Sunday, January 5, 2025

FRANK26: "EVEN THE HOLY CLERIC LEADERSHIP OF IRAQ SUPPORTS SUDANI'S MONETARY REFORM!!!", 5 JAN

 KTFA

FRANK26: "EVEN THE HOLY CLERIC LEADERSHIP OF IRAQ SUPPORTS SUDANI'S MONETARY REFORM!!!".....FRANK26

In support of Mr. Al-Hakim’s proposal.. Advisor to Al-Sudani: Iraq strengthens its sustainable economic partnerships

 

In support of Mr. Al-Hakim’s proposal.. Advisor to Al-Sudani: Iraq strengthens its sustainable economic partnerships

1/3/2025

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, announced that the current Iraqi government seeks to strengthen sustainable economic partnerships with major countries.
 
Saleh told {Euphrates News}: "Iraq has left behind the legacy of isolation and regional and international conflicts since 2003, and our country is currently experiencing a very high level of stability with the international economic community and building economic relations that achieve common interests, led by openness to an international strategic investment environment based on the path of development, which is led by central infrastructure in improving transportation, energy and port networks."

He added, "In addition to establishing free industrial and economic zones to attract real foreign direct investment with high added value." 
Saleh continued, "Also, continuing the strength of traditional trade tributaries, especially in crude oil trade and traditional trade, will remain important factors in building our country's interests with the world, by dealing with Iraq's international partners, led by major friendly countries, namely India, Turkey, China, Korea, the United States, Japan, and sister and friendly countries such as the Emirates, Saudi Arabia, Iran and the rest of the neighboring countries."

The head of the National State Forces Alliance, Mr. Ammar al-Hakim, stressed during his speech at the mass gathering in Najaf on the anniversary of the martyrdom of the Martyr of the Mihrab, Grand Ayatollah Sayyid Muhammad Baqir al-Hakim {may his secret be sanctified} that combating corruption, establishing security, and building a balanced economy are our gateway to building a strong state, while calling for striving through Iraq to establish long-term economic ties and common interests that our peoples and the peoples of our Arab and Islamic region enjoy.

Mr. Ammar al-Hakim also stressed the importance of focusing on reconstruction projects, economic development, and increasing investments in the country.
Raghad
 

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Mr. Al-Hakim: We will not allow anyone who wants to bring back the days of conflict, and Iraq today is stronger with its forces and its mobilization.

 

Mr. Al-Hakim: We will not allow anyone who wants to bring back the days of conflict, and Iraq today is stronger with its forces and its mobilization.

1/3/2025

 

The head of the National State Forces Alliance, Mr. Ammar Al Hakim, confirmed his rejection of attempts to return Iraq to “disagreement and conflict.”
 
In his speech at the mass gathering in Najaf on the anniversary of the martyrdom of the Martyr of the Mihrab, Grand Ayatollah Sayyid Muhammad Baqir al-Hakim {may his secret be sanctified}, Mr. Al-Hakim said: “There will be no compromise on the security and stability of our country, and we will not allow anyone who wants to return the scene to the days of disagreement and conflict and to play on the feelings and unity of the Iraqis. Iraq today is stronger with its men, government, leaders, army, federal police, crowd, Peshmerga, and all branches of our armed forces, which are rising with the arms of its zealous sons.” Continue


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LATEST FROM TEXAS SNAKE, 5 JAN

 TEXAS SNAKE

LATEST BANKER ANTICIPATION  IS MONDAY MORNING IN COUNTRY SUNDAY MORNING HERE!!

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MAJEED: IRAQ MUST RV INTERNATIONALLY IMMEDIATELY!! @DINARREVALUATION

 


FRANK26: "PLEASE KNOW THE DIFFERENCE BETWEEN PRIVATE BANK TRANSFERS AND FOREIGN CURRENCY AUCTIONS, 5 JAN

 KTFA

FRANK26: "PLEASE KNOW THE DIFFERENCE BETWEEN PRIVATE BANK TRANSFERS AND FOREIGN CURRENCY AUCTIONS".....F26

 

Iraqi Central Bank Streamlines International Transfers

 

By John Lee.
 

The Central Bank of Iraq (CBI) has announced the successful transition of external transfers from an electronic platform to direct operations by Iraqi banks through their international correspondent banks.
According to a CBI statement, this milestone, fully achieved at the end of December, aligns with global best practices, promoting a stable and secure financial system.

Key highlights include:

Modernisation Journey: Transfers evolved from a currency sale window to an electronic platform and now to correspondent banking systems.

Diverse Currency Support: Iraqi banks can now enhance balances with correspondent banks using various currencies, including USD, INR, CNY, EUR, AED, SAR, and JOD.

Global Integration: The system improves efficiency and aligns Iraq's financial operations with international standards, boosting regional and global financial relationships.

Investment and Trust: This achievement strengthens Iraq's appeal for investment and enhances international financial confidence.

The CBI attributed this progress to extensive technical planning, governmental support, and the contributions of its staff, Iraqi banking institutions, and international partners.

The bank reaffirmed its commitment to fostering good governance, compliance, and anti-money laundering measures, further solidifying Iraq's financial system.

(Source: CBI)

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EXCERPTS FROM MARKZ, 5 JAN

 EXCERPTS FROM MARKZ

MZ: What I am hearing on the bond side is they are expecting their payments on the 7th, 8th and 9th. This is from the majority of my bond contacts. We are hopeful this time it will actually occur.

Member: Those poor historic bond folks ….They are victims of “the boy who cried wolf” just like us.

MZ: Seems like a lot of scheduled to start on the 7th after the certifications on the 6th. Maybe it’s a coincidence and maybe it’s not.

Member: Maybe things are positioned for a “shotgun start” after the 6th???

MZ: Still quiet on CMKX …but there are a number of groups who are also positioning for this week. Hopefully for actual payments. They were told to “be prepared to execute” meaning  to make sure accounts are ready and know the exact figures.

MZ: I am hopeful and think that at the bare minimum…information will start to get much better….starting midday on Monday. The holidays really cut into getting information.

MZ: In Iraq-It appears the final step in de-dollarization is happening..…that is what I was told…although my one contact told me to not worry and this is de-dollarization before the change. …but,  The central Bank of Iraq is claiming they sold one billion in 4 days. They keep saying auctions have stopped but we are seeing evidence they are still moving foreign currency. We are not sure what is going on – but we are watching it. Things are quite confusing.


FIREFLY: New Money Exchange Centers! WE WILL MUST RETURN THE 3 ZEROS NOTES! #iqd #iraqidinar

 


Iraq Stock Exchange reports record growth in 2024 as key economic indicators surge, 5 JAN

 Iraq Stock Exchange reports record growth in 2024 as key economic indicators surge


Shafaq News/ On Saturday, the Iraqi Securities Commission (ISC) announced significant financial and economic milestones for 2024, citing notable growth in the Iraqi stock market and an expansion of its activities.


According to the ISC's annual report, the number of registered companies reached 112, categorized as follows:

- Listed Companies: 104 companies across regulated and secondary trading platforms, including non-disclosing entities.

- Unlisted Platform (ISX-OTC): 8 companies.


Government Bonds Activity

The market facilitated trading in several government bond types, including:

- Construction Bonds: Two issues in two categories.

- Reconstruction Bonds: Three issues in two categories.

- Completion Bonds: Two issues in two categories.

Bond Trading Highlights

1. Construction Bonds (Issue 2): 25,000 bonds traded, valued at 24.12 billion Iraqi dinars.

2. Reconstruction Bonds (Issue 1): 5 bonds traded, valued at 4.92 million dinars.

Stock Market Indicators for 2024

The ISC reported robust activity in stock trading:

1. Total Shares Traded: 809.7 billion shares, marking a 17% increase from 2023.

2. Trading Value: 690.4 billion dinars, a 3% rise year-on-year.

3. Executed Contracts: 182,967 contracts, reflecting a 17% growth.

Market Indexes

- ISX60 Index: Closed December at 1,073.84 points, a 20.23% increase from the previous year.

- ISX15 Index: Closed at 1,174.65 points, up 10.12% since its launch.

- Market Capitalization: Reached 22.33 trillion dinars, up 19% from 2023. 

ISX-OTC Platform Activity

The unlisted platform (ISX-OTC) reported:

- Shares Traded: 5.98 billion shares.

- Trading Value: 2.59 billion dinars across 2,295 transactions involving three companies (Al-Warka Bank, Rabee Brokerage, Al-Karmal Brokerage).

- Market Capitalization: 105.7 billion dinars.

Updates from Listed Companies

- Annual General Meetings: 72 companies held meetings.

- Financial Reporting: 80 companies submitted annual reports for 2023.

- Capital Increases: 17 companies raised capital under corporate law.

- Dividend Distribution: 22 companies distributed dividends.

Optimism for the Future

Faisal Al-Haimus, the President of ISC, highlighted the positive outcomes achieved in 2024. "The strong indicators demonstrate our ongoing efforts to regulate the market, enhance transparency, and build investor confidence," he stated.

"Our goal is to establish the stock market as a cornerstone of Iraq’s national economy while attracting local and international investments."

Looking ahead, Al-Haimus pledged to enhance the market infrastructure and broaden public and private sector participation.

Upcoming Trading Session

The ISC announced that the first trading session for 2025 is scheduled for Tuesday, January 7, 2025, adhering to the official trading schedule.

Governor of the Central Bank: There is no financial problem that threatens the salaries of employees and we have large resources, 9 JAN

  Governor of the Central Bank: There is no financial problem that threatens the salaries of employees and we have large resources Baghdad –...