yota691 Posted July 28, 2020 Report Share Posted July 28, 2020 Parliamentary Finance proposes a roadmap to end “chunky money” in homes 20:12 - 27/07/2020 Tweet on Twitter Information / Baghdad Member of Parliamentary Finance Committee MP Jamal Cougar, on Sunday, presented a road map to end the file of hidden funds in homes. Cougar said in an interview with the "information", that "a large percentage of Iraqis intend to hoard money in homes and not deposit it in banks, whether financial or private for multiple reasons, stressing that compactness is a mistake and has significant economic damage." He added that "pushing the government to adopt electronic payment through a smart card for all the salaries of its employees and to make dealing with it as a unified framework through the disbursement of loans and depositing receipts for the money to the departments will pay the citizens to transfer their money to the electronic trading file in paying its expenses, whether for government departments or the private sector." He pointed out that "the file of the hoarding of funds will end up due to the road map that he put forward, which is the most influential and approved in almost all countries of the world, especially those with developed economies, pointing to the proposal to raise the interest rate has an impact, but our society is Islamic by 90% and does not interact with interest profits." Iraq suffers from a large proportion of the money siphoned in homes despite the presence of dozens of government and private banks due to lack of confidence in them. 25 p. Ended 4 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 28, 2020 Author Report Share Posted July 28, 2020 Parliamentary Finance proposes a road map to end the file "hoarding money" in homes Editing Date: 7/27/2020 20:16 • 167 read times Ayna News - Baghdad, a member of the Parliamentary Finance Committee, Representative Jamal Cougar, on Sunday presented a road map to end the file of hidden funds in homes. Cougars said, “A large percentage of Iraqis are hoarding money in homes and not depositing them in banks, whether they are financial or private for multiple reasons, stressing that compactness is a mistake and has great economic damage.” He added that "pushing the government to adopt electronic payment through a smart card for all the salaries of its employees and to make dealing with it as a unified framework through the disbursement of loans and depositing receipts for the money to the departments will pay the citizens to transfer their money to the electronic trading file in paying its expenses, whether for government departments or the private sector." He pointed out that "the file of the hoarding of funds will end up due to the road map that he put forward, which is the most influential and approved in almost all countries of the world, especially those with developed economies, pointing to the proposal to raise the interest rate has an impact, but our society is Islamic by 90% and does not interact with interest profits." Iraq suffers from a large proportion of the money siphoned in homes despite the presence of dozens of government and private banks due to lack of confidence in them. 3 2 Quote Link to comment Share on other sites More sharing options...
haymon Posted July 28, 2020 Report Share Posted July 28, 2020 Gee, I store my money, because I trust the world so much. 1 3 Quote Link to comment Share on other sites More sharing options...
Smokey Mtn. Dinar Posted July 28, 2020 Report Share Posted July 28, 2020 I disagree with the "electronic banking" because it is biblicaly the mark of the beast. If you have to have a card in your hand to buy, that is wrong. 1 2 2 Quote Link to comment Share on other sites More sharing options...
MEP01 Posted July 28, 2020 Report Share Posted July 28, 2020 Is electronic banking the mark of the beast? Where does the Bible state that? 3 1 Quote Link to comment Share on other sites More sharing options...
Smokey Mtn. Dinar Posted July 28, 2020 Report Share Posted July 28, 2020 It will lead to it. They will get people used to this, then the next step will be to implant computer chip into either our hand or our forehead. 1 5 2 Quote Link to comment Share on other sites More sharing options...
nannab Posted July 28, 2020 Report Share Posted July 28, 2020 1 hour ago, Smokey Mtn. Dinar said: It will lead to it. They will get people used to this, then the next step will be to implant computer chip into either our hand or our forehead. Over my cold old wrinkled dead body. 3 Quote Link to comment Share on other sites More sharing options...
gregp Posted July 28, 2020 Report Share Posted July 28, 2020 Never happen. Chunks will stay under the pillow. 1 1 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted July 28, 2020 Report Share Posted July 28, 2020 43 minutes ago, gregp said: Never happen. Chunks will stay under the pillow. That's what I was also thinking, They push electronic cards , No need to release the chunkie money monster 2 Quote Link to comment Share on other sites More sharing options...
gregp Posted July 28, 2020 Report Share Posted July 28, 2020 Just now, jeepguy said: That's what I was also thinking, They push electronic cards , No need to release the chunkie money monster Even If they call the notes due, they will exchange them and put the new notes back under the silky sheets. 2 Quote Link to comment Share on other sites More sharing options...
3n1 Posted July 29, 2020 Report Share Posted July 29, 2020 So just to recap , to end the chunky money in homes the plan is to go cashless / digital so the citizens will not be able to keep money in homes in the future , is that what the articles are suggesting ? didnt exactly read any plan to draw the current cash stashed out , iraq's been after that cash for a very long time now wasnt it like 70% of cash is out of bank system ....... 1 Quote Link to comment Share on other sites More sharing options...
Floridian Posted July 29, 2020 Report Share Posted July 29, 2020 Why don't you think it can happen? China is totally cashless. They pay for everything with AliPay and WeChatPay. I think we're heading that way too, with digital bank accounts. Bank of America already has it on their website. https://bettermoneyhabits.bankofamerica.com/en/personal-banking/what-is-a-digital-wallet Quote Link to comment Share on other sites More sharing options...
Dinar4Dinner Posted July 29, 2020 Report Share Posted July 29, 2020 @MEP01 - yeah, you didn't learn that in Sunday School? Like cell phones too, they'll have you worshipping their SIMP cards and you'll start simping. Bad stuff there, ya know? Next thing our cars' nav systems will be rising up and taking us over as well. jus sayin, lol Me, I'll stay with my chunky money, eatin' Ben & Jerry's Chunky Monkey thank you. Fuel up for a great RV!! Quote Link to comment Share on other sites More sharing options...
screwball Posted July 29, 2020 Report Share Posted July 29, 2020 5 hours ago, gregp said: Even If they call the notes due, they will exchange them and put the new notes back under the silky sheets. exactly....rate change atleast 1:1 must occur Quote Link to comment Share on other sites More sharing options...
screwball Posted July 29, 2020 Report Share Posted July 29, 2020 regardless of what they do, they need to get cash from homes to banks. The only way to do this is to change the rate. Germany did it, and its the only. first hand accounts from articles in the trueman library reports rates of exchange were varied depending on security. so cash, cash in bank and loans were exchanged at different rates. I am not saying this will occur here but Germany was no different from Iraq. Under Saddams and Hitlers rule they were were not allowed to own businesses or have money in banks. It was forbidden. there was no trust in government owned banks. no difference with Iraq. Are they going to open up international on the isx without a rate change? NO 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted July 29, 2020 Report Share Posted July 29, 2020 the isx is part of the money cycle....it plays a very important role in the Arab world. The ISX will not fail. Same as Kuwait when that kicked off, government bailed them out and now look at the share prices. The richest Kuwait families running the isx were issuing securities, and over the top bank cheques. system failed. government bailed them. 1 Quote Link to comment Share on other sites More sharing options...
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