News, Rumors and Opinions Monday 3-30-2020
TNT:
Tishwash: Call to activate the digital economy and work from home
Witness the Iraqi economy, as well as the Iraqi market, the exceptional circumstances calling for the adoption of alternatives that would push things along better and closer than it was before the spread of the virus, "Corona" in recent weeks.
Finds a group of specialists in economic affairs on the necessity to adopt the best alternatives that fit the current stage, which is the activation of the digital economy and supporting the ways and means of working from home legislation legal exceptional.
The digital economy
Know the digital economy is that economy that is based in a complex of operations on information, is based in most of his steps on the use of information and communication technology, which abolished barriers to the flow of information, goods and services and movement of capital to and from any point in the world, at any time, and allows the economics of the digital send and receive any amount of currency electronic instantaneous at any time and place.
In this regard, said researcher economic Lubna Al-Shammari said that "the widespread use of the internet among the public and across mobile phones, computers and open up new possibilities for including the possibility of working from home."
The Al-Shammari told the"morning": that "the work of the house, especially in the government sector, need legislation to enact appropriate laws to strengthen this trade and activate it not in the days of crises and disasters, but at all times".
The statement that "activate the work of this aspect would bring the proportion of advanced achievement in employee productivity saving time and effort in the execution of transactions in e-government".
Financial transactions
Through the payment systems in the system of payments of the central bank's move to enhance the role of financial inclusion through digital services offered by banking providers of Payment Services website as an important dimension in the strategy for the central automation work through the use of payment instruments electronic and encouragement on using financial services and banking offered by banks and providers of Payment Services website.
VMware academic economic Dr Majid Moor" the need to raise public awareness of the importance of cash handling over the phone through special applications with mobile phones, which started to work since a few years ago".
Added Moor for the "morning" that "there are a lot of citizens are unaware of the way the work of the e-wallets launched by the telecom companies in collaboration with the central bank through the POS to transfer funds and receive amounts to and from family members and friends of the telephone line in a manner that is effective and safe and comfortable".
Registration e-mail
Among the moors that "these services also allow the transfer of funds through the use of the telephone line also, along with the possibility of shopping through the internet sites of e-commerce in Iraq through the payment gateway of the e-mail, which allows the purchase of various types of goods, services, products, fashion, flight bookings and much more".
Said Moor: "what the country is going through exceptional circumstances and restrict movement to prevent the spread of "Corona", the registration e-mail via phone will be safe from all respects of his being singing about going to the markets and crowded places, and to cope for paper which may be one of the reasons for the spread of the virus, to achieve feasibility level health And economic". link
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Hrambe: CNBC: Crude oil futures drop as pandemic darkens demand outlook https://www.cnbc.com/2020/03/30/oil-markets-crude-demand-coronavirus-pandemic-in-focus.html
Courtesy of Dinar Guru
Frank26 Question: How much advance notice will currency dealers be given before the rate changes? IMO anywhere from I'd say 6 to 8 hours. I know my broker will be notified. He has to be. He has to make a decision. He can still sell dinars...he can shut down. And if he shuts down selling dinar well then you tell those that gave you the license...that relationship is personal between the Treasury of the United States of America and my dealer...so how much notice? IMO the time period that you are asleep...
Pimpy ...we need more than a rate change to happen in Iraq in order for us to benefit from a rate change. It must be recognized internationally in most cases for banks to do the exchange. Some Chase locations are already making exceptions regardless of the currency being recognized internationally or not. You can exchange the dinar there...there's gonna be a fee once the exchange happens. I believe it's around 1%. They'll charge you 1% fee to make the exchange...just for the sake of it I'm gonna use round numbers. Let's say I have a thousand dinar and it's now $3 for every one dinar. I would deposit my 1,000 dinar into my account and they would exchange it and in my account would reflect 3,000 US dollars...If I had one million dinars and it was 3 to 1...
Pimpy I would deposit that one million dinars into my account and in there would reflect 3 million U.S. dollars. That's how it works. And there would be a fee taken out...If you're expecting to come skipping out with millions of dollars in a bag - that's not going to happen. Once the money is put into your account you will have access to some of it right away. I think for some banks there is a process in which they take the currencies and they will send it off and there's a slight hold on it...as far as you wanting the cash money itself, the paper money in exchange, you will have access to X amount of it upfront and then you have to order the rest. If you wanted a million dollars in cash you would have to tell your bank manager to order the money for you because a lot of banks don't hold that much money...
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Patriot Intel Report:
PIR 03 30 20