[size=30]MilitiaMan and KTFA Members " All Looks Very Good" 6-17-2022[/size]
KTFA:Samson: The Arab Monetary Fund Holds An Interactive Workshop To Talk About The Experience And Interaction Of Participating Financial Institutions With The Buna Platform For Arab Payments
17th June, 2022
Speaking at the workshop, senior managers from First Abu Dhabi Bank, Bank Muscat and Bank Africa
The workshop will host more than 200 participants from representatives of central banks, regional and global financial and banking institutions
Today, Thursday, June 16, 2022, the Arab Monetary Fund will hold a "remote" workshop to present the experience of the banks that use the most cross-border payment services provided by the "Bunna" platform for Arab payments, which is affiliated with the Regional Institution for Arab Payments Clearing and Settlement owned by the Fund.
The Buna platform for Arab payments is witnessing a growth in the number of participating financial institutions, and this growth is accompanied by an increase in the number of settlement currencies used by participating financial institutions and an increase in the volume and value of payments being settled through the Buna Arab Payments platform.
Based on these facts, the workshop will host a number of senior managers from First Abu Dhabi Bank, Bank Muscat and Bank Africa to talk about their experience using the services of the Buna platform to implement cross-border payments in multiple currencies.
During this workshop, the team working at the Buna platform for Arab payments will give a presentation on the latest developments related to Buna's activity and progress, including revealing the details related to the currency exchange service, which the Buna platform for Arab payments is preparing to launch during the second half of the year. 2022.
The workshop will host more than 200 participants representing central banks, financial and banking institutions, payment service providers and financial services from the Arab region and abroad, to learn about these important and vital topics and follow up on the development of the Buna platform and its future plans.
On this occasion, Mr. Mahdi Manea, CEO of the Regional Institution for Arab Payments Clearing and Settlement (Bunna Platform for Arab Payments) , spoke : “The Buna platform for Arab payments continues to make further progress by growing the size of its network of participating financial institutions in parallel with the development of its services. In this framework, we are keen to cooperate with financial institutions participating in the Buna platform, to provide innovative services to send and receive cross-border payments in a secure, affordable and highly effective manner.”
Mr. Manea added : “Bunna Arab Payments Platform, through its innovative services, aims to provide multiple cross-border payment solutions in Arab and international currencies. Accordingly, we have included in our 2022 plan the launch of a currency conversion service based on the simultaneous payment mechanism .
This additional service will work on Enhancing the effectiveness and efficiency of liquidity management for border payments and allowing improved liquidity levels not only across multiple payment channels and means but also across multiple currencies, through a single window and supported by efficient and flexible tools.”
It should be noted that the "Bunny" platform constitutes an integrated system specialized in providing clearing and settlement services for payments in Arab and international currencies.
It aims to enable financial and banking institutions in the Arab region and beyond, including central and commercial banks, to send and receive inter-payments throughout the Arab region and abroad in a safe and reliable manner, at an appropriate cost and with high efficiency.
Buna offers participants state-of-the-art payment solutions that comply with international standards and principles and international compliance requirements. "Buna" contributes to enhancing opportunities for economic and financial integration in the Arab region and supporting investment links with trading partners in various continents.
It is noteworthy that participation in the platform is available to all banks and financial institutions that meet the criteria and conditions for participation in it, foremost of which are the standards and procedures for compliance aspects. LINK
~~~~~~~~~~~~~
Sir: Could we be looking at a basket of currency’s and a float of those currency’s? July surely looks promising! Imo
Tivon: They said preparing to launch in the 2nd half. I would like to presume that we are in that period now. So I'm expecting this to launch fairly soon.
But to be honest they are being purposely vague about which month this year. I would say the reason is that one would automatically deduce that given a specific timeframe it would tip off speculators as to when the CBI would have to be ready to launch as well.
So of course they could only say 2nd period of this year which could be any month.
But given where we are with certain developments I think this platform would be the method of choice for the Dinar. Or maybe the CBI has another plan. Not sure but the former seems more viable. IMO
Suzie: They have to cover the FSL with something other than "toilet" paper money in MY OPINION.....
DoTalktoMe: second half. It would be nice if they would have said the 3rd quarter. July - September.
Typical of Iraq will be to drag it out as long as possible.
Tivon: Well I would like to think that Buna knows how sensitive this process is. If they gave us a clear date it was cause unwanted attention to financial institutions like the CBI. That's why even though saying the second half is their launch pad they have to leave breathing room for the overall operation. Because we are not getting this information from the CBI. which has to be considered in this matter. IMO
~~~~~~~~~~~~
MilitiaMan: The looks of this support data from the AMF that the region is fully ready for currency exchanges and conversions is telling.
Electronic cross border payments in multiple currencies is exactly what Iraq will be apart of. The second half of 2022 is within days to a couple weeks, as we all know.
Well, if Iraq is going to be one of the largest trading partners in the region and the re construction of the country is to be under way shortly, they'll need to get the exchange rate of the IQD internationally accepted and cleared.
The new ATMs with currency recycling and mention of coins to day are huge clues as to that Iraq is getting ready for internationalism by those two items alone a long with the AMF being ready for more currencies. The education is underway and gaining steam in Iraq..
All looks very good.. imo ~ MM
~~~~~~~~~~~~
Tivon: Yeppers, 2nd half of this year is July 1st. Which would definitely explain why the articles about the ATMs coming out earlier than expected from what Frank mentioned makes plenty of sense. So of course they want to get ahead of that and get the flow of information going to acclimate the general public. I mean they have to turn these things on very soon. Why even deploy them in the first place if the reinstatement is contingent upon swapping out the old for the new? That's what the machines do right? IMO
Clare: NEW - Powell: "Rapid changes are taking place in the global monetary system that may affect the international role of the dollar."
A US central bank digital currency is being examined to "help the US dollar's international standing." pic.twitter.com/htP6r1brNz— Disclose.tv (@disclosetv) June 17, 2022
~~~~~~~~~~
Wagmister: White paper. He did say white papers
MilitiaMan: He did and his mannerisms suggest urgency. He appears actually nervous. Even his paper works was folded and crinkled.. lol 137 Countries signed on the CBDCs and even at the retail level. They also agreed to Global Taxation.. Rapid change is open us and his white papers may be different than Iraq's but, I'll bet your bottom dollar they'll likely mirror themselves accordingly with respect to clearing currency digitally in the future. That level playing field likely scares the "bejeezzous" out of him.. lol ~ MM
******************
Samson: Maysani issues a book documenting Iraqi stamps and coins
17th June, 2022
The author, Engineer Nawar Akram, issued the book “The Oil in Stamps and Iraqi Coins”, on the authority of Adnan’s house in Baghdad, with 118 pages of large pieces documenting the Iraqi stamps and coins that dealt with the issue of oil in Iraq.
Akram told the Iraqi News Agency (INA): "The book is a documentary research on the issuance of Iraqi stamps and coins related to oil and oil topics, as it sheds light on the most important events in the historical march of Iraqi oil at the same time, highlighting the cognitive and aesthetic aspects of the stamp and coin collecting hobby."
He added that "the book included two parts and three appendices, the first part dealt with Iraqi stamps related to oil, while the second part was devoted to the issuance of paper money and coins issued by the Central Bank of Iraq, which carried a reference to oil and its topics, and the first appendix contained a list of the most important historical joints of oil in Iraq, and the other two annexes included what was available in the author's collection of envelopes for the first day and documents of oil companies.
He continued, "The book presented some talk about the history of the emergence of stamps, their types and the beginning of their use in Iraq, as well as the process of Iraqi money and its emergence, in addition to some information about the printing, dimensions and punching of stamps, as well as security signs and the method of numbering paper currencies and information on stamps and currencies in global blocks."
He stressed that "the conclusion showed a census of the number of publications and their chronological distribution within the past century of the modern Iraqi state." LINK
Today at 2:21 pm by Rocky
» Al-Mandalawi stresses the need to strengthen economic and trade cooperation between Iraq and Poland
Today at 2:04 pm by Rocky
» Power maneuvers: America provides defensive weapons to Kurdistan in exchange for withholding from Ba
Today at 10:26 am by Rocky
» Kuwait is drilling an oil well near Umm Qasr, towards Iraqi territory
Today at 10:24 am by Rocky
» In the document... the first Iraqi ministry identifies the obstacles to changing the new official wo
Today at 10:22 am by Rocky
» Italian Institute: Iraq is stuck in its own crises, including Baghdad’s efforts to undermine the “au
Today at 10:21 am by Rocky
» The head of the Integrity Commission announces the holding of an international Interpol conference i
Today at 10:18 am by Rocky
» Planning: Iraqi companies are not efficient in conducting the population census
Today at 10:14 am by Rocky
» utube MM&C 4/24/24 Support - USA- Turkey - Timing- Currency Value - Tabled
Today at 8:08 am by Rocky
» MM&C 4/25/24 National Bank of Iraq goes live with Temenos core banking and payments
Today at 8:06 am by Rocky
» utube MM&C 4/26/24 Iraqi Dinar - US Treasury Exchange Rates- Focus - Banking Partnerships - Rate C
Today at 8:06 am by Rocky
» A banking official indicates a "danger" to Iraq by depriving more than half of its banks of dollars
Today at 7:55 am by Rocky
» With the participation of the Association of Private Banks, investment opportunities are on the tabl
Today at 7:45 am by Rocky
» Within a month... an Iranian border crossing recorded a noticeable increase in exports of goods to I
Today at 7:44 am by Rocky
» The Association of Private Banks appreciates the efforts of the government and the Central Bank to c
Today at 7:43 am by Rocky
» Al-Maliki's coalition presents a third candidate for the position of governor of Diyala
Today at 6:57 am by Rocky
» Arab gathering: The Kirkuk problem is getting complicated and the Sudanese must intervene
Today at 6:56 am by Rocky
» Next week.. a Kurdish delegation will visit Baghdad to meet with the Minister of Finance
Today at 6:54 am by Rocky
» Under the pretext of salaries... Al-Party refrains from handing over port revenues to Baghdad
Today at 6:53 am by Rocky
» Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of t
Today at 6:51 am by Rocky
» Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes
Today at 6:49 am by Rocky
» Applicants for the 2024 Hajj are demanding that the Central Bank secure the dollar for them through
Today at 5:09 am by Rocky
» Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week
Today at 5:08 am by Rocky
» Iraq's oil exports rise despite OPEC+ cuts
Today at 5:06 am by Rocky
» A study explodes a "surprise"... Iraq is among the countries that export oil to "Israel": How is the
Today at 5:04 am by Rocky
» Al-Araji emphasizes working to strengthen national identity
Today at 5:02 am by Rocky
» Al-Sudani visits Saudi Arabia to participate in the World Economic Forum in Riyadh
Today at 5:01 am by Rocky
» Iraq is talking about producing one million additional liters of gasoline
Today at 4:59 am by Rocky
» The Council of Ministers approves the implementation of the Baghdad Metro project
Today at 4:56 am by Rocky
» Minister of Commerce: We formed a joint economic committee with Türkiye
Today at 4:55 am by Rocky
» Resources: Government measures have contributed to improving the water situation in Iraq
Today at 4:53 am by Rocky
» Parliamentary Finance: Baghdad will continue to send salaries to the region’s employees until settle
Today at 4:51 am by Rocky
» A parliamentarian describes the corruption of Iraqi ports as “ghouls” and reveals the involvement of
Today at 4:49 am by Rocky
» Obelisk Hour: Basra is the subject of political conflict and ambiguity over the fate of the funds al
Today at 4:48 am by Rocky
» Turkmen leader: An agreement on the local government of Kirkuk is near
Today at 4:45 am by Rocky
» Anbar calls for the operation of its factories despite financial obstacles
Today at 4:44 am by Rocky
» Turki: The crisis of the Presidency of Parliament prompted the Sunnis to amend the Council’s interna
Today at 4:43 am by Rocky
» The Agriculture Committee confirms the existence of Iraqi-Turkish-Iranian discussions on water
Today at 4:42 am by Rocky
» Resources diagnose the challenges facing the water file in Iraq
Today at 4:38 am by Rocky
» Parliament pledges to the Interior Ministry: We will transfer money to buy weapons from citizens
Today at 4:33 am by Rocky
» Al-Issawi is the closest.. Parliament sets the date for deciding the choice of the new president
Today at 4:31 am by Rocky
» Deputy: Iraq's investments have risen and need a comprehensive review of previous years
Today at 4:30 am by Rocky
» Iraqis consume 7 billion eggs annually and import about $900 million
Today at 4:28 am by Rocky
» The Iranian role complicates attempts at open cooperation between Iraq and Turkey. Turkey is trying
Today at 4:26 am by Rocky
» Move in Iran to obtain $242 billion from Iraq in compensation for the eight-year war
Today at 4:25 am by Rocky
» 12 decisions from the Council of Ministers regarding the Baghdad Metro and Najaf-Karbala train proje
Today at 4:23 am by Rocky
» Sudanese Advisor: The path to development has begun... the Baka and the militias “we silence them wi
Today at 4:21 am by Rocky
» Not from Kurdistan.. How did Iraq become a source of oil for “Israeli tanks”?
Today at 4:19 am by Rocky
» Parliamentary Agriculture criticizes the Sudanese and Erdogan agreement: Türkiye will control water
Today at 4:16 am by Rocky
» The Iraqi government issues new decisions
Yesterday at 2:35 pm by Rocky
» The story of “reduced oil” to Jordan, from “compulsion” to mutual benefit.. Is there a loss?
Yesterday at 2:33 pm by Rocky
» The Council of Ministers takes 12 decisions for the Baghdad Metro and the Najaf-Karbala train
Yesterday at 2:32 pm by Rocky
» utube MM&C 4/23/24 Iraqi Dinar - IQD Update - Development Road Project - Saviour of Global Banking
Yesterday at 10:18 am by Rocky
» Kidney from pig transplanted into deathly ill New Jersey woman — and begins working almost immediat
Yesterday at 10:15 am by Bama Diva
» The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an
Yesterday at 9:48 am by Rocky
» Trade from the “Economic Committee” with Türkiye: It will overcome all obstacles facing the traders
Yesterday at 9:46 am by Rocky
» Washington's hope for stable relations with Baghdad clashes with Iraqi parties' rejection of the Ame
Yesterday at 9:41 am by Rocky
» Karim Badr: Development is America’s will to kill silk
Yesterday at 9:36 am by Rocky
» Oil: Opening of a new port for liquid gas for vehicles in Baghdad
Yesterday at 9:33 am by Rocky
» A media advisor warns of corruption in a draft law on the Parliament’s agenda
Yesterday at 9:21 am by Rocky
» Economist: There is serious work to lift US sanctions on Iraqi banks
Yesterday at 9:16 am by Rocky
» Will the agreements signed with the US Treasury reflect positively on the exchange rates?
Yesterday at 7:52 am by Rocky
» Iraq continues its quest to join the World Trade Organization
Yesterday at 7:51 am by Rocky
» Iraq completes the completion of the files for the initial offer of goods and services to join the W
Yesterday at 7:50 am by Rocky
» Economist: Travelers' dollars are leaking into the parallel market...and this is what the Central Ba
Yesterday at 7:32 am by Rocky
» President of the Federal Court: It is not permissible to force anyone to join any party, and the pol
Yesterday at 7:30 am by Rocky
» The Council of Ministers holds its session headed by Al-Sudani
Yesterday at 7:27 am by Rocky
» America weakens Baghdad...and increases Kurdistan's military capabilities
Yesterday at 7:26 am by Rocky
» The Iraqi government plans to build 10,000 schools throughout the country
Yesterday at 7:23 am by Rocky
» American threats close the Iraqi Stock Exchange at a loss
Yesterday at 7:21 am by Rocky
» Increase in external transfers at the Central Bank
Yesterday at 7:20 am by Rocky
» Al-Maliki calls on Britain to cancel restrictions on the entry of its companies into Iraq
Yesterday at 7:18 am by Rocky
» Planning and the European Union are discussing signing a number of agreements in the development, en
Yesterday at 7:16 am by Rocky
» Parliament talks about the mechanism for recovering smuggled funds and hints at the next stage
Yesterday at 7:13 am by Rocky
» Interior Ministry: The number of completed national cards reached 37 million cards
Yesterday at 7:06 am by Rocky
» Amnesty International: Violations of freedom and human rights continue in Iraq and the Kurdistan Reg
Yesterday at 7:04 am by Rocky
» Parliamentary Oil: The government is proceeding with the decision to raise the price of improved gas
Yesterday at 7:03 am by Rocky
» A parliamentary committee in Basra to investigate violations of the port company and the local gover
Yesterday at 7:00 am by Rocky
» Revealing the 10 most important American exports to Iraq
Yesterday at 5:31 am by Rocky
» A noticeable increase in the rate of Iraq's import of Chinese cooling devices
Yesterday at 5:30 am by Rocky
» Prime Minister: Working on projects without completing the infrastructure is a waste of money
Yesterday at 5:28 am by Rocky
» Iraq.. Extending the deadline for registration procedures on plots of land
Yesterday at 5:27 am by Rocky
» What is the main purpose of conducting the population census in Iraq?
Yesterday at 5:25 am by Rocky
» A plan to transform Iraq from a barren land to green with 5 million trees
Yesterday at 5:24 am by Rocky
» The Housing Fund announces the acceptance of more than 11 thousand loans through the Ur platform
Yesterday at 5:23 am by Rocky
» The Bank of Baghdad is moving to increase its capital to 400 billion dinars
Yesterday at 5:20 am by Rocky
» The electronic payment system will soon be adopted on Iraqi buses
Yesterday at 5:19 am by Rocky
» “It threatens our interests and destroys our economy.” An Iraqi project “irritates” the Kuwaiti stre
Yesterday at 5:18 am by Rocky
» Warning from the Central Bank about “misuse of electronic payment cards”
Yesterday at 5:17 am by Rocky
» Iraq and the Sultanate of Oman are discussing sending capacities through the Gulf countries
Yesterday at 5:16 am by Rocky
» The fact that a decision was issued to deport Syrian workers from Iraq
Yesterday at 5:14 am by Rocky
» Rice comes first... America exports 10 foodstuffs worth more than 350 million dollars to Iraq
Yesterday at 5:14 am by Rocky
» A sixth licensing round for gas exploration
Yesterday at 5:12 am by Rocky
» Baghdad is preparing to host the 50th session of the Arab Labor Conference
Yesterday at 5:11 am by Rocky
» Scientific symposium on the future vision of the tripartite budget
Yesterday at 5:09 am by Rocky
» Five conversion power stations enter service in Najaf
Yesterday at 5:08 am by Rocky
» Planning: Conduct a population census next November
Yesterday at 5:07 am by Rocky
» Experts: Spreading misleading information harms development and investment
Yesterday at 5:03 am by Rocky
» Economists call for tightening money laundering laws and port controls
Yesterday at 5:02 am by Rocky