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More than 11 thousand loans announced by the Housing Fund via the Ur platform Thursday 25 April 2024 11:35 | EconomicalNumber of readings: 284 Baghdad / NINA / The Housing Fund of the Ministry of Construction, Housing and Public Municipalities announced today, Thursday, the number of transactions accepted electronically via the Ur platform. A statement from the Fund’s media office stated: “The Housing Fund, since the opening of electronic applications on the third of last March until the twenty-fourth of this month, has accepted (11,200) loan transactions in Baghdad and the governorates.” The statement added that “the Fund’s staff continues its diligent work in “Scrutinizing and accepting lending transactions to serve the public interest and facilitating the procedures for citizens to obtain loans,” pointing out that “the procedures are running very smoothly and there is no delay in the process of accepting and completing transactions.” He explained that “opening the acceptance of transactions through the Or electronic platform according to the new mechanism that was previously established.” Under the guidance of the Minister of Construction, Housing and Public Municipalities, two Rikani banks contributed to facilitating the acceptance procedures and ensuring that those eligible for the loans receive loans,” noting that “the amounts necessary to grant loans were allocated to (11,200) transactions that were accepted.” The statement confirmed that “the Fund will open the acceptance of loan transactions.” Another one soon as part of its lending policy to include the largest number of citizens.”/End 3 https://ninanews.com/Website/News/Details?key=1123011

The Bank of Baghdad is moving to increase its capital to 400 billion dinars Bank of Baghdad The Chairman of the Board of Directors of the Bank of Baghdad, Majid Al-Saadi, announced that the meeting of the bank’s general assembly will be held next May 18 in Baghdad. Al-Saadi said that the next general assembly meeting of the Bank of Baghdad will decide to increase the bank’s capital from 300 billion dinars to 400 billion dinars in response to the Central Bank’s decision, and the increase will be free shares. He added that the meeting will also discuss concluding a management agreement between the Jordan Kuwait Bank and the Bank of Baghdad. 298 views Added 04/25/2024 - 10:48 AM https://economy-news.net/content.php?id=42813

Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week Time: 04/26/2024 10:13:36 Read: 1,183 times {Economic: Al-Furat News} Governmental and private banks are preparing to participate tomorrow, Saturday, in Financial Inclusion Week. The electronic payment systems will review banking services for citizens, including advances and loans, and introduce them to the products offered by these banks in a step to enhance financial inclusion. https://alforatnews.iq/news/المصارف-الحكومية-والأهلية-تستعرض-خدماتها-غداً-في-أسبوع-الشمول-المالي#hathalyoum

Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of the banks from dealing in dollars Economy |Today, 14:29 | Baghdad today - Baghdad The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed today, Friday (April 26, 2024), that Iraq is witnessing a clear targeting by depriving half of the banks from dealing in dollars, describing it as a “danger indicator” at the economic level. Al-Handal said, in his speech during the Arab Economic Security Forum, which was organized by the Union of Arab Banks in Beirut and followed by “Baghdad Today,” that “the forum is being held in complex circumstances and geopolitical changes taking place in the region, and the Arab banking sector has begun to be affected, starting with the State of Iraq,” adding. “Iraq is still facing major challenges, at various economic levels, including depriving the Iraqi private banking sector of using the dollar, which has exceeded half the number of banks operating inside the country, which is a very dangerous indicator, despite the efforts of Iraqi governmental and private institutions to comply with laws against money laundering and terrorist financing.” Local and international.” He explained, “For the first time, we are witnessing a clear targeting of the sector, which has begun to affect banking services within the country, undermine citizen confidence, and hinder the expansion of financial inclusion,” stressing that “these challenges facing the banking sector reaffirm the role of the Union of Arab Banks.” International organizations and Arab banks play a prominent role in coordinating positions and confronting dangers together.” Al-Handal pointed out that "this meeting represents an opportunity for cooperation and agreement on a work road map for the future, as targeting the Iraqi banking sector will not stop within its borders, and may expand at any moment to other countries in light of the regional turmoil." He continued, "The Association of Private Banks is working with the Iraqi government, the Central Bank, and some local and international institutions, to save the banking sector, and return banks deprived of dealing in dollars to their activities, but this is not enough, but rather requires continuing cooperation with the Arab and foreign banking sector, because the stage of integrating the sector The Iraqi banker with his Arab counterpart must begin quickly, and we are taking great steps in this direction, especially since Prime Minister Muhammad Shia al-Sudani held dialogues in Washington with the American President and other government officials, who announced in a joint statement the possibility of a group of Iraqi banks returning to dealing in dollars and supporting... The private banking sector. During his speech, Al-Handal appreciated the efforts of the Iraqi government and the Central Bank of Iraq to create deeper understandings with international banks, the Federal Reserve, and the US Treasury to expand the integration of the Iraqi banking sector into the global financial system, in addition to supporting the Iraqi dinar, which led to a gradual rise in its value, pointing out that “Iraq is witnessing... “There has been a great development in the transition to electronic government and the adoption of electronic payment, and this is what leads to the growth of the digital economy, especially since there is a trend within the country to increase the number of electronic banks, to keep pace with technological development and increase performance.” https://baghdadtoday.news/247992-رابطة-المصارف-لأول-مرة-نشهد-استهدافاً-واضحًا-بحرمان-نصف-البنوك-من-التعامل-بالدولار.html

The Association of Private Banks appreciates the efforts of the government and the Central Bank to create understandings with the Treasury, the Federal Bank, and international banks Friday 26 April 2024 Baghdad / NINA / The head of the Iraqi Private Banks Association, Wadih Al-Handal, participated in the Arab Economic Security Forum, which was organized by the Union of Arab Banks in Beirut. Al-Handal said in his speech, “The forum is being held in complex circumstances and geopolitical changes taking place in the region, and the Arab banking sector has begun to be affected, starting with the State of Iraq,” adding that Iraq is still facing major challenges, at various economic levels, including the deprivation of the Iraqi private banking sector. From the use of the dollar, which exceeded half the number of banks operating inside the country, which is a very dangerous indicator, despite the efforts of Iraqi government and private institutions to comply with local and international anti-money laundering and terrorist financing laws, but for the first time we are witnessing a clear targeting of the sector that has begun to affect banking services inside the country, It undermines citizen confidence and hinders the expansion of financial inclusion. He added that these challenges facing the banking sector reaffirm the prominent role played by the Union of Arab Banks, international organizations and Arab banks in coordinating positions and confronting dangers together, noting that our meeting is taking place. "It represents an opportunity for cooperation and agreement on a work roadmap for the future, as targeting the Iraqi banking sector will not stop within its borders, and may expand at any moment to other countries in light of the regional turmoil." Al-Handal pointed out that “the Association of Private Banks is working with the Iraqi government, the Central Bank, and some local and international institutions, to save the banking sector, and return banks deprived of dealing in dollars to their activities, but this is not enough, but rather requires continuing cooperation with the Arab and foreign banking sector, because the stage of merging... The Iraqi banking sector with its Arab counterpart must begin quickly, and we are taking great steps in this direction, especially since Prime Minister Muhammad Shia al-Sudani held dialogues in Washington with the American President and other government officials, who announced in a joint statement the possibility of a group of Iraqi banks returning to dealing. in dollars and support the private banking sector.” Al-Handal appreciated the efforts of the Iraqi government and the Central Bank of Iraq to create deeper understandings with international banks, the Federal Reserve, and the US Treasury to expand the integration of the Iraqi banking sector into the global financial system, in addition to supporting the Iraqi dinar, which led to a gradual rise in its value. He pointed out that Iraq is witnessing great development in the transition to electronic government and the adoption of electronic payment, and this is what leads to the growth of the digital economy, especially since there is a trend within the country to increase the number of electronic banks, to keep pace with technological development and increase performance./End 8 https://ninanews.com/Website/News/Details?key=1123181

Parliament talks about the mechanism for recovering smuggled funds and hints at the next stage Politics |Yesterday, 14:07 | +A-A Baghdad today - Baghdad Today, Thursday (April 25, 2024), the Parliamentary Integrity Committee confirmed that there is ongoing work to recover all Iraqi funds smuggled abroad, while indicating that the next stage will witness the recovery of funds and more fugitives on charges of corruption and others. Committee member Ghareeb Al-Muradli told “Baghdad Today” that “there are real efforts by the Iraqi government in addition to the Federal Integrity Commission to recover Iraqi money smuggled as a result of corruption operations, and this is very possible because of international cooperation in this file.” Al-Muradli stated, "Iraq has good international relations, and through these relations it is able to track its money and follow up on those wanted by it on corruption charges," adding, "For this reason, it was able during the last period to arrest a number of fugitives." He stressed that "the next stage will witness the recovery of funds and more fugitives on charges of corruption and other charges." It is noteworthy that the Parliamentary Integrity Committee commented, Thursday (March 28, 2024), on the activities of the Iraq Assets Recovery Fund and the slowness in recovering that money and some of those accused of fleeing on corruption charges or belonging to the previous regime. Committee member Duraid Jameel told “Baghdad Today” that “there is great and important work for the Iraq Money Recovery Fund and there is a noticeable increase in the activities of this fund,” adding: “But the slowness is not on the part of the Iraqi side, but rather on the part of countries, some of which are procrastinating in Implementing what Iraq demands.” Jamil stated, “There are major legal and technical procedures undertaken by the Iraq Assets Recovery Fund, in order to recover smuggled funds or recover some of the fugitive defendants on corruption charges and others, but the routine procedures by those countries are what delayed the resolution of many of these activities.” A member of the Parliamentary Integrity Committee added, "There is no accurate figure for the sums of money smuggled from Iraq abroad, whether through corruption operations or other funds of the former regime, but there are government efforts being made to recover all that money, and there are practical steps in this regard." Estimates indicate that the funds smuggled abroad amount to approximately $350 billion over the past twenty years, while the Integrity Commission is working to recover some of the funds from other countries or recover the accused, but some countries refuse to recover some of the corruption funds smuggled over the past years because they have entered into the economic cycle or Existing projects in those countries, according to observers https://baghdadtoday.news/247914-البرلمان-يتحدث-عن-الية-استعادة-الأموال-المهربة-ويلمح-الى-المرحلة-المقبلة.html

The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an “important condition” EconomyYesterday, 15:41 | https://baghdadtoday.news/247930-الخيار-الأصعب.-تحذيرات-من-خطورة-تعويم-الدينار-العراقي-دون-تحقيق-شرط-مهم.html Baghdad today - Baghdad Economist Nabil Al-Marsoumi warned today, Thursday (April 25, 2024), of the dangers of floating the Iraqi dinar, noting that such a step could lead to the dinar witnessing a violent collapse and rampant inflation that would jump prices to insane levels. Al-Marsoumi said in a post on the social networking site “Facebook”, followed by “Baghdad Today”, that “some are proposing a solution to address the double price of the dollar against the dinar and the existence of a large gap between the official and parallel prices through a free float of the Iraqi dinar,” indicating, “i.e. Turk.” The dinar is in the market to find its price against foreign currencies through the interaction of the forces of supply and demand. Al-Marsoumi added, “Such a decision has some economic positives,” adding, “But the economy should not be taken in its abstract aspect, but rather insofar as it relates to people, especially the poor.” He continued, "In light of Iraq's lack of a national private sector that could contribute to increasing the supply of dollars in the Iraqi market, and because of the large volume of imports, which reach 67 billion dollars annually, the only party that owns the dollar is the government," explaining that "in the event that the government decides not to intervene." In the exchange market, it is expected that the dinar will witness a violent collapse and rampant inflation that will cause prices to rise to insane levels that will cause severe damage to citizens’ living standards, and the poor will become more miserable, and will later lead to social tensions and a major rift in the social peace.” It is noteworthy that the floating exchange rate or currency float is the currency exchange rate that has been floated so that it has become completely liberalized, so the government or the central bank does not interfere in determining it directly, but rather it is released automatically in the currency market through the supply and demand mechanism that allows the price to be determined. Exchange the national currency against foreign currencies. It is worth noting that the price of the dollar in the local markets is still experiencing a state of instability between rises and falls, even though the official price in the Central Bank of Iraq is 132,000 dinars per 100 dollars, but in the local markets it is witnessing an increase of more than ten points and may at times reach double this. The number is despite the numerous measures and packages launched by the Central Bank of Iraq, where some attribute that the reason for this confusion in prices is the result of smuggling operations and speculation in the black market for currency

I heard mid summer at the earliest for them to be in the WTO.

they put up a new website a few months ago but no info for quite awhile now. I do believe there are several threads on this forum about getting stocks from warka to another broker...al karmal sounds familiar but you need to search through posts on the forum for the info

That's like 4billion+ $ ...from wheat 🌾? Dayumn

Mega millions 04/26/24 18 37 38 49 52 MB 22 Powerball 04/27/24 01 10 17 59 61 PB 11

iraq dumped usd in country so they are free....

wasnt may 9th on the calendar?

1005 auctions enable iran to get usd from corrupt banks and companies (biden/obama) will want this , TRUMP the CIC will want global integration because its easy to control flow of usd to other countries and block transactions! If what they say is Correct about TRUMP being CIC and in charge of the Treasury under war powers act and various articles then he will want it! just my thoughts really and could be completly wrong!

Is it possible to recover any stock holdings purchased through Warka? Has anyone had any luck?

all he needs is a brain!

MegaMillion #'s for 4/26 - 20 21 43 54 64 MB 05 PowerBall #'s for 4/27 TexasGranny 04 05 07 17 19 PB 03 Jetman 20 35 46 49 60 PB 19 babycakes61 08 13 16 39 50 PB 25

MM 04/26/24 25 32 37 45 70 MB 18 PB 04/27/24 03 21 26 27 61 PB 20

Thanks Brandon photojoe.....it's a downright honor to oblige you! 😅

My thought is that this current Obiden / DS administration will and has done anything in the PAST to slip Iran large sums of money, right under our nose AND behind our backs. They would like nothing better than to support Iran's evil on a huge scale. On the other hand......These same people would prefer all us common DEPLORABLES to have NO windfall monetary gain, which of coarse ALSO equals power.

thanks for the reply's , guess these guys are not in business ... letsroll we wait