6ly410 Posted August 18, 2020 Report Share Posted August 18, 2020 (edited) A Statement on urging the banking sector to use modern financial technologies in banking transactions. The Central Bank of Iraq calls on all citizens to deal with banks and licensed financial intermediation companies, during large cash exchanges, instead of hoarding in homes. The central bank seeks through this, to preserve the money supply for citizens, avoid cases of theft and fraud, and promote counterfeit currencies. The bank stresses the need to reduce trade exchange in paper currencies, which medical studies have proven to be an effective vector for viruses and bacteria, especially as the country is going through a crisis of the spread of Corona virus. The Central Bank adopts the mechanisms of spreading financial inclusion in Iraq, which enhances the banking culture and the shift to monetary exchange through banking in all its advanced civilized forms. https://cbi.iq/news/view/1535 Central Bank of Iraq information Office 2020/8/18 Edited August 18, 2020 by 6ly410 2 7 Quote Link to comment Share on other sites More sharing options...
davis411 Posted August 18, 2020 Report Share Posted August 18, 2020 35 minutes ago, 6ly410 said: medical studies have proven to be an effective vector for viruses and bacteria, Well let davis step in i will take all that dirty dirty cash 1 4 1 Quote Link to comment Share on other sites More sharing options...
Floridian Posted August 18, 2020 Report Share Posted August 18, 2020 They're trying to get the people to turn in all the "mattress money" they are stashing at home. The new global economy is going to be digital. 2 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted August 18, 2020 Report Share Posted August 18, 2020 Thanks 6ly...The Central Bank of Iraq calls on all citizens to deal with banks and licensed financial intermediation companies, during large cash exchanges....... 2 2 Quote Link to comment Share on other sites More sharing options...
NextYear Posted August 18, 2020 Report Share Posted August 18, 2020 Quote during large cash exchanges, instead of hoarding in homes. The bank stresses the need to reduce trade exchange in paper currencies, which medical studies have proven to be an effective vector for viruses and bacteria Here's a novel idea, you could just RV your dang currency and people won't have to use suitcases full of the currently valued currency. 1 1 1 Quote Link to comment Share on other sites More sharing options...
3n1 Posted August 18, 2020 Report Share Posted August 18, 2020 still after that 70% of the cash that's being held in holmes i see ,,, modern banking can lend up 10X the amount that people deposit in banks which can and does generate a lot of interest money for the banking system , not sure how modern and up to date or corrupt the iraqi banking system is , one things for sure the citizens don't trust them still ..... thanks 6yl410 ...... we wait 1 2 Quote Link to comment Share on other sites More sharing options...
Ziggy Posted August 19, 2020 Report Share Posted August 19, 2020 13 hours ago, Floridian said: They're trying to get the people to turn in all the "mattress money" they are stashing at home. The new global economy is going to be digital. You’re right on that one Floridian! The new global economy will be digital. The people of the world are being prepped! 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted August 19, 2020 Report Share Posted August 19, 2020 13 hours ago, 3n1 said: still after that 70% of the cash that's being held in holmes i see ,,, modern banking can lend up 10X the amount that people deposit in banks which can and does generate a lot of interest money for the banking system , not sure how modern and up to date or corrupt the iraqi banking system is , one things for sure the citizens don't trust them still ..... thanks 6yl410 ...... we wait yep money cycle and money velocity...once it starts....BOOOOOOOOOOOOOOMM! 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted August 19, 2020 Report Share Posted August 19, 2020 RV will fix the trust...worked for Nazi germany will work here!!! 2 Quote Link to comment Share on other sites More sharing options...
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