Wednesday, December 18, 2024
CENTRAL BANK GOVERNOR: OPENING EXTERNAL CHANNELS WITH FOREIGN CURRENCIES ELIMINATES THE BLACK MARKET, 19 DEC
CENTRAL BANK GOVERNOR: OPENING EXTERNAL CHANNELS WITH FOREIGN CURRENCIES ELIMINATES THE BLACK MARKET
Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.
The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said in a statement, which was reviewed by “Al-Eqtisad News”, that “the governor of the Central Bank visited the Trade Bank of Iraq and appreciated the bank’s efforts to expand its customer base of importing merchants and the procedures to facilitate their transactions in a way that contributes to achieving stability in the exchange market
.”
According to the statement, the governor of the Central Bank stressed “the need to make efforts to achieve fluidity and provide the best banking services to the bank’s customers.”
The governor pointed out that “the Central Bank’s continued opening of multiple external channels in foreign and Arab currencies achieves continuous stability in the exchange rate and gradually eliminates the black market.”
MIKE MC : I BOOKED MY APPOINTMENT WITH PRIVATE BANKER AT ANZ BANK IN AUSTRALIA, 19 DEC
MIKE MC
Ok I booked my appointment with private banker at ANZ bank.
I asked the girl for the rates of the currencies I hold.
Dong 0.68
Bolivar 0.34
Zim 0.04792
Yugoslavia Dinara (not on bank screen)
I would presume the rate of the Vietnamese dong on the Wise app will change when the dong revalues and appears on the forex.
Appt is for 30 min. I will ask the private banker to give me a copy of the bank screen rates.
See if I can negotiate. I'm good at that. I will ask if these are contract rates, can I negotiate possible higher rate.
You can exchange at the bank now, but you can also choose to hold onto your other currencies till the rates increase.
Yes, yes, yes. I was crying hard out yesterday and beginning to lose hope, but I am so happy. 8.41am haven't slept yet.
D.H
ANZ Bank is in Australia and New Zealand
Mike Mc
Coffee with MarkZ. 12/18/2024
Antoine: The Situation In Syria Greatly Affects The Iraqi Economy, 18 DEC
Antoine: The Situation In Syria Greatly Affects The Iraqi Economy
Information / Baghdad.. Economic expert Basem Antoine confirmed today, Wednesday, that the situation in Syria greatly affects the Iraqi and Syrian economies.
Antoine said in an interview with Al-Maalouma Agency that "the current situation in Syria has a direct impact on Iraq, especially since Iraq represents a vital market for Syrian industries."
He explained that "despite Iraq's ability to search for alternatives, Syria will suffer greatly, with the possibility of many factories shutting down as a result of the absence of markets to sell their goods, in light of the Syrian people's fear of the ongoing process of change."
He added, "Some people downplay the impact of the Syrian situation on Iraq, but the reality indicates a profound impact due to the common border that extends for about 650 kilometers between the two countries."
He pointed out that "the displaced Syrians in Iraq can return to their country to form an important workforce, which may restore activity to the Syrian market and ease Iraq's economic burdens, but it requires accurate studies to avoid the repercussions of the crisis on both countries."
He explained that "what is happening in Syria is not just a political conflict, but rather part of an economic war targeting the industrial and productive center of gravity that Syria represents in the region, which further complicates the economic situation in both countries." LINK
Prepare for your GCR Exchange/Redemption Appointment, 18 DEC
Tues. 17 Dec. 2024: Prepare for your GCR Exchange/Redemption Appointment:
Have two photo IDs to present at your exchange.
Count, organize and have copies of your currency and/or Zim
Write down a password that you can use to identify your personal Quantum Account.
If you want to immediately purchase a large item such as a home, have the specific information written down for a Proof of Funds Letter.
If you have a Humanitarian Project:
Have two copies of a 3-4 page write up of your Project, one to give to them, one to keep
Be prepared to give a short summary and a 5-8 min. presentation of your Project.
Know how long your project will last (20-50-100 years?) in order to determine your payout
Know how many people it can employ.
Know how much money you will need for the first 90 days of your Project.
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