Friday, July 12, 2024
"THE FITR PLATFORM BEING USED AFTER EID/RAMADAN TO CONTROL THE DOLLAR IN IRAQ" BY FRANK26, 12 JULY
KTFA
FRANK26: "THE FITR PLATFORM BEING USED AFTER EID/RAMADAN TO CONTROL THE DOLLAR IN IRAQ"..F26
Activity Transactions on the FITR Platform
July 10, 2024
TRANSLATION:
Republic of Iraq
Central Bank of Iraq
Directorate of Supervision of Non-Banking Financial Institutions
Exchange Companies Control
Section, Audit and Inspection Division
Issue: 2/22/22 Date: 7/10/2022
Exchange companies / categories (A, B) and
mediation companies in buying and selling foreign currencies, category C Activities transactions on the FITR platform /e
Kind regards....
Later, with our circulars numbered 20/3/33 and 35 dated 2/4 and 7/3/2024, and regarding your inquiries about the
possibility of uploading data after completing each of the company's activities.
We would like to inform you that your companies can register activity transactions, buying and selling foreign currency outside the window, internal money transfers sent and received, external money transfers sent and received, available to the exchange companies Finti A, B via the companies (Western Union, Money Gram) on the FITR platform above by uploading documents. The data is at the end of the working day, with the exception of dollar sales transactions to traveling citizens, which require real-time recording
with respect.
Mr. Dr. Ammar Hamad Khalaf
Deputy Governor Agency
7/10/2024
Ten questions to ask financial advisors BY GOLDILOCKS, 12 JULY
GOLDILOCKS
Ten questions to ask financial advisors
If you think exploring a relationship with a traditional financial advisor is the right move, be sure to ask these ten questions during the interview process.
1. Are you a fiduciary?
A fiduciary works in the best interest of the client. Non Fiduciaries, such as broker-dealers, need only to recommend products that are “suitable” — even if they're not the lowest-cost or most ideal for you.
» Dive deeper: What Is a Fiduciary, and Why Does It Matter?
(https://www.nerdwallet.com/article/investing/fiduciary)
2. How do you get paid?
Advisors can use a variety of fee structures. To keep it simple and avoid conflicts of interest, focus on fee-only advisors. They don’t get commissions for selling products.
"Make sure it’s fee-only — those particular words," says Alice Finn, founder of PowerHouse Assets and author of "Smart Women Love Money," a guide to investing. (Some of the questions here are from her book.)
Fee-only advisors might charge a percentage of the assets they manage for you (1% is common), a flat fee for services or an hourly fee. If cost is a concern, you may want to go with a low-fee robo-advisor (https://www.nerdwallet.com/blog/investing/best-robo-advisors/) or an online planning service like those mentioned above.
3. What are my all-in costs?
In addition to paying the advisor, you’ll face other fees — and you'll want to know what they are. Fees can decimate your savings over time. "You can lose half your net worth without even knowing it," Finn says. "You want to be vigilant."
4. What are your qualifications?
Financial professionals can have a confusing list of initials behind their names. And whether a finance professional goes by "investment advisor (https://www.nerdwallet.com/article/investing/investment-advisor)" or has the CFP designation, it's your job to vet them. The Financial Industry Regulatory Authority's professional designations database will tell you what they mean; if there are any education requirements; if anyone accredits the designation; whether there's a published list of disciplinary actions; and if you can check professional status. (https://brokercheck.finra.org/)
You can also use a Form ADV to check an advisor's record.
5. How will our relationship work?
Put another way: How much access will you have to the advisor? You want to know how often you’ll meet and whether they're available for phone calls or emails outside of scheduled appointments. (Learn more about what financial advisors do (https://www.nerdwallet.com/blog/investing/what-does-a-financial-advisor-do/) and what you can expect from the relationship.)
6. What is your investment philosophy?
It’s important to ensure you have the same investment philosophy. Here’s why: “You have to believe in what they’re doing to stick with it,” Finn says. “When financial advisors really do their job is when the market is down and they can convince you to stick to the same page,” she says, so you don’t sell at the bottom of a market cycle.
It's also important to make sure you and your advisor align on investment style. For example, if impact investing is important to you, you may want to ask whether or not your advisor will be able to help you create a portfolio that aligns with your values.
» Want to invest ethically? Learn about impact investing (https://www.nerdwallet.com/article/investing/impact-investing)
Also ask: Who are your typical clients? Find an advisor who is used to a situation like yours and able to help you meet your goals.
7. What asset allocation models will you use?
You’ve heard how important it is to be diversified, right? Your asset allocation is how you create a diversified portfolio. “It drives most of your returns,” Finn says.
“You don’t want someone who is just going to pick U.S. large-company stocks,” Finn says. Your portfolio should include domestic and international stocks, and small-, mid- and large-cap companies.
8. What investment benchmarks do you use?
Advisors should use benchmarks that directly relate to what they’re invested in, or be able to explain why they don’t.
Some managers will use a “straw-man benchmark,” Finn says. For example, the advisor says: “My goal is to beat the Standard & Poor's 500.” But if that advisor is investing in a diversified portfolio beyond simply large-cap U.S. companies, that benchmark is a mismatch. “Over time they should beat the S&P 500 because they’re taking on more risk,” Finn says.
9.Who is your custodian?
Ideally, your financial advisor has hired an independent custodian, such as a brokerage, to hold your investments, rather than act as his or her own custodian — Ã la Bernie Madoff, the notorious financial advisor who defrauded clients through a multibillion-dollar Ponzi scheme.
That provides an important safety check. “If I send my clients performance information … and it tells them how much I say is in their account, they can go online any minute and double-check,” Finn says.
10. What tax consequences do I face if I invest with you?
This helps ensure the advisor has your tax bill in mind when making financial decisions. And asking about taxes and fees is a way to explore what your estimated net return might be. “What you want to know is: What do you get to keep after fees and after taxes?”
By (https://www.nerdwallet.com/author/andrea-coombes) Andrea Coombes
Updated Dec 14, 2022
"ECONOMIC REFORM SUCCESS BECAUSE OF THE MONETARY REFORM SUCCESS!!!" BY FRANK26, 12 JULY
KTFA
FRANK26:"ECONOMIC REFORM SUCCESS BECAUSE OF THE MONETARY REFORM SUCCESS!!!"......F26
Customs revenues amount to nearly one trillion dinars in the first half of 2024
7/11/2024
Today, Thursday, the Director General of the General Authority of Customs, Hassan Al-Akeili, counted the value of customs’ financial revenues during the first half of this year, and while he expected them to reach 2 trillion dinars by the end of 2024, he touched on the ports of the Kurdistan Region.
Al-Akeili said in a televised interview followed by "Al-Eqtisad News", "The volume of the Customs Authority's revenues during the first half of this year reached 948.5 billion dinars."
He added, "Last year, customs recorded revenues worth 1.33 trillion dinars," noting that "the revenues may reach 2 trillion dinars by the end of this year."
Regarding the Kurdistan Region’s ports, the Director General of the Customs Authority explained that “some goods enter through the Kurdistan Region’s ports, the revenues of which go to the regional government at a large rate, and may even exceed the goods that enter through the federal ports.”
WHERE WE ARE NOW: "The package rate went up by $5 just in one day" BY BRUCE VIA GEM FINCH, 12 JULY
Let’s go back and see where we are from Tuesday we had information we were talking about clarity on the email going out to the RC Leaders and it ends up didn’t know when it was going out or received and it was received by two at 5pm in the afternoon today.
Which is great, so the next thing but we also had information about meetings going on and one was happening this evening up in Reno with principals that are deciding when to pay out the Bond Holders and Private Groups and platform trades and that was being decided today.
We also heard on the timing of this, from another source that everything would start Saturday night and culminate on Sunday the 14th what do they mean by culminate – not sure – but I know that the email that came out to the Leaders it was describing the fact that we would get our notifications either Saturday Sunday or Monday.
That was Tier 4 A & B.
Now – we also found out there is another meeting tomorrow in Reno at 10am that would determine, we don’t know how long it will go but when it it is over the releases for us and the rest of the shotgun start for Tier 4 which is for us - the Bond Holders and Privates and others are kind of on their own and could start tomorrow to Sunday but us we should be looking for notifications via email Saturday – Sunday or Monday and it’s a nice solid rate on the Dong and an increase on the package rate of the Dinar
- but the package rate went up by $5 just in one day – now pause –
certain people out on-line are suggesting you exchange at banks and made the comment you could get 30% of your total and 30 percent interest and that’s not True
– use for toll free number for the RC the RC rate on the Dinar is a contract rate and way higher than we all anticipated and you’ll be offered that if you are a US citizen
- so no reason to do the exchanges at the bank so long as you have that toll free number and a 35 minute exchange and you’ll get a new satellite phone when you exit
- they will count and verify your currency and you do a quick presentation and it’s going to be wonderful and they and we will be EXCITED.
So don’t fall for the scheme of going to the bank which will not be the same as the RC’s and they can see both rates and there are no comparisons now it might well be Saturday and maybe even an exchange appointment and all done by Tuesday and I this is really good for us.
Now Bruce has gone back to talking about Sue and that Bundle – so am sure that’s all the intel he has for us tonight – now of course all we need is for that to BE TRUE
- JUST THIS ONCE – it’s only going to take for them to do the right thing by everyone - JUST ONCE and this miraculous Heavenly Blessing will be received. Now for sure Bruce will be thanking Sue and Bob and GCK
- and Pastor Scott who still needs our prayers and also Jeannie and Larry. And without doubt praying out the call. Bruce ending now with saying that we are ALL Going together this weekend – and he’s excited. So please do join with Bruce in praying out the call with childlike faith. And please keep those heartfelt prayers being said until those notifications are finally received FULLY BY ALL OF US IN OUR EMAILS. It’s So Time and This Blessing is so now Urgently Needed
Love to you ALL Gem
IT HAS TRULY BEEN QUITE A HORRENDOUS WEEK - HENCE THE BREVITY OF THESE CLOSING WORDS FOR THIS BIG CALL NOTES AND UPDATE HOPEFULLY THOSE PSALMS WE LOOK TO FOR COMFORT AND GUIDANCE ALWAYS WILL HAVE SOMETHING TO LIFT OUR SPIRITS AND KEEP US STEADFASTLY ON TRACK TO THE END OF THIS GLORIOUS MYSTICAL HEAVENLY JOURNEY OUR FATHER CREATOR HAS PLANNED FOR ALL HUMANITY.
TIMOTHY 4:7
I have fought the good fight,
I have finished the race,
I have kept the faith.
CORINTHIANS 9:24
Do you not know that in a race all the runners run,
but only one received the prize?
So run that you may obtain it.
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...