MARKZ : They are positioned
Member: Mike Bara said he knew personal bond people with big big money - all signed sealed delivered - liquid - he says one guy is spending money like a drunken sailor
Member: Yes he know 1/2 dozen bond guys with appointments and in line
Member: Mark do the groups go at the same time as the bonds?
Member: Hearing a rumor that the pentecostal group has liquidity. Hope its true.
MZ: I do not know any groups with liquidity right now. But they are positioned.
National Bank of Iraq wins the “Excellence Award” from “Citi Bank” in recognition of its outstanding performance
The National Bank of Iraq announced that it won the “Excellence Award” from Citi Bank, in recognition of its exceptional performance in managing incoming and outgoing financial transfers, stressing that this is an achievement that reflects its commitment to the highest standards of quality and transparency in banking services.
This award is a global testament to the bank’s efficiency in implementing financial operations with utmost precision, as it excels in ensuring that transactions are processed according to the highest international standards, while providing the required documents in the correct manner and on time.
This achievement reinforces the position of the National Bank of Iraq as one of the leading banks in the Iraqi banking sector, committed to providing reliable and effective financial solutions that meet the needs of its individual and corporate clients.
Commenting on this achievement, Ayman Abu Dahim, Managing Director of the National Bank of Iraq, expressed his pride and honor in the bank receiving this prestigious award, explaining that receiving this award reflects the bank’s tireless efforts and its firm commitment to providing banking services that are in line with the highest international standards, noting that the National Bank of Iraq believes that innovation and continuous development are the key to success, so it has worked to adopt the latest technologies to ensure the speed and efficiency of financial transfers, which provides its customers with a safe and reliable banking experience.
Abu Dahim praised the efforts made by the bank’s work team at all administrative and functional levels in providing the best banking services and achieving the highest levels of accuracy and transparency, stressing the bank’s commitment to continue developing its operations and strengthening its partnerships with global financial institutions, in a way that ensures the provision of advanced banking solutions that keep pace with the aspirations of our customers and contribute to supporting the national economy.
It is worth noting that the National Bank of Iraq is one of the leading private financial institutions in the Iraqi banking market, as it constantly seeks to provide innovative banking services that meet the needs of customers and enhance their confidence, by providing integrated financial solutions that support individuals and companies, while adhering to the best international practices in the banking sector link
GOLDILOCKS
The Central Bank of Iraq announced the signing of a banking agreement with Emirates Islamic Bank. ...a mechanism that will allow individual customers of Iraqi banks in the near future to invest (partially) in Islamic bonds issued by Emirates Islamic Bank or other issuers with a similar credit rating in the United Arab Emirates."
For retail investors to invest in bonds of another country, understanding and managing currency exchange rates is crucial, as the value of the investment in your home currency will fluctuate based on those rates.
Here's a more detailed explanation:
Currency Risk:
When you invest in bonds denominated in a foreign currency, you are exposed to currency risk, meaning your return on investment can be affected by changes in the exchange rate between the foreign currency and your local currency.
Exchange Rate Fluctuations:
Exchange rates constantly fluctuate, and a weaker exchange rate for the foreign currency could mean a lower return when you convert your investment back to your local currency.
Impact on Returns:
The returns on your foreign bond investment, including both principal and interest, will be converted back to your local currency using the prevailing exchange rate at the time of conversion.
Hedging Strategies:
To mitigate currency risk, you can consider hedging strategies, such as using forward contracts or other derivative instruments, to lock in an exchange rate at the time of investment.
Financial Institution Role:
Financial institutions, like Raymond James, will confirm foreign currency trades in the U.S. dollar equivalent and highlight the risks associated with this type of investment.
As a retail investor, it's important to understand the potential impact of exchange rate fluctuations on your investment returns and to consider your risk tolerance when investing in foreign bonds.
© Goldilocks
https://cbi.iq/news/view/2808
https://www.twentyfouram.com/education/fixed-income-101-comparing-yields-in-different-currencies#:~:text=Hedging%20the%20currency%20risk%20of%20a%20bond,done%20simply%20by%20using%20an%20FX%20forward.&text=Changes%20in%20monetary%20policy%20and%20exchange%20rates,when%20comparing%20relative%20value%20across%20different%20markets.
https://home.treasury.gov/data/treasury-international-capital-tic-system-home-page/help-files/frequently-asked-questions-treasury-international-capital-form-s-purchases-and-sales-of-long-term-securities-by-foreigners
Parliament will not be suspended" .. Parliamentary Legal Committee reveals the plan for sessions during Ramadan
Member of the Parliamentary Legal Committee, Mohammed Anouz, confirmed on Thursday that the Iraqi Parliament will not be suspended early due to the upcoming legislative elections, stressing that the Council has a moral and constitutional responsibility to continue holding its sessions and approving the remaining laws.
Anouz added to Shafaq News Agency that the first and second legislative chapters are sufficient to complete the reading, discussion and voting on many laws, stressing that the Council will resume its sessions next week.
He pointed out that Parliament sessions during the month of Ramadan will be in the evening, i.e. after breakfast, to ensure the continuation of legislative work before the end of the current session.
It is noteworthy that the current session of the Iraqi Council of Representatives began on January 9, 2022, and is scheduled to continue for four years, which means that it will end on January 8, 2026.
According to the amended Electoral Law No. 12 of 2018, legislative elections must be held 45 days before the end of the parliamentary term.
Accordingly, the next elections are expected to be held in late November 2025.
Recently, the Independent High Electoral Commission began its technical and logistical preparations to ensure that the elections are held on the scheduled date, in coordination with the Prime Minister’s Office. link
MAJEED
Read also: Bank appointment for Currency EXCHANGE Instructions/Checklist
