Signing a strategic partnership contract with Kuwait to pass international communications traffic to Europe via Iraq, 8 APRIL

 Signing a strategic partnership contract with Kuwait to pass international communications traffic to Europe via Iraq

 The General Company for Communications and Informatics, one of the formations of the Ministry of Communications, signed a strategic contract, today, Sunday, to pass international communications traffic to Europe via Iraq via Turkey through temporary transit (transit) with the Kuwaiti “Zajel” company.

Minister of Communications, Hiam Al-Yasiri, said in a statement today that the signing of the contract comes to strengthen Iraq’s strategic position in the region and maximize financial revenues in implementation of the government program and the general federal budget law.

She indicated that this contract is the first of a number of contracts and projects for submarine and transit cables to pass communications traffic from the Gulf countries and the countries of South and West Asia to the continent of Europe through Iraqi sea and land ports, passing through Turkey.

Al-Yasiri added that this project and other similar projects that are currently under procedures will make Iraq a safe land corridor that competes with the only international sea corridor in the region that passes through the Suez Canal, and these projects will contribute to enhancing the security stability of the country due to the presence of commercial interests and joint work with the rest of the countries of the region and the world. In addition, it will fill an important part of the countries' growing need for large and large Internet capacities.

The minister indicated that the ministry will sign other similar contracts soon, including with Saudi Arabia to land a third submarine cable for Iraq in Al-Faw, in addition to the existence of initial approvals to connect the UAE to Al-Faw and to pass its capacity through Iraqi territory, and there are other measures with Oman and the Kingdom of Bahrain, as all the Arab Gulf states want By passing its missions through Iraq to Europe. link

"RV UPDATE" BY MILITIAMAN, 8 APRIL

  Militia Man  

 Article:  "The start of drawing liquidity from the hands or Iraqi's"  Iraq is getting money outside of the bank, into the bank...They've gotten off the street upwards of 8 trillion dinar.  That's a lot of dinar...Reducing the note count is the direction which is where they're headed...If you reduce the note count, purchasing power comes with it...

 They're going to pay salaries and they're going to start pumping oil.  They're going to have  to have some sort of value in those assets and what we believe is that we're looking for is a real effective exchange rate...  

 They are ready to resume exports at any time.   Why?  Because they have the systems in place.  Iraq's natural resources are phenomenal...these guys have so much natural resources it's not even funny.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-militiaman-7-april_0960603627.html

 They are ready to resume exports at any time.  Why?  Because they have the systems in place.  Iraq's natural resources are phenomenal...these guys have so much natural resources it's not even funny.

Sat. 30 March Militia Man: “Two parties have confirmed that Iraq is currently RVing in-country on  Sat. 30 March.”  Ginger: “We’re hearing that the revaluation of the rate is currently underway inside the border of Iraq.

 The Parliament committee has instructed Iraqi merchants and retailers to adjust their prices of goods and services to reflect the changes of their new rate for the Iraqi Dinar and effective Sat. 30 March.”

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-militiaman-5-april_01410702855.html

Iraqi Dinar | Chase Bank 235 ATM's/80 Service Centers In Erbil

"QFS CONVERSATIONS: ABOUT ZIM CURRENCY" WITH GOLDILOCKS, 8 APRIL

 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

"GIVE BACK 8.5% ON A 4 YEAR BOND NOTE ON A PROGRAM RATE OF 1320.. . NO WAY!!! BY FRANK26, 8 APRIL

 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

- 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.”

LINK

Iraqi Dinar🔥Al Sudani Surprising With Announcement On Eid Today 2024🔥ira...

A good investment.” What is the purpose of the Iraqi Central Bank to launch financial bonds with high annual interest?, 8 APRIL

A good investment.” What is the purpose of the Iraqi Central Bank to launch financial bonds with high annual interest?

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.”

https://economy-news.net/content.php?id=42238