Popeye7: I wanted to reiterate something mentioned last week in one of my posts.......
The 25th of April is the day they begin the process of inclusion within Iraq's banking industry...
Someone on this forum (may have been Godlover), stated that they have been exercising this banking inclusion in prior years in hopes that the people of Iraq would come to utilize, and come to trust their banking system...
Something BIG is going to have to have happen before the 25th in order to motivate the Iraqi people into wanting to use their own banking system again... What might that be?...
Iggy: “Abilities wither under criticism; they blossom under encouragement.” – Dale Carnegie
Iggy: "There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle." - Albert E.
Iggy: i have a challenge for you... Smile and smile back! Attitudes are contagious, whether good or bad. Make the decision when you leave your house today that you will spread your good attitude as far as it will go. What could be easier than making someone’s day with nothing more than a quick smile! Don’t feel like smiling? Do it anyway, chances are the smiles you get in return will help you feel better too. Try and stay positive today, it's almost the weekend.
Iggy: Remember there are three poisons: greed, anger, and ignorance. Do not deny their existence but turn them around and you have generosity, compassion, and wisdom. ~Clifton Bradley
Samson: A piece of land for every Iraqi family .. Know the conditions
11th April, 2019
The Legal Committee of the Parliament, near the completion of the legislation of the law will be granted to grant a piece of residential land for each Iraqi family.
A member of the committee Mohamed al-Ghazi said in a press statement that "the proposal to allocate land for each family has become almost complete, and this proposal is different from the housing initiative launched by Prime Minister Adel Abdul-Mahdi," noting that "this proposal will address a lot of housing problems, And will be approved before the end of this chapter."
Al-Ghazi added that "the allocation of land by the state for each family will be according to the conditions: not be the head of the family benefited from the government previously and does not have a house and does not require that the head of the family staff and will be allocated either according to the area of residence or hometown." He added that "these lands will be without allowance and have services and the Ministry of Housing to lend to the owner of the land provided that the owner built within two years or withdraw the land."
A member of the legal committee said that "this land will be barred from selling for ten years, since the head of the family can not sell the land and benefit from the amount." He stressed that "this law is the proposal of the legal committee and did not come from the government and the latter will be obliged to allocate land." LINK
Samson: Rafidain: Localization of the salaries of state employees electronically has the advantages of the most important advances and loans
11th April, 2019
The Rafidain Bank, on Thursday, that the process of settling the salaries of employees of the government departments electronically have many advantages benefit the employees and most important to take advantage of banking services such as loans and advances.
The Information Office of the Bank in a statement received by "Economy News", the ministries and departments of the state to "settle the salaries of its employees at the bank and take advantage of the advances and financial facilities provided by the bank."
He pointed out that "the process of settling the salaries of state employees is through the issuance of electronic payment tools through which the employee is given his salary electronically away from paper handling." LINK
Need to Understand: Over the years there has been speculation that the Iraqi’s are slow to react to reinstating their currency.
IMO I believe they have used this time to their advantage. Technology has advanced rapidly over the last 16 years and particularly the last 5 years.
They could have brought their systems and tech to a level to match the worlds current banking systems of 2014, or wait and implement 21st century technology we see them implementing today. They have avoided upgrading systems only to have more advanced tech overtake it quickly.
They now have state of the art controls to prevent money laundering, systems to move monetary transactions globally/instantly.
Nicely done Iraq. Many future blessings to your people and the future leaders of country.
Samson: US Treasury Secretary: Washington, Beijing agree on mechanism for implementation of trade agreement
10 April 2019 10:44 PM
Direct : US Treasury Secretary said that the United States and China have reached a mechanism on the implementation of a trade agreement between the two parties
"We have largely agreed on the implementation mechanism, with China and the United States setting up executive offices to deal with the ongoing issues," Stephen Menuchin told CNBC on Wednesday
The US Treasury Secretary said that Washington and Beijing are taking the potential trade deal seriously, adding: "We are really focusing on the implementation of the documents of the agreement."
Minuchin said the meeting with Chinese Vice Premier Liu He on Tuesday was "fruitful"
The US Treasury Secretary said negotiations with the Chinese side would continue on Thursday, adding: "We still have some important issues to address."
"We hope that we can resolve outstanding issues quickly, and if we can complete this agreement, these will be the most important changes in the economic relationship between the United States and China over the past 40 years. link
Don961: Lagarde: Electronic currencies shake the banking system
11 April 2019 02:45 PM
Mubasher : The IMF director said that financial technologies such as digital currencies shake the banking system and must be monitored to keep them stable
Changing business models in commercial banks is proof that such innovations, such as e-currencies, have a clear impact on financial sector employees, Christine Lagarde told CNBC on Wednesda"I think the role of distributors or anything that uses distributed ledger technology, or so-called electronic currencies,currencies, assets or any market shake is obvious," Lagarde said
The most popular electronic currency "Bitquin" has seen a revival over the past sessions after the stability of performance since last year and broke the barrier of $ 5,000
Lagarde believes that such changes in the financial industry must be accompanied by regulation
"We do not want innovation that shakes the system so much that we may lose the stability required," Lagarde said. "Technological companies entering the banking space by force must be regulated." link
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