More News, Rumors and Opinions Monday PM 5-10-2021

May 10

Fleming Monday RV Report:

Our military intel contact his info is value day will only be declared by UST after the RV security teams lock down the rates and procedures for T4B exchanges and shotgun start liquidity release & payouts—banks are being told any time from midweek onward accd to his current info; he also heard that HSBC was partying last week too as Mr Fleming’s sources heard, because this is finally it—

The RV teams are only working on some hardware & software replacements for QFS interface functionality to fix glitches in global banking centers today Mon 10 May; and they’re finishing up sting operation arrests now too (“clean up on aisle 3”).

He said bankers are still frothing at the mouth with excitement, but he agrees with MarkZ that we (1) allow ourselves to get excited while (2) we also manage our expectations and (3) PRAY this is initiated smoothly This Week.

KTFA:

DeepWoodz: Imo....Lest some forget....this is still the plan. Get citizens to open accounts, which in turn will bring in more 000’s. When the GOI(not parliament!) reaches their benchmark.....BOOM!

Samson: Al-Rafidain raises the interest rate for saving accounts for citizens who deposit their money in the bank

10th May, 2021

Al-Rafidain Bank announced, on Monday, to raise the interest rate for citizens' saving accounts.

The bank’s media office said in a statement that Mawazine News received a copy of, that “based on the bank’s policy aimed at maximizing revenues in order to attract cash and encourage customers to save their money instead of hoarding it at home, the bank decided to increase the interest rate on savings accounts to 4.5 percent".

The bank called on citizens to "deposit their money in the bank and benefit from that service provided to them." LINK

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Samson: Sadikoun: There is a surplus in the budget, and there is no need to borrow

17:16 - 10/05/2021

"We have an explosive budget and there is a large surplus in it, and there is no justification for the financial representation regarding the need to borrow."

Al-Fatlawi said in a statement to the agency / information / that “there are major flaws in the Ministry of Finance, and there is no justification for asking for financial representation and the need to borrow because the budget is explosive, oil prices are high, and there is a large surplus in the budget.”

He added, "There are revenues from industry, agriculture, trade and border crossings, and there are large revenues from collection and taxes, and there is no need for us to borrow."

He pointed out, "The government should take a position on the Minister of Finance and the confusion within the ministry and the need to intervene before dumping Iraq into debt."

It is noteworthy that Parliamentary Finance called for the need to borrow. LINK

TNT:

Tishwash: Al-Aradi stresses the importance of the trends aimed at digital transformation and its role in promoting economic perfor

Baghdad Economic Forum member Jassem Al-Aradi stressed, on Monday, the importance of the trends aimed at digital transformation and its role in promoting economic performance in Iraq.

Al-Aradi said during his participation in the Digital Transformation Summit in virtual Iraq, that Iraq desperately needs to develop automation and governance in managing the country's joints and moving to a better stage commensurate with the country's capabilities.

The Digital Transformation Summit was held in Iraq under the auspices of Asiacell, with the participation of many thought leaders and influencers from all over the world to share their ideas about the digital transformation strategy in Iraq. Among the prominent attendees were high-level government officials, decision-makers, strategists, digital innovators, digital transformation leaders, banks, financial institutions, donor organizations, and many more.

The summit, which was held hypothetically due to the pandemic conditions, included many critical topics and new ideas related to digital structural reforms presented in a series of dynamic seminars, interactive panel discussions, and strategic dialogues. Among these topics were the leap from the paper economy to the data-based economy, the implementation of the e-government program within government institutions, the acceleration of electronic banking services provision and financial inclusion, and the implementation of new e-learning systems that develop solutions to the current educational challenges in Iraq.

The summit discussed the emerging technologies in the world such as artificial intelligence, big data, cloud computing, analytics, robotics, and how these pioneering innovations should be used to contribute to the development of Iraq. One example used to illustrate this progress is Asiacell's data centers, which have proven to be the most appropriate reference for technological excellence in Iraq.

Despite the delay in digitizing many sectors in Iraq, the telecommunications sector is the most competitive and only advanced technology sector.

Asiacell, which was the first among telecom companies operating in Iraq, has assumed responsibility for transforming Iraq into a digital country, starting with organizing and supporting the "Iraq Digital Transformation Summit". With networking and communication technologies such as the Internet and the mobile phone, this summit will establish the seed for a digital national economy, enhance the competitiveness of technology between Iraq and the world, and open the doors wide for an exceptional quality of community life.

For his part, Asiacell spokesman and director of integrated marketing communications, Abdullah Hassan, said, "We are happy to have a leadership role in this summit, stressing our readiness to be the main player for change towards digital transformation in Iraq."

He added, "The number of subscribers to traditional mobile phone communications is currently approaching 99% of the population, while the number of subscribers to Internet services in Iraq has exceeded 30 million subscribers, which means that 75% of the Iraqi people connect to the international network of the Internet, and this is a positive sign.

That the number of users has exceeded the global average of only 50%, taking into account that the number of users has increased by 11 million Internet users in Iraq between 2019 and 2020 only! And that the percentage of smart phone subscribers to regular phones on our network is more than 72%, and this is an indicator.

Excellent, and the continuation of remote work and study is evidence of the Iraqi people's awareness of the role of digitization; therefore, the transition to e-government will certainly be a success for all parties. link

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Mot: YOU Can NOT Go Anywhere till Ur Room is Clean!!! ---- Just a Minute Mum!!! ~~~