More News, Rumors and Opinions Monday PM 1-13-2025
KTFA:
Clare: The House of Representatives completes the second reading of the draft amendment to the budget law
1/13/2025
The Council of Representatives concluded, in its session today, Monday, the second reading "Report and Discussion" of the draft law of the first amendment to the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023. LINK
Clare: Iraqi Customs: Electronic payment service will be temporarily suspended tomorrow
1/13/2025
The Iraqi General Authority of Customs announced on Sunday that the electronic payment service will be temporarily suspended tomorrow, Monday.
The authority said in a statement received by Shafaq News Agency, "The Central Bank of Iraq informed us that the electronic payment service will stop tomorrow, January 13, 2025, at 12 midnight for two hours, for the purpose of making updates to their systems." LINK
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Clare: Nechirvan Barzani and the change after the population census.. New issues for Baghdad
2025-01-13 | 00:15
A prominent Kurdish commentator said that the region’s president, Nechirvan Barzani, brought with him to Baghdad “new” files, one of which emerged after the last population census and relates to the disputed territories between Baghdad and Erbil and the budget shares, and the other is financial issues that an extraordinary meeting of the Kurdistan Regional Government discussed on Saturday. LINK
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Clare: The Central Bank is working to provide various services to bank card holders.
January 12, 2025
The Central Bank of Iraq works within its strategy to provide various services to bank cardholders, by expanding the spread of cash delivery outlets and through all available channels, including ATMs and POC cash payment devices, as well as authorized exchange companies, electronic payment company outlets, and POS electronic payment devices spread throughout Iraq.
The Central Bank confirms in its circulars that included directing banks and non-banking financial institutions to spread and expand their financial services in areas that lack the aforementioned services.
While the bank seeks to develop these services by establishing the latest infrastructure for financial products and services in Iraq, and improving them continuously.
The Central Bank invites you to submit inquiries and complaints, if any, through the following link: https://complaint.app.cbi.iq/
Central Bank of Iraq
Media Office
January 12, 2025
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Discussing photo of an unknown lower note sent to Frank] SENDER: What's that [note] underneath it [photo of the known 250 and 500 dinar notes]? FRANK: I don't know what that is. Where did you get this? SENDER: It's from a contractor in Iraq... FRANK: It's not just because of the color I see there, it's the packaging that attracts my attention. SENDER: My buddy said he got the pictures from his interpreter friend who goes out on patrols with him daily. The interpreter's brother works in a very small bank...He had to pay the brother three bottles of Old Spice cologne in order to get this picture to him. [Post 1 of 2....stay tuned]]
Frank26 SENDER: I guess they can't get it over there, pretty valuable. The brother said they have pallets of the smaller bills there in the vault but they haven't released them yet to anyone. I guess he could get in serious trouble if they found out he took this picture. FRANK: So I'm understanding this correctly, your friend who's a contractor, his interpreter has a friend at a bank and he took a picture and he smuggled them out and he gave them to your friend and your friend gave them to you? SENDER: Exactly. FRANK: It had three qualifications but the one that got me was the packaging. [Post 2 of 2]
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Almost a Third of the National Debt Needs to be Paid Back in 2025
Heresy Financial: 1-13-2025
TIMECODES
0:00 the National Debt
1:40 The impact this will have on the market
5:52 Big Part of the Nation Debt is in T-Bills
7:22 How the Stock Market will be affected