Thursday, October 31, 2024
Monetary Policy Price And Reactivation Of Securities, 31 OCT
Monetary Policy Price And Reactivation Of Securities
October 30, 2024 Based on monetary policy trends to enhance access to targeted inflation rates
in a way that does not conflict with expected economic growth rates, and
is consistent with the policy of developing deposits and increasing credit ratios aimed at targeting projects, relying thus on following the approach based on data obtained from the banking sector ..
For more click here https://cbi.iq/static/uploads/up/file-173027681336323.pdf
https://cbi.iq/news/view/2703
~~~~~~~~~~
(approximate & incomplete translation of https://cbi.iq/static/uploads/up/file-173027681336323.pdf
)
DATE: 30/10/2024 (Population Census... the Pillar of Development)
Exchange Companies for the Art (4)
M/ Opening Branches M/ Monetary policy rate and reactivation of securities
Based on the monetary policy orientations in enhancing 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 ratios aimed at targeting projects, relying on the approach based on data obtained from the banking sector, the Board of Directors of this bank decided the following:-
1. Reducing the monetary policy rate to be (5.5%) instead of (7.5%).
2. Reactivating securities (Islamic certificates of deposit; traditional transfers) according to an annual plan and with two terms:
A. Term (14) days with a return of (4%).
B. Term (182) days with a return of (5.5%).
3. The maximum investment limit shall not exceed (50%) percent of the total private sector deposits at the bank, which are sent to the Open Market Operations Office via the weekly liquidity management form within the system (BSRS), where data received two weeks before the auction implementation date will be approved. In case the bank exceeds the percentage set above, it will be deprived of the auction return.
4. The bank's investment ceiling in a single auction shall not exceed (500) billion dinars.
5. For further inquiries, you may contact the office via e-mail (omo.office@cbi.iq).
With appreciation.
Attachments:-
- Auction issuance plan for (14) days.
- Auction issuance plan for (182) days.
THINGS HAVE STARTED IN CERTAIN PLACES FROM WOLVERINE, 31 OCT
Wed. 30 Oct. 2024 Wolverine
Looks like this is it everyone!
- Things have started in certain places. Some Bond Holders have already got notifications with appointments on Monday. Some Bond Holders already have notifications for tomorrow.
- Tier4b (us, the Internet Group) should be getting notifications for the currencies today Wed. 30 Oct, from 6 pm RENO time onwards.
- All needs to be done before the e******n. They say there may not be an e******n due to the Brunson case coming to light, and SCOTUS will make a decision.
- I have been assured all is ready to go
- I received this info from Brazil Tues. 29 Oct. 2024: Tier4B internet group is officially active. It is a great honor to announce the Launch of the Tier4B internet Group. The use and unification under Tier4 ensure that all systems are flawless.
- We are waiting for the determination of the Wells Fargo National Bank Association, which is the guardian of these resources. Miguel Ribeiro is one of these people. The release of funds by the BC, requires authorization determination by Wells Fargo Bank which can happen at any time. The authorization has already arrived since 4 pm and all good to go from tomorrow (October 30, 2024).
- I received a call from a close friend of mine and things are moving on his side,and hopefully, we will get 4B notifications.
Continuing Talks Between The Kurdistan Regional Government And The Federal Government To Resolve Outstanding Issues, 31 OCT
Continuing Talks Between The Kurdistan Regional Government And The Federal Government To Resolve Outstanding Issues
Kurdistan Region President Nechirvan Barzani discussed on Wednesday morning with Iraqi Parliament member and head of the Azm Alliance parliamentary bloc, Muthanna al-Samarrai, the general situation in the country, in addition to the Kurdistan Parliament elections and relations between Erbil and Baghdad, as well as the upcoming general elections in Iraq.
During the meeting, al-Samarrai congratulated President Barzani on the success of the Kurdistan Parliament elections, according to a statement issued by the presidency of the region.
During the meeting, both sides praised the ongoing talks between the Kurdistan Regional Government and the federal government to resolve outstanding issues, as they agreed that addressing these issues benefits Iraq as a whole and enhances the country's stability.
In another context, the risks resulting from the complex situation in the Middle East region were discussed, as they stressed the need for Iraq not to get involved in regional conflicts and disputes, and to work to spare the country their repercussions. https://www.radionawa.com/all-detail.aspx?jimare=40009
TIDBIT FROM SKYWALKER, 31 OCT
SkyWalker
I was recently asked what rate will the new rate be for the Iraqi dinar after the RV.
I explained unless you are on the decision making board for the U.S. Treasury, CBI, and the Iraqi government then it is pointless trying to figure that out.
The new rate for the Iraqi dinar will be calculated so Iraq's economy can thrive in the region and globally once the nation goes international.
"BECAUSE THE HCL IS READY" BY FRANK26, 31 OCT
KTFA
FRANK26: "BECAUSE THE HCL IS READY"......F26
10/28/2024
Prime Minister Mohammed Shia al-Sudani discussed today, Sunday, with Oil Minister Hayan Abdul-Ghani al-Sawad the government's previous plans for the growth of the oil and gas sectors.
The Prime Minister's Media Office stated in a statement, a copy of which was received by NRT Arabic, that "Al-Sudani received today the Minister of Oil, Hayan Abdul-Ghani Al-Sawad, in the presence of the Undersecretary of the Ministry of Oil for Distribution Affairs."
He added that "Al-Sudani referred, during the meeting, to the government's previous plans for the growth of the oil and gas sectors, and the development of their projects within the government program, through the licensing rounds in which contracts were signed to invest in many oil and gas fields, in addition to investing in associated gas projects, and oil derivatives production projects."
Regarding cooperation with the OPEC Plus group, the meeting emphasized “the importance of partnership with oil-producing countries, with the aim of maintaining the stability and balance of global oil markets, and Iraq’s commitment to what was agreed upon within the group, including voluntary cuts and compensation for the increase in production, according to the updated schedule submitted by the Ministry of Oil to OPEC.”
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