With our dinar and our products we are stronger... Support the Iraqi dinar
they are running this commercial again!
the video for this blog is below here:
With a dinar and our products
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Stronger we reap the good
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With a dinar we build and develop
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Our country we teach our generations about the greatness of our civilization and strength
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A dinar is our homeland with all goodness and blessings
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A dinar is a homeland issue
We made it easier and faster with electronic payment services
link I've not seen this one before ;
Music]
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Uncle Sami, the anti-counterfeiting agent, can't catch up
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With his five-pointed star, it's impossible for it to pass through his hand
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If it doesn't burn and come back
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[Music]
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The new 50 doesn't need surgery hmmmmm interesting
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Uncle Sami's surgery will be delayed
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It's better to make cards
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Payment, we made it easier and faster, and it's payment services
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Electronic
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Learn about the advantages of electronic payment in Iraq
In Iraq, electronic payment services are available
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For all bank cardholders to use
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Electronic payment and POS devices
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OS with many advantages. First, it reduces
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The use of paper currencies, whether in
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Buying or selling operations. Second, we avoid receiving
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Damaged and counterfeit currency. Third, it is impossible
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You are exposed to theft or losing money. Fourth,
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By using the card, you can pay even
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A cardholder can buy from
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The Internet or pay electricity bills
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Health institutions and gas stations. This is about
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Through POS devices and it is
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In this way, first, enter the purchase amount in
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the POS device. Second, swipe the card
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and enter the special secret code Thirdly, carry it
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Receive the payment list to ensure the success
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of the process and fourthly, make sure to receive the message
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MS informing you of the deduction amount. Very note
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Important, do not share the card information in any way
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From the forms, neither the secret number nor the number
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of the card nor the number on the back of the card
Iraq participates in the meeting of the Arab Economic Council
The Arab Economic Committee is scheduled to begin its work today, Monday, to prepare for the 114th session of the Arab League's Economic and Social Council, which will be held at the ministerial level next Thursday, with the participation of the Minister of Trade, Athir Dawood Salman Al-Ghariri.
Iraq will be represented in the meetings of the Economic and Social Council by two delegations, the first from the Ministry of Labor, which will attend the meetings of the Arab Social Committee, while the second delegation will be from the Ministry of Trade and will participate in the meeting of the Economic Committee.
The Arab Social Committee held its meeting yesterday, Sunday, with the participation of a delegation from the Ministry of Labor and Social Affairs, and a number of decisions were submitted to the Council.
The ministerial meeting of the Economic and Social Council next Thursday, in which the Minister of Trade will participate, will be preceded by a meeting of senior officials in the Council the day after tomorrow, Wednesday.
Assistant Secretary-General and Head of the Social Affairs Sector, Ambassador Dr. Haifa Abu Ghazaleh, stated that the 114th session of the Economic and Social Council began its work with the Council's Social Committee.
Abu-Ghazaleh added that the Social Committee reviewed the report of the Secretary-General of the League of Arab States, which included all the efforts and activities that took place between the two sessions of the Council in various sectors of joint Arab social and development work.
She continued that the report focused on continuing to implement the social dimensions of the 2030 Sustainable Development Plan, supporting vulnerable groups in society, and other activities related to persons with disabilities and the elderly, health, youth, women, family and childhood, population policies, civil society and human rights, migration and expatriates, education, scientific research, culture and dialogue of civilizations.
Iraq's banking understandings with America: Will major changes turn into a financial disaster?
In a move that could have major repercussions on the Iraqi banking sector, a delegation from the Central Bank of Iraq held intensive talks in New York, where they discussed strengthening understandings with the United States regarding foreign transfers and protecting the banking system from sanctions. While the visit was described as “fruitful” by experts, questions remain about the extent of the impact of this move on the financial system in Iraq.
The visit, led by Central Bank Governor Ali Al-Alaq, included discussions with the US Treasury, the Federal Reserve, and a number of major banks such as Citi Bank and JP Morgan, as well as companies such as Visa and Mastercard. Discussions were also held with international auditing firms such as KPMG and E&Y.
One of the highlights of the talks was the announcement that the Central Bank of Iraq will abolish the electronic platform for foreign transfers by the end of this year. This move is seen as a major step towards improving the transparency of the Iraqi financial system and enhancing its ability to integrate with the global banking system. However, there are mixed views on this move.
Questions about the effects
Recent understandings with the United States seem to be an opportunity to strengthen the Iraqi banking system, but there are concerns about the impact of this shift on the stability of the financial sector. Financial and banking expert Mustafa Akram Hantoush confirmed that the discussions included correcting the status of sanctioned Iraqi banks and working to open accounts with correspondent banks. But what is the impact of this on private banks that suffer from restrictions?
On the other hand, economic expert Nabil Jabbar Al-Tamimi believes that this step may open the way for major banking improvements, but it requires careful implementation and effective communication with international partners. There is also concern that there may be unexpected obstacles in implementing the understandings, which may hinder the Central Bank’s ambitious plans.
Criticisms and challenges
Despite the praise for the Central Bank’s achievements, there are those who criticize the way in which these changes are being handled. Some voices criticize the way in which external transfer negotiations are being managed, indicating that some Iraqi banks may find it difficult to adapt to the new requirements. There are also questions about how the Iraqi banking system will deal with the upcoming challenges that may arise as a result of these changes.
At the same time, some observers believe that this move may be an attempt by the Central Bank to confirm Iraq's seriousness in its commitment to international standards, which will enhance confidence in the Iraqi financial system and allow it to expand its international relations.
Buried Riches”: Gas Discovery in Iraq a Ray of Hope for Economic Development
Iraq has recently achieved remarkable progress in the energy sector, especially in the field of natural gas discovery. These discoveries represent an important strategic step towards achieving energy security and strengthening the economy in general, and they also open new horizons for investment and development in this vital sector.
In recent years, oil companies and the Iraqi government have announced new discoveries of gas patches in several areas. Among these discoveries, the Anbar region stands out as a major location where important gas deposits have been discovered.
According to industrial sources, the new discoveries include large quantities of dry gas, a type of natural gas that contains low levels of sulfur and is used in many industrial applications. This type of gas is used in power generation, as an industrial fuel, and in the production of chemicals, making it an important resource for the industrial and energy sectors.
The Iraqi government is working to enhance investment in these discoveries through partnerships with international energy companies. Agreements have been signed with multinational companies to develop the infrastructure necessary to extract and purify gas. It has also been agreed to implement projects to extend gas pipelines and modernize refining stations.
Building infrastructure is an important step, as extracting natural gas and delivering it to markets requires complex facilities including pipelines, refining facilities, and pumping stations.
These projects require huge investments and careful coordination between the various parties concerned, and the government is working to improve the legal environment to attract foreign investment, including improving contracting terms and simplifying bureaucratic procedures.
Despite the optimism that accompanies new gas discoveries, there are a number of challenges facing the exploration and production process. These challenges include the need for modern technology and technical expertise, in addition to the difficult geographical conditions that may affect drilling and transportation operations.
Great economic opportunities
On the other hand, developing the natural gas sector in Iraq opens up great economic opportunities. In addition to improving energy security, this sector can contribute to creating new job opportunities, increasing national revenues, and enhancing economic growth. Exporting gas to international markets can also provide an important source of financial returns.
“The discovery of new gas blocks in Iraq represents an important strategic opportunity for the country as it provides a strong foundation for developing the energy sector and enhancing economic independence,” said retired gas expert Dr. Sami Al-Jubouri, who held positions in major energy companies. “However, it is necessary to focus on improving the infrastructure and applying the latest technologies to ensure efficient and safe gas extraction, through cooperation with international companies, which will enhance Iraq’s ability to optimally exploit these resources.”
“The challenges facing the country include the need to develop local technical capabilities and increase operational efficiency, as well as manage resources sustainably to ensure long-term benefits,” Dr. Al-Jubouri added to the Iraq Observer.
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