“The Evidence is Fairly Clear” – Sun. PM KTFA Thoughts, News w/ MilitiaMan 10-3-21

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KTFA

Samson » October 3rd, 2021

Disclosure of the date for the distribution of retired salaries

10/03/2021 10:25:48

An informed source announced the date of the commencement and disbursement of distributing the salaries of retirees.

The source told {Euphrates News} that “the direct distribution of pensioners’ salaries will start tomorrow evening, Monday.”
And he indicated that “the exchange will be completed next Tuesday.”   LINK

MilitiaMan » October 3rd, 2021

Interesting they are speaking about direct distribution in an “Epidemiological” way in regard to a financial way of speaking.. imo ~ MM

By definition, epidemiology is the study (scientific, systematic, and data-driven) of the distribution (frequency, pattern) and determinants (causes, risk factors) of health-related states and events (not just diseases) in specified populations (neighborhood, school, city, state, country, global).
https://academic.oup.com/jpubhealth/article/36/1/13/1573211  

PattyCakes77 » October 3rd, 2021

I pray this means something. Another week begins praying that this is the week all this is over.

MilitiaMan » October 3rd, 2021

I believe your prayers are going to be or are answered.

The evidence is farily clear as I see it. This data with links supports that the digital transformation of the globe is underway and Iraq is clearly a part of the process.

The reports out from the BUNA and the BIS are key documents with instructions and definitions of the digital transformation we are witnessing and it’s progress is amazing and picking up speed.

They published the article (see below) 09/29/2021 same day as the BIS 50 page report came out. The BUNA Glossary is 197 pages. They didn’t do all this without timing things accordingly. imo

They did these things while markets are closed.

Notice they mention Payment and financial infrastructure  around opening hours? I sure did.

Monday evening and exchange on Tuesday?

Fascinating markets align today too, pre markets open? We shall see.. imo ~ MM

There is also news out today that supports Iraq is acting like they are Article 8 compliant.

So the expectations  of a rate change soon is highly likely, imo.

To be digitized is to be internationally accepted which will also require new smaller notes so the citizens can get more purchase power and also not lose money not having the smaller notes.

imo We are in a very progressive spot. One that suggests it is not all about Iraq but, is about Iraq. ~ MM

https://www.amf.org.ae/en/publication/financial-technology-glossary-second-edition

“The Arab Monetary Fund organizes the twenty-third “remotely” periodic meeting of the Arab Committee for Payment and Settlement Systems

2021-09-30
Wednesday and Thursday 29-30 September 2021

The committee discusses:

Recent trends in the field of payment systems and financial infrastructure in light of the work of the Group of Twenty

A renewed view on the role of central banks in developing payment and settlement systems

Understand the risks associated with stablecoins and cross-border payments and contain them

Prospects and future of automated clearinghouses and their role in the era of rapid payments

Enhancing the role of payment-accepting intermediaries in commercial payment gateways and digital wallets

Current trends regarding the banking sector’s use of (ISO20022) messages internationally, and the developments of “SWIFT” message models

Opportunities and risks of technology companies in financial services in the Arab region

Today, Wednesday, September 29, 2021, the twenty-third periodic meeting of the Arab Committee for Payment and Settlement Systems, which is being held “remotely” in light of the Corona pandemic crisis, will open. The meeting will be attended by the directors of the payment and settlement systems and financial infrastructure departments of the Arab central banks and monetary institutions.

The committee meeting will also be attended by representatives of regional institutions, including: the General Secretariat of the Cooperation Council for the Arab States of the Gulf, the Secretariat of the Financial Action Group for the Middle East and North Africa, the Union of Arab Securities Authorities, and the Union of Arab Banks.

The meeting will also be attended by experts from a number of global central banks and international institutions, such as: the World Bank Group, the International Monetary Fund, the Bank for International Settlements, the International Committee on Payment Systems and Financial Infrastructure, the European Central Bank, the Bank of France, the Italian Central Bank, and the German Federal Supervisory Authority Banking, the Bank of England, the Eurocleor Foundation, the Swift Association, the German Agency for Development, and the Bill and Melinda Gates Foundation.

The committee aims to contribute to the development of payment and settlement systems in the Arab countries, and to enhance coordination, cooperation and exchange of experiences and expertise in this regard between central banks and Arab monetary institutions.

 Within the framework of its role as a technical secretariat for the Board of Governors of Arab Central Banks and Monetary Institutions, the Arab Monetary Fund assumes the secretariat of the Committee. His duties in this regard are based on preparing the agenda, contributing to the preparation of studies and reports issued by the committee, and following up on its recommendations.

In its two-day meeting, the committee will address a number of important topics, most notably recent trends in the field of payment systems and financial infrastructure in light of the work of the Group of Twenty. Payment and financial infrastructure around opening hours, access and connectivity requirements. Committee members will also be able to view the latest developments in the services of the “Bunna” platform for Arab payments of the Regional Corporation for the Clearing and Settlement of Arab Payments, and discuss the role of central banks and Arab monetary institutions in encouraging the use of innovative services provided by the platform to the financial and banking sector in Arab countries.

The committee will also discuss a set of topics related to the risks associated with stable currencies and cross-border payments, and the risks and opportunities of large companies for technologies in financial services in the Arab region, in addition to discussing the renewed view on the role of central banks in developing payment and settlement systems, and current trends regarding the banking sector’s use of messages ( ISO20022) internationally, and developments in SWIFT messaging models. The topics of the meeting will also address the future of automated clearinghouses and their role in the era of rapid payments, commercial payment gateways and digital wallets, and the requirements for implementing the Legal Entity Identifier (LEI) in payments.

Finally, the committee will discuss participation in the international survey on payment systems and processes in which cooperation with the World Bank takes place, and discuss the possibility of issuing a regional report using the results of the survey.

On this occasion, His Excellency the Director-General and Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdul Rahman bin Abdullah Al-Hamidi, praised the continuous development of the topics and issues discussed by the committee and their importance for Arab countries in enhancing the safety and efficiency of financial transactions and the flow of payments and transfers.

His Excellency expressed his happiness with the wide participation of the relevant regional and international institutions, which enhances the importance of the committee as a platform for dialogue and exchange of experiences and expertise in the issues of financial infrastructure systems.

His Excellency stressed the need to pay attention to the issues of digital payments and instant payments, and that the committee should be proactive and proactive in enhancing knowledge to support the efforts of Arab countries in this regard.

His Excellency praised the great support and encouragement given by their Excellencies, governors of Arab central banks and monetary institutions, to the “Bunni” platform for Arab payments, and the great opportunities that the platform offers to develop the payment and settlement system in the Arab region and enhance regional financial integration and linkage with the global financial system, looking forward to support And the committee members’ contribution to introducing the platform and expanding the platform’s network of participating banks.”

https://iraqakhbar.com/3317263

“The minister said in a press conference held today on the sidelines of the opening ceremony, that this oil project is one of the most important projects and within international standards, modern regulations and safety conditions attractive to all oil tankers.”

Source: Dinar Recaps

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