MiniQ Starship 🛸

The economic expert and currency market spokesman in Sulaymaniyah Jabbar Kuran said in a statement that “the economic and financial situation of Iraq is in a remarkable development and growth and now we are witnessing an increase in the economic growth of the country by 2% and this is a good thing for the Iraqi economy compared to the past years.” He added that “the implementation of the Central Bank of Iraq’s electronic measures under the supervision of the US Treasury Department has had a clear impact on economic growth as well as on the devaluation of the dollar against the Iraqi dinar.” He pointed out that “the monetary fiscal policy now followed in the country has made the difference between the exchange rate of the dollar and the dinar shrinking to the limits of ten thousand dinars, and this difference is normal for many reasons.” https://www.shafaq.com/ar/اقتصـاد/خبير-الاقتصادية-العراقي-يشهد-نموا-ملحوظا-اسهم-بتراجع-سعر-صرف-الدولار

😳😳😳 Discover a mysterious ancient civilization of giant women who were buried as if to bury their existence, their bodies divided and buried in many places. https://x.com/qertninja/status/1795589122108875238

Georgia’s election board now admits to violations of election law in 2020. It’s over for the election fraud deniers. https://twitter.com/JDunlap1974/status/1795256586002452512?t=Qs7SBUUUqeXksD6FrcWhsg&s=19 @CaptKylePatriots

The old Cabal's SWIFT has completely collapsed, right? 😉 Navigating the future of ISO 20022 for payment systems Hi , Register now to explore the transformative journey that ISO 20022 offers for the future of payment systems around the world. Swift’s Tom Dunbar will be joined by Mel Gauci from the Australian Payments Network, and Christine Orina from the Central Bank of Kenya, to discuss market standards for ISO 20022, and how these will bolster financial stability and spur innovation. Join us to learn more about this exciting topic! https://view.mailing.swift.com/?qs=7b41b9fbb6488b625d6b81985d2a6c03050e7124aa8058488cf4dadcb0248ba55d242033e03a7211c31f1260711962536a603fe43ab1d47bfc56e73a762ad6f14232103ab42b25b5371b0e9d3968d987

Once Iraq's digital banks are licensed and good to go, their currency will be licensed as well. © Goldilocks

The Iraqi banking system may soon receive banks of another type called (digital banks). What are these banks and will the citizen, the banking system, and the Iraqi economy benefit from them? Files that the beneficiary of the banking sector services in Iraq is trying to ask. https://economy-news.net/content.php?id=43770

International Monetary Fund mission for the current year 2024 for Article Four consultations praised the Iraqi government’s measures, including the monetary policy led by the Central Bank of Iraq. The report indicated that the Central Bank of Iraq has taken several measures aimed at stabilizing the national currency and controlling monetary inflation. Adding that the Central Bank raised the interest rate on monetary policy tools from 4% to 7.5% and increased the mandatory reserve requirements for banks from 15% to 18%, and these steps were decisive in reducing the inflationary pressures that Iraq suffered from, and this contributed to creating an economic environment. More stable. The report emphasized that important reforms in the banking sector, such as the gradual increase in bank capital and mergers between small banks, aim to strengthen the banking sector and increase its efficiency and flexibility in the face of economic shocks. The report noted that Iraq has implemented new compliance measures to improve the transparency of cross-border financial transactions, by launching an electronic platform that imposes the disclosure of financial beneficiaries, which enhances the integrity of financial transfers in accordance with international banking standards, as well as the role of the Central Bank of Iraq in expanding relations. Correspondent banking, to facilitate smoother international trade financing operations. Central Bank of Iraq Information Office May 27, 2024 https://cbi.iq/news/view/2592

The modernization of back-end systems represents an ongoing challenge for banks, especially as they seek to introduce new digital-first services. The options used to be stark: Rip and replace, or get the most mileage of the legacy systems already in place. In recent years we’ve seen the continued emergence of cloud-core banking systems used in the service of conducting daily banking activities, while future-proofing financial institutions for the changes to come — through API connectivity — particularly in instant payments. Private and public cloud setups (not hosted on the premise of the companies themselves) connect financial services companies with providers and applications that handle everything from payments processing to reporting to compliance. Tied to all those functions are cloud ledgers, which record the transactions themselves automatically. The shift to the cloud is especially timely, given the rise of embedded payments and embedded lending. Those two trends, along with virtual card issuance, can create new revenue streams for digitally minded enterprises. https://www.pymnts.com/cloud-banking/2024/financial-services-providers-highlight-opportunities-cloud-native-banking/

When we move from T+1 settlements to T+0 settlements across the Nations, the shift into the QFS will become possible. Why? The only way to do that is through a digital process leaving behind wire payment processing services (ACH) behind for good. © Goldilocks https://www.armstrongarchives.com/digital-vs-electronic-records-management/#:~:text=Digital%20records%20can%20be%20easily,for%20use%20within%20computer%20systems.