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Found 13 results

  1. Here's some articles of Dinarian interests... Direct from The SANDBOX Report. ISX Trading: A New High. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: ISX Reports +$2M In Weekly Trading. ARTICLE: The Iraq Stock Exchange (ISX) announced on Wednesday that its trading volume for the past week exceeded 3 Billion Dinars (about $2M). According to a weekly report, investors traded shares across 64 companies. Shares of 30 firms saw no activity due to unmatched buy & sell orders, while 10 companies remained suspended for failing to submit required disclosures, out of 104 listed firms. The exchange recorded 2.84B contracts worth 3.82B Dinars (over $2.5M), reflecting a 40% decline in volume and a 42% drop in value compared to the previous week. The ISX60 index closed at 961.81 points, down 0.21% from the prior session. Foreign investors purchased 201M shares worth 469M dinars ($331K) through 70 deals, while selling 119M shares valued at 268M Dinars ($189K) in 91 deals. The Iraq Stock Exchange holds five sessions per week, from Sunday to Thursday & includes 104 listed companies across the banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotel & service sectors. IBS-Ports Summit Launches At Grand Faw Port To Solidify Iraq’s Strategic Trade Vision. ARTICLE: The IBS-Ports 2025 Summit officially launched today, Wednesday (October 8, 2025), from the Grand Faw Port in Basra Governorate. The summit, organized by the Iraqi Company for Ports with its partner, A’amal Company, is being held under the theme “Al-Faw is an Opportunity,” with a focus on major projects linked to Iraq’s future economy. Farhan Al-Fartousi, the Director General of the General Company for Ports of Iraq, stated that the summit embodies the government’s vision to establish Iraq as a key hub in global trade movement. He affirmed that the Development Road project serves as the “backbone” of this vision, connecting the Grand Faw Port to the Faysh Khabur border via dual rail & road corridors extending 1,200 kilometers. Al-Fartousi noted that progress is advanced, with the rail line reaching 83% completion & the road line at 68%, while designs from the Italian consulting firm are being finalized. The Grand Faw Port itself forms the core of these projects, ready with massive operational capabilities. It features five modern docks, the world’s longest breakwater, an immersed tunnel linking road networks across the navigational channel & container yards equipped with advanced digital operating systems to ensure swift cargo handling & reduced transport costs. Iraqi Judicial Institute Wins 2nd Place Among 23 Arab Nations For Training Excellence. ARTICLE: The Iraqi Judicial Institute achieved a significant regional honor today, Wednesday (October 8, 2025), securing 2nd place among 23 judicial institutes in the Arab world. The Institute was recognized during the “Arab Judicial Training Excellence Shield” competition. According to a statement from the Iraqi judiciary, the award was granted for the Institute’s active participation & commitment to developing its judicial training system. The ceremony took place during the 33rd meeting of the Deans and Directors of Arab Judicial Institutes, which was convened at the Arab League headquarters in Cairo, Egypt. Judge Jalil Adnan, the director of the Institute, represented Iraq at the meeting. This achievement underscores the Institute’s continuous efforts to raise the competency of programs for preparing & qualifying judges & public prosecution members. The recognition confirms the Institute’s success in enhancing cooperation & exchanging expertise with its counterparts across the Arab world. UN: Iraq Has Achieved A Qualitative Leap In Water Management. ARTICLE: The Food & Agriculture Organization of the United Nations (FAO) in Iraq confirmed on Tuesday that the Iraqi government has achieved a qualitative leap in water management following the Basra Climate Conference, while noting that it has provided significant support for the adoption of modern irrigation technologies. The organization’s representative, Salah Al-Haj Hassan, told the Iraqi News Agency (INA): “The issue of water is essential and strategic, as it addresses many points related to bilateral relations between Iraq & neighboring countries.” He added, “What concerns us in this area is the technical aspect associated with working with the government’s working team through the relevant ministries, whether the Ministry of Water Resources, the Ministry of Agriculture, the Ministry of Environment, or other relevant ministries.” He continued, “The work is focused on introducing & raising the efficiency of water use using modern technologies,” noting that “the Iraqi government has provided significant support for the adoption of modern irrigation technologies.” He pointed out that “this represents a qualitative shift, coming after the climate conference held in Basra, under the patronage of the PM,” stressing that “what we are observing in terms of the sustained monitoring of everything related to climate, climate change & its impact is a positive sign that confirms the seriousness of official bodies in giving this issue sufficient importance.” Crude Gains After OPEC+ Opts For Modest Production Increase. ARTICLE: Oil prices rose on Wednesday as investors brushed off oversupply fears, having digested a decision earlier by OPEC+ to restrain production increases next month. Brent crude futures rose 48 cents, or 0.7%, to $65.93 a barrel by 0400 GMT. U.S. West Texas Intermediate crude climbed 51 cents, or 0.8%, to $62.24. The benchmarks settled broadly flat in the previous session as investors weighed signs of a supply glut against a smaller-than-expected increase to November output from the Organization of the Petroleum Exporting Countries & affiliates. “The market is in price limbo, with one side bent towards a possible supply glut and the other believing the ramp-up will not be as fast as anticipated,” said Emril Jamil, a senior analyst at LSEG Oil Research. Prices are trading higher for now as some traders are holding long positions, or bets that prices will rise, on continued efforts to curb Russian crude flows, Jamil added. Dollar Prices Inch Up In Baghdad, Erbil. ARTICLE: On Wednesday, the exchange rates оf the US dollar rose against the Iraqi Dinar in Baghdad and Erbil markets. According to a survey by Shafaq News Agency, the dollar’s rates increased with the opening оf the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad, settling at 141,600 Dinars for every 100 Dollars, up from 141,550 on Tuesday. The selling and buying rates at currency exchange stores in Baghdad were set at 142,500 IQD & 140,500 IQD per 100 USD, respectively. Erbil’s selling price reached 141,300 Dinars for every 100 Dollars & the buying price was 141,200.
  2. Here's some articles of Dinarian interests... Direct From The SANDBOX Report. ISX: Trading Volume Exceeded 11 Billion Dinars During Five Trading Sessions In The 3rd Week. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: The Iraqi Dinar Regains Its Strength Against The Dollar. ARTICLE: The ER of the Dollar against the Dinar decreased, Thursday evening, in Baghdad & the Kurdistan Region. The ER in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad reached 144,600 Dinars for every 100 Dollars. This morning, the Dollar recorded 145,200 Dinars. In the local markets in Baghdad, the selling price reached 145,500 Dinars for every 100 Dollars & the purchase price was 143,500 Dinars. In Erbil, the Dollar price also decreased, with the selling price reaching 145,200 Dinars for every 100 Dollars & the purchase price reaching 145,100 Dinars for every 100 Dollars. The MOF Announces The Launch Of The 3rd Issue Of Nat'l Bonds For Public Subscription, A Value Exceeding 2 Trillion Dinars. The Ministry of Finance announced on Thursday the launch of the 3rd issue of national bonds for public subscription, valued at more than 2 trillion Dinars. The Ministry's media office stated in a statement, seen by Al-Eqtisad News, that "the Ministry of Finance, represented by the Public Debt Department and in cooperation with the CBI, announces the offering of the 3rd issue of national bonds for public subscription with a total value of (2,262,942,000,000) trillion Iraqi Dinars." She Explained That The Categories Of Bonds Offered Are: * 500,000 Iraqi dinar bond. 8% annual return paid every six months for two years. * 1,000,000 Iraqi dinar bond. 10% annual return paid every six months for four years. The subscription period starts on April 20, 2025 & ends on May 20, 2025. She Pointed Out That "The Subscription Method: Submit purchase requests at branches of banks authorized by the CBI. Attach the required identification documents. Transfer the amount via RTGS on the subscription day. A temporary receipt will be issued until the bond is prepared & delivered later," she said, calling on citizens, investors & companies to "participate in this issue to benefit from fixed returns & a government guarantee." ISX: Trading Volume Exceeded 11 Billion Dinars During Five Trading Sessions In The 3rd Week Of This Month. The Iraq Stock Exchange announced today that it traded shares worth more than 11 billion Dinars during five trading sessions in the 3d week of April. According to financial market indicators, the number of traded shares during this week amounted to more than 6 billion shares with a trading value of more than 11 billion Dinars. The ISX60 market trading index closed for the first session of the week at (1060.86) points, while the index closed at the end of the week at (1046.17) points, achieving a decrease of (1.40%) compared to its closing at the beginning of the session. The ISX15 market trading index closed for the 1st session of the week at (1116.50) points, while the index closed at the end of the week at (1101.48) points, achieving a decrease of (1.36%) compared to its closing at the beginning of the session. During the week, the market executed (4387) buy & sell contracts on the shares of companies listed on the market. Government Activity & The Establishment Of Development Through The Pioneering Sector. The recent economic climate has witnessed a clear evolution in the crystallization of the state's developmental role, in the movement of correction towards construction & reconstruction, especially in important structural aspects in the services sector & the employment sector & focused steps to adjust the development path with the aim of revitalizing what was frozen in the previous government & completing stalled projects. Perhaps the important question at this stage is about which development directions the current government should take in order to advance the correction & development process to its sustainable goal? And in which sector should it begin? There are many development approaches addressed by theories of economic development that are feasible, but they may clash with the Iraqi economic reality, which suffers from a structural imbalance in production & demand. Therefore, the macroeconomic policy maker must start with what is possible & work to correct the sources of that possibility. In other words, development in the Iraqi economic reality must proceed from the following two axes: First: Dealing scientifically with the economic reality and its distortions by entering into a thorny network of economic relationships that can lead to correcting the structural imbalance. These relationships are described as long-term & require a long period of time that includes the recovery of all agricultural, industrial, commercial, monetary, financial & other sectors. They assume a high degree of sector integration and high flexibility of the marginal substitution rate between the factors of production in its various sectors, in light of a complete reduction of the total cost functions. This requires significant financial, material & human capabilities to diversify the structure of the economy & correct what has been distorted by decades of incorrect development policies & neglect, as this goal requires a long time to achieve or begin its path. Second: Dealing realistically with the problematic data of the economic structure through planning for comprehensive development in the leading sector, namely the oil sector, starting from it to correct the distortion in the oil industry, through vertical concentration in the activities of the oil industry, including extractive, refining & petrochemicals. This sector is the leading sector in enabling the development process through its forward and backward connections with other sectors & activities of the national economy. The second approach is distinguished by its utmost importance in taking a strategic step to deepen the impact of the leading sector, as it enjoys material & financial returns that fall within the short-term limits, which express the effectiveness of the overall policy in the macroeconomics. The proposed approach of effective management of oil rents aims to achieve the correct combination of industrial interconnections between the rentier sector & other sectors to eliminate the displacement effect of rentier activity on other economic sectors & to enhance the economic role of these sectors by linking them to the aforementioned sector, given its impact in directing government spending towards investment in infrastructure, social, health & education systems necessary for the development process. The experiences of rentier states similar to the Iraqi economy indicate that they have adopted a development approach in which annual budget items must be organically linked to the financial allocations of the General Budget over the short, medium & long terms. This is in addition to establishing a sovereign fund to invest oil surpluses sustainably in productive projects that generate material & social returns. Now that the state has regained its ability to manage its resources & entered into many strategic projects with multiple economic links, it is possible to establish a governmental development axis capable of benefiting from the sustainable financial management mechanisms of the leading sector through a development approach that can be followed to achieve real results: It is represented by launching development from the leading sector that has the absolute advantage in contributing to the gross domestic product, as it is likely that development will extend through this sector vertically & horizontally to & from the rest of its parts & with the various sectors contributing to the chain of exchange of outputs and inputs & focusing development activity on many sectors with organic horizontal interconnections that are likely to be of great importance to the development process in order to direct financing & investment activity towards its optimal function. Therefore, I see the possibility of the government taking this development direction by planning for the oil sector & developing it vertically through planning for related internal activities such as the transformational industries in many economic sectors such as the construction & building sector & the electricity services sector, which are related to domestic consumer demand & would reduce the volume of imports. On the one hand, on the other hand, the government must draw up a development plan to attract activities from weak sectors to achieve consistency in sectoral growth to raise their contribution to the GDP. To enhance the proposed approach, a protective trade policy must be adopted that works to develop domestic demand for many industries branching off from the leading sector with organic links & raise the levels of the GDP. Rashid Bank Disburses Interest On National Bonds To Beneficiaries. Rashid Bank announced today, Thursday, the payment of semi-annual interest on national government bonds to their beneficiaries. This is part of its full commitment to the specified timetable & to enhance investor & citizen confidence in the Iraqi financial & banking system. The bank's media outlet stated in a statement that this step comes within the framework of its ongoing support for the Ministry of Finance's efforts to stimulate local financial market & encourage citizens to invest in government debt instruments with attractive returns & limited risks. The bank also invited citizens interested in investing in government bonds to visit its branches across Baghdad & the governorates to take advantage of the opportunities that provide a steady & secure income. He pointed out that the interest payment process was carried out according to approved mechanisms & in line with the instructions issued by the CBI.
  3. Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -ISX Witnesses More Than 1.3 Billion Shares Traded. -Planning Ministry & Germany Discussing Enterprises In Iraq. -Parliamentary Finance Committee Calls For Activating Tax Collection. -Iraq Participates In Int'l Debt Management Conference. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: The Iraqi Market Is Witnessing Remarkable Activity With More Than 1.3 Billion Shares Traded. ARTICLE: Stock Exchange Economy News – Baghdad The Iraq Stock Exchange witnessed remarkable activity in trading volume today, with the number of traded shares reaching more than 1.3 billion shares. The value of shares traded during today's session exceeded 2.4 billion Iraqi Dnars. According to market data, the number of listed deals reached 684, reflecting the vitality of trading & investor activity in the market. -Planning Ministry Is Discussing With The German Development Bank & The Int'l Organization For Migration The Mechanisms Of The Program To Support Small & Medium Enterprises In Iraq. The Ministry of Planning discussed with the German Development Bank & the Int'l Organization for Migration the mechanisms of the program to support small & medium enterprises in Iraq. The ministry explained in a statement: "The ministry held a meeting today, Tuesday, in the presence of representatives of the German Development Bank & the Int'l Organization for Migration, as well as the Ministry of Labor and Social Affairs, to discuss the mechanisms of the program to support small & medium enterprises, which is implemented in Iraq by the Int'l Organization for Migration. Director General of the International Cooperation Department, Saher Abdul-Kazem Mahdi, said according to the statement: "This program is being implemented in Iraq in several phases by the Int'l Organization for Migration, which targets all Iraqi governorates in five main sectors, including youth projects, women, creativity, renewable energy & agriculture." He added that the program aims to achieve development at the economic & social levels, indicating that the program supports groups wishing to work and develop their businesses, in partnership with the UN & the German side. -The Parliamentary Finance Committee Calls For Activating Tax Collection & Adopting Privatization To Boost Revenues. The Parliamentary Finance Committee stressed, on Tuesday, the need to activate tax collection mechanisms, stressing that this file remains weak despite the multiple financial resources that could contribute to supporting state revenues. The committee also urged the activation of privatization as a primary option to boost revenues & reduce operational burdens on the government. Committee member Jamal Kocher explained in a statement to the official agency that tax collection is a basic resource for the economies of countries, but in Iraq it still suffers from weak collection. He stressed the need to develop a comprehensive government program that guarantees the full collection of tax, while searching for new alternatives away from traditional mechanisms. Koger also pointed out that several factors must be considered, including establishing a clear government program for tax collection, exploring alternatives to traditional mechanisms & providing incentives for both tax collectors & those responsible for paying them. He emphasized that privatization represents the optimal solution to ensure full tax collection. He added that privatization will help the government reduce the burdens associated with hiring & lower operating expenses, noting that the practical implementation of these mechanisms could yield significant positive returns. He emphasized that the size of the expected revenues from these reforms will depend on the mechanism implemented by the government, explaining that the move toward privatization will boost state revenues & reduce its financial burdens. -With Iraq's Participation, The Int'l Debt Management Conference Resumes In Geneva. The 14th session of the International Debt Management Conference, organized by the UN Conference on Trade & Development (UNCTAD), resumed in Geneva from March 17 to 19, 2025, with the participation of Finance Minister Taif Sami. The meetings included a number of important topics, most notably (governance, accountability & transparency in the world of financial constraints), as well as (the relationship between debt & climate: innovative debt tools for managing financial risks). The meetings also included the theme (Enhancing Debt Transparency: Reconsidering Reporting & Ensuring Standards in addition to the theme (Strategies for Managing Institutional Challenges to Establish a Sustainable Debt Management Office.
  4. Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -Rafidian Bank Goes On The Electronic Q System. -We Have Indicated a Clear Renaissance In Our Nat'l Industries. -Iraq Stock Exchange: Traded Shares Worth More Than 9 Billion Dinars. -Oil Prices Fall As US Crude Inventories Rise. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Rafidain Bank Enhances The Efficiency Of Its Services By Expanding The Application Of The Electronic Q System. ARTICLE: Rafidain Bank announced the expansion of the application of the electronic Q System to manage & organize customer waiting, to include more than 27 branches in Baghdad & the governorates, with a gradual plan to generalize it to other branches later. The bank stated in a statement: "This trend reflects the bank's commitment to adopting the latest banking technologies to ensure the provision of more efficient & faster services, as the system provides an advanced mechanism to organize the movement of customers within the branches, reduce waiting periods & determine the order of customers according to service priority, with an accurate time estimate for completing transactions. He added: "This development comes within the bank's vision to enhance digital transformation & raise the level of customer satisfaction, by providing innovative solutions that contribute to improving the efficiency of banking operations & providing a smoother & more accurate experience. -Financial Supervision: We Have Indicated A Clear Renaissance In Our Nat'l Industries. The Federal Board of Financial Supervision indicated the presence of signs of progress in the national industrial reality during recent years & while the Board indicated that Iraq relies in its federal budgets on the revenues of its oil exports to a large extent, it called for the implementation and activation of the consumer protection & local product laws to advance it. The Assistant Director General of the Industrial Activity Audit Department at the Bureau, Dr. Iyad Aziz Saleh, said in an interview with "Al-Sabah", followed by "Al-Eqtisad News", that "the industrial sector in Iraq is one of the most prominent components of the non-oil economy & strategies have been adopted to encourage & enhance investment, which were set by the Investment Law of 2006 (amended) in order to raise the efficiency of the performance of industrial companies that aim to produce & market manufactured products according to approved specifications for each product to meet local needs," Noting that "there are standard products to meet the needs of the consumer such as (cement, dairy, soap and oils) & non-standard products that are produced according to demand such as the manufacture of electric generators of various capacities & voltage transformers, which are equipped only according to the needs of the Ministry of Electricity." He added, "Some companies have obtained a certificate from the int'l ISO organization, which is an independent body. These specifications are a series of frameworks that help the department manage its business effectively & confirm and guarantee the quality of products such as Iraqi cement & food products." dilapidated production lines. Saleh explained that “the majority of industrial companies in the country operate at low capacity due to the old machines, equipment & production lines, as most of them date back to the seventies & eighties of the last century, as they operate with old technology that does not keep pace with the progress achieved in the industrial sector, as well as the inability of the national grid to supply many factories with electrical power & the openness of the local market to imported products, which had an impact on the lack of competition of national products in market prices & quality.” He stressed that "the Ministry of Industry and Minerals has adopted a plan to rehabilitate & develop most companies through partnership contracts with the private sector, based on the Public Companies Law No. (22) of 1997 (amended), which regulates the work of state-owned public companies in partnership or partnership with a foreign company to implement work within its activities inside Iraq, relying on the legal basis of partnership contracts within the aforementioned law, which gave companies the right to participate with Arab & foreign companies & institutions to implement work related to the company's objectives inside Iraq. As well as relying on the Investment Law No. (13) of 2006 (amended), including public sector projects contracted to rehabilitate or operate with the private & mixed sector with all the advantages and guarantees included in the aforementioned law & the law applies to projects that were contracted before the enforcement of this law." Merger Of Companies: He continued, "The Ministry of Industry worked on merging companies based on Cabinet Resolution No. (360) of 2015, but most of these companies were exposed to problems & obstacles as a result of not completing their merger procedures, such as the General Company for Design & Implementation of Projects, which was established as a result of the government reform plan after the merger of three previous companies, which suffers from not completing the legal procedures for the merger, which led to the absence of final accounts certified by the Federal Financial Supervision Bureau for the merged companies, which stipulated in the merger resolution that the rights & obligations of the three companies be transferred to the parent company." He explained that “the termination of contracts for companies is done through the legal department in them & taking measures according to the terms of the contract against the defaulting companies & there may be an extension of the contract period to give an opportunity to complete the implementation of the contract or terminate it,” noting that “the regulatory bodies present in the government departments audit the concluded contracts & implement them according to the plan of the Bureau & record the regulatory observations regarding them & the extent of compliance with the terms of the contracts & other laws related to them.” Protection laws: Saleh called for "activating the Iraqi Products Protection Law No. (11) of 2010 (amended) after the changes that occurred in the Iraqi economy & opening markets to global trade and flooding local markets with foreign products similar to local production at a lower price, which led to hindering the establishment of a local industry & the loss of fair competition." He stressed that "Iraq today is in dire need of activating customs tariff laws, as it relies in its federal budgets on oil export revenues by approximately (90 percent) & Consumer Protection Law No. (181) of 2018 must be activated as it is one of the regulations designed to guarantee consumer rights, fair trade & competition, which was designed to prevent acts related to fraud or unfair practices to obtain more advantages over other competitors & also provides additional protection for the most vulnerable groups in society." Aziz expressed his hope to protect the local product "in a way that guarantees support & protection of industrial projects & their ability to compete with industries in neighboring countries." -Iraq Stock Exchange: Traded Shares Worth More Than 9 Billion Dinars. The Iraq Stock Exchange announced today that the value of traded shares amounted to more than 9 billion Dinars in five sessions organized during the 3rd week of February. According to the weekly trading indicators of the market, these sessions were organized from Sunday until Thursday of the current week, which is about to end & with which the market closes its doors until Sunday of next week. The number of traded shares during this week amounted to more than 8 billion shares with a financial value exceeding 9 billion Dinars. The ISX60 market trading index closed for the first session of the week at (1065.06) points, while the index closed at the end of the week at (1056.79) points, achieving a decrease of (0.78%) from its closing at the beginning of the session. The ISX15 market trading index closed for the first session of the week at (1150.68) points, while the index closed at the end of the week at (1137.97) points, achieving a decrease of (1.12%) from its closing at the beginning of the session. During the week, (3536) purchase and sale contracts were executed on the shares of companies listed on the market. -Oil Prices Fall As US Crude Inventories Rise. Oil prices fell "slightly" on Thursday after an industry report showed a build in U.S. crude inventories & as tariff concerns weighed on sentiment, reversing gains made in the previous session on worries about supply disruptions from Russia. Brent crude futures were down 22 cents, or 0.29 percent, at $75.82 a barrel by 01:35 GMT. U.S. West Texas Intermediate crude fell 30 cents, or 0.42 percent, to $71.95 a barrel. In addition to rising U.S. inventories, the Trump administration’s announced tariffs on imports could weigh on oil prices by raising the cost of consumer goods, weakening the global economy & reducing demand for fuel. Concerns about European & Chinese demand have also helped keep prices in check. But concerns about other oil supply flows limited losses. Russia said oil flows through the Caspian Sea pipeline, a major route for crude exports from Kazakhstan, fell by 30% to 40% on Tuesday after a drone attack in Ukraine on a pumping station. U.S. crude inventories rose by 3.34 million barrels last week, market sources said on Wednesday, citing data from the American Petroleum Institute. Gasoline stocks rose by 2.83 million barrels, while distillate inventories fell by 2.69 million barrels, the sources added.
  5. Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -The Dollar Rises Again In The Iraqi Markets With The Closing Of ISX. -Gold Prices Stabilize In Baghdad. -Oil Prices Fall As Dollar Rises. -ISX Witnesses A 9% Increase During The First Hours. -ISX Lists Third Issue Of Injaz Bonds For Trading. -Government Communication Announces The Start Of Monitoring The Electronic Payment System (POS) In Pharmacies. -Al-Mashhadani Discusses Developments In The Region With The US Chargé d'Affaires. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: The Dollar Rises Again In The Iraqi Markets With The Closing Of ISX. ARTICLE: The USD prices witnessed a slight increase today, Tuesday, in the markets of the capital Baghdad & Erbil, the capital of the Kurdistan Region, with the closure of the main stock exchange in the country. The Dollar prices rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 151,000 Dinars per 100 Dollars, compared to 150,900 Dinars this morning. As for the selling prices in the local exchange markets in Baghdad, they stabilized, as the selling price reached 152,000 Dinars per 100 Dollars, while the purchase price reached 150,000 Dinars per 100 Dollars. In Erbil, the Dollar also recorded a slight increase, as the selling price reached 150,800 Dinars per 100 Dollars, while the purchase price reached 150,700 Dinars per 100 USD. -Gold Prices Stabilize In Baghdad. The prices of "foreign & Iraqi" gold stabilized in the local markets in the capital, Baghdad, today, Tuesday. Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish & European gold of 556 thousand Dinars & a purchase price of 552 thousand Dinars. The selling price of one mithqal of 21-karat Iraqi gold reached 526 thousand Dinars & the purchase price was 522 thousand. As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 560,000 & 570,000 Dinars, while the selling price of a mithqal of Iraqi gold ranges between 530,000 & 540,000 Dinars. -Oil Prices Fall As Dollar Rises. Oil prices extended losses for a 2nd straight session on Tuesday, weighed down by a stronger Dollar & expectations of ample supply. Brent crude futures fell 28 cents, or 0.37 percent, to $76.02 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 33 cents, or 0.45 percent, to settle at $73.23. Both benchmarks rose for five straight days last week & settled at their highest since October on Friday, partly on expectations of more fiscal stimulus to revive China’s economy. -ISX Witnesses A 9% Increase During The First Hours. The Iraqi Stock Exchange opened today, Tuesday, the 1st morning session in the year 2025, with an increase of 9.13%. This increase is due to the improvement in the general situation, in addition to the increase in demand for the shares of the Baghdad & Al-Ahly Banks after the cancellation of the Dollar platform by the CBI. In the 1st hour, the stock exchange traded more than 275 million shares, worth more than 400 million Dinars, through the conclusion of more than 200 deals. The Baghdad Bank share achieved a growth of 1.42%, reaching 4.3 dinars, the National Bank of Iraq share by 2.4%, reaching 3.85% & the Pepsi Baghdad share by 0.94%. Al-Maamoura Real Estate Company’s stock suffered a loss of about 7%, due to the corrective wave, after the increase in demand for it during the past few days, due to obtaining a permit to build a residential complex in the Ghazaliya area. -Iraq Stock Exchange Lists 3rd Issue Of Injaz Bonds For Trading. The Iraq Stock Exchange decided to list the 3rd issue of Injaz bonds for trading in the market. In October 2024, the Ministry of Finance announced the third issuance of achievement bonds worth 1.3 trillion Dinars, with an interest rate of 6.5% for the 500,000 category & 8.5% for the one million Dinar category. The Iraq Stock Exchange said that the 3rd issue of Injaz bonds was listed on the bond platform & will be traded with a percentage change in the price determined, up or down by 5% of the calculated price of the bond on the same day. The market set the commission of financial brokerage companies at one thousand Dinars or a commission rate of 0.003%. -Government Communication Announces The Start Of Monitoring The Electronic Payment System (POS) In Pharmacies. The Government Communication Team announced, on Tuesday, the start of following up on the electronic payment system (POS) in pharmacies, while confirming that 17,000 pharmacies are obligated to the system. Adnan Al-Arabi, Deputy Head of the Government Communication Team, said in a statement reported by the official news agency & reviewed by "Al-Eqtisad News", that "based on the directives of PM Mohammed Shia Al-Sudani to enhance the culture of electronic payment, the Government Communication Team held several meetings with the Minister of Health & the Pharmacists Syndicate, during which it was agreed to introduce the electronic payment system (POS) in pharmacies, which number about 17,000 pharmacies & January 1, 2025 was also set as the final date for implementing this system in all pharmacies." He added that "the government communication began, in cooperation with the Ministry of Health, the Control Department & the Pharmacists Syndicate, to follow up on the pharmacies' implementation of the electronic payment system." He pointed out that "the CBI & companies providing electronic payment services are part of these efforts, along with the Pharmacists Syndicate, which will work to urge pharmacies & oblige them to use payment devices," noting that "citizens will not be forced to use payment cards, but in pharmacies the matter has become mandatory, with the placement of a clear sticker to announce the availability of a (POS) device to receive payments via electronic cards." -Al-Mashhadani Discusses Developments In The Region With The US Chargé d'Affaires. Parliament Speaker Mahmoud Al-Mashhadani discussed, on Tuesday, strengthening relations between Iraq & the US within the framework of common interests, stressing the need to continue dialogue & cooperation to support Iraq's stability & continue efforts to confront political & economic challenges. A statement from Al-Mashhadani's office received by "Mawazine News" stated that "the Parliament Speaker received the Chargé d'Affaires of the US Embassy in Baghdad, Elizabeth Trudeau, in the presence of the Director of the Political Section at the Embassy, Michelle Siders & discussed with him the general situation in Iraq, ways to enhance cooperation & existing partnership between the two countries & affirmed the US' support for Iraq in various fields, in a way that enhances stability & development in the country." The statement indicated that "the meeting discussed a number of topics of common interest, including developments in the regional situation in the region & their effects on the Iraqi arena.
  6. Here's some articles of Dinarian interests... Direct from the SANDBOX Report. -Iraq Establishes 'Investment Portfolio' To Support Stability Of Nat'l Currency. -Parliamentary Finance Committee Settles The Matter: The Dollar Exchange Rate Will Not Change. -Dollar ER Rise In Baghdad Markets On Thursday Morning. -The Iraqi Market Trades Shares Worth More Than 6 Billion Dinars In A Week. -Gold Prices To Rise Significantly... 1st Predictions In 2025. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Iraq Establishes 'Investment Portfolio' To Support Stability Of Nat'l Currency. ARTICLE: The economic advisor to the PM, Mazhar Muhammad Salih, revealed Iraq’s 1st step after extinguishing its foreign debts towards establishing an investment portfolio to support the stability of the nat'l currency. Saleh explained to {Euphrates News} that: "Since 2004, after Iraq was able to extinguish $100 billion of its accumulated debts, which are called pre-1990 debts resulting from wars & conflicts, and with the improvement in the current account of the balance of payments, the 1st step taken by Iraq was to establish an investment portfolio of foreign reserves." He added, "Or what is called the country's foreign exchange reserves that perform the function of stabilizing the value of the nat'l currency or what is called the external value of money." Saleh said that "these assets that support the stability of the balance of payments & the national currency {i.e. foreign reserves} are one of the aspects of the sovereign funds called {quasi-sovereign wealth fund}." He pointed out that "they differ from traditional sovereign funds in that their assets are characterized by high liquidity or investment in liquid or semi-liquid assets and are subject to a highly accurate diversification rule in foreign currencies & highly liquid financial investment tools by virtue of their function as international reserves supporting the balance of payments & stabilizing the value of the national currency." -Parliamentary Finance Committee Settles The Matter: The Dollar Exchange Rate Will Not Change. The Parliamentary Finance Committee revealed the numbers of employees, retirees & social welfare beneficiaries, confirming that their salaries are fully secured for next year, with no intention to change the Dollar ER. Committee member, Moeen Al-Kazemi, stressed the "need to increase non-oil revenues to ease the burden on the General Budget." Al-Kadhimi stressed that "the government is working to increase revenues from non-oil sources such as taxes, customs, the Communications & Media Commission & profitable companies in state departments, in addition to collecting water, electricity & other services." He pointed out that "non-oil revenues could reach 30 trillion Dinars in 2025, in addition to 120 trillion Dinars of oil revenues, which makes the total revenues sufficient to secure the salaries of 4.2 million employees & the salaries of 3.5 million retirees," noting that "the allocations for these salaries amounted to 65 trillion Dinars in 2024, and it is expected that there will not be a significant increase during the next year." Al-Kadhimi also explained that "the number of beneficiaries of social care will reach 5 million beneficiaries," stressing "the importance of following a sound financial policy to increase non-oil revenues & ensure financial stability, while maintaining the Dollar ER without change." -Dollar ER Rise In Baghdad Markets On Thursday Morning. The USD ER rose this morning, Thursday, in Baghdad markets. The prices are as follows.. The selling price is 153,000 Dinars, while the purchase price is 151,000 Dinars per 100 Dollars. -The Iraqi Market Trades Shares Worth More Than 6 Billion Dinars In A Week. The Iraq Stock Exchange announced that it traded shares worth more than 6 billion Dinars during four trading sessions until Thursday. The trading session was not organized yesterday, Wednesday, as it was an official holiday. According to trading indicators, the number of shares traded during this week amounted to more than 7 billion shares, with a financial value of more than 6 billion Dinars. The ISX60 index closed the first session of the week at (1076.99) points, while the index closed at the end of the week at (1059.19) points, achieving an increase of (1.65%) over its closing at the beginning of the session. The ISX15 index closed the first session of the week at (1179.37) points, while the index closed at the end of the week at (1159.41) points, achieving an increase of (1.69%) over its closing at the beginning of the session. During the week, (3033) purchase and sale contracts were executed on the shares of companies listed on the market. -Gold Prices To Rise Significantly... 1st Predictions In 2025. American financial expert & investment advisor, Jim Willey, predicted that the year 2025 will witness geopolitical tensions that will lead to a significant rise in gold prices, expecting that an ounce of gold will reach $3,100 in 2025. Willey wrote in a post on his account on the social networking site “X”, saying: “Gold has been a symbol of wealth & security for centuries, but today it is no longer just a shiny metal, but has become a shield against economic collapses, geopolitical chaos & reckless financial policies of governments,” noting that there is no need to refer to history books to confirm this fact, which can be seen by simply taking a look at the current reality. “In the past, a $20 gold coin could buy you a suite at the Plaza Hotel in NY, buy you a high-quality suit, or get you a steak dinner. Today, the same $20 bill can buy three people coffee at Starbucks. Has gold changed? No, gold is still a one-ounce piece of precious metal. What has changed is the purchasing power of paper money, which makes this story one of the most tragic lessons in economic history,” the financial expert explained. The financial expert touched on the issue of the price of gold in 2025, saying that “historically, every major rise in gold prices has been linked to two main factors: economic instability & geopolitical tensions. Now, both of these factors are reaching new highs, and no one would be surprised to see gold rise to $3,100 in 2025.” “Another solid fact about gold is that it thrives in chaos and uncertainty,” Wiley believes. “If world leaders abandon war-mongering & seek lasting peace, gold prices will indeed fall. But let’s be realistic, what about peace? It’s just a nice dream.” According to Wiley’s predictions, 2025 will see major geopolitical shifts in the world, economic turmoil & financial system disruptions. US economic policies, China’s global strategies & the BRICS experiment with gold-backed currencies will play pivotal roles in shaping gold’s trajectory & ultimately gold will remain the stable safe haven it has always been. The financial expert concluded his outlook for the coming year by emphasizing that the future of gold prices is uncertain, but one thing is clear: as long as governments refuse to balance their budgets & continue to engage in geopolitical brinkmanship, gold will not only remain an investment but also a lifeline of stability. Paper currencies will always falter in the face of gold’s enduring resilience & this is one of the most unchanging truths of humanity.
  7. Here's some articles of Dinarian interests... -CBL To Print 30 Billion Dinars In Order To Withdraw Old Banknotes. -ISX Out Performs Arab Stock Markets. -Judges Reveal Methods Of Smuggling Hard Currency. -Visa Launches Tap to Phone Technology in Iraq. Treat as rumors. Not verified. Your opine. TNT via Tishwash: CBL To Print 30 Billion Dinars In Order To Withdraw Old Banknotes. ARTICLE: The Central Bank of Libya (CBL) has announced signing contracts to print 30 billion Dinars to replace the old currency, saying the old banknotes will be withdrawn "smoothly" at a later-set date. This came during a meeting held by the Governor of the CBL, Naji Issa, to review the plan of the CBL to solve the problem of cash shortages. During the meeting, it was agreed to raise the ceilings for immediate payment at the level of individuals and merchants to 20,000 Dinars for a single transfer for individuals, and 100,000 for a single purchase transaction. The CBL also revealed in the statement the launching of a new service for transfers between companies with a ceiling of one million Ddinars for a single transfer. According to the statement, Issa ordered the directors of the departments concerned with the CBL, the liquidity team & banks suffering from a liquidity shortage, to manage according to the plan approved by the Board of Directors to solve this problem gradually & radically starting from January 2025. The Governor also stressed the need to improve & develop the infrastructure of banks in order to achieve the expansion of electronic payment services according to the prepared plan. Tishwash: Securities Commission: Iraq Stock Exchange Leads Arab Stock Markets. The Securities Commission announced, today, Monday, the rise in the Iraq Stock Exchange index, while indicating that it topped the Arab financial markets in October 2024. The Authority said in a statement received by the Iraqi News Agency (INA): "The Arab Monetary Fund mentioned in its monthly report for October 2024 the distinguished performance of Arab financial markets, as the Iraq Stock Exchange topped the list of best performing markets during the month, recording a growth of 12.39%, ahead of the rest of the markets in the region." According to the report, the Damascus Stock Exchange came in 2nd place with a growth of 6.99%, while the Dubai & Amman stock exchanges witnessed an improvement of 1.94% & 1.35%, respectively, while the Muscat, Bahrain & Kuwait stock exchanges recorded slight increases of less than 1%. According to the statement, the Chairman of the Authority, Faisal Al-Haimus, confirmed that "this distinguished performance of the Iraq Stock Exchange reflects the positive developments in the local economic environment and the regulatory reforms implemented by the Authority to enhance the attractiveness of investment in the Iraqi financial market," noting that "we will continue to work to provide a stable and transparent investment environment that enhances confidence among investors & contributes to supporting the national economy." Al-Haimas stressed that "this achievement is an additional incentive to continue efforts aimed at developing the Iraqi financial market & enhancing its role as an engine of economic growth in Iraq." Tishwsh: Ways You Never Thought Of. Judges Reveal Methods Of Smuggling Hard Currency. Several judges & legal experts spoke about the latest methods of smuggling dollars out of the country, pointing out that currency smugglers have developed their means & methods of smuggling money. They explained in statements covered by (Al-Masry - Monday) that one of the latest methods that have been presented, in practical reality, is smuggling currency through prepaid electronic payment cards, where the accused agrees with ordinary citizens to issue payment cards in their names in exchange for small amounts that he gives them, then he fills the cards, carries them & takes them out of the country through airports & then withdraws the amounts in cash through ATMs in the countries to which he travels. They continued, currency smugglers collect a large number of Key Cards & Visa Cards after filling them with national currencies & traveling with them outside Iraq. Tishwash: Visa Launches Tap to Phone Technology in Iraq. In cooperation with the Moroccan Electronic Monetary Association. Visa, a global leader in digital payments, has launched “Tap to Phone” technology in partnership with the Maghreb Electronic Money Association (S2M) to empower small & medium-sized businesses in Iraq with solutions to accept digital payments at a low cost. The Maghreb Electronic Money Association’s Mobile Tap solution, which uses Visa’s Tap to Phone technology, enables merchants using Near Field Communication (NFC)-enabled Android devices to accept contactless payments simply by downloading a dedicated app. The collaboration aims to revolutionize the payments landscape by enabling merchants to seamlessly accept payments using their smartphones without the need for additional hardware investment. “We are delighted to partner with the Maghreb Electronic Money Association to launch Tap to Phone in Iraq. This strategic collaboration is in line with our commitment to enhance financial inclusion for small businesses by providing digital payments capabilities at a lower cost,” said Leila Serhan, Vice Chairman and Regional Head of Corporate Business Leadership for North Africa, Levant and Pakistan at Visa. This innovative solution enables retail outlets to develop and improve the payment experience for consumers. Service staff at store fronts can support consumers to make payments easily without having to stand in queues at the cashier, which means a better customer experience.” Mobile Tap provides SMEs with the option to accept digital payments at a lower cost, paving the way for greater participation in the digital economy. This innovative approach eliminates the need for traditional POS terminals & can help facilitate a better consumer experience in payments. The solution provides merchants and customers with greater convenience & flexibility during transactions. The Mobile Tap service empowerment reflects S2M ’s unwavering commitment to empowering merchants through innovative software & technology, significantly enhancing the commerce experience for all. “This strategic alliance presents a great opportunity to elevate the level of digital payment solutions available & promote financial inclusion across Iraq, ensuring that all consumers & merchants can participate & thrive. Over the past decade, we have witnessed the incredible potential for innovation & growth within the Iraqi market & we are committed to supporting its dynamic payments ecosystem,” said Mohamed Amarti Rifi, S2M Executive Vice President. As a network that works for everyone, everywhere, Visa’s mission is to advance digital commerce for the benefit of consumers, businesses & economies across Iraq. This strategic collaboration aligns with Visa’s goal of enabling more payment acceptance points using cutting-edge technologies such as Tap to Phone to support small businesses with digital payments capabilities at a lower cost.
  8. Here's some articles of Dinarian interests...The Value Of Traded Shares During The First Half Of 2024 Amounted To 321 Billion Dinars. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES : Reasons Why Iraq Economic Growth Forcast To Exceed 5% in 2026. ARTICLE: Expert identifies reasons for Iraq’s economic growth forecast to exceed 5% in 2026. {Economic: Al Furat News} The economic expert, Qusay Safwan, identified the reasons for expectations of economic growth in Iraq reaching more than 5% in 2026. Safwan told {Euphrates News} that: “The International Monetary Fund’s expectations went towards the external view of the Iraqi economy in light of the success of the government of Mohammed Shia al-Sudani in reducing external debts from $20 million to $9 million, which gives reassurance to the status of the Iraqi economy for the coming years, considering that the interest on those debts will be low.” He added, “There are also projects that the government of al-Sudani has started at the level of stopping gas flaring and investing associated gas in supplying electricity, meaning reducing outward cash flows to reduce the import of electricity and gas, as well as completing the Faw port in mid-2025 and entering the operational testing phase until it is linked to the European Union.” Safwan continued, “This means adding non-oil revenues, and these indicators indicate a positive outlook that could contribute to reclassifying Iraq’s credit rating from C3 Plus to B Minus,” noting that “the possibility of Iraq’s GDP rising to 5% in the event of adding initiatives by the Central Bank to pay small and medium-sized projects, which is currently at a rate of $270 billion annually.” He added, “Iraq is currently a partner with the International Finance Corporation, which is trying to rebuild Iraqi airports, and there are two billion dollars that will be pumped into developing and expanding Baghdad International Airport, which indicates that there is confidence in Iraq’s ability to operate these amounts and return them to lenders.” Safwan stressed that “the process of developing the energy sector in terms of gas and oil through licensing rounds will contribute to increasing Iraq’s future revenues, as it is looking forward to 6 million barrels for export purposes, meaning that there is a possibility of increasing the ability to spend oil revenues on investment projects,” noting “the importance of transforming understandings into a studied reality in the field of foreign investment.” The World Bank expected Iraq to achieve economic growth of more than 5% in 2026, noting that the recovery in the oil sector in 2025 will contribute significantly to enhancing this growth. -Chairman Of The Securities Commission: The Value Of Traded Shares During The First Half Of 2024 Amounted To 321 Billion Dinars. The Chairman of the Securities Commission, Faisal Al-Haimas, announced today, Tuesday, the stock trading indicators on the Iraq Stock Exchange during the first half of 2024, as the value of traded shares amounted to 321,951,474,384 Iraqi dinars. Al-Haimas said in a statement followed by “Al-Eqtisad News”: “The number of shares traded during the first half of the current year amounted to 281,150,586,973 shares,” noting that “the number of listed companies and companies registered in the market amounted to 109 joint-stock companies, distributed between regular and secondary trading platforms and unlisted companies.” Al-Haimas added: “The government bonds that were traded are construction bonds with two issues, and reconstruction bonds with three issues,” stressing that “the number of companies registered on the ISX-OTC platform for unlisted companies increased to 6 companies after accepting three new companies at the end of June 2024.” The Chairman of the Securities Commission explained that “the number of companies whose shares were traded during the first half of this year amounted to 87 companies.” The number of traded shares reached 281,150,586,973 shares, and the value of traded shares reached 321,951,474,384 dinars. Al-Haimas pointed out that “the ISX60 index closed in the last session of June at 882.03, recording a decrease of 1.25% from the closing of 2023, while the ISX15 index closed at 1005.49 points, achieving an increase of 0.5% from its starting value in the base session.” Al-Haimas concluded his statement by saying: “The number of contracts executed during the first half of the year reached 86,268 contracts, which reflects continuous activity and dynamic movement in the Iraq Stock Exchange.” -Implementation Of The Comprehensive Banking System Of Rafidain Bank In 31 Branches. Mawazine News Rafidain Bank announced today, Tuesday, the implementation of the comprehensive banking system in the Pharmacists Branch in Basra, thus joining the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the border crossing branches (Zurbatiya – Safwan – Arar – Trebil). The bank confirmed in a statement today that “the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the scheduled timings to include all the bank’s branches in the implementation of the system, especially since one of the priorities and adoptions of the government program is the electronic transformation in financial transactions, reducing the circles of routine for citizens, shortening time, simplifying procedures, overcoming obstacles, and intensifying efforts to improve the level of services provided to customers and completing their transactions.” He added, “Thus, the number of branches that have implemented and completed the system becomes (31) branches, in an important step to strengthen the banking system, achieve its requirements, and leave paper work and move completely to electronic systems.” -Global Oil Price Stability. Oil prices stabilized on Tuesday, remaining near their highest levels in two months reached in the previous session, driven by expectations of increased fuel demand during the summer travel season and the possibility of a cut in US interest rates. Brent crude futures rose slightly by 20 cents to $86.80 a barrel, after rising 1.9% in the previous session to record the highest closing level since April 30. US West Texas Intermediate crude rose 13 cents to $83.51 a barrel, after rising 2.3% to its highest level since April 26. -Central Bank Sells About $269 Million In Auction Today. Banks Economy News – Baghdad The Central Bank of Iraq announced on Tuesday its sales of hard currency, which amounted to more than $269 million in today’s transactions, according to the official exchange rate of 1310. The bank’s data showed that the total internal cash withdrawals amounted to $30,250,000, while the total amounts of transfers abroad, including remittances and credits, amounted to $239,000,000, while the total sales amounted to $269,250,000.
  9. Here's some GCR articles of Dinarian interests... Treat as rumors. Not verified. Your opine. Goldilocks: ISX Goes Digital MX.3 Platform. ARTICLE: “Commerzbank has completed a strategic migration & simplification of its global FX, FX derivatives, equities & commodities activity, streamlining trading & risk in Murex’s integrated MX.3 platform.” MX.3 is a cloud-based solution. It enables public agencies, banks, clearing brokers and other businesses to manage operations in trading, costs, funding, risk management, compliance tracking & more. Several banks are making their transition into the new digital economy. This is one of many that are currently involved in making foreign currency exchange possible. © Goldilocks. Goldilocks: CBDC Announcement. “In a vote of 216 – 192, the House of Representatives passed Emmer’s bill that would prohibit the Federal Reserve from issuing a surveillance-style central bank digital currency (CBDC) that could give the federal government the ability to monitor and control individual Americans’ spending habits.” This new bill is moving through Congress as we speak. It does not mean that Retail CBDC is going away entirely. It just means that the ability to know & interfere with your private affairs through a Central Bank Digital Coin is an issue no one wants to live with going forward. Project Tourbillon is in the works to produce a form of cash like anonymity for Retail CBDC. The protection of people’s identities is currently being tested. There is a question of speed that needs to be resolved along with the above therefore mentioned. Last Updated on March 21st, 2024. This is the name for the trial of a prototype Central Bank Digital Currency (CBDC), using technology based on David Chaum’s eCash 2.0 design. (See link below) Emmer House. BIS. Pat Crypt. Goldilocks Goldilocks: HKMA Accelerates Digital Currency (CBDC). ARTICLE: “The Hong Kong Monetary Authority (HKMA) is accelerating its exploration of a central bank digital currency (CBDC) with the launch of the next phase of its e-HKD pilot program. A key area of focus will be the use of e-HKD for mortgage pricing & disbursement, potentially offering benefits for both consumers & banks. This initiative follows a successful six-month trial that concluded last October, providing valuable insights into potential applications for digital currency. The new phase will involve a deeper dive into the technology, business models & regulatory frameworks surrounding e-HKD transactions.” This comes at a time when Hong Kong is in process of going through their Inspection of Crypto Platforms’ Offices Licensing process. June 1st, 2024, is the deadline for applications to be finished and inspections to begin. This process will ensure that new monetary policies & regulations are being followed.
  10. Here's an article of Dinarian interests... This may be nothing significant or of importance. ISX Shuts Down for a week. This may be EID holiday related. Treat as a rumor. Not verified. Your opine. TNT via Tishwash: The Iraqi Market Suspends Its Activity For 6 Days. ARTICLE: The Iraq Stock Exchange announced, on Monday, the suspension of its activity for a period of six days. The market stated, in a statement received by Shafaq News Agency: “Based on the Council of Ministers’ decision to declare a six-year official holiday for Eid al-Fitr, the market’s activities & trading sessions will stop for six days.” He explained, "The holiday will be starting Tuesday, April 9, and trading sessions will resume on Sunday, April 14." It is noteworthy that the Iraq Stock Exchange organizes five trading sessions weekly from Sunday to Thursday & 103 Iraqi joint stock companies are listed, representing the sectors of banking, communications, industry, agriculture, insurance, financial investment, tourism, hotels & services.
  11. Here's an article of Dinarian interests... The USD is stable On ISX. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Stability Of Dollar Exchange Rates On The Local ISX. ARTICLE: The exchange rates of the Dollar against the Iraqi Dinar stabilized, today, Wednesday, on the local stock exchange. The selling price of the Dollar amounted to 147,000 Dinars for 100 US Dollars, while the purchase price was 145,000 Dinars for 100 dollars. More Than $265 Million In Central Bank Sales Today recorded the central bank’s sales of foreign currency in an auction today, Wednesday, more than 265 million Dollars.
  12. From Around Dinarland... A five day vacation. ISX Halts All Trading Until Tuesday the 25th. Treat as a rumor. Not verified. Your opine. From Other Sources: ISX Halts All Further Trading. ARTICLE: A one week vacation. ISX announces on Thursday, that it has stopped it's activities for five days. The ISX trading session after EID will be on Tuesday April 25th, according to it's official timing.
  13. Luigi askes...OK whos right. One Guru says the ISX is closed & another says it's open for business. The battle of the Gurus. Who do you believe? Treat as rumors. Not varafied. Your opine. 3-27-2020 Newshound Guru Jeff ...without a shadow of a doubt the [Iraqi] stock market is closed...In the top right corner of the website it said "latest update 3-16"...the last stock trade occurred on 3-16 and it has been shut down since 3-17...[Guru] Pimpy was 100% incorrect [Reference Guru Pimpy's post on 3-27-2020] . The stock market is not open. It is shut down and it's going to remain shut down until Saturday April Saturday April 11th. Reopening on the 12th... 3-27-2020 Newshound Guru Pimpy ...the ISX is now open...trading has started up again. We do not see so far any change in the currency rate. I can tell you we're seeing some movement in a positive direction as far as those individual stocks are concerned...it's been down since the 16th so it's been down 10 days...we were anticipating it being down in the hopes of the rate change taking place. That's what we were looking for. We don't see the rate change yet. All the ISX could have done is at least set itself up for the rate change to happen...lets hope their purpose for shutting down is the fact that a rate change took place...
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