Bondlady’s Corner – Iraq Economic News and Points to Ponder Wednesday AM 1-17-24

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Iraq Economic News and Points to Ponder Wednesday AM 1-17-24

Tlm724 Administrator Bondlady’s Corner

A Government Bank Issues A New Notice Regarding The Acquisition Of The Dollar

 Sweeteners     01-16-2024 | 2,734 views  Today, Tuesday, Al-Rasheed Bank issued a notice to travelers wishing to purchase the dollar for travel purposes.

The bank said in a statement received by Al-Sumaria News, that it “announces the opening of the platform for travelers wishing to buy the dollar today, Tuesday, January 16, 2024, at eight o’clock in the evening.”

 He stated, “The new mechanism requires advance reservation for the traveler by entering the link on the bank’s official page to obtain a reservation that enables him to visit the branch to deliver Iraqi cash and receive the dollar from the bank branch inside Baghdad International Airport,” noting that “this measure will make it easier for the citizen to purchase dollar smoothly.

https://www.alsumaria.tv/news/localnews/479212/مصرف-حكومي-يصدر-تنويهاً-جديداً-بشأن-اقتناء-الدولار

Central Bank: We Addressed All The Problems Facing The Electronic Payment System

  Economical 01/17/2024   Baghdad: Hussein Thaghab  The Central Bank revealed that it is addressing the problems facing the electronic payment system, in coordination with financial institutions, indicating at the same time that  the system is moving towards stability.

The Director General of the Information Technology and Payments Department at the bank, Adnan Asaad, told Al-Sabah:

“The year 2023 witnessed the most important breakthrough in the field of electronic payment, and the

Iraqi government seriously supports the efforts being made in detailing the development of electronic payment,” noting that  “follow-up is continuing from Before parliamentary and governmental bodies to advance the reality of electronic payment.

Asaad expressed his great optimism in the year 2024, as it will be the year of achieving great achievements in the field of electronic payment, stressing that  the crisis that has befallen the country due to the poor use of cards and electronic payment tools has left a negative impact, but

thanks to the measures taken in cooperation with international financial institutions, many issues have been addressed. Of the problems and that  the electronic payment system has tended to stabilize.”

For his part, Member of Parliament Hussein Arab stressed the  necessity of activating the role of the private sector and  making it a basis for the process of economic advancement,

which requires the presence of advanced financial services that rise to global standards, pointing out that the world has come a long way in digital transformation and we must keep pace with the developments that the world is witnessing in this field. the important.

As for the Executive Director of the Association of Private Banks in Iraq, Ali Tariq,  he stressed the continuation of efforts to enhance the culture of electronic payment, which represents a governmental and legislative direction for the next stage.

He pointed out that the Association of Banks and Large Financial Institutions is working to spread the culture of electronic payment  because it realizes the importance of digital transformation and providing quality services to all segments of society, especially since Iraq is a market that requires great efforts due to the large volume of transactions.

As for the Investment Director at the International Smart Card Company, Ahmed Kazem,  he explained the importance of digital transformation and thatit should be coupled with the launch of advanced electronic payment products that maintain money paths with high transparency.

He stressed that  government support for the digital transformation process facilitates many operations and makes services rise to global standards in providing advanced products that suit the growing Iraqi labor market.

The founder of the (Electronic Payment Culture in Iraq) platform, Nabil Al-Najjar, stressed that Iraq cannot move away from the global financial system,

especially since it is an important axis in the global economic arena, which requires us to work to keep pace with the global developments that the world is witnessing in the financial sector, which represents the axis. The most important in the process of economic development.

 He stressed that the country is moving in the right direction in the field of digital transformation, and  the most important thing in this axis is the citizen’s interaction with electronic services, the spread of which is expanding in an acceptable manner.   https://alsabaah.iq/90589-.html

Al-Sudani: It Is Important That World Bank Reports Realistically Reflect The Policies Of The New Government

  Time: 01/17/2024 08:59:10 Read: 390 times   {Politics: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani met, on the sidelines of his participation in the Davos Economic Forum, with the President of the World Bank Group {Ajay Banga}.

The meeting discussed, according to a statement from the Prime Minister’s Office, a copy of which {Al-Furat News} received, “cooperation relations between Iraq and the World Bank, in various economic fields, which contribute to supporting the government’s efforts and strategic plans, towards more investment and development opportunities in Iraq.”

He added,  “The meeting also witnessed a review of the measures and steps taken by the government and the Central Bank of Iraq, in terms of financial and banking reform.

The projects financed by the International Finance Corporation (IFC) were also discussed, most notably the rehabilitation and development project of Baghdad International Airport.” The Prime Minister stressed

“the importance of World Bank reports reflecting, realistically, the new government’s policies that were implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy, increase its growth, and achieve financial stability, in light of the challenges facing the region and the world.”

For his part, Banga praised the government’s measures in the field of modernizing and developing the banking sector, stressing his support for those measures, especially with regard to the implementation of the electronic payment system.

https://alforatnews.iq/news/السوداني%C2%A0-%C2%A0أهمية-أن-تعكس-تقارير-البنك-الدولي-بشكل-واقعي%C2%A0سياسات-الحكومة-الجديدة

Prime Minister: The Security And Stability Of The Region Depend Greatly On The Stability Of Iraq

Political      Yesterday, 18:46  Baghdad – INA Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that the security and stability of the region depend greatly on the stability of Iraq.

The Prime Minister’s Media Office said in a statement received by the Iraqi News Agency (INA):

“Prime Minister Muhammad Shia al-Sudani attended a business meeting in which the heads and representatives of 57 international companies specialized in the fields of energy, oil and gas, and various economic fields participated, on the sidelines of his participation in Davos Economic Forum held in Switzerland.

The statement added,  “The Sudanese reviewed the government’s plans in the field of economic development and reform, which have come a long way, and the great investment opportunities, industrial city projects, the large Al-Faw port, the vital development road project, and integrated oil field projects.”

 According to the statement, the Prime Minister referred to “solar and renewable energy projects that were concluded with Chinese and Emirati companies, stressing the

government’s broad direction towards investing in gas and expanding investment opportunities in this promising sector, as well as the residential projects that were launched, and other projects planned in all countries.” Governorates of Iraq. Al-Sudani stressed, according to the statement,

“the importance of the banking reforms that were implemented, and the Central Bank of Iraq worked on, in order to communicate with international banks to achieve compliance standards for the global financial and banking system.”

 The statement continued that in terms of strengthening stability and security in Iraq, the Prime Minister stated that  “the security and stability of the region depend greatly on the stability of Iraq, and that

any attempt to destabilize the internal situation in Iraq or threaten its security will lead to harm to the regional and international security of the Middle East.”

The statement concluded, “The meeting was attended by the Ministers of Foreign Affairs and Oil, the Governor of the Central Bank of Iraq, and a number of advisors to the Prime Minister.”  https://www.ina.iq/201303–57-.html

The Prime Minister Confirms His Determination To Continue Working To Develop The Iraqi Investment Environment

 Political    Yesterday, 19:11  Baghdad – IA  Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani affirmed his determination to continue working to develop the Iraqi investment environment.

The Prime Minister’s Media Office said in a statement received by the Iraqi News Agency (INA):

“Prime Minister Muhammad Shia al-Sudani received, on the sidelines of his participation in the Davos Economic Forum, the head of the HKN Energy oil company, Ross Perot Jr.”

The statement added, “The meeting witnessed discussion of all oil projects and the opportunities available for partnership and development in this field, as the Prime Minister reviewed the government’s plans to develop the oil sector, expand gas investment, and upcoming licensing rounds.” Al-Sudani pointed out – according to the statement –

 “Iraq’s openness to all forms of cooperation with international companies that possess modern technology, stressing the determination to continue working to develop the Iraqi investment environment.”   https://www.ina.iq/201307–hkn-.html

To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/

Provoking Points To Ponder on Adversity:

When I was very young, I tried selling used cars. It didn’t last long. I guess that was my good luck too, that I didn’t show more promise at it, or I might have been an automobile dealer.  – King Vidor

Supporting myself at an early age was the best training for life I could have possibly received.  – Lea Thompson

In my youth, poverty enriched me, but now I can afford wealth.  – Marc Chagall

I’m very grateful that I was too poor to get to art school until I was 21. … I was old enough when I got there to know how to get something out of it.  – Henry Moore

The most valuable gift I ever received was … the gift of insecurity … my father left us. My mother’s love might not have prepared me for life the way my father’s departure did. He forced us out on the road, where we had to earn our bread.  – Lillian Gish

 http://famousquotesandauthors.com/topics/adversity_quotes.html

 Famous Quotes and Authors, Famous Quotations for all Occasions