Saturday, April 13, 2024
Bank of Baghdad joins KRG’s Financial Inclusion Initiative, 13 APRIL
Bank of Baghdad joins KRG’s Financial Inclusion Initiative
Following endorsement from the National Bank of Iraq (CBI), the KRG has declared that the Bank of Baghdad will join its ‘MyAccount’ monetary consideration drive.
In an explanation, the KRG said:
“Bank of Baghdad’s investment will assist with expanding banking items and administrations and speed up the rise of purchaser credit for individuals of the Kurdistan District. With one of the greatest branch networks in the nation, Bank of Baghdad has 6 branches in the Kurdistan Area.
“We anticipate that more banks should join in the not so distant future, giving our residents additional financial decisions and extending the monetary administrations area all the more by and large. The KRG’s solid organizations with every one of the partaking banks have prompted the kickoff of in excess of 200,000 ledgers for public area recipients.
“We stay on target to locally available all KRG recipients before the year’s over.”
"RV UPDATE:Why would they talk so much about the Kuwaiti dinar now?" BY MNT GOAT, 13 APRIL
MNT GOAT
..I want to bring up one more topic again today. This is the Kuwaiti dinar. I am not sure why, but this Kuwaiti dinar has been in the news so much lately and so here is yet another very interesting article.
Remember Dr. Shabibi told us that when Iraq does get reinstated its nominal rate will be no more than around 25% higher than the Kuwaiti dinar. Remember this is when the Iraqi dinar finally settles down to its nominal after the onslaught by the market once reinstated for trading. Does this mean the Kuwaiti dinar could also revalue? So what is the rate of the Kuwaiti dinar (KWD) today?
You can easily go check for yourself as it is now trading on FOREX. In an article today we read that and I quote – “the Kuwaiti dinar has maintained its position as the most expensive currency in the world for many years, and its exchange rate against the dollar is currently 1 to 3.25, while one Kuwaiti dinar is equal to 3.03 euros and 2.59 British pounds.”
My point is this in even bring up this article to you. Why would they talk so much about the Kuwaiti dinar now, and now of all times to talk about it I these last couple weeks? Is it about to have a change of rate too? Will the Iraqi dinar over run the long-standing Kuwaiti dinar in its position as the most expensive currency in the world? Is this about to happen? Just asking….what do you think?
You can go read the full article on the blog today in the Articles Section of the Newsletter. They give four (4) reasons why the Kuwaiti dinar is so strong today. Now I want you to compare these reasons to the assets that you already know that Iraq has. Do you think Iraq is far, far greater in wealth than Kuwait? Just asking…What do you think is about to happen soon?......
Al-Sudani: Iraq agreed to end the international coalition’s mission according to a timetable, 13 APRIL
Al-Sudani: Iraq agreed to end the international coalition’s mission according to a timetable
The President of the Military, Muhammad Shiaa Al-Sudani, affirmed Thursday, that the Preeminent Joint Military Council consented to end the global alliance’s main goal as per a schedule, taking note of that the Iraqi-American relationship is the way to steadiness in the Center East.
Al-Sudani said in an article in International concerns magazine, “The disposal of tyranny empowered the Iraqis to taste opportunity interestingly,” taking note of that “Iraqi-American relations have numerous shared characteristics.”
Al-Sudani added, “Collaboration among Iraq and America considered the reconstructing of the Iraqi armed force and successful security powers,” calling attention to that “the connection between the two gatherings needs to safeguard our essential organization.”
Al-Sudani expressed, “We support going into another period of productive participation that upholds Iraq’s sway and freedom,” noticing that “the Incomparable Joint Military Panel consented to end the global alliance’s main goal as per a schedule.”
The Top state leader noticed that “the Preeminent Military Board of trustees has fostered a guide for future relations,” taking note of that “the Iraqi-American relationship is the way in to the solidness of the Center East.”
The Top state leader proceeded, “The choice to make war and harmony should be a selective matter for the state,” taking note of that “main little ISIS bunches remain and they don’t represent a danger to the state.”
Al-Sudani made sense of, “The conflict against ISIS improved the experience of our powers to make them among the best armed forces in battling psychological oppression.”
"SILVER IS USED TO PROP UP THE BANKING SYSTEM" BY GOLDILOCKS, 13 APRIL
GOLDILOCKS
The demand for fossil fuel is waning as the demand for silver is beginning to rise. Solar power and electric vehicles will be the driving force on the price of silver going forward.
Silver is used to prop up the banking system, and we now have silver shorts taking place that will begin to eat up its profits on this monetary metal.
The transition into renewable energy has began. Many energy reforms have been in process these last few years with oil and solar power.
Look for a bull run in the commodity sector of our Market to begin moving our economy forward at any moment. Some would say that it has already began, but you have not seen anything yet.
© Goldilocks
https://m.economictimes.com/news/et-evoke/jim-skea-with-demand-changing-peak-oil-can-happen-soon-some-indian-steel-and-cement-companies-are-leading-the-field-in-reducing-emissions/articleshow/109225478.cms
https://www.fxstreet.com/analysis/silver-primed-for-surge-as-renewable-energy-and-electric-vehicles-drive-demand-202404112001
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