Wednesday, December 18, 2024
The Central Bank And The Securities Authority Sign A Memorandum Of Understanding Regarding The Sustainable Development Of The Banking Sector, 18 DEC
The Central Bank And The Securities Authority Sign A Memorandum Of Understanding Regarding The Sustainable Development Of The Banking Sector
The Securities Commission announced today, Sunday, the signing of a joint memorandum of understanding with the Central Bank.
The Deputy Chairman of the Securities Commission, Nagham Hussein Ismail, said in a statement to the Iraqi News Agency (INA): “Based on the joint cooperation between government institutions, and in view of the desire of the Securities Commission and the Central Bank of Iraq to create a joint cooperative framework for both parties that contributes to achieving the goals of sustainable development in the banking sector, a memorandum of understanding was signed between the two parties.”
She added, "The signing of the agreement came to enhance cooperation between the two parties in the field of information related to shareholders, and to benefit from the electronic window of the shareholders' system approved by the Iraq Stock Exchange."
JENTEL NOTES : A RATE WAS POSTED TO PAY CONTRACTOS AT $3.92 ( ENGLISH & SPANISH), 18 DEC
JENTEL NOTES
12-16-2024
RV NEWS-
JEN- Was a rate posted last week?
URIEL- Yes, half the rate was published.
URIEL- *To pay contractors. The fare was $3.92 and
will increase to a public rate of over $7.00. (I heard $7.65.)
JEN – Why?
JEN- When will we receive notifications to trade?
URIEL- «Wednesday night». (Not sure if it's Wednesday
in Iraq or here.)
JEN- Are the other levels being paid?
URIEL- Yes, underway.
JEN- Did Reno really start as reported?
URIEL- «Yes. Disbursements and contractors are being paid. The contracts were signed. The finishing touches are being made.
JEN- What is happening with the exchange rates of other currencies
due to the privately published dinar exchange rate?
URIEL- «The dong is ready, the bolivar is rising. exchange rates
They should be ready tonight.
TRANSLATION IN SPANISH
NOTAS DE JENTEL
16-12-2024
RV NEWS-
JEN- ¿Se publicó una tarifa la semana pasada?
URIEL- Sí, se publicó la mitad de la tarifa.
URIEL- *Para pagar a los contratistas. La tarifa era de $3,92 y
aumentará a una tarifa pública de más de $7,00. (Escuché $7,65.)
JEN- ¿Por qué?
JEN- ¿Cuándo recibiremos notificaciones para intercambiar?
URIEL- «El miércoles por la noche». (No estoy seguro si es el miércoles
en Irak o aquí.)
JEN- ¿Se están pagando los otros niveles?
URIEL- Sí, en marcha.
JEN- ¿Realmente Reno comenzó como se informó?
URIEL- «Sí. Se están pagando los desembolsos y los contratistas. Se firmaron los contratos. Se están haciendo los últimos retoques.»
JEN- ¿Qué está pasando con los tipos de cambio de otras divisas
debido al tipo de cambio del dinar publicado de forma privada?
URIEL- «El dong está listo, el bolívar está subiendo. Los tipos de cambio
deberían estar listos esta noche».
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Tuesday, December 17, 2024
Culture: Extensive tourism and heritage events await Baghdad in 2025, 18 DEC
Culture: Extensive tourism and heritage events await Baghdad in 2025
Economy News – Baghdad
The Ministry of Culture confirmed on Monday that the choice of Baghdad as the capital of Arab tourism for 2025 came according to strict criteria set by the Arab Tourism Organization, which confirms its entitlement, while pointing out that the capital will witness extensive tourist and heritage activities.
The Undersecretary of the Ministry of Culture, Fadel Al-Badrani, in a statement reported by the official news agency, and seen by “Economy News”, said that “the choice of Baghdad as the capital of Arab tourism for 2025 came according to strict criteria set by the Arab Tourism Organization, and it was not a random decision or a courtesy that confirms Baghdad’s entitlement to this event.”
He pointed out that “the great efforts made by the Ministry of Culture, Tourism and Antiquities, in coordination with the Office of Prime Minister Mohammed Shia Al-Sudani, resulted in achieving this achievement.”
Al-Badrani added that “the Minister of Culture had submitted a coordination request in September 2022 to choose Baghdad as the capital of Arab tourism,” stressing that “the competent committees in the organization studied all nominations and chose Baghdad as a merit based on criteria that included infrastructure, security safety, health, culture, tourism and civilizational heritage.”
He explained that “the year 2025 will witness extensive tourism, heritage and entertainment events in Baghdad on the background of its selection as the capital of Arab tourism, and there will be organized programs and visits for archaeological, historical and heritage sites in the capital and other Iraqi cities, while highlighting the intangible cultural heritage of Iraq. Coordination will also be with the Ministries of Interior and Foreign Affairs to facilitate the granting of visas to expatriates and tourists, which enhances Baghdad’s position as a prominent tourist destination.”
EXCERPTS FROM MARKZ, 18 DEC
EXCERPTS FROM MARKZ
Member: Let’s hope the new rate also comes by then.
MZ: It was our understanding auctions were supposed to stop on the 15th. But, they had an auction this morning hours earlier then usual….. an auction worth about $275 million dollare were auctioned off….more dinars off the streets.
Member: I wonder - what are the chances that Iraq goes alone?
Member: A follower shared me the screenshot from today.said it was visible for 5 min at 3.29 before it reverted back.I could not verify it. Just FYI
MZ: We are seeing a lot of that…lots of rate fluctuations.
Member: Probably teaser rates while they keep testing the system.
MZ: I do have updates from different contractors and contractor groups. My personal friend over there says he will not give a rate as it would compromise the contracts. But I have heard from a couple others that the most common rate they are being told is $3.92 as they are redoing contracts. I do not know how accurate that is but thought it was worth sharing. I did hear it from a number of sources so it may be just circletel…but it does fit closely to what is expected. $3.92 would be awesome, but consider it a rumor for now. .
Member: At $3.92, I'm taking it and be happy as a pig in slop.
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