News, Rumors and Opinions Sunday 3-30-2025
KTFA:
Clare: Office of Grand Ayatollah Sistani: Tomorrow, Monday, is the first day of Eid al-Fitr.
3/30/2025
Najaf -
The office of the Grand Ayatollah Ali al-Sistani announced that tomorrow, Monday, is the first of Shawwal 1446 AH, and the first day of Eid al-Fitr. LINK
Clare: The Central Bank to Nina: We will launch a major initiative to finance industrial projects.
3/30/2025 Baghdad /
The Central Bank of Iraq announced its intention to launch a major initiative to finance industrial projects in cooperation with the Trade Bank of Iraq and the Industrial Bank.
The Governor of the Central Bank, Ali Al-Alaq, said in a statement to the National Iraqi News Agency ( NINA ), "We are currently making arrangements to finance major industrial projects through coordination between the Trade Bank of Iraq and the Industrial Bank, by taking advantage of the liquidity available at the Trade Bank of Iraq and recycling these funds in the Industrial Bank to launch a major initiative to finance industrial projects in Iraq, which will see the light soon."
He added, "This initiative was recently proposed by the Council of Ministers, within the framework of the government banking sector reform program and government procedures with the Central Bank, indicating that the Council of Ministers agreed to have cooperation between government banks with a financial surplus to finance a package of industrial projects through the Industrial Bank."
He explained that "all other projects are financed according to their sectoral channels, within the general government direction to support industrial, agricultural, housing, education, health, investment and other projects." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
MarkZ [via PDK] I continue to hear from bond contacts that they were told they would conclude their transactions this coming week. They have been telling me that now for about 3 days. They are exceptionally hopeful that this movie is coming to an end and the roller coaster ride is almost over. I was always told when the bond holders get paid – currency folks...will go within 3-10 days.
Militia Man 1310 is not a traditional currency. What Iraq used to be is a 'previous era' from the old 'glory days', that was a traditional value. Is it going to be something like that? We're going to have to wait and see but obviously they're getting ready to show and launch a digital dinar in the country of Iraq.
STAGFLATION WARNING: Panic Begins as Inflation Rises, Economy Slows and Trade Policy Chaos Deepens
Lena Petroa: 3-30-2025
MARKETS A LOOK AHEAD: "When Reality Is Distorted." (Beyond The Markets).
Greg Mannarino: 3-30-2025
