News, Rumors and Opinions Friday PM 4-28-2023
KTFA:
Clare: Financial inclusion activities will start on Tuesday with the participation of governmental and private banks
4/28/2023
The banking sector begins to participate in the activities of financial inclusion, which is scheduled to start next Tuesday under the auspices of the Central Bank of Iraq and the Association of Private Banks, and with the participation of governmental and private banks.
Banks are reviewing banking services to customers, the use of electronic payment tools, POS devices, and the culture of electronic payment, which the government seeks to generalize the experience to all private and public sector institutions, and to open savings and current bank accounts.
The locations where the financial inclusion activities will be held have been identified.. To view them, click here LINK
Scarlett10: Correct me if i am wrong, but wouldn't we need to see a rate change for this to happen ? Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way. Can they move past Tuesday without a rate change ? Anyone
Turk182: Conventional Wisdom would tend to agree with your statement, however, this is IRAQ,
Henig: Investment discusses the Tawfiq initiative with the European Union delegation to support economic reform and development in Iraq
Baghdad / Nina / Chairman of the National Investment Commission Haidar Makiya discussed with a delegation of representatives of the countries of Germany, France, Italy, the Netherlands, Finland and Sweden, members of the European Union the initiative "Tawfiq" aimed at enhancing coordination in the paths of development cooperation in the field of investment between the European Union countries and Iraq.
According to a statement by the Commission, the meeting discussed ways to contribute to enhancing the levels of the Iraqi economy, local economic policies and their compatibility, European policies and the possibility of creating an attractive investment environment for European businesses and projects in Iraq.
According to the statement, the participants referred to the foundations adopted by the "Tawfiq" initiative and its targeting of the following axes:
Access to funding.
Business and enterprise development.
enabling environment for investment."
The statement added that the meeting concluded the need to coordinate joint efforts and define a work map with representatives of the member states of the European Union in order to develop the national investment sector and expand the horizon of bilateral relations with European capitals and companies specialized in pioneering projects.
He continued, that this meeting is the first and will be followed by multiple specialized executive meetings with European countries wishing to a certain type of investment projects inside Iraq such as renewable energies, industrial, residential and others. LINK
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Courtesy of Dinar Guru
Mnt Goat I can hardly wait for them to roll out the newer lower denominations as this too will be our final sign that there is no turning back... ...the actions taken by the CBI since January you can clearly see, like me, that to this point there is really almost no turning back. Commitments are already going forward and the changes to reinstate at a revalue rate are in play. We just don’t know the date but we know it is coming and much sooner than later.
Militia Man The CBI announced today the BSRS (Banking Supervision Reporting System)...It's important is because ...the banks in Iraq...didn't have advanced technology. It was all pen and paper...and it was a mess...Now they have the whole system set up from the Central Bank of Iraq down to the banks and down to the branches. What that means is they have all the knowledge of all the currency inflow and outflow...In other words the central bank knows...how much currency inventory goes in the country and goes out of the country...they can account for all the money...The ability to account for currency and the inventory of it is phenomenal...
Zoltan Pozsar Shocks Wall St. With New Prediction
George Gammon: 4-28-2023
THE STOCK MARKET BLACK HOLE JUST GOT WORSE! FED ADMITS INFLATION IS STILL RISING.
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