Militia Man – Iraq Dinar News-Central Bank (Uncut) 04-08-2025

Militia Man – Iraq Dinar News-Central Bank-Parliament Finance-International Entities-Developing the Banking System

Hey everyone before I get started I just want to remind you that if you like my content hit that like button subscribe to my channel and then join the Militiaman and crew patreon community by clicking the link in the caption Hey, good evening everybody I just want to say I woke up this morning having a wonderful cup of coffee from Freedom Forge So if you guys want to get some I would highly recommend you try it because it’s got all kinds of flavors that you guys Anything you like enjoy it because it’s great. They offer the mushroom coffee and they do all that So I enjoyed it with a nice sunrise So don’t forget by using Militiaman5 as the code you guys can get your 5% off I hope you guys enjoy we’re gonna get started with today. I think today was a really big day I think in the news you guys if you’ve been paying attention, you have Al Sudhani Prime Minister you have the Central Bank governor a la Locke You even have the Parliamentary Finance Committee on board with all the things that are happening right now So anyway today Al Sudhani starts his day off with inaugurating the conference on reforming the Iraqi banking banking sector System sector.

Okay, Prime Minister Mohammed Al Sudhani inaugurated the conference on reforming the banking sector the state media office of the Prime Minister received That and spread it out to the news outlets, okay, so that’s where that’s where we are and again today is a big day The next thing I’d like to talk about is is Again talking about Al Sudhani Al Sudhani has affirmed the government’s readiness support all local and international entities in developing banking sector So now they’re talking about locally and international Says Al Sudhani has expressed appreciation for all efforts that contributed to organizing this conference which represents Visions and ideas aimed at developing Iraq’s banking sector promoting sustainable development Enhancing Iraq’s economic standing and

You know in its regional and international roles. He said he is commended that the efforts of the Central Bank of Iraq Have been been fabulous. I guess the banks and the teams from international and local consulting firms I think we know who they are Ernst & Young K2 Oliver Wyman all of those But they said that what are they doing? They were being thanked for their work in strengthening and advancing Iraq’s financial and banking sectors so the speech goes on and says The government the government has worked to boost revenues by improving taxation and customs systems and enhancing non oil revenues Helping reduce dependence on oil experts It says the full automation of the custom system and underway through the implementation of the globalist cut us platform developed under the United Nations so they’ve increased their revenues customs revenues by a hundred twenty eight percent while tax revenues even rose by twenty two percent all higher than last year It says ambitious projects have been launched I like this word launch because you’re going to hear it a lot tonight to reform state-owned banks and improve their capacity to deliver financial services to individuals and businesses He says over the past two years

The cabinet issued several decisions to restructure the rapid and Rashid industrial and agricultural banks with the support of the reputable international consultancy So basically they’re just they’re going to be strengthening the protocols of the systems to facilitate electronic payments across sectors they’ve been working with leading fine fine FinTech companies in order to innovate digital payment solutions Enhancing the efficiency of financial system and they just go on and on it says e-commerce and digital payment Legislation has been updated

They go on and say that the awareness Campaigns have launched to promote digital payment culture among the citizens of the citizens were being talked to says banking reforms Says banking reform forms a vital part of the economic reform pillar in the government program So this is out al-sudani’s baby, I guess It says the government in cooperation with the Central Bank of Iraq launched a comprehensive initiative for integrated strategic banking reforms These reforms aimed to align with global developments open new partnerships and enhance engagement with the global financial system So basically I’ll lock and al-sudani today But this in this case al-sudani is openly telling us they’re launching reforms in the banking and financial sectors And the reforms are a vital part of the economic reform pillar of the government.

I Don’t think how it al-sudani can say any much more clear than that. It’s pretty that’s pretty powerful the next article we like to talk about is The government the governor of the Central Bank of Iraq, so he’s speaking up So it says the governor of the Central Bank of Iraq announces the launch keyword of a plan to reform the private banking sector It says in the presence the minister of Muhammad she also Donnie so it’s not only is it a lot but it’s Al-sudani it says in the presence of the minister of shia al-sudani chairman of the Parliamentary Finance Committee The cabinet advisors representatives of the private banks.

It says the governor of the Central Bank of Iraq Mo mr. Ali moshan alak announced the launch of the private banking sector reform plan Which will enhance the status of this important sector and they mentioned that for a nearly a year They’ve had cooperation with Oliver Wyman for instance in this case and what is it for a comprehensive reform project for the banking sector And basically, what are they talking about? They’re keeping pace with international standards and technological developments to enhance the development of the Iraqi banking sector So his governor his excellency the governor explains that the plan represents a launch So they keep focusing in on a launch into banking world that is changing at an extremely rapid pace Due to transformations resulting from major investments in financial technologies digital development and artificial intelligence So they’ve already done that the central bank It’s awesome.

The banking sector reform plan focused on three important objectives Number one is enhancing and deepening financial inclusion in Iraq Collectively, what’s that mean?

They’re trying to get more and more people involved It says number two raising efficiency and productivity of the private banking sector three creating a fair and healthy competitive environment in the market while Enhancing the sector’s resilience and ability to withstand risks and that’s all from the Central Bank of Iraq’s media office This is another good one. The Central Bank of Iraq sets regulations for the international use of bank cards Central Bank issued a new circular containing regulations for the use of bank cards credit debit prepaid outside of Iraq that is Massive you guys the circular aims to strengthen oversight over international transactions. I mean that’s telling you that’s cross-borders.

That’s That’s something that we’ve been expecting. So Nate goes on and says it’s to ensure the safety of future growth in international settlement payments So today on the 7th It says here the new cards will be activated for use Outside Iraq 30 days after the issuance date the relevant authorities will be later provided with lists of merchant categories codes Within the specified controls the Central Bank confirmed the suspension of these rules out that were effective April 20th 2020 So they’re reintroducing it

They’re talking about Equivalencies they’re talking about in dollar terms But they’re talking about retirees, you know 10,000 per month or equivalent 20,000 per month equivalent for airfare hotel reservations rental cars treatment outside for treatment for medical care 50,000 per month or equivalent General uses outside Iraq 5,000 per month or equivalent. They’re talking about equivalency and currency values you guys So they go on to say that Using merchant bank cards outside of Iraq will be $20,000 per month or its equivalent Okay.

So what is this going to get started? It says here it says he also indicated the new cards the debit the credit and prepaid for international use will be Activated 30 days after their issuance Fair but with these rules to be implemented starting April 8th 2025 That’s tomorrow That’s fascinating Okay, so it’s going to be effective tomorrow But some of these folks may not get the cards and they’ll have to just wait a little bit they’re gonna have to wait for it to Kick in but the bottom line is the effective date is they say tomorrow

Okay The bank explains it will later provide the relevant authorities with the merchant category codes the MCC codes Associated with these regulations while the current ceilings Current ceilings for prepaid cards issued by banks or payment services will remain in effect Okay, so you guys that’s that’s big and these amounts that are in terms of $10,000 or equivalent Or 20 or 50, you know, etc It’s fascinating, okay, so take it take it to take that It makes you the bank for the credit card, I don’t know we’ll see

So here interestingly enough Allah. He’s still talking today. It’s Allah lock says digital currencies will contribute to reshaping the traditional banking system So today Monday the digital currencies will contribute to reshaping the traditional banking system He says that the central bank aims to achieve an advanced economy He says that the investment in research and development in the field of artificial intelligence Must be increased many of these things are going to be ongoing over time, especially how it evolves It’s it’s it’s an evolution.

That’s going to be an ongoing process he adds that digital currencies could lead to restructuring of the traditional banking system and Noted that the central bank announces Announces today its readiness to implement the banking sector reform They’re talking about launch they’re talking about implementing they’re talking about digital currencies We’re all talking about a global system Gonna have tokenized currencies things of that nature. I think you can understand and see where this is going with it

So how about this this one tonight? It says launching the plan to reform private banks in partnership with Iraqi and International institutions so again the central bank of Iraq Allah lock says He announced the launch of a comprehensive plan to reform private banks in the partnership with local and international institutions stressing that the next phase Will witness a paradigm shift in the nature of banking services based on innovation and digital transformation It goes on and says Iraq banks have made Great steps in developing their banking services

But they are demanding more openness to modern technology stressing the artificial intelligence must be at the heart of future investments in the banking set in the banking sector It says the world’s witnessing a wide transformation in the financial structure and banking systems which requires traditional banks to keep pace with a radical change By providing innovative services that meet the aspirations of customers in light of the enormous technological Acceleration. So the technology is going to be good

And I think if everybody is paying attention that when they say technology, they’re talking about new technology Okay, it’s getting advanced and you need to be up to speed, you know There’s a lot of people in our forum at patreon.com. We’re all in certain segments of society different age brackets, etc But a lot of this stuff is new and it’s it’s it’s a little bit cumbersome for a lot of people Take your time get help and get professional advice, of course on all matters, especially when it comes to finance Okay, it says the electronic currencies.

He talks about this is the central bank governor He points out that the electronic currencies will play a pivotal role in speeding up payments and money transfers, which makes it Imperative for banks to develop their digital infrastructure

So banks are going to have to make make changes He also points out the digital currencies issued by the central banks may reshape the map of the global banking system Successful future banks are those that adopt digital transformation tools and integrate artificial intelligence into their daily operations I’m just saying you guys the reformation of the private banks that are in partnership with international Institutions will be something Iraq has yet to do before Taking the banks private is to precede the merging of the two state banks Rashid Refedane banks and they talked about the trade bank and also the agricultural banks. So keep that in mind Basically, there’s a pecking order that they have established by In what they’re going to be merging privatization of these banks and It’s basically it’s a first-order basis of business. Okay The smaller private banks will follow over time I think that if you take that into consideration of what they’re talking about, they’re talking about international Institutions they’re talking about privatizing banks.

They’re talking about digital currencies. They’re talking about all these things and if you can’t see it yet I don’t know you guys Though there’s help out there somewhere. All right Parliamentary Finance Committee rebuilding confidence in the banking system.

So I told you the Parliament was even on board So you have a lock on board? Well al-sudani Inauguration sets the stage a lot comes in and start talking big time. And now you have the government Parliamentary Finance Committee It says rebuilding confidence in the banking system requires developing the infrastructure and enhancing its cyber security Parliamentary Finance Committee stressed that the launch of the banking sector development project represents a starting point for a comprehensive Reform of the financial and monetary systems and paves the way for achieving sustainable development and the desired economic reform So you got everybody’s on board with this

Okay, it says here It says the banking sector development conference which kicked off today in the capital of Baghdad in cooperation with Oliver Wyman Committee chairman MP at one hour at 20 pointed out that the Parliament’s keenest to support the bank’s efforts in promoting the concepts of sustainable financing Encouraging government and private banks to finance economic activities and development projects and diversifying sources of income Which contributes to reducing the financial deficit and public budgets?

It says the banking sector is not just a financial tool But rather the main pillar for moving the national economy and combating corruption Indicating quote developing the sector is the cornerstone It’s the cornerstone of the economic reform project and a pivotal step towards moving towards a diversified economy away from excessive reliance on oil rents oil rents They’re gonna not going to be just bet their value of their currency is not going to be based off just oil It’s going to be inclusive to non oil revenues and more. Okay He continued introducing modern banking systems into the tax and Customs administration, so I talked about taxes and customs.

What does it do it contributes to improving financial transactions? tracking mechanisms enhancing revenue collection efficiency and reducing tax evasion It also closes informal outlets that drain the state’s resources and weaken its ability to invest and provide services At 20 goes on as he emphasizes Rebuilding confidence in the banking system and expanding the scope of digital transactions locally and internationally

He called for a formulating. He says clear understanding with the World Bank and the United States Treasury Establishing the principle the Central Bank of Iraq is the body authorized to evaluate banks performance Ensure their compliance and punish violators to avoid any sudden decisions that negatively impact the banking sector Well, we had an article out yesterday that talked about that The central bank was stopped selling dinar well it came back in the central bank had to go out and deny it and also warned of prosecution for those that Put out fake news That maybe it should be a heads up for you know, the globe for putting out fake news this new digital transformation We’re going through they’re going to find it It says here it says All of this requires genuine political will institutional cooperation and strategic vision that goes beyond temporary solutions So basically, what are they telling us there’s a set in the stage for Iraq to enter the international financial system That’s what I see from this today basically Today simply It’s big day. It’s a big day.

So anyway, at least it is to me Lastly well, we we were warned about I think a couple of days ago. I think that there’s an article here Also, I think this is a lot it’s kind of a long read but I don’t think I was going to use it But the bottom line is in this in this particular article It’s Al Sudan his advisor talks about a new chapter with Washington and the agenda of a US delegation in Iraq soon this is over five pages of Data but interesting. Let me just back up here who’s involved it says it’s Global companies such as General Electric KBR Baker Hughes Halliburton, Honeywell Others are capable of playing a pivotal role in developing Iraq’s energy sector given a bill availability of the state investment opportunities and multi-billion dollar Contracts to modernize this vital sector.

So they’re involved they’re talking about Agreements to contribute to bridging the significant gap in electricity demand, which Iraq will fully need It just is it’s it’s full of information and I would highly recommend you talk about it But what is who’s involved? They’re talking about? the Wow, okay, excuse me I got sidetracked you guys because I had like I said, it’s it’s a really good article but the ultimately what it is is it’s the American Chamber of Commerce and They’re coming to Iraq and here at the end of the day that was a forewarning of that But here we are today. It says the largest trade mission to Baghdad Compromising, I mean, sorry compromising comprising of a hundred and one individuals okay, the American Chamber of Commerce headed by Steve Lutz is leading a 101 member delegation from approximately 60 American companies in the energy technology and healthcare sectors to Iraq this week The embassy said in a statement received by the news outlets basically,

she goes on and says this is the first US Department of Commerce approved trade mission to Iraq and the largest trade mission to Iraq in the chambers history They’re there from today Tomorrow and I think the night the 19th it goes on and says the American Chamber of Commerce the Federation of Iraqi Chamber of Commerce signed a pivotal memorandum of Understanding to strengthen relations between the American and Iraqi private sectors and says that this partnership will enhance Long-term economic cooperation between the two parties so all of these things come to play all at the same time

and It’s a collective of powerful information Powerful data that supports Iraq is going international. It’s that simple Today’s a big day and if you don’t see it I pray that you do because I think everybody should be happy and excited and no, of course not I can’t tell you it’s going to happen tonight tomorrow the next day, but ultimately what did they do? They told you that they’ve launched the new banking sector reforms At an international level their communication with international local and international They’re talking about digital currencies are talking about cross-border payments making things more efficient using artificial intelligence all of those things Iraq’s new digital dinar is going to be a part of that system Alox keeps talking about digital currencies.

He’s a central banker. He knows what the central banks know Okay, like it or not things are changing but enjoy. I hope I brought you guys a good a good a Good bit of information a good topics So, please if you like like my content, please hit subscribe and thank you very much for all the help that you do Keeping us going.

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