The Association of Private Banks counts the percentage of shares traded on the stock market during a month , 10 MAY

  The Association of Private Banks counts the percentage of shares traded on the stock market during a month 

5/9/2024 Baghdad

The representative of the Iraqi Banks Association, Ali Tariq, confirmed today, Thursday, that the Iraqi stock market relies heavily on the banking sector, while he counted the value of banking shares traded during the month of last April.

Tariq said, during a dialogue session, on the twentieth anniversary of the founding of the Securities Commission, under the slogan (The Importance of the Financial Services Sector in Supporting the Iraqi Economy) and attended by the “Al-Iqtisad News” correspondent, that “the profitability of private sector companies is the first motivator for every investor, and the strength of the market and the growing movement Trading comes from companies' profitability and revenues."

He added, "The market relies heavily on the banking sector, which traded during last April 17.6 billion shares out of 21.6 billion shares in the entire market, which constitutes 81% of the total trading in the month." 

He explained that "the banking sector is considered the most important in the stock market," pointing out that "the citizen is able to use the mobile phone to trade and view share prices, and the need to focus on reaching the citizen at his home and workplace."

Tariq stated, “All private banks are listed in the Iraq Stock Exchange according to the instructions of the Central Bank of Iraq,” stressing that “preventing some banks from dealing in dollars directly affected the market and the prices of their contributions in the market.”LINK

"STATUS OF THE RV" BY MNT GOAT, 10 MAY

STATUS OF THE RV

Why is all the news so full of “WOW!” lately?

Just when you think it’s going to be a boring week, out pops yet more “WOW!” news. I want to ask everyone something today. Are you dancing yet over all this good news? Can you see just how close Iraq is to fulling Al-Sudani’s promise of making the dinar a proud national currency once again. Also remember too that he did say it “was” valued over a dollar already and not that it “would” be. When will we see tangible evidence of this promise?

In today’s news we have three main articles. Below I will try to explain the significance of each of them to you. NO! The RV has not yet happened and so as I keep having to reiterate to all you date and rate fans, this blog is not about a date and a rate. If you are looking for this kind of information then please go to the TNT super fantastic idiotic garbage conference call and you can get all the lies, frustration and roller coaster rides you want. However, if you want TRUTHFUL, HONESTY and a desire to follow the news that will lead us to a the ultimate timing of the reinstatement of the dinar back to FOREX, then you are on the right blog.

Remember as I have told you many times already, this journey is not about coming to the final stop on our choo choo ride as by then it’s over and we know it has to happen. Why lie about it? But instead it is all about the ride itself as this is the journey. Yes, the ride is the journey and it will lead us to the final destination not the other way around. The RV is going to happen as it has to happen and I don’t know why many worry about this fact so much. We can lie and pretend about the news but it won’t make any difference and bring the reinstatement any faster.  

So, before I get into explaining the significance of these three articles for today let me talk about my most recent conversation with my CBI contact on Saturday. Most of the talk was all about the parallel market again and the final push to stabilize it. This is related to two of these articles today. I was told this was the holdup for the start of the Project to Delete the Zeros and the formal education of the process, which was already supposed to begin in April. I was told that the committee has already released some educational materials on the future float and so we witnessed this information last week come out.  

If you want to recall my own perspective on this issue, remember that I did say that most likely nothing will happen until June or shortly thereafter. After reading the articles in today’s news you should be able to clearly understand why I have been saying this. Let’s all just sit and watch what happens. The progress Iraq is now making is at lighting speed under Al-Sudani and we can clearly see God’s Hand is at work, answering our prayers in this matter. It is strange how God works you can hardly ever figure it out until it happens. I encourage everyone to continue to listen to the modern-day prophets. By now you all should know the ones I trust as they have a proven record of honesty already. Do you have any to share? Many of the prophets are now talking about the end of Joe Biden before even November, in fact the death of him. Does God mean literal death or just political death? So, you see this is what I mean. However, to me either way would be just fine….. lol.. lol… The world would be much better off without people like him. He is not a creator but a destroyer. He brings only death, misery and destruction in everything he touches. Oh, isn’t this satanic?........BE CONTINUED

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Jon Dowling & Gregory Mannarino Discuss The Great Economic Collapse & Fi...

Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in Iraq, 10 MAY

 Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in Iraq

5/9/2024  Baghdad

Prime Minister Muhammad Shiaa Al-Sudani announced today, Thursday, the signing of a financing agreement with Japan to finance small and medium enterprises in Iraq.

This came in a speech conveyed by his media office on the sidelines of his visit to Babil Governorate and the inauguration of a number of projects there.

Al-Sudani pointed out, in his speech, that this development is a success story in the private sector, stressing the unlimited support from the government.

For the sake of more job opportunities, as it currently accommodates approximately 4,000 opportunities within the company’s activities, in addition to increasing production and providing its surplus in the future for export outside Iraq.

The Prime Minister called on businessmen and private sector companies to take advantage of the investment opportunities offered and the sovereign guarantees provided by the state through the three-year budget law.

Al-Sudani announced the signing of an agreement with Japan to finance small and medium enterprises, amounting to $300 million, which will contribute to revitalizing and establishing the national industry.  LINK

"RV UPDATE" BY FRANK26, 10 MAY

 Frank26

   Article:  "Iraq Discusses Financial and Technical Support with IMF, World Bank"  Do you realize who these two powerful entities are?  Do you realize what they want?  A new exchange rate and nothing else.  

Who's forcing this monetary reform to come out/this new exchange rate?  The citizens of Iraq?  Sudani the prime minister?  The US Treasury?  

They sure want a windfall don't they for the Federal reserves. The CBI?  You and I?  The answer is all of the above is forcing it. 

 That's what's wonderful about it.  We are all on the same page.  We are all in cahoots.  We all agree.  

  It's going to float.  It's just that there's no basket, that's all.

 I just don't see that it's going to be in a basket.  I think it'll be a fixed rate...What would it be?  

Well they want 1 to 1.  IMO maybe $1.50 to 1 or $1.30 to 1. 

 That's a fixed rate.  But that fixed rate is going to be put in the international markets - Forex.   Because of supply and demand, using, buying and trading with it, the value internationally is going to go up...The CBI seeks what's called a REER, Real Effective Exchange Rate.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-frank26-8-may.html

Iraqi Dinar Revaluation News Last 24 Hours | Iraqi Dinar News Today 2024...

Erbil receives the 27th branch of the International Development Bank , 10 MAY

  Erbil receives the 27th branch of the International Development Bank

5/9/2024

The International Development Bank announced on Tuesday the opening of its new branch in the city of Erbil in the Kurdistan Region, which is the twenty-seventh branch in the country. 

In his speech during the opening ceremony, the bank’s authorized director, Saad Faiq, said, “The opening of our new branch in Erbil reflects our commitment to providing innovative and advanced financial services that meet the needs of our customers,” noting that “this opening is part of our strategy to enhance the presence in vital areas and support development.” economic in Iraq.

Faeq praised what he called "the vital role played by the Central Bank of Iraq in supporting the bank's endeavors, which enables it to provide advanced financial solutions and enhance confidence between the bank and its customers."  

For his part, Director of the Marketing, Sales and Product Development Department, Wissam Al-Amri, said that this opening confirms the International Development Bank’s commitment to continuing innovation and development in the financial services sector, aiming to achieve excellence in performance and striving to fulfill the aspirations and needs of its customers everywhere.

The International Development Bank has the largest ATM network in Iraq, with 400 ATMs, 5,000 direct points of sale (POS) in all Iraqi governorates, and 7,000 POC outlets.

According to him, the bank has thus acquired a large market share in Iraq from the total commercial financing and comprehensive banking operations. 

He has significant and continuous contributions to supporting SMEs (medium, small and large companies), by financing a large number of huge projects in various economic sectors and granting loans and credit facilities. 

Its management says that the bank today has a wide network of correspondent banks around the world and in more than 20 countries, which supports commercial financing operations and foreign transfers for the bank’s customers.   LINK