Revealing A Movement To List Government Bonds In The Markets
Economy | 02/26/2024 Mawazine News – Baghdad The Iraqi Securities Commission highlighted, on Monday, the importance of government bonds, noting that they provide financial liquidity for investment projects, while revealing the existence of a movement from the Central Bank to list government bonds in the markets.
The Chairman of the Authority, Faisal Al-Haims, said in a statement to Mawazine News, “Three issues of government bonds were issued, as the first and second issues were launched, and now there is the third issue.”
He pointed out that “there are requests from the Central Bank of Iraq to list these bonds in the market,” noting that “those bonds are debt securities owed by the Iraqi government, in exchange for interest given to the owner of this bond.”
Al-Haims explained, “This measure will provide financial liquidity for the investment projects launched by the Prime Minister and his government,” suggesting that they “will be crowned with goodness and success for the Iraqis.”
Government bonds are a type of debt-based investment, where you lend money to the government in exchange for an agreed interest rate. Governments use them to raise money that can be spent on infrastructure or new projects, and investors can use them to obtain set returns, paid at regular intervals. https://www.mawazin.net/Details.aspx?jimare=242771
FRANK: The GOI and the CBI came out and told you Iraqi citizens they are forming a committee to reprice your products in the markets...We told you once you see them start to do this repricing of items inside of Iraq's markets to get excited. IMO this is the precursor to your new exchange rate...things are very exciting right now. Your bank friend will be talking to you very soon.
FIREFLY: The entire city is uncomfortable and upset knowing the HCL is still not dealt with, knowing this is a key for us citizens. Today they [parliament] all walked out. They can't agree on the bill and they said we don't know when or if ever we will pass it. FRANK: That's a bunch of bull Ka-Ka. What do you mean you don't know when you're going to pass it. No one needs you to pass it!
FIREFLY: TV says the Baghdad dollar will see a huge drop beginning of week, however the exchange rate is stable? We don't know what it means.
FRANK: What is a Baghdad dollar? It's the United States Dollar in Baghdad....That's the drop of the US dollar in the parallel market...Which means they'll try to get to 1 to 1...I'm not telling next we're going to have our blessing. I'm telling that next week they're going to do what they're saying.
FIREFLY:Sudani talked about going to Washington DC to meet and get all oil reserves and assets from oil held in U.S. Treasury. FRANK: Dang! Like they don't have enough money! Wow!
FIREFLY: Al Suandi is on TV news Channel One saying the best and the only way to improve the electronic payment system is the CBI should remove the three zeros, print the new currency and give us a one month period to exchange our currency. This will show the power of the dinar over the dollar ...He also said this will get rid of citizen holding cash and any smugglers and money laundering.
FRANK: ...That's what they're about to introduce to you, your new exchange rate to match your lower notes...the lower notes will only work with a new exchange rate. I can't believe they keep saying this to you constantly every day...You are within arms reach ...One month...I believe they'll give you longer than that. Outside with us it should also be a longer time to exchange...
FIREFLY: A guy comes on TV and he talks to us about how the end of the Untied Nations mission official has removed all sanctions from Iraq...
FIREFLY: So far we are not seeing the lower notes but they talk to us about them every day.They just talk to us about them and why we'll need them.
FRANK: They are talking to you about the lower notes and coins because they are about to show them to you next week or the week after. I believe your bank friend will show you something in the sense of pictures...Take as many pictures as you can.
FIREFLY: A representative from the CBI is talking to us in great detail about the new coins they will be giving us with the new currency notes...He said to us once again, the process to delete the zeros is in the process.
It made us smile. He said this process is occurring because the lower notes will not be needed if the rate wasn't increasing.He said if the CBI didn't come out with these lower notes the monetary reforms would be a disaster. He said that's why we need a change in our rate...
Of Finance Stresses The Importance Of Activating The Service And Economic Programs Of The Provincial Councils
Monday 26, February 2024 | Political Number of readings: 238 Baghdad / NINA / Minister of Finance, Taif Sami, stressed the importance of activating the service and economic programs of the provincial councils and the necessity of their compatibility with the government program and its basic priorities.
The Ministry stated in a statement: “The Minister of Finance received today, Monday, at the Ministry’s headquarters, the Chairman of the Muthanna Governorate Council, Ahmed Mohsen Driul, and members of the new Council.”
Sami renewed her blessing for the Council to begin its new work and choose the local government, noting: “The Ministry is working to empower the service and executive departments of the governorates by providing their financial allocations allocated within the budget, to meet the ambitions of citizens, complete strategic projects in infrastructure, and move services to a level that the citizen can touch.” ./End 8 https://ninanews.com/Website/News/Details?key=1109883
"Among the largest Citibank in the U.S. has conducted a simulation in which blockchain was used to tokenize a private equity fund, which could pave the way for greater institutional adoption of blockchain."
This pilot program is still in process. Yet, the soon-to-be adoption of crypto regulation and stablecoin utility use will make this a viable choice in the near future.
ETFs, collateralized assets, and tokenized assets held in a custody wallet are beginning to find their way into the banking system.
The simulations of blockchain transactions have been tested and seen as seamless movements of digital money very similar to the way traditional banking transactions have taken place.
The difference is that tokenized assets are collateralized by precious metals moving our banking system into a real world asset types of transaction based on real values.
The head of the Alliance of National State Forces, Mr. Ammar Al-Hakim, welcomed the United States Ambassador to Baghdad, Elina Romansky, the resumption of the second round of bilateral negotiations to discuss the termination of the tasks of the international alliance and the transition to the bilateral relationship.
During the meeting, Mr. Al-Hakim confirmed, according to a statement from his office, a copy of which was received by {Euphrates News}, “the need to commit to seriousness during negotiation, and we renewed our support for the Sudanese government in managing the negotiations within the work of the Supreme Military Committee.”
He also stressed that “the war on Gaza is unjust and we called on it to stop it as soon as possible, and to introduce humanitarian aid to our Palestinian people.”
“The recent elections contributed to strengthening the democratic experience through the formation of local governments, and we expressed our hope for the success of the governors in their tasks and providing the service,” Mr. Al-Hakim noted.
He also expressed “his condemnation of destabilization attempts through resorting to violence and the use of weapons, and we expressed our support for the security services to carry out their duties in prosecuting the perpetrators of these unacceptable criminal acts.”
