Economist: Lowering interest rates encourages investment but carries caveats, 28 OCT

  Economist: Lowering interest rates encourages investment but carries caveats

 Economic expert Salah Nouri confirmed today, Sunday, that reducing the interest rate is one of the main tools of monetary policy used by the Central Bank to influence the economy, whether by increasing or decreasing it according to inflation or deflation rates.

Nouri explained in his interview with {Euphrates News} that “reducing the interest rate encourages individuals and companies to borrow for productive projects, which leads to stimulating the economy,” adding: “Lower interest makes the cost of loans lower, and thus encourages consumption and investment.”

Nouri pointed out that "reducing the interest rate reduces the cost of production and perhaps the prices of imported goods, which leads to a reduction in selling prices," but he warned that "reducing the interest rate may push depositors to withdraw their deposits due to the decrease in returns, and resort to alternative investments such as gold."

He added: "It is necessary for the Central Bank to monitor the money market and commodity prices to measure the level of c: Al Furat News}inflation, especially since facilitating borrowing may affect the elasticity of demand versus supply."  link

TIDBITS FROM MILITIAMAN, 28 OCT

 Militia Man 

 Article:  "Bold step changes the liquidity map in Iraq" 

 Quote:  "The Central Bank of Iraq decided to reduce the internet rate and activate securities...

Analysts expect an increase in reliance on the Iraqi dinar as a base currency...It's expected the activation of a new dinar instrument will contribute to enhancing local liquidity..."  A base currency is going to make you guys really excited.  

What is a base currency? 

 Base currency is the first currency in a pair of currencies being traded in the Forex Exchange Market. 

 The second currency is called the quote or counter currency ...They're talking about it's not the US dollar that the base currency. 

 It's going to be the Iraqi dinar...I'm really pumped and excited...!  If that doesn't tell you these guys are gearing to go international I don't know what does... Powerful information!

FRANK26….10-28-24……HYBRID MONETARY PLAN….& ALOVEA PROMO

150,000 Kurdish employees receive their salaries digitally via the “Hisabi” system , 28 OCT

  150,000 Kurdish employees receive their salaries digitally via the “Hisabi” system 

The Financial System Administration "Hisabi" in the Kurdistan Region announced, on Sunday, the expansion of the scope of its digital operations so that the number of beneficiaries of the system reached 150 thousand employees during the past week.

According to the official website of the "My Account" system, which Shafak News Agency has reviewed, the number is increasing monthly and 150,000 employees have received their salaries through the system, which reflects the continuous growth in the adoption of the system to facilitate the process of disbursing salaries through digital bank accounts.

The system is expected to include all eligible employees in the region by the end of next year, as they will be able to receive their salaries directly through their own bank accounts.

This expansion comes within the framework of the Kurdistan Region's efforts to enhance the digital infrastructure and facilitate financial transactions for citizens.  link

TIDBITS FROM FRANK26, 28 OCT

 Frank26

 The specialized courses that are being taught to these people to run these exchange centers so that the [Iraqi] citizens can go and trade in their 3 zero notes, it's done.

  It's the only reason why they're telling you about it...It's not a secret. 

 Sudani cleaned up the swamp. 

 All of a sudden all of the banks that were stealing the Iraqi dinar, American dollar and profiteering illegally...he cleaned it all up. 

 I told you we needed the CBI floor to be so spotless that you could eat off of the floor.  The United States Treasury is on the second floor of the new CBI building. 

 It's spotless.  All the bank that [were stealing] have been shut down. 

 All the political parties that had power in the media and in the banking structure of Iraq are slowly being whittled away.

NADER FROM MID EAST: Economy in trade Iqd # uSA

Kurdish delegation in Baghdad to discuss the census, 28 OCT

 Kurdish delegation in Baghdad to discuss the census

Shafak News / A delegation from the Kurdistan Regional Government arrived on Monday in the federal capital Baghdad to discuss the census file scheduled for November 20.

The Kurdistan Ministry of Planning said in a statement to Shafak News Agency that “a Kurdish government delegation consisting of competent authorities in the Ministry of Planning arrived this afternoon in Baghdad.”

She added that “the visit comes with the aim of discussing the issue of the general population census in Iraq, which will include the governorates of the Kurdistan Region as well.”

The general census process in Iraq is scheduled to start on November 20.

https://www.shafaq.com/ar/كوردســتانيات/وفد-كوردي-في-بغداد-للتباحث-حول-التعداد