An Iraqi bank announced today, Tuesday, an investment deposit account with financial returns of up to 10% annually, paid monthly.
The International Development Bank said that it “continues to open deposit accounts according to customers’ requirements in terms of the duration of the link,” indicating that “these accounts provide financial returns of up to 10% annually and are paid monthly from the value of the deposit, in addition to entering the monthly draw, which includes valuable cash prizes.”
He added, “The owner of the investment deposit receives free life insurance and facilities when wishing to obtain a loan guaranteed by the deposit, as well as a credit card provided free of charge to the account holder.”
The statement concluded by stressing that “the funds will be invested to serve the country and will be guaranteed by the Iraqi Deposit Insurance Company, which is licensed by the Central Bank of Iraq, in addition to the benefits that the owner of this account will receive, which represents a product that is in harmony with the needs of the Iraqi family seeking to invest its money in the appropriate and safe place and benefit from generous monthly returns that raise the standard of living.”
Iraq cannot RI without "accepting Article VIII obligations" and cannot do so if they have a MCP. Dr S said that the "new currency" will co-exist with the 3 zero currency for up two two years in the market and ten within the banks. They cannot treat the two currencies at different rates and be deemed as having "accepted Article VIII obligations". Without "accepting Article VIII" obligations, they simply cannot RI...
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Paulette
Article: "Iraq faces some challenges in its path to joining the World Trade Organization" It is clear based on this article that Iraq will not be voted today to be full members of the WTO...Iraq has a lot of work ahead of them. To me, the WTO is totally irrelevant to what we seek. Apples and oranges. I hope we see the FULL RI process well before full accession to the WTO.
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Paulette
Question: "Iraq is supposed to join the WTO this 18th of July, is that correct?"
the 18th is the next meeting of the Steering Committee...the Full Assembly would have to vote to allow Iraq full accession...they are not scheduled to meet until early 2026...It would be extremely uncommon for a Steering Committee to only meet with a country 2 times after the initial meeting. 4 to 7 is the usual...this only the second meeting of the Steering Committee for Iraq.
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Paulette
Community Reminder ["He pointed out that the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years, pointing out that this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity In the market" This 2016 article says.They will coexist with 10 years.]
Exactly! And, this was further clarified that active trading in the Market Place will be upwards of two years while through the banks it would be at least 10...This is what I believe will be told to the citizens when they bring out the Fils and lower notes...IMSO, it won't be a week or 90 days or even 180...Nor will they be cancelling the 3-Zero series for at least 10 years...They are currently following the Dr S plan to a "T"...
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It is great to see more articles regarding the "Float"...I strongly believe this is the early stages of the last push by the CBI to educate the Citizens prior to implementing the "Delete the Zeros" project...Patience all...this is slowly coming together.
If you go back and read articles after 7/1/23 you will see that Iraq is still under US/(UK) guardianship (receivership) ...There were calls then for the UN to lift this guardianship but [4/10/2024 Article "Our agency publishes the text of the request of the Prime Minister, Muhammad Shiaa Al-Sudani, to the Secretary-General of the United Nations, Antonio Guterres, to permanently end the work of the United Nations mission in Iraq."] may now be the first "Official" call that I have seen...The corrupt in the US do not want this to change.....The good news is that IMSO, their days are numbered...
Iraq's WTO Accession Package will likely not be submitted for adoption until MC14 which will be held in early 2026... It clearly was not submitted for adoption at MC13...I anticipate that by then we really won't care.
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Community Comment: "Iraq on May 9 ascends to FULL membership in the WTO" I hope you are correct regarding the WTO. However, the documentable facts and articles regarding this issue would say otherwise. Don't misunderstand, the documentable facts and articles are EXTREMELY positive. Iraq, under Sudani appears to be serious about becoming WTO members, opening the country to International trade, moving from a Rentier Economy to a Market Economy and finally implementing the Delete the Zeros Project. Everyone should be excited even if it takes months more to accomplish...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/05/rv-update-by-paulette-14-may.html
The International Development Bank announced today, Tuesday, the opening of a deposit account (investment, term) to serve the Iraqi family.
The bank stated in a statement that "based on our belief in providing the best banking services to the bank's customers and employing the accumulated cash mass in the service of the national economy, the International Development Bank for Investment continues to open deposit accounts according to the customers' requirements in terms of the duration of the link."
He added, "These accounts provide financial returns of up to 10% annually, paid monthly from the value of the deposit, in addition to entering the monthly draw, which includes valuable cash prizes."
He stressed that "the owner of the investment deposit receives free life insurance and facilities when wishing to obtain a loan guaranteed by the deposit, as well as a credit card provided free of charge to the account holder."
The bank explained that "the funds will be invested to serve the country and will be safe and guaranteed by the Iraqi Deposit Insurance Company, which is authorized by the Central Bank of Iraq, in addition to the benefits that the owner of this account will receive, which represents a product that is in harmony with the needs of the Iraqi family seeking to invest its money in the appropriate and safe place and benefit from generous monthly returns that raise the standard of living." LINK
Article: "The World Trade Organization opens its doors to it.. The Iraqi economy returns strongly to international competition"
Quote: "The World Trade Organization has accelerated Iraq's steps to join it, following the resumption of negotiations that had been suspended for more than 16 years. The Iraqi delegation is preparing for the next round of negotiations that are expected to resolve this issue, which will open up global trade horizons for Iraq and return it to strong economic competition, in the region and the world, under a multilateral economic system."
Article: "
Government advisor reveals Iraq's gold reserves have risen to 150 tons... and the reason for its high price"
Quote: "Gold is one of the most important safe investment havens in the world, which is resorted to by the investment portfolios of central banks and various investors"
Article: "She supports him fiercely.. What you don't know about Trump's Iraqi-origin lawyer"
Quote: "After the assassination attempt on US President Donald Trump, his Iraqi-born lawyer, Alina Habba, gave a speech on the last day of the Republican Party conference in Milwaukee, Wisconsin, to express her full support for Trump."
Defense Minister Thabet Mohammed Saeed Al Abbasi arrived at the head of the Iraqi delegation on an official visit to the United States of America.
The Iraqi security delegation will hold the second round of talks to end the international coalition's mission in Iraq.
Four Iraqi sources told Reuters that Iraq wants the international coalition forces to begin withdrawing from September and to officially end the coalition's work by September 2025,and indicated "the possibility of some American forces remaining in an advisory capacity that was recently negotiated."
Meanwhile, American officials said that "the Iraqi position will be discussed with American officials in Washington this week at a security summit," adding that "there is no official agreement to end the coalition or any timetable associated with it yet." LINK
