Question: "Will Ramadan affect the timing of the exchange rate?"
Are you asking me because Kuwait went through an RI during Ramadan?
IMO that was just a coincidence...Let's just say my friend [Firefly] has purchasing power...
Do you think it would be wise for him to celebrate, to run out in the streets...
during a religious event, wouldn't it be rather sacrilegious for them to even consider? "I'm rich!" Or "I got purchasing power!" during a holy solemn time?
...It sure as heck can happen during Ramadan but I don't want you to think it's going to happen because of Ramadan IMO
FRANK26: "ARE YOU CRAZY, ITS A SCAM, DON'T YOU KNOW THAT LOL!"......F26
National Bank of Iraq wins “Excellence Award” from “Citi Bank” in recognition of its outstanding performance
February 26, 2025
Independent/-
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 it 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 executing financial transactions 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.
Article: "Gold prices will gain another 8% in 2025 to hit $3,100/oz – Goldman Sachs Research"
As this article states that demand from Central Banks pushes the gold price up,
Note that the "Country of Iraq" has purchased 20 tons of gold this year herself..
Why, Central Banks have a very good pulse on things
. It is their job to know how to diversify when need be.
We haven't seen it on the Forex just yet but when you see warning [articles] about the Forex and you see...education that they're putting out...alarm bells should be going up! These guys are really doing something!
OPEC Decides To Increase Iraq's Share Of Oil Production Until The End Of This Year
Tuesday 04 March 2025 | Economic Number of readings: 200 Baghdad / NINA / The OPEC+ alliance countries agreed today, Tuesday, to increase Iraq's share of oil production to reach four million and 110 thousand barrels per day by the end of this year.
The group of eight member countries of the OPEC+ alliance, namely Iraq, Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, called for a review of global market conditions and future expectations.
The alliance countries agreed to renew their commitment to the return of the voluntary
reduced quantities of crude oil production, which were previously announced in April and November 2023, by the beginning of next month.
According to the agreement, Iraq's share for next April will increase by 12 thousand barrels, so that production will be 4.012 million barrels per day, and in May it will increase by 12 thousand barrels as well, so that production will be 4.024 million barrels per day, and in December it will reach 4.110 million barrels per day.
Iraq's share will rise in September and until December 2026 to more than 4.220 million barrels per day.
It is noteworthy that the OPEC+ alliance is implementing an official cut of two million barrels per day, which are scheduled to be extended until the end of next year 2026.
In April 2023, the OPEC+ alliance announced a voluntary cut of 1.65 million barrels per day, which is scheduled to continue until the end of next year, while the alliance announced another cut of 2.2 million barrels per day in November 2023, which will continue until the end of this March. / End https://ninanews.com/Website/News/Details?key=1189940