DINAR REVALUATION

Saturday, June 8, 2024

A "Strategic Partnership" Between The Kurdistan Government And The International Development Bank, 8 JUNE

A "Strategic Partnership" Between The Kurdistan Government And The International Development Bank

Time: 06/07/2024 13:59:06 Read: 1,196 times {Economic: Al-Furat News} The International Development Bank signed a partnership contract with the Kurdistan Regional Government to implement the “My Account” project, which aims to localize the salaries of regional government employees.

This important step came in conjunction with the bank’s efforts to expand in the region, as part of its strategic plan that aims to enhance its business and increase the number of its branches in the region, which currently number 3 branches.

This partnership is a major achievement within the framework of efforts aimed at spreading and strengthening the culture of electronic payment and achieving financial inclusion, in implementation of the directives of the Central Bank of Iraq.

The International Development Bank aims to continue its efforts in the field of disseminating electronic payment methods in the region, by activating more ATMs and the bank’s POS points of sale. The bank also intends to open its fourth branch in the region during the current year.

Aziz Ahmed - Deputy Director of the Office of the Prime Minister of the Kurdistan Regional Government praised the efforts of the International Development Bank and its contribution to developing the financial system of the region, by providing various facilities and financial services that contribute to achieving this purpose.

For his part, Ziad Khalaf, Chairman of the Board of Directors of the International Development Bank, stressed the importance of signing this partnership with the Kurdistan Regional Government to localize the salaries of regional government employees and provide all the facilities that contribute to achieving this goal smoothly and with great flexibility. LINK

"QFS CONVERSATIONS" WITH GOLDILOCKS, 8 JUNE

GOLDILOCKS

Family Office Update: Exchange Act Form 13F – New Requirements Effective July 1, 2024

In a nutshell, Section 13(f) requires any “institutional investment manager” that exercises investment discretion over the accounts of any other person holding “section 13(f) securities”3 with an aggregate fair market value of at least US$100 million to make certain periodic filings with the Securities and Exchange Commission (SEC) on Form 13F. Section 13(f) applies to all “institutional investment managers,” regardless of whether they are registered as investment advisers under the Advisers Act.

Therefore, a family office, even if it is not required to register under the Advisers Act, may nevertheless be an “institutional investment manager” for purposes of Section 13(f), and therefore be required to make filings on Form 13F.

Reporting obligation that will become effective on July 1, 2024. Each Form 13F filer will now be required to make an annual filing on Form N-PX to disclose its votes on any pay-related proposals presented to stockholders by the public companies in its investment portfolio.

Although Form 13F only requires reporting in respect of “section 13(f) securities” (as identified on the SEC’s quarterly Form 13F List), Form N-PX reporting is not limited to securities on that list, but it applies to pay-related votes cast on all securities registered under Section 12 of the Exchange Act.

Family offices that are required to file Form 13F will need to develop procedures to identify and keep a record of any pay-related proposals that are presented at their portfolio companies’ stockholder meetings – and how they cast their votes – so that they will be able to make accurate and timely filings of Form N-PX, which must be made annually by August 31 of each year, covering the filer’s say-on-pay voting record 9+ for the 12-month period ended June 30.

Form N-PX filings will be available to the public through the SEC’s website. Squire Patton Boggs SEC

Jon Dowling & Derek Johnson Discuss The Latest Updates With Trump & Fina...

An Economic Expert For Nina: Reducing The External Debt To 9 Billion Dollars And Reducing The Budget Deficit Will Be The Beginning Of Broader Economic Activities In Iraq., 8 JUNE

An Economic Expert For Nina: Reducing The External Debt To 9 Billion Dollars And Reducing The Budget Deficit Will Be The Beginning Of Broader Economic Activities In Iraq.

Friday 07, June 2024 14:11 | Economical Number of readings: 377 Baghdad / NINA / Economic affairs expert, Raad Tawij, confirmed that the actions and achievements of the Prime Minister give flexibility to the Iraqi economy, indicating that reducing the external debt to 9 billion dollars and reducing the budget deficit to 63 billion dollars will be the beginning of broader economic activities.

Tawij said in a statement to the National Iraqi News Agency ( NINA ): “The role of the Prime Minister and his work in developing infrastructure, roads and bridges, health projects, productive diplomatic relations, and his interests in communicating with different social segments, give great scope and flexibility for the Iraqi economy to move to greater extents.

He stressed . “Reducing the external debt to the lowest possible amount, approximately 9 billion dollars, and reducing the budget deficit to 63 billion dollars will be the beginning of broader economic activities, the most important of which is the road to development.”/ https://ninanews.com/Website/News/Details?Key=1131180

"RV UPDATE" BY TEXAS SNAKE, 8 JUNE

TEXAS SNAKE

Waiting on a call so hopefully will have something soon

It was exoressed that several bond holder paymasters had been called to Reno however there is no confirmation of this thus far. Will open for a short time should anyone have some additional info.

---

JUNE 6

Texas Snake, [06/03/2024, 10:32:59 p. m.]:

Well it's about 0530 AM in country and the info I am receiving is that the new rates will appear either when the banks open today or they will wait for the FOREX opening on Wednesday to be able to publish the new rate in the Gazette Paper. Wish I had better intel but most of the UK is asleep now.

Not much reason to open as this is all I have at this time...

------

Well folks the information I have rec'ed today indicates a number of the large bondholder paymasters have been invited to Reno to begin exchanging their bond portfolios over the next 24 to 48 hour window.

We are then scheduled to begin receiving notification to begin scheduling appointments.

I have this info from 3 sources and am waiting confirmation from the banker, hopefully tonight or early AM. Will open for a short time so any members who have any news can share.

Thanks for all the members joining us and GOD Bless.

----

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-texas-snake-6-june.html