CBI News 09/06/2017

[yota691]

Subscription controls for retail payment infrastructure

 

  

 September 06, 2017

 

 

 

Subscription controls ... Click here

[Wiljor]

I'm guessing here but by the look of the picture in Yota's article looks like the electronic payment system in place  

[Synopsis]

Just now, Wiljor said:

I'm guessing here but by the look of the picture in Yota's article looks like the electronic payment system in place  

 

Hey, Wiljor, You are correct!!!       

 

I just checked my VISA card and man is that baby loaded!!!        

 

Well, OK, just fibbin' here. My VISA card hasn't see any depository activity due to the IQD. Sorry.

 

Top Of Your Day To You, Wiljor and All DV!!!         

 

Go Moola Nova!

[Wiljor]

9 minutes ago, Synopsis said:

 

Hey, Wiljor, You are correct!!!       

 

I just checked my VISA card and man is that baby loaded!!!        

 

Well, OK, just fibbin' here. My VISA card hasn't see any depository activity due to the IQD. Sorry.

 

Top Of Your Day To You, Wiljor and All DV!!!         

 

Go Moola Nova!

 

Good morning brother Synopsis, not to worry, I feel our Visa cards will be the kind the bank issues you when you are flush with cash, you know, the black ones......... I hope,  but if not ........I'm riding this baby out till the end. A super day up to you hermanó 

go moola nova

go flush with cash 

go black credit cards 

[Synopsis]

Just now, Wiljor said:

 

Good morning brother Synopsis, not to worry, I feel our Visa cards will be the kind the bank issues you when you are flush with cash, you know, the black ones......... I hope,  but if not ........I'm riding this baby out till the end. A super day up to you hermanó 

go moola nova

go flush with cash 

go black credit cards 

 

!Egualmente Mi Amigo y Hermano!  !Yo Gusta Muy Muncho!

 

Oh, Yeah, Go Moola Nova!

[Synopsis]

1 minute ago, Botzwana said:

MUNCHO?  That reminds me...that gives me the munchies...

 

Yep! I slipped up on the keys - should have been Mucho!

 

Thank You, Botzwana!

 

Go Moola Nova!

[yusofsabri]

Digital currency

[jcfrag]

That person is paying with a digital card! They are moving on up from the slums now baby!!!!

(Just hope they don't turn off the internet for any more tests now. There will be riots in the streets fa sure when that Money ain't available!!!!)

[Laid Back]

CBI Is moving forward with the implementation of electronic payment and P.O.S

 

This means people opening banks accounts and depositing the chunky cash also means less dinar notes in circulation 

 

Go electronic payment

Go new monetary policy 

Go RV

Go $1:1

 

 

[King Bean]

32 minutes ago, Laid Back said:

CBI Is moving forward with the implementation of electronic payment and P.O.S

 

Yes....so let's add value at the P.O.S.   As it stands now, it's not worth a P.O.S.  

[3n1]

imo and not to be on the negative side at all cause i've always been "in to the end" however it finishes however long but when its digital the issue of dealing with to many worthless notes in the wheelbarrow is eliminated ( some will always deal with cash ) except that u still would have little buying power, being digital could allow more time to slow walk the economy who knows, right  .... lets go iraq u can do it ......cheers dv   

[Laid Back]

1 hour ago, King Bean said:

 

Yes....so let's add value at the P.O.S.   As it stands now, it's not worth a P.O.S.  

Hahaha.. Good one KB😂

[wealthhound]

4 hours ago, Laid Back said:

CBI Is moving forward with the implementation of electronic payment and P.O.S

 

This means people opening banks accounts and depositing the chunky cash also means less dinar notes in circulation 

 

Go electronic payment

Go new monetary policy 

Go RV

Go $1:1

 

 

I always enjoy your posts LB...straight and to the point!

[crazyjerry]

Wow, I've got to come alive here, no longer a watcher, all these positive posts about the new Qi cards, definitely marks a change from the neutral, if not negative, to the positive. I can't hardly believe it, I thought this site was a grave yard,  full of useless nonsense, and now it's alive and kicking. I'm ready to go  to the bank with my lone 25,000 note.

[magawatt]

7 hours ago, 3n1 said:

imo and not to be on the negative side at all cause i've always been "in to the end" however it finishes however long but when its digital the issue of dealing with to many worthless notes in the wheelbarrow is eliminated ( some will always deal with cash ) except that u still would have little buying power, being digital could allow more time to slow walk the economy who knows, right  .... lets go iraq u can do it ......cheers dv   

 

[magawatt]

Maybe it is not so much the weight of the currency as much as the purchasing power.  1:1 would float all boats.

Edited September 6, 2017 by magawatt
Typo

[Laid Back]

4 hours ago, wealthhound said:

I always enjoy your posts LB...straight and to the point!

Thanks wealthhound 

Always straight and to the point.

 

Go RV

Go $1:1

[DinarThug]

Here It Is Translated With A Comment From Delta At The Bottom Regarding The Original Date Of The Memo !  

 

 

 

Subscription controls for retail payment infrastructure

 

 

 September 06, 2017

 

 To / pay companies by mobile

Distribution controls in the retail payment infrastructure for the
purpose of organizing and managing the work of e-payment providers through mobile phone

International best practice The corporate controls on retail
payment infrastructure have been updated

In line with the adoption of the work plan 4 and to work
accordingly from the date of publication of this book

with respect
Attachments
Subscription controls in the modified retail payment system

https://cbi.iq/news/view/392

 

 

THE DATE OF THIS MEMO IS 07/20/17.....BUT THEY ARE SHOWING IT TO US TODAY!!! 

DELTA

 

 

[DinarThug]

Previous Related Articles ...

 

 

(by walkingstick)

Calls for the launch of "mobile" banking and leaving paper transactions

May 6, 2017

The governor of the Central Bank of Iraq, Ali Mohsen Alalak, government and private banks to activate mobile banking in the country, stressing that the infrastructure of the Central Bank is ready to launch this project.

The activities of the conference of banking technologies at the Babylon Hotel in the center of the capital Baghdad took place with the participation of 30 companies from 7 Arab and foreign countries.

The correspondent of the Journal, who attended the conference, said that "the work of the conference of banking technologies started in the center of the capital Baghdad with the participation of 30 companies from 7 countries." He pointed out that "the large economic figures attended the conference, including the Governor of the Central Bank Ali Alalak and financial adviser to the Prime Minister appearance Mohammed Saleh And the Chairman of the Baghdad Investment Commission in addition to foreign and Arab delegations.

The governor of the Central Bank Ali Alaak, "The mobile banking will shorten the many problems on the citizen instead of standing in long queues to complete paper transactions .. And resort to electronic transactions shorten the time and costs of transport and effort to complete transactions and a great speed and less cost is the basis that governs the relationship between Banks and the public. "

"The Central Bank has the infrastructure to absorb this project and also has systems in the world to absorb technological developments and we have no problem in understanding these developments," he stressed.

"What we are looking forward to is that these investments will reduce paper transactions and replace them with electronic transactions in order to reach the level of mobile banking services, which should be all public and private banks have plans capable of achieving such a project."

He pointed out that "the Central Bank has begun important steps, especially the distribution of salaries of state employees through banks and banking offices, which represents the spark of an important start in this recruitment is a great exam for the banking sector between the public and the bank and the relationship must be transparent and everyone who deals with the banking sector Development and progress and easy access to what he wants without any routine and the cost of withdrawing salaries or delays in transactions.

Al-Alak called on all banks to interact with what is advanced for banking and to promote hard work to compete with international banks.

On the other hand called the President of the Association of Iraqi private banks and Wadih Nuri al-Hanal, technology companies, telecommunications and information providers to cooperate with the banking sector to activate electronic banking services and upgrade the level of global banks.

"The demographic structure in Iraq requires the transition to electronic banks and access to the financial coverage we aspire to," he said. "This conference is the first conference of banking technology in Baghdad with the participation of foreign banks."

He added that "banking technology is very important and requires banks to pay attention to the development of their means to enter the world of electronic banking and to a society free of cash to the banking sectors and move to electronic banks, providing a huge amount of information and remove customers from the risk of theft of cash."

He stressed the development of banks and the continuation of the steps of the Central Bank in support of banks and development in the launch of projects that serve the citizen.

The first day of the conference included the first three sessions to discuss the settlement of salaries of employees in the presence of the appearance of Mohammed Saleh and the Director General of the Payments Department at the Central Bank, Suha Abdul Karim and the Director General of the Department of Information and Communication Technology at the Central Bank Adnan Asaad and managed by the Executive Director of the Association of Private Banks Ali Tariq, For information technology in Iraq, while the last session discussed electronic banking in Iraq.

The Association of Private Banks, announced earlier, the launch of the Conference of Banking Technologies in the beginning of May with the participation of 30 foreign and Arab and local companies from seven countries, stressing that the purpose of the conference is to inform Iraqi banks, government and private services provided by companies in addition to stimulate global companies To enter the Iraqi market and provide their products.

The Executive Director of the Association of Private Banks, Ali Tariq, said in a press statement that "the Association of Private Banks organized the Banking Technologies Conference in Baghdad on the sixth and seventh of May with the participation of 30 foreign and Arab and local companies from the countries of Turkey, Jordan, Lebanon, UAE, Bahrain, Morocco and Iraq, Central Bank, "adding that" the conference will address the strategy of the Central Bank and the development of banking technology using modern technology and balance of payments and the project to settle salaries and infrastructure of banking programs and electronic payment tools modern. "

He added that "the purpose of holding the conference of banking technologies is to inform the Iraqi government and private banks on the services provided by companies in addition to stimulate international companies to enter the Iraqi market and the provision of products."

http://translate.google.com/tr.....25D9%2584/

 

[DinarThug]

Mobile payment system in Iraq aims to help 12,000 farmers return

By Rudaw 4/8/2017

ERBIL, Kurdistan Region — Short message service (SMS) technology will allow thousands of rural farmers to be paid electronically and return to their agrarian livelihoods in areas of northern Iraq recently liberated from ISIS and in the Kurdistan Region.

“Participant names and identity numbers are pre-registered with the company [Zain], and they receive a free SIM card,” detailed the UN Food and Agriculture Organization (FAO). “Once each person completes a certain number of days of work, they receive a text message containing a personalised security code.

“They can then collect their wages from any certified money mobile transfer agent, provided their code and identity number match those registered.”

The Belgium government-funded programme will support 12,000 conflict-affected people in 30 villages in Kirkuk, Anbar, Salahaddin and Nineveh governorates.

“As well as providing much-needed income for participants, the programme will improve agricultural production in the surrounding communities, through activities including rehabilitating canals for irrigation to grow crops and preparing farmland for planting,” said Fadel El-Zubi, FAO Representative in Iraq El-Zubi. 

FAO and Iraq’s Zain telecommunications have partnered for the “cash-for-work programme.”

“This, in turn, will encourage community members still displaced by conflict to return home and begin farming again,” Zubi added. “FAO’s aim is to support people to get back on their feet as quickly as possible, and reduce their reliance on food assistance.”

As of 15 July, more than 3.3 million people remained displaced within Iraq, while about 2 million had returned home, according to UN data.

Around 12 million Iraqis live in rural areas and depend on agriculture for their livelihoods. Decades of conflict have destroyed fields, farms, infrastructure, livestock and crops.
 
“The use of mobile technology will streamline the safe delivery of cash transfers to participants, who are some of the most vulnerable people in the country,” said Zubi.

FAO estimates $74.5 million is needed to assist 1.39 million people this year who work in the husbandry and agriculture industries.
 
In addition to fighting ISIS, the US-led global coalition is committed to stabilization. In March, they announced more than $2 billion of funding commitments from partners.

“We’re going to continue those efforts,” said US Secretary of State Rex Tillerson on Tuesday.

Tillerson explained that stabilization for the State Department means security through local law enforcement — “faces they recognize” — and “restoring fundamental needs to the community – power, water, sewage.”

He added: “We get the essentials in place. We’re not there to rebuild their communities. That’s for them to do and that’s for the international community to marshal the resources to allow them to do that.”

http://www.rudaw.net/english/middleeast/iraq/04082017

Iraqi Farmers to Get Needed Cash Via Mobile Phones

August 02, 2017

LONDON — 
Families in rural Iraq will get access to urgently needed cash to invest in farming via a new money transfer program on mobile phones funded by the Belgium government, the United Nation’s food agency said Wednesday.

The Food and Agriculture Organization (FAO) said the cash-for-work program will benefit more than 12,000 farmers in more than 30 villages by providing a secure means of receiving funds to restart or expand agricultural activities.

The move comes after years of conflict that destroyed or damaged harvests across Iraq, where about 12 million people depend on agriculture. This has left about 3.2 million of Iraqi’s 38 million people without regular food.

Safe way to send money

Fadel El-Zubi, FAO representative in Iraq, said the workers and families involved in the program are from households with no other income source, including women who are often the sole breadwinners, and people with disabilities.

“The use of mobile technology will streamline the safe delivery of cash transfers to participants, who are some of the most vulnerable people in the country,” he said in a statement.

The payments are facilitated by FAO in partnership with mobile telecommunications group Zain, which has operations in eight Middle Eastern and African countries.

Participant names and identity numbers are pre-registered with the company and they receive a free SIM card.

Once they complete a certain number of days of work, they receive a text message with a security code and can then collect their wages from certified money mobile transfer agents.

Farm workers encouraged to return

El-Zubi said the program would encourage Iraqis displaced by conflict to return home and resume farming with the FAO seeking $74.5 million to assist 1.39 million people this year.

“Providing income opportunities is critical in rural areas affected by conflict,” El-Zubi said. “FAO’s aim is to support people to get back on their feet as quickly as possible, and reduce their reliance on food assistance.”

Sarah Bailey, an expert on emergency cash transfer programming at the Overseas Development Institute (ODI) thinktank, said giving people money was giving them choice.

“Increasing people’s options to invest, to meet their families’ needs, to send their children to school, that’s all extraordinarily positive,” Bailey told the Thomson Reuters Foundation.

https://www.voanews.com/a/iraq-farmers-get-cash-by-mobile-phone/3970407.html

 

[NoviceInvestor]

Interesting to read.. thank you Yota, and it all sounds positive but we are still waiting for the GOI to  enact certain law... Still we Wait ..

Edited September 7, 2017 by NoviceInvestor

[sandfly]

thanks