International Development Bank announces the opening of a bank deposit account, 24 JULY

 Economy News — Baghdad

The International Development Bank announced, on Tuesday, the opening of a deposit account (investment, term) to serve the Iraqi family.

The bank said in a statement that “based on our belief in providing the best banking services to the bank’s customers and employing the chunkened cash mass in the service of the national economy, the International Development Bank continues to invest in opening a deposit account and according to customer requirements in terms of the link period.”

He added that “these accounts provide financial returns of up to 10% per year, and are paid monthly from the value of the deposit, as well as 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 you want to obtain a loan guaranteed by the deposit as well as a credit card provided free to the account holder.”

The bank explained that “the funds will be used to serve the country and be safe and guaranteed by the Iraqi company to guarantee the deposits approved by the Central Bank of Iraq, in addition to the benefits obtained by the holder of this account, which represents a product that is harmonious and the need of the Iraqi family looking to employ its money in the appropriate and safe place and benefit from rewarding monthly returns that raise the standard of living.”'

https://economy-news.net/content.php?id=45510

RV UPDATE BY RAYREN98, 24 JULY

 RayRen98 

  WAS JUST INFORMED BY A 3 LETTER... IF NOTHING CHANGES, BANKS WILL SEE LIVE RATES IN THE MORNING. TIME WILL TELL.

RayRen98

  IT IS BEING REPORTED THAT AN "ATTEMPT TO RELEASE" WAS UNSUCCESSFUL EARLIER TODAY... STANDBY...WHEN WE HEAR MORE, SO SHALL YOU.

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NOTICE: ALL SYSTEMS ARE "GO" FOR TODAY...LET'S SEE WHAT HAPPENS. TIME WILL TELL...SOME BANKS SAW "PENDING" RATES ON WEDNESDAY.

"US BANK STAFFERS HAVE RECEIVED MEMOS INDICATING TO BE PREPARED AN INFLUX OF CUSTOMERS HAPPENING SOON"

3 LTRS ARE BACK AT IT AGAIN...  EXPECTING SOME "IMMEDIATE ACTION" IN 24 HOURS! TIME WILL TELL...I'M EXPECTING THE "REST" OF MY MIRACLE...TUESDAY NITE NOW!

[via Babysmom]

  ...BANKS EXPECTING TO SEE RATES LIVE AFTER FOREX OPENS AT 5:00 P.M. EASTERN...

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PAST POSTS OF RAYREN98

  "ACROSS THE POND" FOLKS ARE CLAIMING WTO ASCENSION & AN INTERNATIONAL CURRENCY.  SOME 3-LTRS ARE STARTING TO CONFIRM AND ACKNOWLEDGE.  TIME WILL TELL

SO, SOME AGREEMENTS WERE MET LAST NIGHT....LET'S SEE WHERE THAT TAKES US FOR LATER TODAY?

 [via Babysmom]  "EAST COAST BANK CONTACTS ARE "VERY EXCITED" AND ANTICIPATE INITIATING EXCHANGES EITHER LATE TONIGHT OR EARLY IN THE MORNING. TIME WILL TELL...

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 EVEN THOUGH I DON'T SEE IT YET...THEY ARE TELLING US "IT'S DONE"...THIS HERE "RIDE" IS FINALLY COMING TO AN END...HOPEFULLY TODAY. 

 [via Vinterv]   3 LTR'S [3 LETTER AGENCIES] ARE ON A 24-HOUR WATCH...

♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ I'm so excited, and I just can't hide it. I know, I know, I know I see a RATE CHANGE! A SHO-NUFF "RATE CHANGE" ! ♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪  Sooner THAN later ♫♪♫♪♫  I GOT A FEELIN ...TONIGHT'S GONNA BE A GOOD NIGHT ♫♪♫♪♫ times 3...    

GOOD SOURCES INFORM THAT THEY ARE ATTEMPTING TO PUSH IT OUT "BEFORE" THE END OF THE MONTH...

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-rayren98-3-march.html

Iraqi Dinar🎉Iraqi Dinar Goes Global Major Announcement Today 2024🔥iraqi ...

Across the screens.. The Iraq Stock Exchange sets the colors of the data and is preparing to broadcast on YouTube, 24 JULY

 Economy News – Baghdad

The Iraq Stock Exchange announced, on Tuesday, its readiness to launch the broadcast trading screen on the YouTube site, while it pointed to the colors of the data.

The Executive Director, Expert Taha Ahmed Abdul Salam, said, according to a document issued by “Economy News”, that “the artworks to show the display screens of indicators trading by adding the colors shown according to the financial position of the companies (for a deficit) to the latest financial data and appeared on the broadcast screens and in the investors hall in the market as of the 23/7/2024 session and as as  1 Companies with a deficit of more than 50% in red blame

2 Companies with a deficit rate between 30% – 50% in red as well

3 companies with a deficit rate between 20% 30% in yellow

4 Companies suspended in blue

5. The colors of the companies will be updated according to the variables of the deficit rate, respectively.

Regarding the launch of the broadcast on YouTube, Abdul Salam said that “today’s session will also witness the launch of the broadcast through the Iraq Stock Exchange website via YouTube, in addition to broadcasting via the market page on Facebook.”

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Added 2024/07/23 – 11:46 AM

https://economy-news.net/content.php?id=45501

RV UPDATE BY JEFF, 24 JULY

 Jeff 

 The budget is not posted in the Gazette.  The budget hasn't been implemented because it's unconstitutional...

Delete the zeros has nothing to do with the exchange rate.  Deletion of the zeros simple means removing currency notes with multiple zeros on them.

 There was a perception out there that the rate was going to change before the July 18th accession date to the World Trade...This was their 3rd accession World Trade meeting.  There's a 4th meeting coming in Q1 of next year of '25...Many thought Iraq would become a full member as of July 18th.  None of that happened.  

Jeff  

Some of you have said that parliament has nothing to do with this [the budget]...It actually does  because they unconstitutionally approved the budget and the budget's approval has everything to do with it.  That's the piece to the puzzle that is not understood.  

Article  "Parliamentary law challenges the 2024 budget tables"  Parliament can only review and approve laws.  It was parliament that did these amendments making their steps or actions of approving the budget unconstitutional.   The courts possibly next week around Wednesday/Thursday declaring the budget itself as unconstitutional and overturning its  approval...  

--

Jeff

  Article: "The 2024 budget will be returned to the House of Representatives and the reason is revealed"  

Iraq approved their budget on Monday June 3rd. I've known since June 4th Tuesday that the budget was unconstitutional...

I've stayed quiet since to let the news catch up.  I knew this immediately was unconstitutional.  I knew it was going to get overturned by the court, the whole time.  Now you're witnessing it.  The news is finally, a month and a half later, catching up...That's how far ahead we are...

Jeff  

  I told you guys the court would be overturning the budget because it is unconstitutional...I basically predicted the future for you.  It's getting close to happening.   They're most likely going to do this next week. 

 Article:   "Legal:The Federal Court will vote on the unconstitutionality of the budget table"   I told you the budget is unconstitutional.  I told you nothing was going to happen to the budget.  As you see I'm right.  The budget is getting overturned.  It is going to go back to an unapproved state.

  The central bank announced their 3rd strategic plan... They'll be increasing gold reserves...they also said they're going to offer... FOR READ MORE: 

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-jeff-1-may.html

The next big step in this is we want to see when Iraq will be amending their budget...They can amend it before or after the rate changes...

 This weekend coming up would be the historical anniversary date of when Kuwait reinstated their currency - March 24, 1991

 Iraq technically does not need to amend the budget if they're not changing their rate....

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-jeff-22-march.htm

80% Of Banks 'Going Down’; $9 Trillion Of Debt Due Soon | Christopher Wh...

UN praises Iraq’s efforts in combating cross-border crimes, 24 JULY

 Economy News – Baghdad

The Governor of the Central Bank of Iraq, Chairman of the Council for Combating Money Laundering and Financing of Terrorism, Ali Mohsen Al-Alaq, discussed on Tuesday the development of bilateral programs with the regional representative of the United Nations Office on Drugs and Crime for the Middle East and North Africa, Christina Albertin, while the guest delegation praised Iraq’s efforts in combating cross-border crimes.

The Central Bank said in a statement, received by “Economy News”, that “the Governor of the Central Bank of Iraq received the Chairman of the Council for Combating Money Laundering and Financing of Terrorism Ali Mohsen Al-Alaq, the Regional Representative of the United Nations Office on Drugs and Crime for the Middle East and North Africa, Christina Albertin, and the accompanying delegation. During the meeting, they discussed strengthening bilateral relations and completing the programs achieved between the two sides, especially with regard to capacity-building and follow-up of criminal proceeds in accordance with international best practices.”

He added, “The guest delegation praised the efforts made by the Office of Combating Money Laundering and Financing of Iraqi Terrorism in combating cross-border crimes, following up on proceeds and enhancing the work of the internal, regional and international system.”

He pointed out that “Iraq embraces the work of the Second Baghdad International Anti-Narcotics Conference, under the auspices of the Prime Minister, who explained in his speech during the conference that drugs threaten the stability of the region, and Iraq’s vision towards combating them is not limited to the damage targeting its youth, but will be a factor in the comprehensive instability in the region if neglected.”

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Added 2024/07/23 – 8:22 PM

https://economy-news.net/content.php?id=45527