Sunday, April 7, 2024
"A Good Investment"... What Is The Goal Of The Iraqi Central Bank In Issuing Financial Bonds With High Annual Interest?, 7 APRIL
"A Good Investment"... What Is The Goal Of The Iraqi Central Bank In Issuing Financial Bonds With High Annual Interest?
Economy News – Baghdad With inflation rates in Iraq currently reaching 5.5%, and expectations that it will reach 6% by the end of the year, the Central Bank announced the launch of financial bonds with the highest annual interest, at 8.5%, as well as for deposits in the private banking sector.
According to economic expert Manar Al-Obaidi, in a post on his page on the Facebook platform, the aim of these bonds is to attract and encourage capital outside the banking system through high interest rates to enter the banking sector, adding that the annual interest rate announced by the Central Bank is encouraging to the investor and depositors, due to its high content. , which is considered a good return on investment compared to its lack of risk.
Al-Obaidi stressed that these bonds are guaranteed by sovereign guarantees of a country that currently has sufficient money reserves, and therefore the risk rate of these bonds is zero and non-existent, and they are purchased through the Iraq Stock Exchange and through market intermediaries.
Al-Obeidi encouraged buying these bonds and selling them in the future at a higher price, meaning that the investment should not only be in the deposit interest but also in the price of the bond itself.
In his publication, Al-Obaidi touched on “depositing money in the private banking sector,” explaining that there are 4 to 5 private banks that own the largest share of the market and their financial data, and are considered very excellent and achieve great control in the Iraqi market.
The decision to choose the bank to place deposits depends on the annual interest rate and method. Benefiting from the interest, how to break the deposit, as well as the financial statements of the bank and the extent of its presence and spread in Iraq.
Al-Obaidi concluded his post by “emphasizing that the success of investment depends on two factors: the first is the amount of profit, and the second is the amount of risk, and only the owner of the money can decide the amount of risk to be taken in exchange for the profit rate,” stressing that investing in bonds and deposits is a good solution for those who do not He wants to intervene in the field of investment and its challenges.” 4/06/2024 - https://economy-news.net/content.php?id=42238
"RV UPDATE" BY FREEDOM FIGHTER, 7 APRIL
"RV UPDATE" BY FREEDOM FIGHTER, 24 MARXH
Freedom Fighter ©
🇮🇶 Iraq PM to meet with Joe Biden at the White House on April 15th
🟢Talking about US troop removal
🟢Financial reforms
🟢Modernization
🟢Strengthening US/IRAQ relationship
⚠️STAY GROUNDED it’s a process
https://abcnews.go.com/amp/US/wireStory/biden-host-iraqi-leader-talks-underway-winding-coalition-108399491
"IRAQ & ITS ACCESSION TO THE WTO" BY FREEDOM FIGHTER, 6 MARCH
FREEDOM FIGHTER
🇮🇶 Iraq is still in negotiations to gain full accession to the WTO
🇮🇶Minister of Trade says accession is imminent
https://shafaq.com/en/Economy/Official-Iraq-s-accession-to-the-World-Trade-Organization-is-imminent
"WE ARE EXCHANGING IQD/USD NOT USD/IQD" BY FREEDOM FIGHTER REPOSTED BY GOLDILOCKS, 5 MARCH
Freedom Fighter ©
A currency pair is the quoting of 2 different currencies, with the currency on the left of the slash
( / ) being exchanged FOR the currency on the right of the slash ( / )
Our exchange will be IQD/USD
AKA we are exchanging
✅DINAR for USD (IQD/USD)
NOT ❌USD for DINAR
(USD / IQD )...
https://dinarevaluation.blogspot.com/2024/03/we-are-exchanging-iqdusd-not-usdiqd-by.html
"RV UPDATE & BANK STORY" BY GINGER, 7 APRIL
"RV UPDATE & BANK STORY" BY GINGER, 5 APRIL
Thurs. 4 April Ginger
"GINGER BANK STORY" , 17 MARCH
Ginger Q & A:
Ginger: “Recent rumors that Asia & South America paymasters got the green light for liquidity on Tues. 3 March.”
Member: “This is great news! Is it only for people in Asia, Colombia/Brazil that got the green light? What about people that have historical bond on T3 in Switzerland? Should they also get the green go light?”
Ginger: “Please think of this Event like a “human Wave” at a football game. It’s gotta start somewhere…but it’ll get to you and me as we watch it move across the entire stadium – a Global Event which reaches everyone.”
SOURCE: DINARCHRONICLES
Advisor To The Association Of Banks: The Success Of The Banking File Negotiations In Washington Contributes To Protecting The Iraqi Banking System From Collapse, 7 April
Advisor To The Association Of Banks: The Success Of The Banking File Negotiations In Washington Contributes To Protecting The Iraqi Banking System From Collapse
Advisor to the Iraqi Private Banks Association, Samir Al-Nusairi
Economy News – Baghdad Advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, expected, on Saturday, that the success of the US restrictions negotiations file on 28 private banks with the US Treasury in Washington will contribute to protecting the Iraqi banking system from damage and collapse.
Al-Nusairi said in an interview with Al-Iqtisad News, “We are only a few days away from the expected meeting of the Prime Minister with the American President and the American administration, which makes it very important, in this critical and complex stage that the banking system is going through, that the agenda includes meetings and negotiations with the leaders of the American administration.”
The Treasury Department and the US Federal Reserve call for determining the next and clear paths for bilateral economic relations between the two countries, which have broad relations in all fields.”
He explained, "One of the important files that will be included in the discussions, with the participation of the Central Bank and the Iraqi Private Banks Association, is the issue of financial and banking reform and protecting the Iraqi banking sector from collapse after the issuance of sanctions and restrictions by depriving 50% of the total private banking sector from dealing in the US dollar, which is the main foreign currency for banking and commercial transactions." In Iraq and international banking relations a long time ago.”
He pointed out that "the inputs and outputs of this important visit must convince the American side to reconsider the sanctions and restrictions imposed, especially since all the affected banks are currently subject to audit by K2 International, and this confirms the good faith of the banks that the reasons for the deprivation of dealing in the US dollar were not serious and intentional mistakes." .
He continued, "The importance of restoring activity and protecting the private banking system and ensuring the results of its work comes through the electronic platform for the year 2023, which has confirmed its safety and transparency."
Al-Nusairi concluded his speech by saying, “Failure to reach quick solutions to this issue will lead to confusion in the commercial and banking market and will affect ration card supplies, which are the primary food source for a large segment of the Iraqi people, and weaken the plans and procedures of the Central Bank and the government in financial and banking reform, and the lack of control over the stability of the exchange rate of the Iraqi dinar.” And the national economy was damaged.”
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