Question "I lost my receipt, is that going to be a problem?"
Yeah that's a problem when you get audited but that's the only time it's a problem.
When you get audited they're gong to ask you when did you buy that and if you've held your dinar for one year and have proof of a receipt you'll probably be in the 20% but if you have held it for one year and you don't have a receipt you'll probably be in the 40%.
I'd rather pay $200,000 on a million than $400,000.
You lost your receipt? Call the person you bought it from to see if their records have it...Did you write a check? Got to your bank and ask...please look up my check statement on this date on this month on that year...
The exchange rate is in the budget to be voted on by parliament. But the budget is waiting for the new exchange rate. The budget is not waiting for any vote on parliament.
You know how close you are to this? If you're not as close to being prepared, good luck.
Sudani said to his citizens, ' Before the end of Ramadan, before the start of EID it is my desire to make a major announcement.' Ramadan comes to an end on the 8th of April. On the 9th EID starts. From the 9th to the 11th we have an amazing window to study and to see what happens with our investment because on the 15th Sudani will go to Washington DC to see the president of the Untied States.
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
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.
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 onSat. 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.”
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.”