Tuesday, April 15, 2025
Rafidain Bank announces the disbursement of interest on the first issue of "Emaar Bonds.", 15 APRIL
Rafidain Bank announces the disbursement of interest on the first issue of "Emaar Bonds."
Rafidain Bank announced on Sunday the commencement of disbursing the first-year interest on the first issuance of Emaar bonds, stressing that the disbursement process is being conducted in an organized and smooth manner to ensure speedy completion.
The bank said in a statement, seen by Al-Eqtisad News, that "based on Rafidain Bank's commitment to its pledges towards investors and citizens who support the reconstruction and development process, we are pleased to inform you that the disbursement of the first year's interest on the first issuance of reconstruction bonds will begin on April 9, 2025."
The bank added, "We invite all eligible investors to visit the nearest branch of our bank in Baghdad and the governorates to receive their dues.
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The bank confirmed, according to the statement, that "the disbursement process will be carried out according to an organized and smooth mechanism that ensures speedy completion," adding that "the interest is fully available and has been transferred by the Central Bank of Iraq to our account," calling for "bringing supporting documents or documents related to the bond when visiting to facilitate the procedures."
The statement concluded that "this step comes within the framework of our commitment to providing the best banking services and enhancing confidence in development bonds as a safe and stable investment option link
FIREFLY: CROSS BORDER ELECTRONIC SYSTEM IS DONE, NOW CAN COME THE RV , 15 APRIL
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: Mr Sammy wants you to know the cross border electronic system is complete and this is a key that had to be done prior to any value being added.
It's keeping Iran from stealing from us. As you know Iran is the main reason we are still in a program rate.
However this new electronic system is now in place.
Economist: The US price war aims to cover inflation, not boost the economy, 15 APRIL
Economist: The US price war aims to cover inflation, not boost the economy
Mustafa Hantoush, a researcher and expert in financial and banking affairs, confirmed on Monday that the price war launched by US President Donald Trump aims primarily to cover the inflation rates accumulated in the United States over the past years, and not to boost the US economy as it is being promoted.
Hantoush explained, in a statement to Al-Maalomah, that “the halt of major economies, especially China and Europe, from investing in US Treasury bonds directly contributed to the rise in inflation rates without this being matched by actual growth in the US economy.”
He explained that "the United States relies on printing dollars and covering them through global markets when
its economy is growing, but in the event of a decline in growth, this causes an exacerbation of domestic inflation, which is what the current US administration is trying to address by attracting global companies to the US market."
He pointed out that "current policies aim to stimulate foreign and local capital to enter the US market as a means of reducing inflation, and are not the result of real strength in basic economic indicators." End link
Redemption Centers Are Active
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MARKZ: 🚨 Bond Market Buzz: Funding Reportedly in Place 💼💰
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