.KTFA:

Samson: The Central Bank raises the maximum limit for virtual electronic cards

8th August, 2022

The Central Bank of Iraq would like to inform banks and electronic payment service providers to amend
the upper limit for the ceiling of virtual electronic payment cards to 950 thousand dinars or its equivalent in US dollars, after it was 750 thousand dinars... To view, click here

Translation....

Good greetings to all banks, electronic service providers, issuing m/ prepaid electronic payment cards

Date: By the circular of this bank No. 23/777 on 5/2020 20 (the annexes are a copy of it as a link), and
for the purpose of regulating electronic services in a way that contributes to enhancing
levels of financial inclusion and achieving the principle of competition among banks and electronic
payment service providers licensed by this bank and in line with the market need

.KTFA:

Samson: The International Development Bank joins the Federation of Emirates Banks in Dubai

7th August, 2022

A banking source revealed, on Sunday, that the International Development Bank of Iraq joined the Federation of Emirates Banks in Dubai

The source told "Economy News" that "the International Development Bank opened a branch in the emirate of Dubai, UAE," noting that "the bank joined the Federation of Emirates Banks

He added, "The bank will facilitate trade and banking exchange between Iraq and the UAE, as well as provide various banking services and establish activities related to the banking sector between the two countries LINK

.KTFA:

Tivon: 1.) General Budget

2.) Formation of GOI

3.) ?

To be short. I stated for the past four months or so that the first two things were not needed or required in order to implement any reforms. Both have been confirmed from official reports that none will be happening this year other than the preparation for early elections.

Why? Dissolution of course. As I claimed the requirements for everything to meet the citizens demands were already in motion thanks to the EFSL and then its official publication in the Gazette.

Even still when that happened it wasn't enough for some to be convinced that Al-Kazemi could not deliver on anything until the GOI was seated.

Because Maliki needed to be out the way. Despite the many things that were still being done while Al-Maliki was still on the loose to cause problems. Or too much corruption. There's no stability. The GOI has to be seated. We need a budget. Joe Biden will not let this happen.

All of these excuses and none of this turned out to be true.

.KTFA:

Samson: Next week..Erbil will host an international investment fair

6th August, 2022

The city of Erbil, the capital of Kurdistan Region, is scheduled to host an international investment exhibition next week.

The supervisor of the exhibition, Ribaz Darwish, told Shafaq News Agency, "The exhibition will be with the participation of dozens of international, Arab and local companies in the field of investment, and it will be held in the International Exhibition Hall in Erbil and will last for four days."

Darwish added, "The exhibition aims to attract investment to the Kurdistan Region, and exchange investment experiences from foreign companies, in addition to introducing them to the labor market in Kurdistan." LINK

Billuke: They can't do this on a program rate.................................................. imo

.KTFA:

Samson: Vietnam : Banking sector can be pioneer in digital transformation: PM

5th August, 2022

Prime Minister Phạm Minh Chính said the banking sector had all the factors to be pioneering and, in fact, was at the forefront of the digital transformation process.

Digital transformation was an inevitable trend, and an urgent requirement, noted the Prime Minister.

The Prime Minister, who is also Chairman of the National Committee on Digital Transformation, attended and delivered a keynote speech at the Conference on Digital Transformation in the Banking Sector organised by the State Bank of Vietnam (SBV) in Hà Nội on Thursday.

Speaking at the conference, SBV Governor Nguyễn Thị Hồng said that in the Prime Minister's Decision No 749/QĐ-TTg approving the programme on national digital transformation by 2025, the finance - banking sector was identified as one of eight sectors that needed to prioritise digital transformation.

.KTFA:

Clare: The Coordination Framework announces its support for holding early elections under conditions

2022-08-04

The coordination framework, which brings together the Shiite forces participating in the political process, affirmed, on Thursday evening, its support for any constitutional path to address political crises and achieve the interests of the people, including holding early elections, according to conditions.

The framework stipulated, in a statement received by Shafak News Agency, "achieving national consensus on early elections, and providing a safe environment for their holding."

He stressed the need to "work to respect the constitutional institutions, and not to disrupt their work, and to keep the ceiling of political forces, the law, the constitution and the interest of the people."

.KTFA:

Samson: Russia Adopts Measures To Abandon The Dollar And The Euro

4th August, 2022

The Russian Central Bank intends to speed up the procedures for the gradual abandonment of the use of foreign currencies, and in this context, additional measures will be taken to reduce banking operations in dollars and euros.

This came within a report of the Bank of Russia (the Russian Central Bank) on the development of the financial market in Russia in light of Western sanctions.

The Russian Central Bank said in the report: “In the current conditions, it seems that the gradual abandonment of the use of the currencies of unfriendly countries in the course of the internal and external payments is inevitable.

.KTFA

RE: KTFA Wednesday Night CC : https://fccdl.in/B5IZxy6LaD

Tivon: Are you serious? Are you not entertained? Do you see how it pays off to stay in the game? Look where you are right now.

Let me get this straight. The IMF gave the the CBI 30 days. The CBI basics gave banks 25 days. The SWIFT basics have all banks until November. Guys do you see what is happening? Deadlines. You have no reason to doubt anymore. This is over.

Frank had the most informative call with boots on the ground confirming everything that basically spread as just rumors but from trusted sources none the less.

You are about to cross the finish line.