features Inspirational Instruction for heart-centered humanitarians,😇 ✨ A Clear Look at Where We're At - with markers to come, ✨ Gintel - Camping News, RV There Yet - facts you can sink your teeth into...✨
Q & A to follow, brilliant questions asked by GLL family. 😇 Ginger speaks for and represents the Celestial Alliance and is aligned with the Military Alliance. 🫡
❣️ ➡️ Part 12 Teaching Call https://t.me/c/1553385444/54940
❣️ ➡️ Part 12 Q & A https://t.me/c/1553385444/54941
Iraq is “crowded” with all kinds of holidays: Businesses are halted and employees “are not compensated” for official working hours
Hardly a week goes by in Iraq without one of its days being a holiday, paralyzing Iraqis and making some of them “happy” and others “grumpy,” especially with the cessation of work in official departments.
According to the reading of specialists and researchers, Iraq is the country that witnesses the most disruption in official working hours. If the federal government does not declare a holiday, it authorizes the governorates and districts to make the day they want an official holiday.
The official holidays in Iraq for the year 2024 are as follows:
January 1, New Year's Day
January 6, Iraqi Army Day
April 10th for three days, Eid al-Fitr
May 1, Labor Day
June 16-20, Eid al-Adha
June 26, Eid al-Ghadir
According to expectations, the Islamic New Year will fall on July 7.
July 14, Revolution 14 (public holiday)
According to expectations, July 16 will be the tenth of Muharram (an official holiday), and the birth of the Prophet Muhammad will be on September 15.
October 3, Iraqi National Day
December 10, Iraqi Victory Day.
All of these holidays are official, and are specified by an official law voted on by Parliament on May 22, 2024, for Iraqis to enjoy, excluding the weekend, which is designated as (Friday and Saturday).
Earlier, economic expert Nabil Al-Marsoumi said:
*Year = 48 weeks
*Total official holidays per year (Friday and Saturday) = 96 days
*Total official occasions in the year = 22 days
*Total number of official holidays per year = 118 days.
According to Al-Marshoumi, these holidays “are added to religious occasions and emergency holidays such as rain and high temperatures announced by the central government and local governments, which are estimated at about 22 days a year, the highest in the world, while there are 8 official holidays in England and Wales, which is considered one of the fewest number of holidays in the world.”
He continued: “The total number of official and unofficial holidays is 140 days, and the total number of annual working days is 225 days,” noting that “the total number of employees’ salaries, including self-financing and contracts, is 70 trillion dinars.”
Al-Marsoumi pointed out that “the average daily salary is 192 billion dinars, which represents the daily loss from the disruption of work, while the total financial losses from unofficial holidays, except for Friday and Saturday, may amount to 4.224 trillion dinars, and the total financial losses from official and unofficial holidays, except for Friday and Saturday, amount to 8.448 trillion dinars.”
Most Iraqi cities and districts contain shrines for the masters and infallibles, and if the anniversary of one of their martyrdoms falls, the governorate declares an official holiday that includes all its departments, or it is designated in a specific district or district, as happened with the Babylon Governorate Council.
The council said in a statement today, Wednesday, that it had “voted to suspend official work in Al-Hamza Al-Gharbi only for tomorrow, Thursday, on the occasion of the martyrdom of the grandson of Al-Abbas, peace be upon him.”
Unlike Al-Marsoumi, economic expert Dhurgham Muhammad Ali does not see any losses incurred by Iraq due to official holidays, while he pointed out the existence of “benefits.”
Ali said in an interview with “Eshan”: “Official holidays in Iraq do not constitute major losses for government departments because most government departments are service-oriented, not productive.”
He explained that “the increase in official holidays leads to a reduction in electricity consumption, traffic congestion and fuel. On the other hand, there are no major economic losses resulting from the holiday because the departments are only service departments, and most of the departments that are in contact with citizens’ lives, such as health, emergency services and others, continue their work.”
He pointed out that "the economic losses come only from the fact that the number of working hours for employees is less for the same salaries, and this is not considered a direct loss." link
💢 Exciting update posted by Mike Bara on July 4, 2024
💢Mike Bara: UPDATE
Exchanges are taking place at major banks with branch managers and wealth managers. Dinar, Dong and Rupiah are being exchanged. Zim and Bolivar can only be exchanged at Redemption centers. The rates on Dinar are $2.93 as of today, $2.21 on Dong. No rate on Rupiah.
Exchange has taken place, and 10% of monies are spendable today. Currencies were set up in separate accounts. New debit card issued for new funds. No NDA. Recipient will return in "72 hours" (Monday) to finish the process. This implies rates will be public when Forex goes live or shortly thereafter. Also implies funds released on Monday will be gold backed. We are very, very close.
💢 FOR THOSE OF YOU WHO LISTENED TO GINGER'S CHRONICLES OF AN AMBASSADOR PART 12, this will make some sense to you. This fits with her Gintel 😉😁🥳
FRANK26: "THE MONETARY REFORM 'BONDS' THE VALUE OF THE MONETARY REFORM....F26
Securities Commission: The government has successfully completed the sale of financial bonds
7/3/2024
Baghdad
The Securities Commission confirmed on Wednesday that the government had successfully completed the sale of financial bonds, while indicating that many foreign investors had purchased those bonds.
The head of the authority, Faisal Al-Haimus, said: “The government has successfully completed the sale of financial bonds,” indicating that “all financial bonds that were sold were subscribed to, and this reflects the strength and stability of the State of Iraq.”
He pointed out that "there are many foreign investors who bought financial bonds, and this reflects the stability of the Iraqi state."
Government bonds are a type of debt-based investment where you lend money to a government in exchange for an agreed-upon interest rate. Governments use them to raise money that can be spent on infrastructure or new projects, and investors can use them to earn set returns that are paid at regular intervals.
No guarantees but the latest from the banker is the skuttlebutt from above him is certain bond groups will be notified over this weekend and should that occur the currency notices will go out next Tuesday or Wednesday with appointment scheduling afterwards with exchanging beginning the week of the 15th of July.
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TEXAS SNAKE
Well one item that was confirmed during the call is that there were hundreds of ATM machines positioned all over the city and loaded with new lower denomination notes. They anticipate this weekend or during the Holy Week celebration.
Well folks there appears to be some degree of validity to this as I just heard from the UK banker putting me on alert.
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Sat. 29 June 2024 Texas Snake
“I have nothing to confirm the hour we will be notified about appointments to exchange or the dollar value of same, I do know the banker has had his staff on a one hour call to report to their assigned locations once the release has become authorized for the past three days, and that the rate in country was published in the Gazette today Sat. 29 June 2024. So folks we are extremely close. GOD Bless.”
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TEXAS SNAKE
As most know our Saturday is Iraq's Sunday. The new Budget was included in the latest Gazette but the rate was not given. I now have it from 3 different sources that Iraq is planning a nationwide celebration for this Sunday.
There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM's with the new currency will be opened. So this is my hoped for announcement for tomorrow. GOD Bless.....
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Just an FYI but I closed the room after the comments about Gurus and MarkZ, this room is for my connections with major international bankers and NYSE upper management as well as a WF banker involved with actual exchange centers his bank has prepared to do actual monetary exchanges of currencies.
I plan on advising once the exchange platform is about to begin so we will have an advance alert.