Clare » November 5th, 2023
Next Monday… Sudanese will undertake a regional tour, starting in Tehran and followed by Gulf capitals
An informed source said on Sunday that Prime Minister Muhammad Shiaa al-Sudani was on a regional tour that included several countries.
The source told Shafaq News Agency: Tomorrow, Monday, Sudanese will conduct a regional tour starting in Tehran and Gulf capitals to discuss developments in events in Gaza.
Yesterday, Saturday, Prime Minister Muhammad Shiaa Al-Sudani stressed that the Iraqi state is responsible for making major decisions based on the interest of the people, in an apparent allusion to the unofficial internal positions and reactions issued regarding the ongoing war between Israel and the Palestinian armed factions. In the Gaza Strip. LINK
Frank26 » November 5th, 2023
“SUPREME MONETARY REFORM MECHANISM IN ACTION!!!”……………..F26
11/3/2023 Baghdad – INA – Hassan Al-Fawaz
Advisor to the Prime Minister, Fadi Al-Shammari, today, Friday, considered the launch of the (Visa Direct) service for transferring money abroad a successful step that will facilitate the work of small merchants, stressing that it will contribute to reducing the exchange rate in the parallel market, and its procedures take only 5 minutes.
Al-Shammari told the Iraqi News Agency (INA): “The launch of banking work during the era of the current government is taking place with a new vision and modern mechanisms, and First Bank of Iraq is the first bank to launch the direct financial transfer service digitally through the (Visa Direct) service.”
He added, “This development is a major achievement that is linked in one way or another with the strategic vision held by the government and launched by the Prime Minister in financial, banking and economic management, and is also consistent with the new directions of the Central Bank in the process of re-evaluating, restructuring, organizing and maturing the banking work in Iraq, and we are now witnessing the start of “It will have a significant impact on the commercial and banking reality in Iraq.”
He continued, “We hope that citizens will interact with this banking service, which will contribute to cutting off speculators in the black market, and the Visa Direct service will include many small merchants and will help them access a clear, explicit, official, and legal platform to transfer money abroad easily and conveniently, from account to account, at the official exchange rate.”
He pointed out that “this service will contribute to a decrease in the exchange rate in the parallel market within the framework of ongoing government work to regulate banking work.”
Earlier, the Central Bank of Iraq announced the launch of the “Visa Direct” service to facilitate financial transfers, in coordination with the international company “Visa” and cooperation with the First Bank of Iraq.
The bank confirmed that the “Visa Direct” service is for direct financial transfer to the bank’s customers in Iraq, and it was launched digitally for the first time through a special application, and every customer in the First Iraq Bank (FIB) can transfer five million dinars daily, and 13 million dinars monthly, which will be calculated at a price. Official exchange.
Central Bank Governor Ali Al-Alaq said during his speech at the service launch conference: “The Visa Direct tool came at the right time to facilitate transfer operations, especially simple transfers at the citizen level.”
He stated, “This tool facilitates the demand for foreign currencies, and we are trying to expand access to these currencies in easy ways,” stressing, “The issue of foreign transfers, selling the dollar, and the exchange rate are fundamentally linked to employing as many electronic tools as possible.” LINK
Source: Dinar Recaps
Clare » November 5th, 2023
The Sudanese advisor determines a set of procedures to monitor trends in the management of public funds
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Sunday, the government’s work to reorganize and unify accounts in government institutions, while indicating that adopting electronic collection and payment will help unify the unified treasury system.
Saleh said, “The state’s public finances are working in high harmony with the government program, to reorganize, compile, and unify the accounts of spending or disbursement units in all ministries, regions, and governorates, from the state of dispersion in the past to the state of integration and integration with an interconnected aggregate accounting system, within the government accounts within the banking system.” Pointing out that it is “a proactive step towards achieving the single unified account for the treasury, or what is called the Treasury Single Account (TSA).”
Saleh added, “This step also aims to monitor financial transactions, flows, and existing government cash balances, moment by moment, in preparation for the next stage, which requires completing the complete electronic link between disbursement or public spending units, with a digital system called (ifmis), which means management system.”
Integrated Information Finance, which is the final advanced stage required by the unified treasury account system, is currently being worked on intensively and diligently by the Financial Authority.”
He explained, “Adopting electronic collection and payment systems will help unify the unified treasury system, specifically in the field of digital cash flows related to collection and electronic payment, so that digital financial activities are immediately integrated with the unified collective government bank accounts.”
Saleh continued: “This will add a source of organizational strength and speed that will bring the unified treasury account closer to its role towards faster integration into the digital climate and electronic payment systems, which have taken their positive role in organizing, speeding and governing cash flows, in order to know the cash presence of public finances clearly and daily, in addition to To facilitate the activity of financial control over trends in the management of public funds.” LINK
Source: Dinar Recaps
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