Article: "The start of drawing liquidity from the hands or Iraqi's" Iraq is getting money outside of the bank, into the bank...They've gotten off the street upwards of 8 trillion dinar
. That's a lot of dinar...Reducing the note count is the direction which is where they're headed...If you reduce the note count, purchasing power comes with it...
They're going to pay salaries and they're going to start pumping oil. They're going to have to have some sort of value in those assets and what we believe is that we're looking for is a real effective exchange rate...
They are ready to resume exports at any time. Why? Because they have the systems in place. Iraq's natural resources are phenomenal...these guys have so much natural resources it's not even funny.
Expert: The Volume Of Loans Is Approaching The Stage Of Danger, And The Sudanese Must Find Quick Solutions
Economy | 04/06/2024 Mawazine News – Baghdad Crisis affairs expert Ali Jabbar confirmed that there are huge corruption operations within state institutions in planning, construction, and managing state revenues.
Jabbar said, in a televised interview followed by Mawazine News, that “the latest report of the International Monetary Fund stated that there is corruption in planning, construction, and the proper management of state revenues, stressing that there is huge waste and corruption operations within state institutions.”
He added, "Planning for service projects and projects to relieve bottlenecks in Iraq may not be compatible with the budget drowned in debt, indicating that the volume of loans is approaching the danger stage and the government of Muhammad Shiaa Al-Sudani must find quick solutions."
He pointed out that "if the current government or the next government wants to succeed in overcoming this crisis, it must adopt a single strategy, which is to assign individuals with investment minds and knowledge in the field of investment to get out of this crisis." https://www.mawazin.net/Details.aspx?jimare=245430
Private Banking vs. Wealth Management: What's the Difference?
Wealth management is a broader category that involves dealing with the optimization of a client's portfolio, taking into account their aversion to, or comfort with, risk, and investing financial assets according to their plans and goals. Wealth management can be practiced on a portfolio of any size, though, as the name implies, it is geared toward the well-off.
Private banking, by comparison, typically refers to an envelope solution for high-net-worth individuals (HNWIs) wherein a public or private financial institution employs staff members to offer high-net-worth clients personalized care and management of their finances .
The clock is ticking: the imminent launch of USTN triggers a wave of massive redemption of Zim bonds! The beginning of R&R awaits you!
The countdown has begun and the stakes couldn't be higher.
In the coming days, a seismic shift is expected to ripple through the entire financial system, a move so bold, so unprecedented, that it threatens to reshape the economic landscape of the United States, and perhaps even the world.
At the center of this monumental transition is the launch of the USN – USTN, the new United States monetary system, which will be implemented between March 14 and 15.
This is not just a routine adjustment of monetary policy; It is a complete overhaul, a reinvention of the exchange rate as we know it.
"A Good Investment"... What Is The Goal Of The Iraqi Central Bank In Issuing Financial Bonds With High Annual Interest?
Economy News – Baghdad With inflation rates in Iraq currently reaching 5.5%, and expectations that it will reach 6% by the end of the year, the Central Bank announced the launch of financial bonds with the highest annual interest, at 8.5%, as well as for deposits in the private banking sector.
According to economic expert Manar Al-Obaidi, in a post on his page on the Facebook platform, the aim of these bonds is to attract and encourage capital outside the banking system through high interest rates to enter the banking sector, adding that the annual interest rate announced by the Central Bank is encouraging to the investor and depositors, due to its high content. , which is considered a good return on investment compared to its lack of risk.
Al-Obaidi stressed that these bonds are guaranteed by sovereign guarantees of a country that currently has sufficient money reserves, and therefore the risk rate of these bonds is zero and non-existent, and they are purchased through the Iraq Stock Exchange and through market intermediaries.
Al-Obeidi encouraged buying these bonds and selling them in the future at a higher price, meaning that the investment should not only be in the deposit interest but also in the price of the bond itself.
In his publication, Al-Obaidi touched on “depositing money in the private banking sector,” explaining that there are 4 to 5 private banks that own the largest share of the market and their financial data, and are considered very excellent and achieve great control in the Iraqi market.
The decision to choose the bank to place deposits depends on the annual interest rate and method. Benefiting from the interest, how to break the deposit, as well as the financial statements of the bank and the extent of its presence and spread in Iraq.
Al-Obaidi concluded his post by “emphasizing that the success of investment depends on two factors: the first is the amount of profit, and the second is the amount of risk, and only the owner of the money can decide the amount of risk to be taken in exchange for the profit rate,” stressing that investing in bonds and deposits is a good solution for those who do not He wants to intervene in the field of investment and its challenges.” 4/06/2024 - https://economy-news.net/content.php?id=42238
