the reinstatement of the IQD, or are they not? There seems to be some doubt on both of these issues, IMO.
DELTA: YES FOR BOTH Q....ALSO SEE POST 202 (above) THAT SHOULD ANSWER MORE Q..
Hammy14: Thanks Delta!!! I know the family appreciates hearing it from you. Only one thing left to do. CHANGE THE $*^#*%* RATE!!!!
DELTA: THEY WILL THEY HAVE NO OPTION …..(thumbs up)
Samson: Iraqi government community disrupts the official working day one day next week
25th April, 2019
The General Secretariat of the Council of Ministers announced the suspension of official work on Wednesday, corresponding to 5/1/2019 on the occasion of Labor Day
Next Wednesday, World Labor Day marks the 19th day of the World Trade Day, which dates back to the 19th century, to America, Canada and Australia. Before the announcement of this day in years, Chicago in the 19th century was engaged in labor disputes to reduce working hours in Hamilton, especially in the movement known as the eight-hour movement LINK
2Cents: That helps clean up an administrative/accounting issue I was having with my timeframe study.........I am liking the news but not for this weekend!!!!
MilitiaMan: Just curious as to why not this weekend.
Financial inclusion is about many things and cashless payments, e-banking is on the list. The exchange window is open. They are broadcast the new products with new efficiency.
A flip of the switch so to speak. Nothing suggests since the Banks in Iraq are now and have been closed since the news about Alak getting the promotion to VP this session for the Arab Monetary Fund and the President for the next session.
They were told about the process of facilitatating trade with all groups of currency. They also talk about Bio-metric cards now.. Nothing new there per se, except to them.
The electronic part has been taught now for years. This is the end of the old and in with the new, imo. The new products are e-commerce, e- banking, electronic payments and settlements, new small category notes, updated ISX stock exchange, etc.
They could easily be educating now in the new products that will arrive based on the new international rate to be applied in a moments notice.
One that will make way for Alak and the CBI to be the new pillar for the region as they have said she will be and can turn those cards to live in nanoseconds and accounted for accordingly, and in my opinion that could easily be this weekend into Monday, just as easy as the day after the holiday.
My view the new will allow them to have access to money holiday or not.. All electronic.. imo
Either way, Alak getting the AMF seat? Off the chart huge. ~ MMs geting paid... imo
Iobey777: I so agree with you, MM!!!I'm watching it unfold and just thinking ANY DAY we could see what we are seeking!! So exciting!!!
Hammy14: Agreed. All the telltale signs are there. We have a terrific window of opportunity between now and the beginning of Ramandan on May 5. I see no reason whatsoever for them to go beyond this time frame. If they care anything at all about their own citizens, they will give them the purchasing power they have been promising, and they won't make them wait any longer, as they are clearly ready. Take advantage of all the great publicity, Iraq. Make your move. I pray to God they don't blow this seemingly perfect opportunity.
Samson: Launching the activities of the second international forum "Belt and Road" in China
25th April, 2019
The second international forum "The Belt and the Road" began in the Chinese capital of Beijing on Thursday with the attendance of delegations from 110 countries.
The International Forum "Belt and Road" is held with the participation of five thousand foreigners in 12 sections and for three days at the Chinese National Dialogue Center in the capital of Beijing.
According to the media center of the Belt Forum and the Second Way of International Cooperation, 40 heads of state and about 120 foreigners from different countries participate in the forum's activities. LINK
Samson: Launch of the Week of Financial Inclusion in Iraq
25th April, 2019 Extra to Don's previous
The activities of the Financial Inclusion Week will be launched on Thursday, in conjunction with its Arab activities organized by the Central Bank of Iraq and the Association of Iraqi Private Banks under the theme of "Financial Inclusion Towards Sustainable Development" for the period from 25 to 30 April.
"The financial inclusion week coincides with the week of Arab financial inclusion, which the central bank attaches special importance to the promotion of this principle, in order to reach the banking services to the largest segment of citizens," said Director General of Payments Dovi Abdul Karim in a statement. Payroll to all employees of the public sector through the transfer of salaries to employees' bank accounts, which are based on the ease of receipt and withdrawal of salaries through available payment channels / branches of banks, ATMs, points Sale".
"Financial inclusion leads to many advantages of bank accounts, the ability to access facilities and bank loans, as well as the provision of travel cards to pay expenses abroad within the exchange rate of the currency window without the risk of carrying and using cash abroad." LINK
MadeeandLyndee: Samson, thank you for highlighting the last paragraph. "...As well as the provision of travel cards to pay expenses abroad within the EXCHANGE rate of the Currency window without risk of carrying and using cash abroad." Key words: Exchange rate of the currency, using cash abroad.
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