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Saturday, May 13, 2017

DINAR GURUS UPDATE, 13 MAY

5-13-2017   Newshound Guru G-Lin   [new Guru]   Article: "ATMs for MasterCard card users"  Quote: "the project will be completed within the next few years after the final approvals of the implementation conditions have been completed legally"   I'm not too concerned about that 3 year mention. This art. is a very encouraging one. It looks as though Iraq has already accomplished huge things in the banking industry. We are right in the middle of Iraq going digital. E money. And IMO those ATM's will not slow things down one bit. They apparently have already connected to international banks. That is huge. I think the majorities of salaries are being paid on smart cards and that will encourage the peeps to warm up to banks and bring in those 3 0's notes. Once they pull in the liquidity under the mattresses I think they will bring out the LD's. I don't know when that will be of course, but they seem to be on a fast track currently.  At least in the banking industry. And that is exactly what IMF has told them repeatedly to do. Finally they are complying. 

5-13-2017   Newshound Guru Phillyman  Article:  "International Development Bank (IDB) is granted a membership license to MasterCard International"   Quote:  "The International Development Bank (IDB) on Thursday held the signing ceremony for the contract for the granting of a basic membership license to MasterCard International in Baghdad."     I wish the time table wasn't as stated  "the project will be completed within the next few years after the final approvals of the implementation conditions have been completed legally" but it certainly is a huge step in the direction of a nation trying to make great strides in their economy.  It would also be nice when electricity is running 24/7 to keep those ATMs on.  

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