Bondlady’s Corne – Iraq Economic News and Points to Ponder Monday Afternoon 11-13-23

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Iraq Economic News and Points to Ponder Monday Afternoon 11-13-23

Tlm724 Administrator Bondlady’s Corne

A New Step May Fluctuate The Dollar Exchange Rates.. What Do Economists Think?

 Posted 12 seconds ago    News source /newsroom  News source/ newsroom  Today, Sunday, the economic expert, Abdul Rahman Al-Mashhadani, explained the impact of the approval to enhance the dollar balance of 10 banks on exchange rates in local Iraqi markets, while explaining the repercussions of the decision.    

Al-Mashhadani said, in an interview with the Maalouma Agency, that  “visiting the balance of ten banks in dollars will be one of the factors that will reduce the pressure on the dinar.”

Because a portion of the financial transfers that pass through the electronic platform are rejected for some reason or without,” indicating that

“the past few days have witnessed the rejection of 80% of external transfers.”

 He added,   “The pressure will be eased on the dinar as well; Because the transfer transactions, or the transferees, instead of being audited by the US Federal Bank, will be audited by JP Morgan,” pointing out that “the latter’s scrutiny is more severe than the Federal Reserve Bank.” 

The economic expert explained,   “These banks have relationships, as partners, with international banks such as Al-Qantar National, Capital Bank, and the Kuwait Finance Bank, in addition to the Kuwait National,” noting that

“it is true that these banks are Iraqi, but the entry of the founding partners of these international banks, organized “To them.”  Al-Mashhadani stated,

 “The transfer mechanism will pass without the Central Bank of Iraq, especially after transfers were delayed by 8-20 days.

However, using this method, it is possible to pass financial transfers within a day or two.”

Earlier today, a government source revealed an Iraqi-American agreement to enhance the balance of 10 banks in dollars in light of the recent meetings of the Central Bank with the American side, five of which were through Citibank, and the other five through JP Morgan.

During the current period, the exchange rates of the dollar in the local markets are witnessing a significant increase, as the exchange rate of 100 dollars reached more than 164 thousand dinars, in light of large sales to the Central Bank of Iraq, on a daily basis.    https://iraqakhbar.com/4105470

Telecommunications Announces The Launch Of The Smart Savings Card Project In Iraq

 Money  and business   Economy News – Baghdad  The Ministry of Communications announced, on Monday, the launch of the smart savings card project instead of paper savings books, in cooperation with the international smart card company (Key Card), through post offices spread across Baghdad and all governorates.

A statement from the ministry, seen by Al-Iqtisad News, stated,

“The project includes converting the paper mail book to the electronic system, automating postal services, and issuing a smart card.

Therefore, the General Post and Savings Company calls on customers who own savings accounts to visit the following post offices (Baghdad Post Office in Al-Salihiya). – Al-Intisar Post Office in Al-I’lam District – Al-Hurriya Post Office in Al-Hurriya City – Aden Post Office in Aden Square – Al-Dora Post Office in Al-Dora – Al-Rashid Post Office in Al-Sinak Dalat – Al-Dobat Post Office in Zayouna – New Baghdad Post Office in the New Baghdad District- July 14 Post Office in Talbieh – Palestine Post Office on Palestine Street) to replace their notebooks with the new savings card, bringing with them identification documents to update their personal data, and switch to electronic dealings and enjoy postal services using the latest international technologies.”

 The Ministry would like to “notify the savings subscribers of the General Postal and Savings Company that it will announce the remaining 266 post offices successively.”

 Views 24    11/13/2023 – 9:35 PM  https://economy-news.net/content.php?id=37509

Granting A Main Agency To Exchange Companies Under Categories (A And B)

November 12, 2023

 Exchange companies under categories (A and B) are kindly requested to contact the contact points below for the purpose of obtaining the main agency for your companies.

  1. Western Union

  [email protected]

  2. Money Gram

  Bahar D. Sahajwalla Tell: 202-3656763       Email: [email protected]

 3. Union pay

 Haider Ali Raza Tell: 971 507 581469       Email: [email protected]

 We hope that you will inform us of your procedures, what has been achieved, and our readiness to provide support in the advanced stages of submitting applications. https://cbi.iq/news/view/2466

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/

 Provoking Points to Ponder on FEAR for Living the Bold Life by Tess Marshall

25. Men go to far greater lengths to avoid what they fear than to obtain what they desire. ~ Dan Brown

26. A man that flies from his fear may find that he has only taken a short cut to meet it. ~ J.R.R. Tolkien

27. Without fear there cannot be courage. ~ Christopher Paolini

28. I must say a word about fear. It is life’s only true opponent. Only fear can defeat life. It is a clever, treacherous adversary, how well I know. It has no decency, respects no law or convention, shows no mercy. It goes for your weakest spot, which it finds with unnerving ease. It begins in your mind, always … so you must fight hard to express it.

You must fight hard to shine the light of words upon it. Because if you don’t, if your fear becomes a wordless darkness that you avoid, perhaps even manage to forget, you open yourself to further attacks of fear because you never truly fought the opponent who defeated you. ~ Yann Martel

29. The light of a new day always chases the shadows of the night away, and shows us that the shape of our fear is only the ghost of our own minds. ~ Terry Goodkind

30. People are supposed to fear the unknown, but ignorance is bliss when knowledge is so damn frightening. ~ Laurell K. Hamilton

31. Here is the world. Beautiful and terrible things will happen. Don’t be afraid. ~ Frederick Buechner

32. Fear doesn’t shut you down; it wakes you up. ~ Veronica Roth

33. Keep your fears to yourself, but share your courage with others. ~ Robert Louis Stevenson

34. Our greatest fear should not be of failure but of succeeding at things in life that don’t really matter. ~ Francis Chan