RJG Posted December 26, 2023 Report Share Posted December 26, 2023 Government advisor: Iraq will enter the advanced digital era in early 2024 Political Today, 13:56 Baghdad - IA - Nassar Al-Hajj The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that Iraq will enter the advanced digital era early next year, 2024, with a major official announcement. Saleh told the Iraqi News Agency (INA), “The government curriculum of Prime Minister Muhammad Shiaa Al-Sudani focused on reformist work principles in public administration, which took two basic directions, namely eliminating the phenomenon of corruption in general and systemic corruption in particular, which is the most dangerous corruption that More than one detail within the executive branch contributes to it, and the second trend is to maximize the state’s non-oil revenues and make their percentage in the federal general budget estimates at no less than 20%, instead of their low percentages of about 10% or even less, in order to ensure the goals within the ongoing reform years. ". He added, "Non-oil revenue agencies, which are led today by customs and tax authorities, border crossings, and others, are at the forefront of financial and administrative reform trends. At the level of international indicators, there are three elements that mostly frustrate countries' efforts to combat financial and administrative corruption, and they are summarized as follows: The first is dealing with paper transactions." With the public and direct human communication, the second: direct cash dealing in settling taxes and others and the risks it generates in behavior, and the third: the absence of digital systems in managing transactions without human intervention.” He continued: “Based on the above, and in order to achieve the goal of the government program in reforming and replacing digital systems in dealing with non-oil revenue devices, a precise digital program is being rapidly adopted by the government today, and is based on assessment, examination, and electronic collection without direct human intervention and in accordance with Advanced digital systems are implemented with sound national expertise and in cooperation with major international digital companies, in addition to the expertise of the United Nations Development and Trade Organization, especially in the sectors of digital development in border crossings, customs and taxes. Thus, at the beginning of the year 2024, Iraq will have entered the rapidly advanced digital era and there will be A major official announcement in this regard.” He pointed out that "replacing payment systems and spreading digital engagement, starting with digital government collection and ending with large and small payments within economic activity, will crown the new digital era for Iraq," noting that "the acceleration in the use of electronic payments is one of the guarantees of banking work, safety and integrity." This is due to the decrease in what is called (liquidity risk) in the banking system due to its knowledge of daily flows and balances continuously without stopping, which makes banks deal with (functions) of flexible monetary demand that are not diminished by liquidity or anticipating its loss, that is, without the availability of sufficient information due to the high state of uncertainty. Certainty, which is the prevailing characteristic in the absence of digital payment systems, which simultaneously disrupts and the need for accelerated financing to support economic activity.” He stressed that "such phenomena will all undoubtedly disappear in the digital banking system, and the risks of cash liquidity will decrease due to the high levels of certainty in the flow of funds provided by digital systems in transactions between the public on the one hand and the public and banks on the other hand, within the framework of running a highly governed digital payments system." And financial transparency and meets the needs of the growing economic business sector without the doubts and hesitations imposed by liquidity risks due to lack of information.” He pointed out that “there is an interconnection between financial inclusion, which means delivering banking services to the weakest segments of economic society, and the development of digital payments, as replacing digital payments includes expanding and upgrading the number of bank accounts, and opening a bank account represents the essence of digital financial inclusion, as it is observed with the development of the payments market Digital in Iraq: The phenomenon of the growing phenomenon of opening bank accounts has increased remarkably recently, with tens of thousands of bank accounts being opened daily and continuously, according to what the Association of Private Banks stated a few days ago, which means that the Iraqi banking system is in a movement of rapid change and development commensurate with And the new digital era for Iraq, the principles of which were established by the current government program.” https://www.ina.iq/200006--2024.html#hathalyoum 4 2 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted December 26, 2023 Report Share Posted December 26, 2023 1 hour ago, RJG said: that Iraq will enter the advanced digital era early next year, 2024, with a major official announcement 1 3 7 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted December 26, 2023 Report Share Posted December 26, 2023 1 hour ago, RJG said: Thus, at the beginning of the year 2024, Iraq will have entered the rapidly advanced digital era and there will be A major official announcement in this regard.” 2 2 7 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted December 26, 2023 Report Share Posted December 26, 2023 👀 3 1 1 Quote Link to comment Share on other sites More sharing options...
cranman Posted December 26, 2023 Report Share Posted December 26, 2023 Yeah Baby! 1 5 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted December 26, 2023 Report Share Posted December 26, 2023 🥳 1 3 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted December 26, 2023 Report Share Posted December 26, 2023 43 minutes ago, 6ly410 said: 2 8 Quote Link to comment Share on other sites More sharing options...
southbeach Posted December 26, 2023 Report Share Posted December 26, 2023 Happy birthday Jesus and raising the roof to you. 4 1 6 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted December 26, 2023 Report Share Posted December 26, 2023 Does that mean we have to wait for the IQD to RV at least 2026? 1 1 Quote Link to comment Share on other sites More sharing options...
RJG Posted December 26, 2023 Author Report Share Posted December 26, 2023 I wonder what the 'major official announcment' is??? 👀 2 1 2 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted December 26, 2023 Report Share Posted December 26, 2023 43 minutes ago, RJG said: I wonder what the 'major official announcment' is??? 👀 Hey hey hey I know what the announcement is, they will be increasing their currency value to $1.17 per dinar!! Fingers crossed!! 4 1 8 Quote Link to comment Share on other sites More sharing options...
cranman Posted December 26, 2023 Report Share Posted December 26, 2023 Fron your lips to CBIs ear! 2 2 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted December 26, 2023 Report Share Posted December 26, 2023 1 hour ago, cranman said: Fron your lips to CBIs ear! Somebody better dig the waxy build up outta the CBI 's ears... they don't hear none too well. 3 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted December 26, 2023 Report Share Posted December 26, 2023 3 hours ago, RJG said: I wonder what the 'major official announcment' is??? 👀 Could be forex could be stock market….they have been paying for ISX ads in Times Square for years…maybe they will activate? 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted December 26, 2023 Report Share Posted December 26, 2023 3 hours ago, Dinarrock said: Hey hey hey I know what the announcement is, they will be increasing their currency value to $1.17 per dinar!! Fingers crossed!! 3 Quote Link to comment Share on other sites More sharing options...
screwball Posted December 26, 2023 Report Share Posted December 26, 2023 in matter of fact I think launching the isx internationally is a realstic possibility with a new rate.... 2 3 Quote Link to comment Share on other sites More sharing options...
screwball Posted December 26, 2023 Report Share Posted December 26, 2023 8 hours ago, 6ly410 said: 🥳 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted December 26, 2023 Report Share Posted December 26, 2023 think digital, think electronic......what could be better than announcing no more usd in commercial transactions starting Jan 1 2024........ ISX going international???? or new rate???? deletion of zeros??? 1 3 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Laid Back Posted December 27, 2023 Popular Post Report Share Posted December 27, 2023 - No more dollar transactions after 1/1/24. - Everyone will be forced to deposit their Dinars. - Keep your Dinar because your dinar is Stronger. - The use of Dinar to pay for Trade. - Iraq will enter the advanced digital era early next year, 2024... Major announcement- -January 2024 the dinar is going to start gaining sovereignty. - In the coming days we have an ambition to reach the end of the parallel market for the dollar. - Using national currency needed for respecting state sovereignty I can see clearly now.!!! GO STRONGER DINAR GO 2024 4 2 3 9 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted December 27, 2023 Report Share Posted December 27, 2023 🤙💯🇮🇶💥 1 3 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted December 27, 2023 Report Share Posted December 27, 2023 1 hour ago, screwball said: in matter of fact I think launching the isx internationally is a realstic possibility with a new rate.... New floating rate 😲 2 Quote Link to comment Share on other sites More sharing options...
southbeach Posted December 27, 2023 Report Share Posted December 27, 2023 1 hour ago, Laid Back said: - No more dollar transactions after 1/1/24. - Everyone will be forced to deposit their Dinars. - Keep your Dinar because your dinar is Stronger. - The use of Dinar to pay for Trade. - Iraq will enter the advanced digital era early next year, 2024... Major announcement- -January 2024 the dinar is going to start gaining sovereignty. - In the coming days we have an ambition to reach the end of the parallel market for the dollar. - Using national currency needed for respecting state sovereignty I can see clearly now.!!! GO STRONGER DINAR GO 2024 Bringing the clarity LB. Much thanks. 2 2 Quote Link to comment Share on other sites More sharing options...
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