"KTFA FAMILY... FOR YOUR EDUCATION" BY FRANK26, 10 MARCH

 KTFA

FRANK26: "KTFA FAMILY... FOR YOUR EDUCATION".F26

The Interbank Market: What It Is and How It Works

By 

ADAM HAYES

 

 

Learn about our editorial policies 

 

Updated December 23, 2023

Reviewed by 

THOMAS J. CATALANO

Fact checked by 

KATRINA MUNICHIELLO

 

 
SNIPPET OF ARTICLE:

 

What Is the Interbank Market?

The interbank market is a global network used by financial institutions to trade currencies and other currency derivatives directly between themselves. Some interbank trading is done by banks on behalf of large customers, but most interbank trading is proprietary. It takes place on behalf of the banks' own accounts.

 

Banks around the world use the interbank market to manage their own exchange rate and interest rate risk as well as to take speculative positions based on research. The interbank market is a subset of the interdealer market, an over-the-counter (OTC) venue where financial institutions can trade a variety of asset classes among one another and on behalf of their clients. This is often facilitated by interdealer brokers (IDBs).

 

KEY TAKEAWAYS

• The interbank market is a global network used by financial institutions to trade currencies and other currency derivatives directly between themselves.
• Banks use the interbank market to manage their own exchange rate and interest rate risk.
• They can also use the market to take speculative positions based on research.
• Most transactions within the interbank network are for a short duration, anywhere from overnight to six months.

Understanding the Interbank Market

The interbank market for foreign exchange (forex) serves commercial turnover of currency investments as well as a large amount of speculative, short-term currency trading. The typical maturity term for transactions in the interbank market is overnight or six months.

 

The forex interdealer market is characterized by large transaction sizes and tight bid-ask spreads. Currency transactions in the interbank market can be either speculative (initiated with the sole intention of profiting from a currency move) or for the purposes of hedging currency exposure. It may also be proprietary but it's customer-driven to a lesser extent by an institution's corporate clients. These might include exporters and importers.

https://www.investopedia.com/t.....market.asp

Head of the Media Commission discusses with the World Bank the information technology strategy in Iraq, 10 MARCH

  Head of the Media Commission discusses with the World Bank the information technology strategy in Iraq

The head of the Media and Communications Commission, Ali Al-Muayyad, discussed, today, Friday, the information technology strategy in Iraq with the Central Bank.

A statement by the authority stated, “The Chairman of the Media and Communications Authority, Ali Al-Muayyad, discussed with a high-ranking delegation of World Bank experts the communications and information technology strategy in Iraq and the support that the bank can provide in this field, as well as the efforts that Iraq is making to accelerate the pace of digital transformation and spread digitization in the joints.” Various government initiatives, which came on the sidelines of the 2024 World Bank Digital Summit in Washington.

He pointed out that "the World Bank Digital Summit 2024, held in Washington, hosts senior officials and ministers in governments and the private sector, with the aim of exploring opportunities, accelerating the pace of digital transformation, and reviewing the reality of development in countries of the world, as well as revealing the latest technologies and scientific visions in the field of innovation, communication, and digital transformation."  link

"RV UPDATE" BY FRANK26, 10 MARCH

 Frank26 

 IMO They've already deleted the three zeros from the exchange rate.  IMO that exchange rate came from the RV phase of the monetary reform that was accepted in Washington DC and all these other banks.  That's why Sudani has thousands and thousands of contracts all waiting for the new exchange rate.

 A lot of you are asking me, 'Do you think they'll do this new exchange rate during Ramadan?'  

I would prefer before or after Ramadan, not during.  Ramadan is a holy time.  You don't go around celebrating that you go purchasing power.  No.  You go around worshiping and honoring God.

 Article:  "Dinar and dollar" 

 Quote:  "In a televised interview with the Iraqi President, Engineer Muhammad Shiaa Al-Sudani, he uttered a very important phrase (keep the dinar). Today, through my humble vision, I bear witness that the Iraqi dinar will return to its lofty economic value”  Holy CaCa!   I have to tell you, if a middle easterner ever says to you...I bear witness...it's like swearing on your mother's grave.  It's a promising that can't be broken.  It is a gift that is given...I believe this article is unbelievable... 

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-frank26-9-march.html

🔥 Iraqi Dinar 🔥 BREAKING: That Will Amaze You! IQD Exchange Rate Possibi...

"BANK STORY VIA SIMPLY LINN: " ADVISE NOT EXCHANGING IN YOUR TOWN" BY MARKZ, 10 MARCH

  MarkZ  

 Bank Story via Simply Linn: 

 In a nutshell - a guy goes to a chase bank and they know nothing…. He goes to another and sits down with a personal banker who asked him what assets he had… and the guy says he has foreign currency…dinar and dong…they bring in a wealth manager… 

Whose eyes light up and the wealth manager shared some serious details about exchanging and the QFS...

they suggested to him to exchange out of his area for anonymity and security and to avoid local tellers talking about his exchange.

I thought this was brilliant and I plan on doing that as well. Not exchanging in my town. 

Anonymity is a good thing to have. He also mentioned our funds go into special accounts...When the man asked if it was the QFS - the lady smiled and nodded and said it was account that no one else can see it…even tellers will not be able to see it.  

Very safe. ...they also said they do now know “when” but know it’s coming soon and they have been preparing for it and equipped to exchange it right in front of your eyes…and there will be armed guards while you do the exchange. This was a fantastic bank story.

A leader in Al-Fatah identifies the reasons for the continued American presence in Iraq, 10 MARCH

 A leader in Al-Fatah identifies the reasons for the continued American presence in Iraq

The leader of the Al-Fatah Alliance, Aed Al-Hilali, today, Saturday, identified the reasons for the continued American presence in Iraq, while stressing the importance of Washington’s commitment to its agreements with Iraq.

Al-Hilali told Al-Maalouma, “The American presence in Iraq is due to, among other things, Washington’s fear for its interests in the region,” expressing its conviction that “it will not abide by any commitment with the Iraqi government.”

He added, "The other issue revolves around the absence of unity in the discourse of the components in Iraq, which Washington is investing in to a very large extent."

Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, confirmed earlier that Parliament intends to legislate the law ending the American presence in the coming weeks. ink

"IMPORTANT IRAQ NEWS: "Integrity announces the recovery of $1.5 million, one billion dinars, and gold coins" BY CLARE, 9 MARCH

CLARE 

Integrity announces the recovery of $1.5 million, one billion dinars, and gold coins

3/9/2024

Today, Saturday, the head of the Federal Integrity Commission, Haider Hanoun, announced the recovery of more than 1.5 million dollars and about one billion Iraqi dinars and gold coins, while revealing a draft agreement to coordinate work with the Integrity Commission in the Kurdistan region.

 

Hanoun said, in a statement followed by Al-Iqtisad News, that “the authority recovered some amounts in cash, some of them were prevented from being wasted, and others are in the process of being recovered,” pointing out that “some amounts are in Iraqi currency, and others are in dollars.”

 

He added, "During our annual conference tomorrow, Sunday, we will display a recovered amount of more than one and a half million US dollars, as well as amounts in Iraqi currency of up to one billion dinars, and other amounts, in addition to gold coins."

 

He pointed out that "the Integrity Commission coordinates work with the Kurdistan Region Integrity Commission, and there is a draft agreement to coordinate joint work, and Integrity as a federal body supervises all governorates," stressing that "the financial disclosure of officials includes all Iraqi officials and employees."

 

Hanoun called on the Integrity Commission in the Kurdistan Region to “assist with arrest warrants and financial disclosures for officials, so that the Federal Authority can audit them like all officials,” stressing that “everyone is subject to the law.”

LINK