TNT:

Wednesday and Thursday updates

Wednesday -

Iraq's Foreign Minister is stating that Iraq is ready for the economy to enter the international world.  He states that they have proven stability and security for that region.

There is some discussion about the lower denomination notes and about about how the last summit conference proved that they had the backing of other countries.

Iraq agrees to output 400,00 barrels of oil for the month of October. This will help with the agreement with Opec.

Thursday -

Iraqi TV is broadcasting that they are ready for international trading......stability and security have been effectively established.

Iraq is on TV broadcasting making deals with Jordan and Saudi Arabia.

A member went to the bank yesterday, The teller informed that “something special is about to happen with the currency…soon” and couldn’t say anymore at that time.

Courtesy of Dinar Guru

Frank26   Article "Proposal to digitally reintroduce small denominations"  What's that say? ...6 or 7 articles show you just raised the value of your currency?  Why?  If you raise the value of your currency it will not work with the 3 zero notes.  You'd have to introduce another denomination... Quote "Central bank to digitally reintroduce small denominations, which would proved sums for the public, after amending the digital banking system."  They're telling the citizens the new small category notes {NSCN's] will come after [The RI/rate change]...they will coexist [with 3 zero notes]...

Desert Advisor  Article "Minister of Finance Ali Abdul-Amir Allawi confirmed that the process of changing the dollar exchange rate contributed to reforming the economic system"   Changing the dollar exchange rate?  Read that?  They changed the dollar exchange rate?  Well what is it?  They haven't told us...they reformed their banking system already...within three weeks a new budget...they changed the exchange rate but they having said what it is.

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KTFA:

Samson:  IRAQ FINANCE EXPO

September, 2021

Officially Co-Hosted with the Central Bank of Iraq and the Ministry of Finance, IFEX is your One-Stop-Shop to access new commercial opportunities in Finance, Banking, FinTech and Digital Transformation in Iraq.

We are delighted to announce the 4th edition of the Iraq Finance Expo, taking place in Baghdad and Online between 22-23 September and Officially Co-Hosted alongside the Central Bank of Iraq and the Ministry of Finance. IFEX is your one-stop-shop in discovering all the commercial opportunities in Iraq’s banking, financial services and FinTech sectors.

More than four fifths of the adult population of Iraq are today without a bank account. Personal banking is rare and there is a wide-open future for digital financial solutions offering easy, cost-effective payments systems. People in Iraq are ready to leap from an unbanked present to a fintech future. Mobile phone use is extensive and the market is wide-open to mobile banking opportunities. And with a significant global diaspora easy international payments in and out of Iraq will be very welcome.

Iraq’s redevelopment will require trusted and reliable sources of business financing. There is as yet no widespread network that can provide capital to enterprises in many industries with enormous growth potential. Loans to business and commerce from trusted partners are rare. Opportunities are legion.

Join us at the Iraq Finance Expo and discover how your business can be a part of Iraq’s promising financial future.

IFEX will host a dedicated VIP Conference featuring unrivalled content from all the key players in Iraqi Banking and Financial Services.

This exclusive Conference will comprise a 2-day programme including top analysis, discussion and exchanges. Listen to leading VIP speakers highlighting the opportunities within Iraq.

The Conference is the only opportunity to hear from top government officials and bodies on the requirements for Iraq.  New companies will be showcasing their disruptive technologies over a 2 day period.

Keynote Address: HE Prof Ali Allawi - IDTS  VIDEO - May 2021

H E Mustafa Ghalib, CBI Governor, IDTS  VIDEO - May 2021

HIGHLIGHTS

• 2-day Agenda with top analysis and discussion.

• Presentations from leading government officials and multinational executives.

• Sector breakdown on key industries.

• Technology Showcase across a multitude of sectors.

• Discuss opportunities within Iraq’s major projects and network with Tier 1 Investment professionals, C-level corporate leaders, investors and executives from across the globe.

• Understand the current business climate in Iraq and the multinationals successfully implanting projects.

• Generate leads from a highly targeted audience.

• Benefit from the only gathering of finance and banking professionals operating in Iraq.

• Learn about the fastest growing economy in the MENA region!

2021 SPEAKERS  - LINK

Iraq requires the full spectrum of services across the value chain. Join IFEX and become a part of Iraq’s finance and banking future! Key sectors showcased in the 2021 edition include:

• 1. BANKING: Payments, Digital Banks, Money Transfers, Mobile Wallets, Remittances, Retail, Investment, Automation

• 2. FINTECH: Credit & Lending, Payments, Security, Authorisation, Money Transfers, Insurance, Micro banking, Cloud, P2P Lending

• 3. E-COMMERCE: Commerce, Home Delivery, Grocery, Retail, POS Systems

• 4. INNOVATION: Accelerator, Entrepreneurship, AI, Startups

Day 1, 22nd September 2021

10:00 – 12:00 OPENING MINISTERIAL WELCOME & VIP SESSION

• H.E Professor Ali Allawi, Minister of Finance & Deputy Prime Minister

• H.E Mustafa Ghalib, Governor, Central Bank of Iraq

• H.E Suha Najjar, Chairwoman, National Investment Commission

• H.E Salem Chalabi, President & Chairman, Trade Bank of Iraq

• Welcome by VIP Sponsors

12:00 – 12:30 OFFICIAL OPENING OF EXHIBITION & NETWORKING BREAK

12:30 – 13:30 IRAQ’S FINTECH REVOLUTION

• How can the banking sector fast-track FinTech into their business model?

• Adopting FinTech platforms as a source of legal and financial compliance.

• Where does Iraq stand as a FinTech provider? Key FinTech technologies in Iraq.

• Creating a legal ecosystem that enables FinTech’s to thrive and banks to digitize.

13:30 – 14:30 PAYMENT SOLUTIONS & NEW TECHNOLOGIES FOR A RAPIDLY GROWING MARKET

• The invisible payment solutions for Iraq & the country’s vision for a cashless economy. What model would work for Iraq?

• Exploring new technologies and payments for a digital population.

• Financial inclusion in Iraq. New technologies and solutions for the Iraqi market.

• How will a cashless society alter Iraq’s economy and day-2-day living?

14:30 – 15:30 MOBILE BANKING SOLUTIONS FOR IRAQ

• How can Iraq accelerate the development of electronic banking & mobile banking? solutions?

• Secure Mobile Payments & the role of 5G to accelerate mobile banking practices.

• Digital lending and loan platforms for a mobile market.

• New innovations and technologies to satisfy the Iraqi market.

• Cross border international technology: Innovation for mobile international payments.

15:30 – 16:00 LUNCH & NETWORKING BREAK

Day 2, 23rd September 2021

10:00 – 11:00 FINANCING IRAQ’S NATIONAL INFRASTRUCTURE PROGRAMME

• How can local banks support Iraq’s reconstruction and infrastructure goals?

• Financing Iraq’s megaprojects, structuring risk, and incentivizing investors.

• Regulatory tariff reforms and new investment initiatives to boost FDI.

• Project finance as a tool to finance Iraq’s largescale infrastructure requirements.

• Rebuilding Iraq: Status of Funding & Reconstruction Efforts.

11:00 – 12:00 DIGITIZING IRAQ’S GOVERNMENT: E-GOVERNMENT IN IRAQ

• Designing a government of the future. How can Iraq implement vital e-services?

• What is digitally possible for Iraq? What innovation can be implemented in the short and long term to digitize the economy?

• Exploring a digital infrastructure for a digital future.

• What strategies can Iraq implement from other fast growing digital nations to support the e-government?

12:00 – 12:30
NETWORKING BREAK

13:30 – 14:30
BIOMETRICS, DATA CAPTURE & DIGITAL IDENTIFICATION

• How can Iraq implement a national data strategy?

• Developing an effective national identity blueprint to advance the digital economy.

• Biometrics & Facial ID: Strengthening security and protecting businesses.

• Providing transparency & reducing corruption through digital identification.

• Identifying the traveler at the border.

13:30 – 14:30 BUILDING AN INNOVATIVE STARTUP SYSTEM IN IRAQ

• The role of angel networks and incubators.

• E-Commerce & Retail: Brand establishment for growth companies.

• Power of AI: Enhancing customer experience, revenue streams and scalable finance within financial institutions.

• Tech entrepreneurship: Start-up ecosystems and their importance to overcoming a challenging working environment.

• Capturing the Iraqi market: Entry from successful regional start-ups. LINK

Suzie:  I would certainly think this finance expo would be worthless based on a "program" rate. I would think the world would know by then the NEW rate.

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Samson:  Nassar Al-Rubaie: The just distribution of the wealth of the Iraqis is the one that unites them

31st August, 2021

The leader of the Sadrist movement, Nassar al-Rubaie, confirmed, on Monday, that the federal system in Iraq is the best solution in the way of governance in Iraq.  

Al-Rubaie said, during his participation in the "Al-Rafidain Forum for Dialogue" and followed by "Nass" (August 31, 2021): "Any people of multiple sects and ethnicities, especially in Iraq, have become partisan pluralism, which is an ethnic and sectarian representation, as partisan pluralism has strengthened that the problem is that she takes this or that identity.  

He pointed out that "Iraq needs a political will to build a strong modern state that fulfills the hopes of the Iraqi people, and is based on a fair distribution, because the unified for the Iraqis is the equitable distribution of wealth."  He pointed out that "the political process in Iraq has gone through several controversies and the regime in 2003 fell as a result of the occupation of legislators from the United Nations."  

He continued, "The dialectic of occupation and liberation continues until the moment, instead of discussing progress in the field of development and news," noting that "the mechanism in which the constitution was written was dependent on the transitional government, and the greatest harm in it is that the occupation does not exit without the presence of a constitution and a legitimate government."  

Al-Rubaie stressed, "The constitution needs to explain many of its paragraphs instead of jurisprudence, and the Federal Court is concerned with this matter."   

And he touched on the oil and gas law, stressing that "if the oil and gas law was approved, it would achieve sustainable development in all sectors in Iraq, and would put an end to the trespassers on the country's wealth."    LINK