EXCERPTS FROM MARKZ
The Central Bank of Iraq decides to reduce interest to 5.5% in order to support economic growth
10/25/2024
The Central Bank of Iraq decided to reduce the interest rate from 7.5% to 5.5%, after the inflation rate decreased in Iraq.
According to the Ministry of Planning, the inflation rate has fallen from 8% to less than 3%.
Deputy Governor of the Central Bank, Ammar Hamad, said, "Based on the monetary policy orientations to enhance access to targeted inflation rates in a manner that does not conflict with the expected economic growth rates, and is consistent with the policy of developing deposits and increasing credit rates aimed at targeting projects, the Board of Directors of the Central Bank decided to reduce the monetary policy rate to 5.5% instead of 7.5%."
He added that the securities, namely Islamic deposit certificates and traditional transfers, were reactivated according to an annual plan with two terms, 14 days with a return of 4% and 182 days with a return of 5.5%.
He stressed that the maximum investment limit does not exceed 50% of the total private sector deposits at the bank.
The Central Bank stressed that the bank's investment ceiling in a single auction does not exceed 500 billion dinars. LINK
GEM FINCH
What has been happening – we knew we really close to the time that we’d be there. And now everything we are hearing is pointing to this going right away- even this evening I received information that F&P
- the Farm Claims and Native American claims will be paid out tonight and tomorrow and hearing that happens and then we GO - the Bond Holders are going to receive their notifications at approximately the same time as us
- then they’ll put in their codes and they will have a pre-designated amount from a year ago for the first 60 days.
After we exchange and redeem the Zim the amount we have in the QFS we can move up to 1.6B into each LLC to last for 60 days and after that we can do whatever we need to do with what remains in the QFS. But 1.6B is Huge.
Then once that is in that master account and then we’ll be able to move it into whichever accounts you have and can have up to three different banks to hold accounts for you. Interest rates - that’s the amount that we are going to be paid in the bank accounts –
NOT THE QFS WHICH IS NON INTEREST BEARING. The Banks will pay us interesting we have the ability to gain between 5% - 8 and quarter percent – now if you have a load of Zim - the lower this rate will be. And if you are going to move millions and billions you don’t need a high interest rate
- so the less you have the more you’ll get APY Annual Per Year - 5 – 8 and ¼ % - so if you made 100 million on your whole exchange you might be able to even get more than the 8 and ¼% but they want us to go as many years as possible to see the full fruition of our projects, but don’t worry about the interest rate - it’s going to be fine and Bruce saying he’ll take his interest quarterly and make it a goal to invest in peoples lives and my projects.
What else – at least three separate sources have said we would GO notified and exchanged either Tuesday - Wednesday or Thursday and this is definitely the week – and this is a member of the new USNTreasury - so let’s take him at his word - now things are happening today and tonight including all those claims being paid overnight and that should not hold us up –
but with a few things going on overnight – we should be notified sometime and should be able to exchange either tomorrow or Thursday and Bruce is REALLY EXCITED about where we are NOW. Now Bruce isn’t the only one suggesting this – but Bruce believes this is a good assessment of where we are.
As far as the R&R is concerned thank you Jeannie – as Bruce mentioned last Thursday will be this month but he’s not sure exactly when – the increase in SS payment to 62 and older you’ll receive that in November.
The exact details of that you need to listen to the recording of the call. And it will be a very nice amount. Bruce excited about everything coming through with the Blessing for us - and also excited about people they are going to be working with post RV.
There are plenty of things to be done with many different states. So Rebuild America for Florida which has much to be done re-building. Donations and organizations we can work with - but please take the first few weeks to look after yourselves and do what you haven’t been able to do for so long now - and enjoy yourself. But do keep an eye on your emails for what we will be doing in the future.
If you want to know more about these projects please listen to the recording and apparently MedBeds are meant to be being made available this coming Saturday and once we’ve been through the MedBed – then we’ll be able to refer others and if we hold Zim we’ll be given priority and now Bruce is going on to talk about Sue and that Bundle.
Planning: Census operations will continue for two weeks starting from November 20
10/25/2024
The Ministry of Planning confirmed today, Friday, that the date for conducting the census on November 20 is fixed and unchanged, while it indicated that its operations will continue for two weeks until December 3, 2024.
The ministry's spokesman, Abdul Zahra Al-Hindawi, said in a press statement, "The ministry has completed the requirements for conducting the population census," stressing that "the percentage of completion of the requirements for enumeration and numbering reached 96% in all governorates, except for the governorates of the Kurdistan Region, which reached 65%."
Al-Hindawi added, "The Ministry of Planning is anticipating the census as an event that has been absent from Iraq for 27 years, and has worked to provide all requirements for conducting the population census on 11/20-21/2024."
He added, "The population census project is huge and large and includes an inventory of everything above ground, including buildings, homes, and residential facilities," stressing, "the development of a comprehensive plan by the Ministry of Planning."
He explained that "the inventory and numbering process was preceded by aerial photo census operations for all buildings throughout Iraq," stressing that "the inventory and numbering operations witnessed the addition of 10% of buildings through aerial photos, which records the expansion of the construction and building movement in Iraq."
Al-Hindawi said, "The ministry has prepared 40,000 well-trained researchers to record population census data," stressing, "The process of training 80,000 enumerators has begun, so that the total number of researchers will be 120,000."
He stressed that "the census staff is capable of completing its tasks in the required manner," while he explained that "the census process is distributed to every 100 families by a researcher to record their basic data (number of individuals, gender, age)," stressing that "the announcement of the initial results includes the general census (number of females + number of males) and the population of each governorate."
He added, "The census process will continue until December 3, 2024. The counted family will be referred to record data (housing, health and education), and its results will be the end of the census." LINK
