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STATUS OF THE RV , PART. 5
😊😊Once we read about the UN praising Iraq for its efforts in AML in article titled “UNITED NATIONS: WE BELIEVE IN IRAQ’S RETURN TO ITS POSITIVE ROLE.”
The United Nations Assistance Mission for Iraq (UNAMI) announced on Wednesday during the AML conference in Baghdad that “this conference represents an important milestone in Iraq’s journey towards transitioning to a state of law and institutions and positive interaction with efforts to combat money laundering and dry up the sources of terrorist financing.” WOW! WOW! WOW!
He added, “The United Nations believes in Iraq and Iraq’s return, and believes that good governance, transparency, and international transition are not just slogans, but rather pillars toward a transparent economy that interacts with the region and the world.” Are they getting ready for the next step which is…….. RV time!
😊 😊In this next we see more of the fruits of Iraq’s labor in combating AML in the article titled “NEW PARTNERSHIP TO CONNECT THE MIDDLE EAST AND EUROPE VIA IRAQ”. I have to say if they are not about to go international after reading this article, I am a monkey’s uncle….lol….
Efforts to create a digital telecommunications corridor stretching from the Middle East to Europe through Iraq, offering alternative terrestrial connectivity options that provide higher levels of capacity, security and efficiency. According to a statement, the route will use terrestrial fibre connectivity that utilizes Iraq’s position as a digital gateway, creating more reliable services that are less susceptible to interruptions. It will pass through Turkey and make its way up to Frankfurt, Germany. The new corridor will act as an alternative to traditional subsea routes by bypassing some of the turbulent areas, ensuring seamless connectivity between the Middle East and Europe.
Mr. Sohail Qadir, CEO at ZOI, said:
“By working together, we will enhance regional and international connectivity, offering higher capacity, security, and efficiency for businesses, operators and hyperscalers across continents.”
😊Next in a recent article we see the positive results of the AML efforts. See article titled “IRAQ STOCK EXCHANGE REPORTS OVER 11B IQD TRADED IN STRONG FINAL WEEK OF MAY” dated May 29, 2025.
😊Then we read other recent articles praising Iraq for its efforts. One is titled “WASHINGTON PRAISES IRAQ’S REGIONAL ROLE AND AFFIRMS ITS SUPPORT FOR ITS STABILITY”. The United States on Tuesday commended Iraq’s regional role and its efforts to end tensions and crises. “the ongoing positive developments Iraq is witnessing at various levels, and the efforts being made to consolidate security and stability and strengthen the economy and investment.”
😊I find this next article amazing progress in the AML effort. You can read about it in the article titled “TRANSFORMATION IS A FINGERPRINT… “ESREFLAK” RESHAPES THE RELATIONSHIP BETWEEN CITIZENS AND MONEY.” It was reported that Iraq has achieved a qualitative leap in the electronic banking sector, ranking third in the Arab world in the number of bank cards issued, with a rate exceeding 46.5 cards per 100 people. This rate puts Iraq ahead of Jordan and Morocco, and close to the Gulf states, which have long led the field. They are telling us nearly half the population now have bank cards in Iraq. If you dare to remember that 10 years ago Dr Shabibi started this effort and it did not go very well. It stagnated and was very difficult to get people to go from raw cash to debit cards.
So, today they are telling us they were able to achieve such this progress based on a dual strategy that combined institutional support from the Central Bank of Iraq with popular support through awareness campaigns that met with a remarkable response, most notably the “Spend It” campaign, which sparked a wave of cultural change in the way people handle money. In a short period of time, the campaign was able to break through the walls of cash habits, replacing them with easy and safe digital options. A citizen named Haider Al-Zaidi tweeted on the “X” platform, saying: “This is the first time I have paid with a fingerprint and without cash at Abu Ammar’s store. Thank you to the #SpendYou campaign.
English (US) ·