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Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24
Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24
Al-Rafidain Announces The Implementation Of The Comprehensive Banking System In 27 Branches In Iraq
Economy Thursday, May 30, 2024 Baghdad/National News Center Al-Rafidain Bank
Announced These two branches join the other branches in which the comprehensive system was activated in Baghdad and the governorates, which amount to 27 branches, in addition to the branches of the border crossings (Zurbatiyah, Safwan, Arar, and Trebil).
This step represents an important part of the bank’s efforts to leave paperwork and move completely towards electronic transformation, in line with the priorities of the government program that focuses on electronic transformation in financial transactions. This transformation aims to reduce the number of red tape for citizens and reduce time and effort in completing their transactions.
Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24
Al-Rafidain Announces The Implementation Of The Comprehensive Banking System In 27 Branches In Iraq
Economy Thursday, May 30, 2024 Baghdad/National News Center Al-Rafidain Bank
Announced These two branches join the other branches in which the comprehensive system was activated in Baghdad and the governorates, which amount to 27 branches, in addition to the branches of the border crossings (Zurbatiyah, Safwan, Arar, and Trebil).
This step represents an important part of the bank’s efforts to leave paperwork and move completely towards electronic transformation, in line with the priorities of the government program that focuses on electronic transformation in financial transactions. This transformation aims to reduce the number of red tape for citizens and reduce time and effort in completing their transactions.
Rafidain Bank confirmed that the plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings, with the aim of including all branches of the bank with the application of the system, which enhances the efficiency of banking service and increases customer satisfaction. https://nnciraq.com/256707/
Learn About The Dollar Exchange Rates In Local Markets
Economy | 11:16 - 05/30/2024 Baghdad - Mawazine News The exchange rates of the dollar against the Iraqi dinar rose slightly, today, Thursday, in local markets.
Dollar prices rose with the opening of the main Kifah and Harthiya stock exchanges in Baghdad, recording 145,150 Iraqi dinars for every 100 dollars, while yesterday, Wednesday, prices recorded 145,000 Iraqi dinars for every 100 dollars.
Selling prices also increased in banking shops in local markets in Baghdad, where the selling price reached 146,250 dinars, while the purchasing price reached 144,250 dinars for every 100 dollars.
In Erbil, the dollar also recorded an increase in banking shops, where the selling price reached 144,850 dinars against the dollar, and the purchase price reached 144,750 dinars against 100 dollars.https://www.mawazin.net/Details.aspx?jimare=248872
Planning: The Population Census Will Achieve Fair Distribution Of Wealth Among The Governorates
Economy News – Baghdad The Ministry of Planning confirmed, on Thursday, that the general census of population and housing will give accurate figures about the size of the real population mass in each governorate, and will achieve fairness in the distribution of wealth among them.
The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the general census of population and housing is one of the field foundations for resolving the existing controversy regarding the provinces’ entitlements from the general budget,” explaining that “the census “It will result in a fair distribution of wealth among the governorates, because most of them complain of the limited financial allocations they receive that are not commensurate with their population density.”
Al-Hindawi added, “The estimated and statistical censuses will give accurate numbers about the size of the real population mass in each governorate, and therefore the state ministries will develop their action plans to fulfill the requirements for each governorate to enjoy its right from the general budget, according to the number of its population that will be mentioned in the general census.”
He stressed that "the Ministry is striving to adopt international scientific standards and field methodologies in conducting the census, using modern electronic technologies," expressing his hope that "the accuracy, reliability, and comprehensiveness of the data will reach 90 percent or more." Views 88 Added 05/30/2024 - https://economy-news.net/content.php?id=43874
The Central Bank Sells More Than $269 Million At Auction Today
Economy News – Baghdad Today, Thursday, the Central Bank announced its sales of hard currency, amounting to more than $269 million in today’s transactions, according to the official rate.
The bank's data showed that the total internal cash withdrawals amounted to $19,730,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $249,569,132, while the total sale amounted to $269,299,132.
Views 57 Added 05/30/2024 - 2:48 PM https://economy-news.net/content.php?id=43865
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points To Ponder on Failures and Mistakes
The fearful are caught as often as the bold.- Helen Keller
Inaction, contrary to its reputation for being a refuge, is neither safe nor comfortable.- Madeleine Kunin
They fail, and they alone, who have not striven.- Thomas Bailey Aldrich
You may be disappointed if you fail, but you are doomed if you don't try.- Beverly Sills
It takes as much courage to have tried and failed as it does to have tried and succeeded.- Anne Morrow Lindbergh
Failure is something made only by those who fail to dare, not by those who dare to fail.- Louis Binstock
You don't always win your battles, but it's good to know you fought.- Marjorie Holmes
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24
Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24
Al-Rafidain Announces The Implementation Of The Comprehensive Banking System In 27 Branches In Iraq
Economy Thursday, May 30, 2024 Baghdad/National News Center Al-Rafidain Bank
Announced These two branches join the other branches in which the comprehensive system was activated in Baghdad and the governorates, which amount to 27 branches, in addition to the branches of the border crossings (Zurbatiyah, Safwan, Arar, and Trebil).
This step represents an important part of the bank’s efforts to leave paperwork and move completely towards electronic transformation, in line with the priorities of the government program that focuses on electronic transformation in financial transactions. This transformation aims to reduce the number of red tape for citizens and reduce time and effort in completing their transactions.
Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24
Al-Rafidain Announces The Implementation Of The Comprehensive Banking System In 27 Branches In Iraq
Economy Thursday, May 30, 2024 Baghdad/National News Center Al-Rafidain Bank
Announced These two branches join the other branches in which the comprehensive system was activated in Baghdad and the governorates, which amount to 27 branches, in addition to the branches of the border crossings (Zurbatiyah, Safwan, Arar, and Trebil).
This step represents an important part of the bank’s efforts to leave paperwork and move completely towards electronic transformation, in line with the priorities of the government program that focuses on electronic transformation in financial transactions. This transformation aims to reduce the number of red tape for citizens and reduce time and effort in completing their transactions.
Rafidain Bank confirmed that the plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings, with the aim of including all branches of the bank with the application of the system, which enhances the efficiency of banking service and increases customer satisfaction. https://nnciraq.com/256707/
Learn About The Dollar Exchange Rates In Local Markets
Economy | 11:16 - 05/30/2024 Baghdad - Mawazine News The exchange rates of the dollar against the Iraqi dinar rose slightly, today, Thursday, in local markets.
Dollar prices rose with the opening of the main Kifah and Harthiya stock exchanges in Baghdad, recording 145,150 Iraqi dinars for every 100 dollars, while yesterday, Wednesday, prices recorded 145,000 Iraqi dinars for every 100 dollars.
Selling prices also increased in banking shops in local markets in Baghdad, where the selling price reached 146,250 dinars, while the purchasing price reached 144,250 dinars for every 100 dollars.
In Erbil, the dollar also recorded an increase in banking shops, where the selling price reached 144,850 dinars against the dollar, and the purchase price reached 144,750 dinars against 100 dollars.https://www.mawazin.net/Details.aspx?jimare=248872
Planning: The Population Census Will Achieve Fair Distribution Of Wealth Among The Governorates
Economy News – Baghdad The Ministry of Planning confirmed, on Thursday, that the general census of population and housing will give accurate figures about the size of the real population mass in each governorate, and will achieve fairness in the distribution of wealth among them.
The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the general census of population and housing is one of the field foundations for resolving the existing controversy regarding the provinces’ entitlements from the general budget,” explaining that “the census “It will result in a fair distribution of wealth among the governorates, because most of them complain of the limited financial allocations they receive that are not commensurate with their population density.”
Al-Hindawi added, “The estimated and statistical censuses will give accurate numbers about the size of the real population mass in each governorate, and therefore the state ministries will develop their action plans to fulfill the requirements for each governorate to enjoy its right from the general budget, according to the number of its population that will be mentioned in the general census.”
He stressed that "the Ministry is striving to adopt international scientific standards and field methodologies in conducting the census, using modern electronic technologies," expressing his hope that "the accuracy, reliability, and comprehensiveness of the data will reach 90 percent or more." Views 88 Added 05/30/2024 - https://economy-news.net/content.php?id=43874
The Central Bank Sells More Than $269 Million At Auction Today
Economy News – Baghdad Today, Thursday, the Central Bank announced its sales of hard currency, amounting to more than $269 million in today’s transactions, according to the official rate.
The bank's data showed that the total internal cash withdrawals amounted to $19,730,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $249,569,132, while the total sale amounted to $269,299,132.
Views 57 Added 05/30/2024 - 2:48 PM https://economy-news.net/content.php?id=43865
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points To Ponder on Failures and Mistakes
The fearful are caught as often as the bold.- Helen Keller
Inaction, contrary to its reputation for being a refuge, is neither safe nor comfortable.- Madeleine Kunin
They fail, and they alone, who have not striven.- Thomas Bailey Aldrich
You may be disappointed if you fail, but you are doomed if you don't try.- Beverly Sills
It takes as much courage to have tried and failed as it does to have tried and succeeded.- Anne Morrow Lindbergh
Failure is something made only by those who fail to dare, not by those who dare to fail.- Louis Binstock
You don't always win your battles, but it's good to know you fought.- Marjorie Holmes
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24
Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24
Good Evening Dinar Recaps,
"Big Short’ investor Michael Burry just made a multimillion-dollar bet on gold — and dumped tech giants Alphabet and Amazon. 3 ways to add the yellow metal now"
The move from a bull market in stocks has shifted to a bull market run in gold. Since gold is being interfaced inside digital assets that represent our traditional assets, our traditional assets will maintain a steady value even if they go to a lower value. Some will rise in value. These new stock digital values will at least be a solid value, and it will be as good as gold.
Big money is starting to finally pour into gold. Why? Gold has outpaced the S&P 500 with a gain of 11.7% since the beginning of the year. Gold was trading at $2,062 per ounce. Today, it’s at $2,357 per ounce. This is a 14.3% increase.
Gold deflates an inflated economy. Not only this is going on at this time, but we have BRICS Nations trading in their local currency with the stipulation of joining stating that each country who joins holds gold.
Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24
Good Evening Dinar Recaps,
"Big Short’ investor Michael Burry just made a multimillion-dollar bet on gold — and dumped tech giants Alphabet and Amazon. 3 ways to add the yellow metal now"
The move from a bull market in stocks has shifted to a bull market run in gold. Since gold is being interfaced inside digital assets that represent our traditional assets, our traditional assets will maintain a steady value even if they go to a lower value. Some will rise in value. These new stock digital values will at least be a solid value, and it will be as good as gold.
Big money is starting to finally pour into gold. Why? Gold has outpaced the S&P 500 with a gain of 11.7% since the beginning of the year. Gold was trading at $2,062 per ounce. Today, it’s at $2,357 per ounce. This is a 14.3% increase.
Gold deflates an inflated economy. Not only this is going on at this time, but we have BRICS Nations trading in their local currency with the stipulation of joining stating that each country who joins holds gold.
To top it all off, the Global Economy is moving into virtual assets that are called "tokenized assets." Each asset contains gold to support its value even the stablecoins which represents a country's currency has to have enough gold to sustain a Level Playing Field price in trade. MoneyWise YCharts.
Everything is turning to gold, and gold will set us free.
© Goldilocks
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Thank you Sam for finding the above information for me. I knew it had to be somewhere.
~~~~~~~~~
Everything on the new QFS either relates to gold, or it is backed by a precious metal.
These new digital standard protocols will be the mechanism by which money is moved going forward.
The future of money is in gold. Everything the world touches going forward will be because of a metal asset that enables it to do so.
© Goldilocks
~~~~~~~~~
Status of Banks’ Unrealized Losses in Q1: Worsened after Brief Rate-Cut-Mania Relief | Wolf Street
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New York Stock Exchange to list Bitcoin options - Ledger Insights - blockchain for enterprise
Bitcoin Announcement:
"Today the New York Stock Exchange (NYSE) said it plans to launch cash-settled spot Bitcoin options with the price tracking the CoinDesk Bitcoin Price Index (XBX), subject to regulatory approval."
~~~~~~~~~
Once our digital assets moving towards regulation and becoming law are complete, the ability to move our "tokenized assets" backed by gold as a tier one asset will bring the banking system and the markets into correlated price patterns.
This will enable us to move forward with the new economy and begin the process of credit valuation adjustments across all sectors of the market including Forex.
© Goldilocks
~~~~~~~~~
The BuyBacks that started yesterday have not turned the markets around. BuyBacks usually reset a market and support a market. So far, it is not working. The next FOMC meeting is June 11th through the 12th. We may be looking at some monetary policy changes. We have to keep our eyes open much wider than before...
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Article (10) of the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and based on the supervisory and supervisory role of this bank, it was decided to oblige the Anti-Money Laundering and Terrorist Financing Department in the electronic payment service providers/processors company to follow up on the movements that take place. On cards (whether prepaid, credit or debit)
https://cbi.iq/news/view/2595
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Meeting with the Minister of Agriculture at ROSL, 2024 | Youtube
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Comparing the IQD to the VND Iraqi News IQD VND HTG Rates | Youtube
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THE WORLD ECONOMY IS COLLAPSING FASTER... AND SOCIETY IS BEING "DECONSTRUCTED." Mannarino | Youtube
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Trading Halt | Investopedia
Market Announcement:
A delay in ticker reporting was announced about an hour ago. This delay is expected to be over 2 hours.
This does not make sense to me as a trader. Something is not right. Why would anyone buy in a stock market whereby the buy/sell indicators were delayed?
This is very dangerous.
"Trading can be halted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch, due to regulatory concerns or because the price of the security or an index has moved rapidly enough to trigger a halt based on exchange rules."
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It looks like I have the rest of the day off.
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All Time High Asset Prices | Youtube
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Ripple submits a letter to Judge Torres:
1 & 2
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