KTFA:
Samson: Online platform
20th July, 2022
Proceeding from the role of the Central Bank of Iraq in developing the work of exchange and mediation companies in the sale and purchase of all foreign currencies and supporting it with the technical infrastructure that allows them to ensure the integrity of their operations and document them in a way that ensures reference to them with the required speed and accuracy, this bank will adopt a special platform for the activities practiced by their companies and it will facilitate a lot of the restrictive procedures for the activity of their companies.
Note that they will be notified of the special requirements to work on this platform within specific times that will be notified later. LINK
Q3Proud: does this sound familiar? Pay close attention to these words:
Sale and Purchase of All Foreign Currencies + Technical Infrastructure = Integrity + Accountability {Document}
developing the work of exchange and mediation companies in the sale and purchase of all foreign currencies and supporting it with the technical infrastructure that allows them to ensure the integrity of their operations and document them in a way that ensures reference to them with the required speed and accuracy, this bank will adopt a special platform for the activities practiced by their companies and it will facilitate a lot of the restrictive procedures for the activity of their companies.
Note that they will be notified of the special requirements to work on this platform within specific times that will be notified later.
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Tivon: Man, do you see how this is coming together? I don’t even know what to say. When you think about what has been shared over the past week alone up until now. Because again how would the EFSL work without this in place?
How would the ministries feel confident that they can carry our their duties if these technical measures are not in place?
Because they have to depend on something that is considered a supplementary budget. They can not even rely on a seated GOI because otherwise they wouldn’t have to entertain the notion of self-financing anything.
So for the Central Bank to come out with this article speak volumes. I mean… all currencies? I wonder when this platform will be ready? Has to be pretty freakin soon if the Ministry of Finance plans on overseeing the distribution of those citizens entitlements.
Because the responsibilities of the office (MOF) include advising the head of the government; managing a budget/EFSL, taxes, and funding for programs; addressing domestic economical growth and policy; and handling international financial matters. Especially when it comes to wages that are currently being readjusted. IMO
