HELP PLEASE??? PUBLISHED YESTERDAY IN THE GAZETTE: Law on ratification of the provisions of the Convention on the Regulation of electronic signature

[TBomb]

PUBLISHED YESTERDAY IN THE GAZETTE: Law on ratification of the provisions of the Convention on the Regulation of electronic signature in the field of electronic transactions in the Arab countries

 

http://www.iraq-lg-law.org/en/node/2602

11/20/2012

The people in the name of
the Presidential Council
on the basis of what was approved by the House of Representatives and, according to the provisions of clause (I) of Article (61) and item (iii) of Article (73) of the Constitution
Act as follows:

No. () of 2012

Law on ratification of the provisions of the Convention on the Regulation of electronic signature in the field of electronic transactions in the Arab countries

Article 1 - the ratification of the provisions of the Convention on the Regulation of electronic signature in the field of electronic transactions in the Arab countries, signed in Cairo on 3/12/2008.
article - 2 - This law shall be from the date of its publication in the Official Gazette.

Reasons:
    for the purpose of enhancing cooperation between the Republic of Iraq and the Arab countries in the field of regulation provisions for electronic signature as a component of Arab economic integration in the framework of the economic union between the countries of the university and in order to ratify the Convention on the Regulation provisions of electronic signature in the field of electronic transactions in the Arab countries.
           initiated this law

 

http://ar.parliament.iq/LiveWebsites/Arabic/Container.aspx?LawID=257

 

***LOL YOU MAY ASK YOURSELF 'WHY IS TBOMB POSTING THIS NOW?'  HERE'S THE ANSWER WHICH LEADS TO A QUESTION - LOL:

 

AS WE KNOW - THE GAZETTE ALREADY CONTAINED (ALTHOUGH I JUST LOOKED AND THEY DELETED IT FROM JULY 2 AND MOVED IT TO TODAY, JULY 8) A "PUBLISHED" LAW ON ELECTRONIC SIGNATURES - AND TODAY THEY (AGAIN) UPLOADED THIS LAW ENTITLED: "Law No. (12) of the 2014 accession of the Republic of Iraq to the agreement establishing the International Islamic Trade Finance" - NOW, IF YOU OPEN THIS LAW "ISLAMIC TRADE FINANCE" - IT SAYS "Date of publication:  9 Jun 2014"

 

NOW, THERE'S NOTHING POSTED IN THE GAZETTE, NOR AT THE PARLIAMENT SITE FOR JUNE 9 2014. HOWEVER, IF YOU LISTEN TO THE C-SPAN VIDEO - FAUD HUSSEIN, REP FOR KURDISTAN REGION STATES AND I'M PARAPHRASING THAT THE BREAK WITH IRAQ OCCURRED AS RESULT OF THE ACTIONS OF THE MALIKI GOVT ON JUNE 9 2014.  WHAT WAS THIS ACTION?  WELL, IN PART, THIS HAPPENED:

 

http://www.ekurd.net/mismas/articles/misc2014/6/kurdlocal1633.htm

 

 

June 9, 2014

Slêmanî (Sulaimaniyah), Erbil-Hewlêr, Duhok, Kirkuk [Kerkûk], Raniya, Halabja, Kurdistan Region 'Iraq'

Kurdish Parliament works to establish a private oil company in Kurdistan region like Iraq's Sumo

Erbil: The Committee of Energy and Natural Resources in Kurdistan Parliament announced on Sunday seeking to prepare a draft law to establish (Oil Company of the Kurdistan region) and its work is similar to the Iraqi oil marketing company SOMO, to export and sell Kurdistan oil in global markets. The site of the Kurdistan Democratic Party KDP quoted Chairman of the committee Circo Jaudat as saying that his committee met today with a representative of the President of the Kurdistan Regional Government, and it was decided during the meeting to agree on a specific mechanism for the organization of joint work between our committee and the Ministry of Natural Resources. He explained that the mechanism includes the participation of the Energy Committee in all public activities of the ministry, and the formation of a higher committee with the participation of a number of specialists, including specialists in environmental and petroleum engineering, economy and trade in oil field. ninanews.com

  

  

ISIS in Mosul, as thousands of residents flee to Kurdistan

Erbil/Mosul: Fighters of the Islamic State of Iraq and Sham (ISIS) still control eight neighborhoods of Mosul, Iraq’s interior ministry said, as local officials demanded help from Kurdistani Peshmerga forces to oust the al-Qaeda splinter group. Meanwhile, thousands seeking safety from the worsening security situation in Nineveh province -- where Mosul is the capital -- fled to the Kurdistan Region. "ISIS militants attempted to control Mosul International Hotel, but Iraqi security forces repelled the attack and killed 20 militants, including five snipers, and destroyed three vehicles," said Brigadier General Saad Ma'an, spokesman of the Iraqi interior ministry. Esmat Rajab, head of the Kurdistan Democratic Party’s (KDP) bureau in Mosul, confirmed the account of the interior ministry spokesman. “As far as we know, they (ISIS) attempted to control Mosul International Hotel, but their attempt was defeated," he said. ..rudaw.net

Attachment

 

IF YOU GO TO THE ISLAMIC FINANCE LAW IN THE GAZETTE (REFERENCED ABOVE) - AND YOU CLICK ON THE "TRADE" LINK IN THIS LAW - AS THIS IS THE SECTION OF THE GAZETTE FROM WHERE THIS LAW IS POSTED, I BELIEVE BECAUSE OF THIS AND THE OTHER LAWS IN THIS "TRADE" SECTION, WITHIN THE GAZETTE, THAT THIS LAW IS SPEAKING TO THE TRADING OF OIL WITHIN THE ARAB COUNTRIES - AND BECAUSE THE ELECTRONIC SIGNATURE LAW , AT LEAST IN SO FAR AS THE PARLIAMENT RELATED STATEMENTS SAYS, THAT IT'S TO "Reasons:

 

    for the purpose of enhancing cooperation between the Republic of Iraq and the Arab countries in the field of regulation provisions for electronic signature as a component of Arab economic integration in the framework of the economic union between the countries of the university and in order to ratify the Convention on the Regulation provisions of electronic signature in the field of electronic transactions in the Arab countries."
           initiated this law

 

BECAUSE THEY DON'T SPECIFY THAT THIS IS DEFINITIVELY FOR PEOPLE, TRADING BETWEEN COUNTRIES OR FOR TRANSACTION WITHIN THE ARAB LEAGUE OR ARAB COUNTRIES, WE CANNOT BE ABSOLUTELY SURE WHAT'S HAPPENING.  SO, WE NEED A TRANSLATOR - CAN ANYONE FORWARD THIS, PLEASE?  

 

I FIND IT ODD THAT WE'RE SEEING THESE LAWS COME SO CLOSE TOGETHER AND ON THE HEELS OF THE KURDS WANTING TO SELL THEIR OIL WITHOUT THE INVOLVEMENT OF THE IRAQI GOVT.  I WANT TO BE SURE WE'RE TALKING MOSTLY ABOUT GOVT TRADE BETWEEN ARAB COUNTRIES AND NOT PUBLIC SECTOR TRADING. 

DENIS I SEE YOU READING THIS CAN YOU GET TO GATEKEEPERS? PLEASE?

[Frangipani]

T  do you think gatekeeprs can help they mostly talk about politics?

Edited July 9, 2014 by Frangipani

[deniscanada]

Nice find.

Thanks

[easyrider]

This is HUGE!!!!! this is for international transactions they gotta have a new rate to do this.  Great find.

Edited July 9, 2014 by easyrider

[10 YEARS LATER]

HUGE & Promising . . .  .get after it and push the button you knuckleheads.

[dontlop]

Would they need this for the stock market ?

[TBomb]

This is HUGE!!!!! this is for international transactions they gotta have a new rate to do this.  Great find.

 

EASY NOT NECESSARILY TRUE - IF YOU GO BACK THROUGH THE COM ANNOUNCEMENTS - I POSTED HERE A FEW MONTHS AGO - THE COM REFERENCES THAT IQD IS THE ONLY OFFICIAL TENDER TO BE USED - IN THAT STATEMENT THEY REFERENCE THE PAYMENTS IN, AND THIS IS JUST AN EXAMPLE FIGURE OF 500,000 , BUT THEY IN THE COM ARTICLE LIST THE PAYMENTS AS " IQD/SDR" - AND THEN IF YOU RESEARCH FURTHER, THAT ACTUALLY - THE ARAB INTERGOVERNMENTAL OR MONETARY FUND HAS AN CONVERTIBLE EXCHANGE RATE BETWEEN THEM -

 

SO EASY, THEY MAY BE PAYING THEIR DEBT TO THE IMF IN THE ARAB DINAR WITH A DIFFERENT VALUE AT AN "AAD" RATE (WHICH IS 3X THE VALUE OF THE SDR) - SO THIS WOULD ELUDE TO THE FACT THAT IRAQ STILL HAS TO CONVERT THEIR LOCAL CURRENCY TO THE SDR WHICH, WHEREBY, THEY PAY THEIR DEBT TO THE IMF.

 

SO WHAT ARE WE REALLY SAYING HERE - WE'RE SAYING THAT THEY'RE NOT CONVERTING THE IQD DIRECTLY INTO THE SDR - THEY'RE CONVERTING IT INTO THE AAD - AND THIS IS THE CURRENCY WHICH MAY PERTAIN TO THE LAW OF ISLAMIC TRADE - PART OF THIS ELECTRONIC SIGNATURE LAW ALLOWS EITHER OR BOTH THE GOVT OR THE PEOPLE TO DO TRANSACTIONS VIA SIGNATURE - IF THEY WANT TO PAY A BILL OR WHATEVER - IT CAN BE DONE WITHIN THE ARAB COUNTRIES VIA SIGNATURE BECAUSE OF THIS LAW.

 

 

 

 

HERE'S A QUOTE FROM WHERE I'M GETTING THIS INFO AND THIS IS BASED ON JC COLLINS ASSESSMENTS:

 

"Public SDR’s are the official SDR’s, or official reserve assets which are currently weighted on the value of the foreign reserves denominated in the respective currencies which make up its composition basket.  The Chinese renminbi will be added to this basket by years end.

 

Private SDR’s are for the application of wealth flow outside the official framework.  Some of these channels are found within the accounts of international organizations.  The accounts of these organizations are maintained in SDR’s.  Even the transit fees of the Suez Canal are denominated in SDR’s.

 

Some of the international organizations mentioned above would be the Sovereign Wealth Funds of the world, such as the Arab Monetary Fund.

 

The AMF accounts are maintained in Arab Accounting Dinars, or AAD.  Never heard of this?  Don’t be surprised, there is much hidden in the transition to the SDR.

 

The Arab Accounting Dinar is a regional currency used by all governing members of the AAF and all governing members of the AAF are the central banks of the middle eastern region, including Iraq and Syria, as well as Saudi Arabia and Kuwait.  Sounds like a regional currency, though its only being used by Sovereign Wealth Funds and not by the central banks and governments themselves.  This will change and much can be determined by the fact that the AAD is directly linked to the SDR at a rate of 1 AAD to 3 SDR’s.

 

You see, the SDR is already being used as a supra-currency, but only in the accounting of the international funds which exist outside of the official framework.  Private SDR’s are already accepted by the international financial world.  Now it is time to bring forth the Public SDR as the solution to a very contrived problem.

 

The amount of Public SDR’s, or official foreign reserves, can only be increased by a majority vote of the International Monetary Fund’s Executive Board.  The United States controls the majority vote on the board which is why the 2010 Governance Reforms are specifically tailored to allow for a fair consensus on official SDR reserve increases.  This will be happen by years end."

 

http://philosophyofmetrics.com/2014/07/03/the-arcane-sdr-supra-macro-asset/

 

DEFINITION OF THE AAD:

 

ARAB MONETARY FUND

Arab Intergovernmental institution established by an agreement signed in Rabat in April 1976 and entered into force on 2 February 1977. It is composed of all members of the League of Arab States, except the Comoros.

Its principal aims are:

to promote the stability of exchange rates among Arab currencies and render them mutually convertible;

to correct disequilibria in the balance of payments of member states i.a. by providing loans;

to establish policies of monetary cooperation and coordinate the positions of member states in dealing with international financial and economic problems.

Its final aim is to promote the use of a common currency, the Arab Dinar, at the prospect of the economic integration of its members.

The Arab Accounting Dinar (AAD), the unit of account of the Arab Monetary Fund, is equivalent to 3 IMF Special Drawing Rights.

The headquarters of the Arab Monetary Fund are in Abu Dhabi (United Arab Emirates). The Director General of the Fund and Chairman of the Board of Executive Directors is Dr. Jassim Abdullah AL-MANAI, from Bahrain).

Form more information:

Arab Monetary Fund

 

http://www.medea.be/en/themes/economy-and-trade/arab-monetary-fund/

 

EVERYONE KNOWS I CERTAINLY AM NO ECONOMIST - I'M JUST LEARNING THIS STUFF, SO IF ANYONE WANTS TO CORRECT ME, PLEASE DO AND THANK YOU.

 

DOES THIS MEAN WE WILL NOT GET AN RV OR A FLOAT, OR A CHANGE IN THE CURRENCY???? - NO, THAT'S NOT WHAT I'M SAYING - I'M SIMPLY STATING THAT IRAQ HAS A DIFFERENT RATE AT WHICH THEY ARE ALLOWED TO PAY OFF THEIR IMF DEBT - SO MAYBE WE SHOULD STOP ASSUMING THEY HAVE NO MONEY - 

 

HERE IS THE LINK FOR THE PROOF THAT IRAQ IS/ARE A MEMBER OF ARAB MONETARY FUND

 

http://www.amf.org.ae/content/list-members-0

Edited July 9, 2014 by TBomb

[dontlop]

Isx going live could require electronic signitures

Can I actually open an account online?

Yes, you can open an account with many brokerage firms online; however, in most instances your account will not be active until the brokerage firm receives and processes a signed application from you. Note that some firms allow for the use of electronic signatures, while others will require a manually (hand written) signed document. Some firms will gather basic information for your account over their Web Sites, then mail you the pre-completed application for you to sign and return. Please make sure to check with your brokerage firm for information on specific guidelines.

[easyrider]

EASY NOT NECESSARILY TRUE - IF YOU GO BACK THROUGH THE COM ANNOUNCEMENTS - I POSTED HERE A FEW MONTHS AGO - THE COM REFERENCES THAT IQD IS THE ONLY OFFICIAL TENDER TO BE USED - IN THAT STATEMENT THEY REFERENCE THE PAYMENTS IN, AND THIS IS JUST AN EXAMPLE FIGURE OF 500,000 , BUT THEY IN THE COM ARTICLE LIST THE PAYMENTS AS " IQD/SDR" - AND THEN IF YOU RESEARCH FURTHER, THAT ACTUALLY - THE ARAB INTERGOVERNMENTAL OR MONETARY FUND HAS AN CONVERTIBLE EXCHANGE RATE BETWEEN THEM -

 

SO EASY, THEY MAY BE PAYING THEIR DEBT TO THE IMF IN THE ARAB DINAR WITH A DIFFERENT VALUE AT AN "AAD" RATE (WHICH IS 3X THE VALUE OF THE SDR) - SO THIS WOULD ELUDE TO THE FACT THAT IRAQ STILL HAS TO CONVERT THEIR LOCAL CURRENCY TO THE SDR WHICH, WHEREBY, THEY PAY THEIR DEBT TO THE IMF.

 

SO WHAT ARE WE REALLY SAYING HERE - WE'RE SAYING THAT THEY'RE NOT CONVERTING THE IQD DIRECTLY INTO THE SDR - THEY'RE CONVERTING IT INTO THE AAD - AND THIS IS THE CURRENCY WHICH MAY PERTAIN TO THE LAW OF ISLAMIC TRADE - PART OF THIS ELECTRONIC SIGNATURE LAW ALLOWS EITHER OR BOTH THE GOVT OR THE PEOPLE TO DO TRANSACTIONS VIA SIGNATURE - IF THEY WANT TO PAY A BILL OR WHATEVER - IT CAN BE DONE WITHIN THE ARAB COUNTRIES VIA SIGNATURE BECAUSE OF THIS LAW.

 

 

 

 

HERE'S A QUOTE FROM WHERE I'M GETTING THIS INFO AND THIS IS BASED ON JC COLLINS ASSESSMENTS:

 

"Public SDR’s are the official SDR’s, or official reserve assets which are currently weighted on the value of the foreign reserves denominated in the respective currencies which make up its composition basket.  The Chinese renminbi will be added to this basket by years end.

 

Private SDR’s are for the application of wealth flow outside the official framework.  Some of these channels are found within the accounts of international organizations.  The accounts of these organizations are maintained in SDR’s.  Even the transit fees of the Suez Canal are denominated in SDR’s.

 

Some of the international organizations mentioned above would be the Sovereign Wealth Funds of the world, such as the Arab Monetary Fund.

 

The AMF accounts are maintained in Arab Accounting Dinars, or AAD.  Never heard of this?  Don’t be surprised, there is much hidden in the transition to the SDR.

 

The Arab Accounting Dinar is a regional currency used by all governing members of the AAF and all governing members of the AAF are the central banks of the middle eastern region, including Iraq and Syria, as well as Saudi Arabia and Kuwait.  Sounds like a regional currency, though its only being used by Sovereign Wealth Funds and not by the central banks and governments themselves.  This will change and much can be determined by the fact that the AAD is directly linked to the SDR at a rate of 1 AAD to 3 SDR’s.

 

You see, the SDR is already being used as a supra-currency, but only in the accounting of the international funds which exist outside of the official framework.  Private SDR’s are already accepted by the international financial world.  Now it is time to bring forth the Public SDR as the solution to a very contrived problem.

 

The amount of Public SDR’s, or official foreign reserves, can only be increased by a majority vote of the International Monetary Fund’s Executive Board.  The United States controls the majority vote on the board which is why the 2010 Governance Reforms are specifically tailored to allow for a fair consensus on official SDR reserve increases.  This will be happen by years end."

 

http://philosophyofmetrics.com/2014/07/03/the-arcane-sdr-supra-macro-asset/

 

DEFINITION OF THE AAD:

 

ARAB MONETARY FUND

Arab Intergovernmental institution established by an agreement signed in Rabat in April 1976 and entered into force on 2 February 1977. It is composed of all members of the League of Arab States, except the Comoros.

Its principal aims are:

to promote the stability of exchange rates among Arab currencies and render them mutually convertible;

to correct disequilibria in the balance of payments of member states i.a. by providing loans;

to establish policies of monetary cooperation and coordinate the positions of member states in dealing with international financial and economic problems.

Its final aim is to promote the use of a common currency, the Arab Dinar, at the prospect of the economic integration of its members.

The Arab Accounting Dinar (AAD), the unit of account of the Arab Monetary Fund, is equivalent to 3 IMF Special Drawing Rights.

The headquarters of the Arab Monetary Fund are in Abu Dhabi (United Arab Emirates). The Director General of the Fund and Chairman of the Board of Executive Directors is Dr. Jassim Abdullah AL-MANAI, from Bahrain).

Form more information:

Arab Monetary Fund

 

http://www.medea.be/en/themes/economy-and-trade/arab-monetary-fund/

 

EVERYONE KNOWS I CERTAINLY AM NO ECONOMIST - I'M JUST LEARNING THIS STUFF, SO IF ANYONE WANTS TO CORRECT ME, PLEASE DO AND THANK YOU.

 

DOES THIS MEAN WE WILL NOT GET AN RV OR A FLOAT, OR A CHANGE IN THE CURRENCY???? - NO, THAT'S NOT WHAT I'M SAYING - I'M SIMPLY STATING THAT IRAQ HAS A DIFFERENT RATE AT WHICH THEY ARE ALLOWED TO PAY OFF THEIR IMF DEBT - SO MAYBE WE SHOULD STOP ASSUMING THEY HAVE NO MONEY - 

 

HERE IS THE LINK FOR THE PROOF THAT IRAQ IS/ARE A MEMBER OF ARAB MONETARY FUND

 

http://www.amf.org.ae/content/list-members-0

more than likely using 2 sets of books which  alot of government s do  because of budgets. So they could be using the new international rate until they seat the gov and the CBi gives it the go ahead to use whats in the budget.

[Redhorse]

Can one of the mods get this to Adam and see what he thinks?

[sandfly]

THANKS

[calkid11]

Thank you

[TBomb]

Central electronic payment system used to settle instruments between governmental institutions and banking

 

Thursday 10 July 2014 14: 56

 

 

Alsumaria news/Baghdad

The Central Bank of Iraq, said Thursday, using the payment system for the settlement of instruments between governmental institutions and banking, adding that the system would ensure the safety and efficiency of payment systems and clearing operations.

The Bank said in a statement received "alsumaria news" version of it, was "to develop the financial and banking sector in Iraq and reduce the phenomenon of bearing and circulating coins, it is taking a number of measures in the mechanized operations and settlement of payment orders between government institutions and banks electronically through the payments system, which uses a network of safe and efficient".

The Bank added that "the system will allow the operation and management of accounts settlement between participants to ensure the safety and efficiency of payment systems and clearing operations."

The Bank noted that "the Ministry of Finance has adopted the system in obtaining payment from different institutions instead of instruments", pointing out that "this is a fundamental step in the way of comprehensive mechanization of all financial transactions and performance of obligations in Iraq".

The banks have not kept pace with developments in the work of the World Bank, and the link between them is through the use of telephone and fax, and the Internet did not intervene until after the year 2004, the Central Bank is seeking to develop its banks through the introduction of modern technologies and global banks are bound to, to facilitate the transfer of funds to and from Iraq.

 

http://www.alsumaria.tv/news/105227/المركزي-يستخدم-نظام-المدفوعات-الإلكتروني/ar

[TBomb]

related thread

 

http://dinarvets.com/forums/index.php?/topic/182135-central-uses-the-electronic-payment-system-for-the-settlement-of-the-instruments-between-governmental-institutions-and-banking/

[TBomb]

TY MELIAHLORE :

 

CBI Arabic Announcement Translated - "press release ) to develop the financial and banking sector in Iraq and reducing the phenomenon of pregnancy and the circulation of money, it has taken the Central Bank of Iraq a number of actions in the automation of processes settlement instruments and payment orders between governmental institutions and banking electronically through the payments system of Iraq, which uses a network of safe and effective"
 

07/10/2014

 

POSSIBLE DROP THE ZEROS DOCUMENT?

Press release
Release from the Central Bank of Iraq

 

To develop the financial and banking sector in Iraq and the reducing the phenomenon of pregnancy and money circulation, has taken the CBI a number of actions in the automation of processes settlement instruments and payment orders between governmental institutions and banking electronically through the payments system of Iraq, which uses a network is safe and effective, where the central bank operates and manages the accounts of the settlement between the participants from which to ensure the safety and efficiency of payment systems and clearing operations.

 

The Ministry of Finance has adopted this system in obtaining the dues from various institutions instead of instruments, which is an essential step in the way of comprehensive mechanization of each financial transactions and means of performance of obligations in Iraq.

 

Central Bank of Iraq
Baghdad 07/10/2014

 

Original Document Link:
 

http://www.cbi.iq/documents/press%20for-pdf%2010-7-2014.pdf

Edited July 10, 2014 by TBomb

[utah rock]

T, you are the BOMB, keep it up. Thank you for all the effort and work you put into this dream. Thank you!

[Nadita]

more than likely using 2 sets of books which  alot of government s do  because of budgets. So they could be using the new international rate until they seat the gov and the CBi gives it the go ahead to use whats in the budget.

 

I was suspecting it..

TBOMB,

 

You really a weapon lol  I guess Sandfly did fire you out and hit the Iraqi news lol .. 

 

Keep up the good work..

Edited July 10, 2014 by Nadita

[outlawclg]

Bump

 

Thanks T