Okie, TNT, PIR and more Wednesday Morning 3-4-2020
Okie Update:
OKIE: P.M.S. DOESN'T MEAN WHAT YOU THINK —IT NOW MEANS—PACK MY SUITCASE—
HIGH ALERT NOW IN EFFECT—-
SINCE WERE PAST SUPER TUESDAY LETS NOW LOOK FORWARD TO WONDERFUL WEDNESDAY——-
KEEP THE FAITH——-SHALOAM
TNT:
Tishwash: An agreement between the Communications Commission and the Central Bank to activate the electronic banking system
The Media and Communications Commission discussed with the Central Bank of Iraq, on Wednesday, a memorandum of understanding on the basis of which the system will develop the electronic bank and provide technical consultations within the projects of the Dom 2025 strategic initiative.
The authority stated in a statement that Mawazine News received a copy of it, "The Authority, in the presence of the head of the executive branch Ali Nasser Al-Khuwaildi, member of the Board of Trustees Salem Mashkour, technical assistant, directors of the video and audio regulation department, the comprehensive service department and the telecommunications regulatory department, discussed with the Governor of the Central Bank Ali Al-Alaq From the Board of Directors, the Dom 2025 strategic initiative has set among its priorities the development of the financial and banking sector and the contribution to the transition towards digital financial trading, as well as training and development programs for technical cadres with the assistance of the International Telecommunication Union.
Al-Khwaildi said, "The commission is keen to communicate with all institutions and the central bank in its forefront as the main pillar of the state."
Al-Khoweildi suggested "forming a joint team that takes it upon itself to develop a memorandum of understanding between the authority and the central bank to implement strategic technological programs that can benefit the rest of the sectors, such as agriculture, the economy, health, and education."
For his part, Al-Alaq stressed that "the economic and financial aspect is the most challenging in Iraq, and the electronic banking transformation will contribute to its growth, especially with the presence of 70 private banks and hundreds of exchange companies," expressing "his welcome to the authority's initiative to hold a memorandum of understanding for joint cooperation in implementing vital programs On the level of Iraq. "
In turn, the Board member of the Board of Trustees, Salem Mashkour, referred to "the importance of the media in disseminating electronic banking awareness and dealing with the media in a transparent manner to establish a solid banking culture in a clear way away from ambiguity", calling the central bank to "sponsoring media campaigns aimed at spreading economic awareness and the importance of technology in its development ".
The statement indicated that "preliminary items were also discussed in the memorandum of understanding that included developing programs and applications for the banking and financial transfer system and training cadres to manage them, in addition to technological projects to support other sectors and state institutions in general. The agreement also included the establishment of projects in rural and remote areas represented in the delivery Communications services, building schools, hospitals and other service projects. link
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Harambe: TheEastAfrican: US dollar returns to Harare (Zimbabwe) https://www.theeastafrican.co.ke/business/US-dollar-returns-to-Harare/2560-5476634-1s29b6z/index.html
Harambe: AP News: UN envoy warns Iraq is being `pushed into the unknown' https://apnews.com/bef75ee9608be5f33656248951a2cbfe
*Courtesy of Dinar Guru https://www.dinarguru.com/
Jeff ...we don't know the whole truth to their elections. That's where they lie the most to the media...their politics...You have to look at the bigger picture...They used the entire year of '19 to set the stage and they still used part of Q1 2020 to set the stage. All of the facts show - they've set a temporary budget. They've delayed the 2020 budget to where they're not going to even start approving it until after the rate change. And they've blatantly told you what's in the 2020 budget. They told you the deficit is the reforms. They told us this budget contains everything for the citizens. Article 140. HCL. They told us all this. There's no question there. We know that factually. So when you look at the big picture everything factually shows they've set the stage to be ready for the rate change...
Vital Brad ...with all the struggle of getting the government seated things are still moving forward in the banking sector of Iraq. They've actually created...an international payment system through MasterCard. It's called the Qi Card. My question is why do they need an International payment card while their money isn't even international yet? ...Iraq isn't an internationally recognized currency...Their currency needs to be reinstated in the near future based on this technology in this card coming out...
Vital Brad ...there's salaries from government employees that have been needing to get paid. They're saying they can pay the salaries right on this [Qi Card]. From my understanding the salaries were supposed to be paid at the new rate that's why they haven't been paid yet because the rate is still the same. They're saying these cards are set up to receive those salaries. Seems like we're waiting on a rate change. Seems like that's what the holdup is...
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Patriot Intel Report:
PIR 03 04 20
We did see some downward pressure in the equities market, stock market here in the US. Hundreds of points lost again. This is on the heels of the Federal Reserve yesterday cutting interest rates by half a percentage point.
They did this to stimulate the economy because of the downward pressure in the global markets. But it had a lackluster effect and did not stimulate the economy as people thought. Some people said it was an action of panic by the Federal Reserve.
They should be panicked . They are going to be restructured and we are moving to an Asset backed system . That is what this is all about. We are moving to an asset backed system globally and that is what we are witnessing right now.
Also, with the concerns people have with Covid 19 (Corona Virus) the World Bank and the IMF have altered their spring meetings for the first time ever.
These spring meetings bring together central bankers and financial experts from all over the world and this year they will be doing these meetings by virtual hook-up, and internet. This is the first time ever in history that they have done this.
This is usually a big thing where people get together and talk and plan. This is a big economic event every year. This year – canceled……very interesting