More News, Rumors and Opinions Friday Night 6-23-2023
KTFA:
Clare: Good news from Kurdistan Finance for employees
6/23/2023
The Ministry of Finance in Kurdistan Region announced on Thursday that the process of distributing employee salaries will end before Eid.
"The distribution of salaries will continue on Saturday, corresponding to 24/6, as the process will end before Eid al-Adha," the ministry said in a statement received by Shafaq News agency.
The ministry had announced earlier that it had received 400 billion dinars from Baghdad to finance the salaries of employees for the month of May. LINK
Clare: The Iraq Stock Exchange trades shares worth more than 9 billion dinars
6/22/2023
The Iraq Stock Exchange announced, on Thursday, that billions of shares have been traded, with a financial value of more than 9 billion, during several sessions organized this week.
According to the market’s weekly trading indicators, during the third week of June 2023, there will be five trading sessions, from Sunday 06/18/2023 to Thursday 06/22/2023.
The market indicated that it achieved the following indicators during this week:
1. The number of shares traded during this week amounted to more than (8) billion shares.
2. The value of shares traded this week amounted to more than (9) billion dinars.
3. The trading index in the market closed for the first session of the week at (677.69) points, while the index closed at the end of the week at (666.52) points, achieving a decrease of (1.68%) from its closing at the beginning of the session.
4. During the week, more than (3100) buying and selling contracts were executed on the shares of companies listed in the market. LINK
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Courtesy of Dinar Guru
Walkingstick [via Frank26] To be a member of the WTO Iraq has to collect taxes from its citizens...they have to describe how the exchange rate is determined and whether or not the currency is convertible and tradable and if their foreign exchange rate is freely able to use for trade and make payments with it.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV saying Iraq has finished all the requirements for joining the WTO. Saying all financial agreements reached and Iraq is planning to join the WTO FRANK: This is monstrous. What are the requirements to join the WTO? ...You do not have to have an International exchange rate to be a part of the WTO but it's very encouraging to see they want to join because the financial requirements are part of the monetary reform. And to join the WTO is the first steps to go international.
LIVE! Forget Regional Banks... BIG TROUBLE IS COMING FOR THE MAJOR BANKS! Expect BAILOUTS.
Greg Mannarino: 6-23-2023
Congress: The US Dollar As An Economic "Weapon" Is Declining
Lena Petrova: 6-23-2023