The Ministry of Finance announced today, Monday, that reconstruction bonds will continue to be available to citizens until the end of January, within the framework of enhancing development and investment aspects and activating financial and monetary policies in the country.
A statement issued by the ministry, a copy of which NRT Arabic received, stated that the third issuable construction bonds, with a value of 2 trillion Iraqi dinars, will remain available to citizens until the end of January 2024, within the framework of supporting the reconstruction and construction movement, in addition to encouraging citizens to participate in Invest by purchasing these bonds.
The statement explained that the bonds will be tradable on the Iraq Stock Exchange, and will be available in two denominations, with values of 500 thousand dinars and one million dinars, with annual interest of 6% and 8%, respectively, for different time periods.
The Ministry stressed that the process of purchasing and trading bonds is exempt from taxes in accordance with the Federal Budget Law for 2023, calling on investors and citizens to take advantage of this investment opportunity and show interest in participating in this economic activity.
Article: "Al-Sudani leaves Baghdad for Switzerland to attend the Davos Forum" Quote: "On Monday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani left the capital, Baghdad, for Switzerland to participate in the 54th session of the Davos Economic Forum."
Article: "With the exception of Iraq...the World Bank announces a rise in food sector inflation in the world" Quote "...the International Monetary Fund announced a decrease in the inflation rate in Iraq, which is expected to stabilize due to the policy of the Central Bank of Iraq and the impact resulting from raising the exchange rate of the Iraqi dinar..."
Article: "An Iraqi delegation heads to Washington within days, followed by a visit to Sudan" Quote: "Iraqi delegation will head to Washington within days, followed by a visit by Prime Minister Muhammad Shiaa Al-Sudani."
Article: "Selling an Iraqi currency dating back to the era of “King Ghazi” for 100 thousand pounds sterling" Quote: "A very rare Iraqi currency dating back to the royal era was sold in the country, today, Monday, at a fantastic price of 100,000 pounds sterling, or approximately 187 million Iraqi dinars ."
Article: "Expectations that the decline in dollar prices will bring benefits to the Iraqi individual " Quote: "In order to reduce the price of the dollar in the local market, the Central Bank of Iraq specified, yesterday, Sunday, the entities covered by receiving their external transfers in cash in the dollar currency, starting from January 2, 2024. "
Article: "A financial expert points out the reasons for the continuous decline in the dollar exchange rate" Quote: "On Monday, financial expert Nabil Al-Ali attributed the continued decline in the exchange rate of the US dollar towards the Iraqi dinar to...the change in the attitudes of merchants and public opinion through their conviction of the strength and status of the dinar...The dollar exchange rates against the Iraqi dinar will continue to decline, thus touching the official rate specified by the Central Bank ."
Article: "The Iraqi Dinar Overthrows The Dollar And Wins The Struggle To Control The Regular Market” Quote “The US Treasury continues its cooperation with the Central Bank of Iraq,as many Iraqi banks have now formed relationships with international banks for the first time.”
Article: " CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules " Quote: " For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”
Article: "CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules" Quote: "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”
US President Joe Biden hung up the phone on Israeli Prime Minister Benjamin Netanyahu during their last call, in new evidence of the expansion of the dispute between them as a result of the war.
According to the American website Axios, “Biden and Netanyahu, who remained in almost daily contact in the first two months of the war, have not spoken to each other in 20 days since a tense call on December 23, which a frustrated Biden ended with the words: ‘This conversation is over.’”
The website stated that before When Biden hung up the phone, Netanyahu rejected his request that Israel release the Palestinian tax revenues it is withholding.
National Security Council spokesman John Kirby tried to downplay the decline in communications, telling reporters on Wednesday that it “doesn’t say anything” about the nature of the relationship.
The website quoted American officials as saying that Biden and senior officials in his administration are frustrated with Netanyahu for rejecting requests from Washington related to the war on Gaza, which represents a priority for the United States.
In addition to the issue of tax revenues, Biden and his advisors believe that Israel is not doing enough to allow humanitarian aid into Gaza. They are also frustrated by Netanyahu’s unwillingness to seriously discuss plans for the day after the war and his rejection of the US plan to reform the Palestinian Authority to have a role in the “post-Hamas Gaza” era.
Tier4b will receive notification around the first of next week and be able to set appointments startingThurs. 18 Jan.
Wed. 10 Jan. to Fri. 12 Jan. Texas Snake:
“The folks I am hearing from are suggesting our notifications will occur between the Wed. 10th and Fri. 12th of Jan, with exchanges commencing somewhere between Thurs. 18th and Sat. 20th.
Well the call confirmed what I had heard and was going to share. There are more rumors and tentative release dates than anyone can keep up with starting today thru the end of March but the folks I am hearing from are suggesting our notifications will occur between the 10th and 12th of this month with exchanges commencing somewhere between the 18th and 20th with a maximum initial cash distribution via debit card of 10k with balance due deposited in your new QFS Account within 10 to 15 business days after your exchange. Is there confirmation of this via official agencies, NO, but the exchange centers are preparing for the dates suggested to schedule appointments. Best I have at the moment…….
It is 2300 hours on the 4th of January and while I have no definite date or time I am encouraged based upon preparations dealing with exchange center preparations I have become privileged to learn about that our window drawers nearer and nearer. GOD Bless you folks for hangin’ in there.
“The WF Banker is back in Texas and does not anticipate on returning to the West Coast until we have concluded our exchange process and his job in these five states has concluded. He seemed very positive it wouldn’t be that long a period before he could rejoin his family.”
Folks, as I have stated before the world economy cannot continue without the RV and the powers that be know this. On Fri. 23 Dec. I spoke with a banker contact. He was going to Los Angeles or San Francisco to spend the holiday with his family. He indicated that point it might be much later into January before we did anything.
So today (Thurs. 28 Dec.) since I hadn’t heard from him, I called and spoke to his Assistant. She said he’s planning to fly back into Texas tomorrow Fri. 29 Dec. He’s got these five stages he’s involved with. He’s training a number of Wells Fargo bankers on the procedures that they have to follow in order to do exchanges.
He said that everyone that goes through an exchange process will be getting some type of a new Credit Card/ Debit Card that hooks into the QFS system. At your exchange you will get at least one or two percent of whatever you’re going to exchange immediately put on that card. They will open a new account for you, or possibly multiple accounts.
If you have more than one currency and wish to open an account for each currency, they will do all that at your exchange meeting. Then it will be 10 to 20 days after that funding will actually appear in your new accounts. I think he said it was a $10,000 dollar debit card to leave the exchange process with so you have funding at least up to 10 grand to do certain things you may need to do.
Information/private.. Today, Monday, a member of the House of Representatives, Saud Al-Saadi, sent a request to the Presidency of the Republic regarding the American ambassador to Iraq, while warning of the continued targeting of the leaders of the Popular Mobilization Forces.
Al-Saadi said, in an interview with the “Al-Ma’louma” Agency, that “The President of the Republic is required, according to the Constitution, and in accordance with the provisions of Articles 1, 9, and 67, to expel the American ambassador to Iraq, in accordance with the constitutional powers granted to him, especially Article 73 of the Iraqi Constitution, after the continued American bombing of the headquarters of the security forces.”
He added, “These attacks are a blatant violation that cannot be tolerated, as they may lead to the continuation of a series of repeated targeting of the leaders of the Popular Mobilization Forces, which is witnessing successive American operations to attack them one after another, in light of the government and parliamentary silence.”
The member of the House of Representatives explained, “These repeated American attacks must be confronted with real reactions from government and parliamentary bodies, and the implementation of the 2020 resolution should proceed.”
Earlier today, Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, called on the government to implement the decision to end the foreign presence in Iraq, indicating that the House of Representatives’ decision to end the presence of foreign forces in Iraq is a principled and firm decision.
Most of the Iraqi political forces issued their support for the Prime Minister regarding the steps to remove American forces from Iraq after a series of attacks against the Iraqi security forces.
