S&P Global Ratings has raised its credit rating for JPMorgan by one notch, reflecting the bank's ability to withstand economic pressures in recent years.
The agency raised the bank's long-term rating to "A" with a stable outlook.
S&P confirmed that JPMorgan's rating is now among its highest for banks worldwide, pointing to the strength of its market share in the sector and its ability to manage costs effectively amid the bank's increasing business volume.
FRANK26: "IF SO... THEN THERE IS A NEW EXCHANGE RATE.".......F26
Finance: Salaries may be funded after census holiday
11/17/2024
An informed source confirmed, today, Sunday, that the Accounting and Budget Department in the Ministry of Finance is currently working to complete the process of financing the salaries of employees in government institutions.
The source told Al Furat News Agency that "if the work is completed, salaries will be released tomorrow, but it is most likely that this will be done after the census holiday, with work continuing on Fridays and Saturdays as usual during the salary funding release periods."
FIREFLY:Sudani on TV saying his vision of the Iraqi dinar and he believes the Iraqi dinar will surpass the Kuwait dinar in value due to economic reforms and due to currency stability here in Iraq. And he spoke about our reserves...He talked about how Kuwait dinar was one of the strongest in the world but then he said the Iraqi dinar will pass it.
FRANK:
The Kuwait dinar is $3.25 right now and Sudani told the Iraqi citizens, I got your back. I told you I was going to give you value, purchasing power.
Sudani is so close to giving you what he promised you that he is now defining it even clearer.
For him to point at the Kuwait value versus the Iraqi dinar value is to give you more monetary reform education so that you will understand how your currency is about to gain purchasing power internally and the real effective exchange rate externally.Sudani is on the edge of giving you what he promised you...your new exchange rate and your lower notes.
American companies arrive in Kurdistan.. The region signs an agreement to enhance trade and investment
11/17/2024
The Kurdistan Region Investment Board announced, on Sunday, the signing of an agreement between local and American companies to enhance coordination in the fields of trade and investment, during a visit by a delegation of 30 American companies to the region.
The head of the authority, Mohammed Shukri, explained in a press conference attended by a Shafaq News Agency correspondent, that the American delegation met with the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, before holding a joint meeting in the Erbil Chamber of Commerce in the presence of local businessmen and members of the Investment Authority.
He added that the meetings aim to enhance trade cooperation and increase American investments in the region.
He pointed out that foreign expertise represents an important opportunity to support the economic and commercial sectors in Kurdistan to achieve further growth.
Shukri pointed to the agreement between Kurdish and American businessmen to increase coordination and expand the volume of trade and foreign investments, despite the current economic challenges.
😊Another article today titled “AL-ALAQ DISCUSSES WITH HIS TURKISH COUNTERPART THE LAUNCH OF NEW MECHANISMS FOR TRADE TRANSFERS BETWEEN THE TWO COUNTRIES”.
In the article they tell us news ofthe Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussing with his Turkish counterpart, the Governor of the Central Bank of Iraq, Fatih Karahan, the launch of new direct mechanisms for trade transfers between the two countries.
I will tell you this is huge news and WOW! news today since trade with the Turks is big business. Oh, didn’t we just also read articles about making peace with the Kurds and realizing it is more prosperous for both countries to live in peace than combat? Remember that not ever country can supply everything to fulfill the needs of their own country.
They rely on trade to bring in a variety of goods to enhance the quality of life. If the trade is fair and honest both countries prosper. It's’ a very good thing! Applying this move to our investment this means again a demand for the dinar since Iraq will expect to get paid for their exports in dinars no longer dollars.
Remember they ditched the dollar. Oh… but the dinar is cumbersome with the three zeros. The dinar is still at 1/6 of a penny…… You see when you get into massive trade and talk trillions of dollars the number of zeros is crazy in the banking systems.
Remember the reasons for deleting the zeros? They told us in numerous recent articles that one of the reasons is it would be for ease of transactions. Do you get it yet?
So, as these trade deals emerge and more and more correspondent banks from these countries come onboard, like a snowball moving down the hillside, growing and growing, the change to the dinar to the newer, smaller denominations has to occur.
Greater demand for the IQD is also increasing, as they put together more and more of these trade deals. The project to delete the zeros is coming and my CBI contact still assures me the plan is to conduct the timing of it to coincide with a target of early 2025 for the transition of the IQD back on FOREX.
Let’s pray nothing will interfere with the process. Yes, the US under the new Trump administration, still will have to give assurances the process will be followed once began. Followed through to the reinstatement. I believe this will happen. I await the announcement of the new US Treasury secretary. This may make all the difference too.
What can we as investors do right now?
Pray and pray that nothing will mess this up….
Be very patient….
Do not sell you dinar….
No more intel guru talk….
No more NESARA / GESARA crazy talk
Stop listening to all these idiots as they are only confusing you more and more (especially TNT and “The Big Call” idiots.)
Don’t over speculate and set unjustified expectations
I know the path to this reinstatement and I don’t have to speculate or guess.