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Monday, August 7, 2017

KTFA UPDATE, 8 AUGUST

Whatever:  Thanks for your comments BackDoc. What do you think will be happening with the Rial/Toman? Is Iraq's Shia brother still on the uptick despite the ongoing sanctions? 

BACKDOC:  THE TOMAN IS A HIGHER DENOMINATION NOT A DIFFERENT CURRENCY. ITS LIKE GOING FROM A TEN DOLLAR BILL TO A 100 DOLLAR BILL. IT IS A TEN FOLD INCREASE OF VALUE.    IMO   DOC

Whatever:  So the two will exist together? How is Iran doing with respect to raising the value of their currency, in your opinion? Thanks Doc!

Backdoc:  WE KNOW FROM ARTICLES THAT THEY PLANNED TO DROP 4 zeros. THEY DID INDEED DROP ONE BEFORE THEY WERE GIVEN THEIR RATE IN DC ON APRIL 21 st. WE HAVE SEEN THEM FOLLOWING IN IRAQS FOOTSTEPS SINCE THEN. 
IMO   DOC
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Cleitus:  Backdoc, I would like your opinion on how much of a hit will the British pound take on let's say..., 40 billion pound settlement.  Please, anyone else in the know is welcome to answer.  A short explanation would also be nice.
 
BACKDOC:  THAT IS A TRICKY ONE MY FRIEND BECAUSE THE NEW DOLLAR WILL LIKELY BE MUCH LOWER THAN NOW COMPARATIVLEY. VALUE WILL BE REDETERMINED GLOBALLY AGAINST THE NEW DOLLAR.
IMO   DOC

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Mikhail:  And just so you know Frank, we are paying attention to the articles brought forth this evening.  The article pertaining to Iran and the CBI wanting all transactions recorded and sent, along with gold is very interesting.  Not to mention the older article speaking of the dinar not going below a certain dollar amount.  Many of us read the articles, but we post rarely.  Delta's article about Tanzania brings a certain reality to mind when not looking at this investment through a toilet paper tube.  Only so much can be seen when you focus on one spot and not the whole picture.

Frank26:  Especially when that which is being offered as articles right now are more like a .............. Micro Dot.

Tonight Your MONDAY CC will once again .........  Praise God ............ Because He has blessed us with good understanding.

By the Time M CC ends ............... You will Realize ............ Many things.

IMO .......... The Internet is Lifeless ......... Desolate ............. On the MC (Master Card?) STUDY right now.

Tonight ........... FOUR Rivers will water and bring a Zest back to some ............ An Exploding Exuberance ........... An Elan.

It would Behoove some to ............. Come Listen Tonight.

C U on Your CC  ............ 7pm est ........... Aloha \m/

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Samson:  Association of Private Banks: Banks are working on issuing four million bank cards

 7th August, 2017

The Iraqi Private Banks Association announced on Monday that Iraqi banks are currently working on issuing four million bank cards.

The Executive Director of the Association of Private Banks, Ali Tariq, in an interview with "Economy News", "The banks operating in Iraq are currently working on the issuance of four million bank cards and put them on the market," adding that "the world will see in the coming years, Using electronic cards in daily transactions. "

He stressed that "the issue of bank cards is of great importance after the opening in the society and the expansion of the banking culture of the citizen," explaining that "the Association of private banks will establish several courses for bankers on the development of their capabilities in dealing with bank card

http://economy-news.net/content.php?id=8614

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Samson:  Distribution of salaries for the month of July for the employees of Nineveh

 2017/8/7 16:33

The Ministry of Education began distributing the salary of the month of July to the members of the displaced province of Nineveh in Baghdad, adding that tomorrow will distribute the salaries of employees of education in the representations of Arbil, Dahuk, Sulaymaniyah and Kirkuk from the meal {1} ​​to the meal.

A statement issued by the Minister of Education, Mohamed Iqbal al-Sidli, received the agency {Euphrates News} a copy of it today, "Directorate of Education Nineveh will begin to distribute the salaries of employees in Mosul, which number 23300 teachers and teachers and staff on Friday." 

He noted that "the minister is keen to distribute the benefits of the staff of education Nineveh without delay, and follow-up continuous and direct to this important file.

http://alforatnews.com/modules/news/article.php?storyid=147794

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PappaJ:  A FORUM MEMBER WANTED TO BE ABLE TO CONNECT THIS TO ALL OF THE INFO COMING OUT OF IRAQ.

BELOW IS A SUPPORT/ INFORMATION EXCERT OF A PIECE WRITTEN BY THE FOLKS AT NCR.

OVERALL VIEW AS TO WHY ATM'S HAVE BECOME INCREASING IMPORTANT IN THIS DIGITAL AGE THAT LIKE IT OR NOT IS AND WILL INCREASING BECOME

A STRANGLEHOLD/ CENTRALIZED CONTROL ON THE GLOBAL FINANCIAL SYSTEM. PJ ​
Why the ATM is important to financial innovation

By:   Colin Gordon

 April 29, 2015 11:59 am

The ATM is often seen as a distinct area of banking services, one that rarely changes and operates separately from the rest of banking functions like mobile or online. For many consumers at least, the perception is that the automated teller machine hasn’t changed since its inception in the 1960s and it’s got no room to do so.

Nothing could be further from truth however, and it’s clear how developments at the ATM channel are actually now at the heart of wider financial industry innovation. Over the coming years what we see in this channel will influence, and be influenced by, other changes to technology shifts in the banking sector.

Not just cash

Perhaps the biggest change that has already taken place is the gradual shift away from the 2.8 million ATMs globally being just cash dispensers. Consumers can pay bills, purchase event tickets and pay in checks at ATMs these days and there are increasing signs that functionality is evolving further with transactions such as foreign currency and travel ticket dispense also.

Cash use is still holding firm in the face of new payment methods.  Over $400,000 USD is withdrawn in cash from the ATM every second.  This alone continues to highlight the key role that the ATM and cash will have in the future. Indeed as banks seek to rationalize branches by scaling back the number of outlets, the ATM forms a key channel for consumers to get hold of cash. And with added functionality, like video teller tech, the ATM is also a way to maintain customer engagement and service more cost-effectively on a 24/7 basis.

Growth

As consumers migrate to online and mobile banking, some have suggested branches and ATMs will no longer be required. In fact we’re seeing the opposite because improved technology and increased functionality makes ATMs more useful to consumers.  The ATM at 94bn, Branch at 76bn both still see a greater number of annual transactions globally than online (35bn) and mobile (29bn).

The Asia Pacific region is driving growth of new ATM machines as the installed base rises, but in Europe and North America there are also changes. ATM technology is moving on so quickly in response to changing consumer habits, replacement of machines in established markets will be a sign of further financial growth.  This is of importance as the consumer experience at the ATM becomes more important and the whole design, aesthetic and usability begins to mirror that seen on smartphones or tablets as digital and physical converge.

Contactless

A key trend that’s also emerged in the last couple of years has been contactless technology, which allows consumers to swipe their card or phone to initiate a transaction at a point of sale terminal. This is also extending to ATMs as their place in the wider context of financial innovation is appreciated.

For example, NCR helped launch the world’s first tap and pin ATM with ANZ using SelfServ 23 and EMV contactless technology. By helping to reduce fraud related to ATM use and transaction times, we will likely see the drive for contactless ATMs being at the heart of wider financial innovation efforts taking place.

Check out NCR Financial Services solutions.

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