Some Very Good Financial News Coming Out Of Iraq.

[Luigi1]

Here's an article of Dinarian interests...

Some Very Good Financial News Coming Out Of Iraq.

FYI.  Long reads but well worth the time.

Iraq recovers more corrupt monies from abroad.

Iraq Spending monies on Infrastructure projects.

ISX sets new volume records.

Iraq diversifies it's investments.

Treat as a rumor.  Not verified.  Your opine.

 

 

From Other Sources:                Iraq Recovers Huge Sums Of Money From The UAE.

ARTICLE:  The Federal Integrity Commission announced, on Monday, the recovery of the first batch of funds owed by a convict from the UAE.

The authority stated in a statement that “the efforts of the Recovery Department resulted in the recovery of a first payment of the amount that the convict deposited in a bank in the Emirates,” indicating that “in 2005, the Iraqi Central Criminal Court issued a pre-trial ruling of (8) years’ imprisonment against the convict who committed “For robbing government banks after the events of 4/9/2003, it also ruled to confiscate an amount of (500,000) thousand dollars that he deposited in a bank in the UAE.”

 

She added, “The recovered amount was transferred from the Emirates to the Rafidain Bank account through a debt collection company,” noting “the role of the Iraqi embassy in Abu Dhabi in following up on the transfer of the amount.”

She pointed out that “the case file against the convict was sent to the Ministry of Foreign Affairs from the Supreme Judicial Council - Head of Public Prosecution & it was sent to the UAE judicial authorities.”

She continued, “The follow-up procedures resulted in the issuance of a ruling by the Emirati judiciary obligating the convict to pay an amount of $960,100 thousand Dollars to Rafidain Bank, followed by the affected party, confirming that the authority will continue to follow up on the recovery of the entire amount owed by the convict.” 

 

 

From Other Sources:            Transportation Sets The Date For The Opening Of The 1st Commercial Exchange Square In Baghdad.

ARTICLE: the Minister of Transport, Razzaq Muhaibes Al-Saadawi, set the date for the opening of the 1st commercial exchange square & while he indicated that it will be advanced, he stressed that these squares will be provided with electronic gates, offices, & services.

 

Al-Saadawi said, “The number of commercial exchange squares reached 4 squares, one square in the Baghdad belt at the entrance to Yusufiyah, with an area of 400 dunums.  The completion rate of the first phase reached 80 percent & it is hoped to be opened during the current year,” noting that “the 2nd square is at the entrance to Kut & the 3rd is at the entrance to Diyala.”  The 4th is at the entrance to Salah al-Din.”

 

He added, "These squares help relieve traffic congestion & prevent trucks from entering the capital, Baghdad, in order to maintain the infrastructure & provide great job opportunities."

He pointed out that "the squares will be equipped with electronic gates, offices & services," stressing that they are "advanced & different from the old squares."

 

 

From Other Sources:            Iraqi Stock Exchanges...Exchange Rates Stand At The Barrier Of 151 Thousand Per Hundred Dollars.

ARTICLE:  Baghdad  Al-Iqtisad News publishes the Dollar exchange rates on Iraqi stock exchanges during Tuesday’s trading.

The exchange rates of the Dollar, on the Al-Kifah Stock Exchange, in the capital, Baghdad, reached 151,300 Dinars per 100 Dollars, while on the Basra Stock Exchange, it recorded a slight increase, reaching 151,350 Dinars.

As for the governorates of the Kurdistan region, prices were slightly lower than the rest of the governorates, as they varied around 151 thousand Dinars for every 100 Dollars.

 

 

From Other Sources:                Specialists: Islamic Sukuk Are An Alternative To Financial Instruments.

ARTICLE:  Interest is growing in adopting Islamic sukuks as part of Iraq's strategic policy, as they are an important alternative to other financial instruments that depend on interest & which can finance the deficit suffered by the federal general budget.

During the 1st annual conference, Center for Banking Studies at the CBI considered Islamic bonds part of Iraq's strategic policy.

 

He stressed the acceleration of the legislation of the “Islamic Sukuk Law in Iraq.” The participants also stressed the need to pay attention to developing appropriate legislation in order to make it successful in Iraq & to make a media & promotional effort to spread the culture of investment in Islamic Sukuks among banks & financial institutions before the law is enacted.

 

Islamic banking specialist Professor Dr. Sadiq Rashid Al-Shammari pointed out that the advantages of sukuks are several, the most important of which is financing large projects that no single entity has the capacity to finance.

They are an investment channel for absorbing financial surpluses that their owners wish to invest & recover easily. They also contribute to managing liquidity in cases of deficit & surplus.  If the bank has surplus liquidity, invest.

 

What he has in buying sukuks, and if he needs liquidity, he sells them with ease in the secondary market or the stock exchange, in addition to the fair distribution of wealth, because it links investment to reality & the real economy & enables all investors to benefit from the project’s profits in a fair way, as wealth is distributed on a large scale without.  Be a country among the rich, diversify your portfolio investments & spread your risks.

 

Investment sukuks mean that they are a document issued in the name of their owner or holder in denominations of equal value to prove the right of their owner to the financial rights & obligations they represent & that they represent a common share in the ownership of assets designated for investment, whether objects, benefits, services, or a mixture thereof & moral rights, debts & money & they do not represent debt. Issued to the bearer.

[DinarDavo]

2 hours ago, Luigi1 said:

Iraqi Stock Exchanges...Exchange Rates Stand At The Barrier Of 151 Thousand Per Hundred Dollars.

 

...so much for breaking the secondary market. Time to try something new.    

[Luigi1]

Here's a thread of Dinarian interests...banks are Basel III Compiant as of today...

 

Some highlights by PDK-Not verbatim.

THREAD:

Member: Good Tuesday Morning.

Member: Sure hope Mark has good news today.

Member: Today could be very interesting for banks who aren't Basel 3 compliant.

Member: For the Basel 3 - does the bank as a company have to be compliant or each branch?

MZ: Overall the parent bank needs to be Basel 3 compliant …not each individual bank branch….as I understand it. Its one corporate entity.

Member: Do private banks need to be Basel 3 compliant?

MZ: Yes- if they have a banking license they will have to be Basel 3 compliant.

Member: Is tomorrow the big day?

MZ: We will see soon.

MZ: On the bond side and the church groups….nobody has money yet. Bond folks are still on hold in Zurich. They have not received their 1% payout as they expected…yet.

MZ: I do know of some church groups that were hit with an NDA. But I do know they do not have Dollars yet. It could some of them were sharing their updates with others…so they are now under NDA’s to be quiet?

Member: If its going to be a shotgun start…I still think they get Dollars when we are allowed to make appointments…..everything goes at once.

I found this one interesting: “ Rafidain Bank announces a 3rd series of reconstruction bonds” for amounts of $500 thousand Dinar & $1 million Dinar. With annual interest rates of 6% & 2 % for 2 & 4 years. Pretty great interest rates. Paid every 6 months. Its only available to Iraqi citizens or I would already be investing.

MZ: “As China stocks crash, Beijing proposes multi trillion market rescue package”  The implosion continues.  China is becoming desperate for a reset. Many protests & riots over there.

Member: People are desperate for a reset everywhere.

MZ: From Peter Schiff: “The dark ages for US housing & manufacturing”  This is normal just before a crash. Certain markets will do well & others will take it on the chin. That is exactly what we are seeing now. Similar to what we were seeing in 2007 & 2008.

MZ: A good one from MilitiaMan late last night: They are doing a fine job & everyone should go & listen & support them. He gives real world examples on what Iraq is doing so they can change their value. 

Member: Mark, what happens to the currency we turn in at redemption. Is it destroyed or turned back into its country.

Member: I heard at one time it gets turned into the US treasury..then sent back to the country.

Member: I believe the Iraqi Dinar has to come back where it went out at. $3.22. The VND has to come back to $2.27. According to the IMF?

MZ: If you correct the VND back to its old value it would be about $2.21 to $2.30….depending how they just for inflation…but, yeah. This is why I believe certain values will make more sense. These follow historic norms for revaluations. 

Member: We can live with those rates…that would be amazing…..they just need to do it.

Member: Mark would you please explain Tier 1,2,3,4a,4b please?

Member:  There are allegedly 5 Tiers of folks Exchanging.  Tier 1-governments & royalty. Tier 2-Whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, CMKX, large church groups (like the Mormons), etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.

Member:  I heard a rumor that everything in the 1st basket would go on a float before the real rate gets locked in.

Member: I am getting a lot of e-mails from banks wanting to be my banking & financial services. That is encouraging.

Member:  Thanks Mark & Mods for all you do

Member: So many are blessed by knowing it will happen. Think about those that are struggling that do not know anything & are still watching Main Stream Media.

Member:  We are one day closer to our breakthrough. Thank you, MarkZ, for keeping us informed of the current news & events. God bless you all.

[BETTYBOOP]

It never fails to amaze me how some folks can be stupid enough to fall for this utter drivel that mark z puts out there as Intel!😂😂😂

[Fimum]

Tier 8F.

[Luigi1]

40 minutes ago, BETTYBOOP said:

It never fails to amaze me how some folks can be stupid enough to fall for this utter drivel that mark z puts out there as Intel!😂😂😂

 

According to MZ & the Goose...we are now exchanging at 4 to 1.

Are we rich yet?

[NMP2017]

1 hour ago, BETTYBOOP said:

It never fails to amaze me how some folks can be stupid enough to fall for this utter drivel that mark z puts out there as Intel!😂😂😂

amazes me anyone believes the drivel ANY of them put out!