GOLDILOCKS
This article reflects more about Zimbabwe currency than the Zim Bonds my friends.
It is good that they have changed their monetary policy to a backing in gold.
This will stabilize their currency and create new monetary policies for those who exchange with them over time.
© Goldilocks
https://bbc.com/news/world-africa-68736155
KTFA
FRANK26:"GIVE BACK 8.5% ON A 4 YEAR BOND NOTE ON A PROGRAM RATE
OF 1320..
. NO WAY!!!"........F26
"A good investment"... What is the goal of the Iraqi Central Bank in issuing financial bonds with high annual interest?
4/6/2024
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.”
Economy News – Baghdad
With inflation rates in Iraq currently reaching 5.5%, and expectations of reaching 6% during 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 deposits in the private banking sector.
According to economist Manar Al-Obeidi, in a post on his Facebook page, the goal of these bonds is to attract and encourage capital outside the banking system through high benefits to enter the banking sector, adding that the annual interest rate announced by the central bank is encouraging for the investor and depositors, for its high content, which is a good return on investment compared to its lack of seriousness.
Al-Obeidi stressed that these bonds are guaranteed by sovereign guarantees for a country that currently has sufficient reserves of money and therefore the risk ratio of these bonds is zero and non-existent, and are purchased through the Iraq Stock Exchange and through market brokers.
Al-Obeidi encouraged buying these bonds and selling them in the future at a higher price, meaning that the investment is not only in the deposit interest but also at the same bond price.
In his publication, Al-Obeidi touched on “the deposit of funds in the private banking sector, explaining that there are 4 to 5 private banks that have the largest share of the market and its financial data, and are considered very excellent and achieve great control in the Iraq market. The decision to choose the bank to place deposits depends on the annual interest rate, the way to benefit from the interest, how to break the deposit, as well as the bank’s financial data and the amount of its presence and spread in Iraq.”
Al-Obeidi concluded his publication by “emphasizing that the success of investment depends on two factors, the first is the amount of profit, the second is the amount of risk, and the owner of the money alone can decide how much is to take in exchange for the profit ratio, stressing that investing in bonds and deposits is a good solution for those who do not want to intervene in the field of investment and its challenges.”
Sandy Ingram
The real effective exchange rate (REER) is a measure of the relative strength of a country's currency in relation to an index or basket of other major currencies. The REER is used to judge whether the country's currency is undervalued or overvalued or, ideally, fairly valued...
Nominal Effective Exchange Rate (NEER)... It is an index of the weighted average of bilateral exchange rates of home currency with respect to a basket of currencies of trading partners. An increase in NEER indicates an appreciation of the local currency against the weighted basket of currencies of its trading partners.
Iraq's top five export trading partners are India, with $38.8 billion, China with $34 billion, the United States with $10.3 billion, South Korea with 8.21 billion, and Greece with $6.27 billion. Based on Iraq's export partners the Iraqi dinar definitely could be worth more. However everything is speculative until the US and Iraq give the green light to float, revalue, reinstate or increase the value of the Iraqi dinar...This could happen overnight but it is unlikely.
KTFA
FRANK26:"PM SUDANI'S TRIP TO WASHINGTON IS PRIMARILY ON THIS SUBJECT!!!".........F26
Advisor to the Association of Banks: The success of the banking file negotiations in Washington contributes to protecting the Iraqi banking system from collapse (THE MONETARY REFORM SUCCESS BY THE CBI PREVENTS ANY COLLAPSE!!! -F26)
Advisor to the Iraqi Private Banks Association, Samir Al-Nusairi
4/6/2024
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.”
