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6ly410

Go Iraq

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I know it's late here in the US...that i should be in bed sleeping by now. But before I go to sleep, just have to share what this goat has to say about the 2020 budget from the recent news. Here is what the goat said: "the budget 2020 will be a control budget enhanced the final accounts from 2012 to 2018."  WOW...can it get any clearer with telling us they plan to reinstate their currency by 2020 without telling us." I say where in the $/^^^^ say that Iraq plan to reinstate their currency by 2020. That is the goat's opinion by the way. This is my opinion ...the 2020 budget will contain that new rate because as they said it will be different from any other budgets since 2003...this is due to the FML being put in place as a control tool in creating this budget. Having said that, the rate can show at any time, at any day...I said that because we don't know exactly when this rate is going to hit us. The rate or the reinstatement of the iqd has got to take place before the year 2020....why? as anyone might ask....my answer would be if the rate changes today or any other day, this would tell us why they said the 2020 budget will be different from any other budgets combine since the year 2003...and why? This is what the FML says:   "will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country." Cheers bros an all our dvers fans. I can go to sleep now.

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6 hours ago, navira said:

How are things bro?..just had to step away to celebrate for my pops bday...cheers bro

doing great bro pumped up haha cheers 

Edited by 6ly410
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5 hours ago, navira said:

But before I go to sleep, just have to share what this goat has to say   

I can go to sleep now.

 

Wtf - Counting Goats Instead Of Sheep Will Probably Come Back And Bite U In The A$$ ! :o 

 

Sheep Push GIF - Sheep Push Bully GIFs

 

:D  :D  :D 

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Iraqi banks and QI CART. Financial technology eliminates corruption and tax evasion


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6th June, 2019 by Ahmed Tabshaly
 

Financial technology, or "Fintech", is like rewriting rules for the financial sector by simplifying traditional monetary methods by adopting techniques such as smart phones for banking, and using artificial intelligence to provide investment, insurance and lending services. 

In the developed world, services aim to transform the competitive landscape to the consumer by reducing costs and increasing options, while in the developing world there are opportunities to enter the financial services world, bypassing infrastructure obstacles to the extent that they allow, even those who do not have financial accounts to carry out financial operations.  In Iraq, the introduction of these services has become possible because of the rapid trend of mobile phones since 2003. The Internet came after a slight decline in mobile penetration since 2014 due to the occupation of the "Daqsh" organization for one-third of the state.

The growth in mobile phone sales has resulted in a steady decline in usage costs and an increase in Internet speeds, both of which are a prerequisite for the spread of Fintech cards everywhere.  In Kenya and China, for example, the proliferation of mobile phones has helped people who do not have access to a bank use cell phone wallets to transfer money online. This service was provided by companies such as M-Pesa in Kenya, Alipay - WeChat Pay »in China. In Iraq, the road was paved with the adoption of the "Card Card" produced by the local International Smart Card Company. By winning government pay, pensions and social security payments, International Smart Card has registered about 7 million people using the biometric Qi card to receive money through state banks, private banks or the International Smart Card network, 14 A proxy, has replaced the previous traditional cash operation that was cumbersome, and prone to abuse.

Among the beneficiaries are 5 million active users of the "Qi Card" card. International Smart Card has almost completed the registration of civil servants in the government, but the registration of members of the armed forces has not yet taken place.  Through the innovative use of biometrics, the Qi Card system enables customers to register, identify, bypass the PIN chip and the old structure, and provide an effective solution to overcome identity fraud that has spread to the epidemic. Although the "Qi Card" operates through Internet and mobile applications to display account statements and balances, it is not a mobile wallet or mobile money provider.

Asia Cell Money and ZainCash are licensed as mobile service providers in late 2015 and early 2016. They are regulated through the Central Bank of Iraq. Although they are much smaller than the Qi Card cards, with only 5 to 10 percent of mobile phone users, the three systems operate in similar ways that make other players appear to be burdensome, and offer potential for future interoperability For mobile funds across different platforms.

As in Africa, the first step towards financial integration is the use of technology to receive salaries and other monetary benefits. The simplest model is to use the 'cash withdrawal' feature, which involves taking all cash in cash and ignoring the card or mobile wallet until the next cycle.  The next step involves using an ID card or mobile wallet as an electronic payment tool for a wide range of goods and services, but this may be faced with cultural resistance. The main challenge here is to win the confidence of providers of goods and services. Just as the US dollar bears the word "In God We Trust", small businesses live on the mantra of "everyone else pays in cash."

One way to overcome these uncertainties is to increase the number of outlets using the card or mobile wallet. While online shopping in Iraq is growing through local e-commerce outlets such as Miswag, an online shopping platform that offers a range of products from clothing to electronics, cash is still being paid when goods are purchased online.  As it did when it began to pay salaries and benefits through the "Qi Card" card, the Iraqi government could play a leading role in absorbing non-cash transactions if it allowed electronic payment of utility bills and government service fees at state-owned facilities. But instead of creating incentives based on the less expensive non-cash transaction market, the state bureaucracy seems to have chosen to impose the adoption of the new pattern only through coercion.

The most difficult obstacle to transparency is the adoption of the new Fintech style. Every financial transaction must leave behind an impact or a documentary document, which is faced with resistance from the culture of corruption and tax evasion in the country. Therefore, corruption is the primary beneficiary of the continuation of the monetary system. Companies will benefit, whether legal or Those operating under the economic economy, would reduce Fintech's operating costs, but would be forced to reveal its real sales volume, higher taxes and rent volatility that arose in the context of decentralized corruption that spread after 2003.  Despite many challenges, Iraq has gone a long way towards financial integration over the turbulent few years, as evidenced by the World Bank's Global Endeavors database issued in 2017. The number of Iraqis with bank accounts rose from 11 per cent in 2014 to 20.3 per cent in 2017 This growth occurred during the time period Financial St. in 2014 - 2017where many banks went through crisis of confidence. 19.1 per cent of the population has a digital conversion service that is promising in itself, compared to the rest of the region.

Most importantly, Qi Card's innovative credit rating and crediting process, as set out in the country's largest government bank, the Rafidain Bank, has resulted in more than $ 2 billion of loans issued in 2018, The first of the company's work. Loans ranged between IQD 1 million and 10 million ($ 840-8400), with about 9 per cent of this amount payable over 60 months, of which more than 60 per cent went to start-ups. The figure of $ 2 billion, although small in absolute terms, is positive compared to the total credit value of $ 17 billion, which was paid to the Iraqi private sector in 2018, according to the Central Bank of Iraq. These figures show that loans can grow as soon as the old credit and valuation process is changed by Fintech. - Assistant Professor, American University of Iraq, Chief Investment Officer, AFC Fund Member, Board of Directors of the Iraqi Credit Bank.

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Central Bank Building


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7th June, 2019 by Hadi Glow Meri

Will the building of the new Central Bank of Iraq in Baghdad, located on the shore of the Tigris cause unprecedented enthusiasm to modernize the capital, and investment in the construction sector, whether in the field of commercial towers, or residential, with the signs of it, and talk of those responsible for the intention to contract with companies Major in this area was the latest statement by the Governor of Baghdad on the intention to build the highest commercial tower of its kind in the coming period

Exciting designs of the late architect Zaha Hadid The building of the Central Bank of Iraq is spectacular, terrifying and frightening because of the size of the space it occupies, the height of the building, the type of design and its beauty, and I have the opportunity to be in the place surrounding the building where the first stages of work were carried out. A global company has completed its foundations and infrastructure, what we will see with our eyes from a distance of tens of kilometers during the coming period represents the Central Bank as a visible building, but the fact is that it includes the infrastructure below, and an institution with a very modern technology to be linked to the network of global banks It is a continuous work around the clock. Mechanics, engineers, workers and trucks are in constant motion, without interruption throughout the day and night, and you can find continuous work whether you pass from the place at 10am, 10pm, or at dawn

The images and information available about the new central bank building in Baghdad show the capital's hotels, shopping malls and buildings like pygmies in the face of it, which is a great pleasure for it is enough to spur investors, state institutions, money holders, local companies and foreign investors to discuss ways to compete and provide new plans and designs for the capital including This includes high-rise towers that offer greater investment opportunities for companies and investment owners and those interested in local contracting to take advantage of them

After less than three years, we will see a high-rise building of up to 37 floors, the highest yet. A British company is working on the latest construction technology and will be a milestone in the economic boom in Iraq

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33 minutes ago, BETTYBOOP said:

My crystal is still saying yes on or  by 16th of month. All thingscrossed.

:praying::praying::praying:

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32 minutes ago, BETTYBOOP said:

My crystal is still saying yes on or  by 16th of month. All thingscrossed.

 

LOL, well that works for me @BETTYBOOP . I want to retire so bad and this RV would be the icing on the cake.

 

pp

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46 minutes ago, BETTYBOOP said:

All thingscrossed.

 

Weegie’s All Over This ! :o 

 

ISee No Problem Here Crazy Eyes GIF - ISeeNoProblemHere CrazyEyes GIFs

 

:D  :D  :D 

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1 hour ago, Floridian said:

@Betty Boop  that would make one heck of a Father's Day, for sure!  😀

 

Be Careful Of Those Father’s Day Surprises ! :o  

 

mcdonald%2527s.jpg

 

:D  :D  :D 

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1 hour ago, BETTYBOOP said:

My crystal is still saying yes on or  by 16th of month. All thingscrossed.

Please let it be!!! 🙏🙏🙏

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6ly410 it’s  the 7 month anniversary of the start of this thread ... Time you and Nav cracked another bottle to mark the occasion... 🍾🥂.. Time flies when your having fun 💵😊

Edited by NoviceInvestor
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I am celebrating the anniversary making some vegetable stew.   Right?  Heck I dont know.  I cant see anything.
Image result for blind gif funny

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1 hour ago, NoviceInvestor said:

6ly410 it’s  the 7 month anniversary of the start of this thread ...

Time you and Nav cracked another bottle to mark the occasion... 🍾 🥂 ..

 

OMG - Don’t Encourage Them ! :o 

 

Drunk Fucked Up GIF
 
:D  :D  :D 
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The Bro’s Are Gonna Paint The Town This Weekend ! :o  

 

wasted GIF
 
:D  :D  :D 
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POOOOF You are a BRO  :D

 

8 minutes ago, davis411 said:

Ahhhh damn

i want to be a BRO

 

make me a bro 

 

 

 

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4 minutes ago, nannab said:

POOOOF You are a BRO  :D

 

 

It cant be that easy. There must be a secret hand shake or something. We may need to make up a new BRO emogi(Hand shake with a shoulder bump) should do it.

Edited by jg1
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