News, Rumors and Opinions Thursday PM 4-20-2023
KTFA:
Clare: Iraq market stops its activity for five days
4/20/2023
The Iraqi Stock Exchange announced, on Thursday, that it has stopped its activities for five days.
In a statement received by Shafaq News agency, the market said, "Based on the Cabinet's decision to declare an official holiday for five days on the occasion of Eid Al-Fitr, it will not organize trading sessions, starting from Thursday, April 20, until next Monday."
He added, "The first trading session after the Eid holiday will be on Tuesday, April 25, according to its official timing."
It is noteworthy that the Iraq Stock Exchange organizes five trading sessions per week, from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, communications, industry, agriculture, insurance, financial investment, tourism, hotels and services. LINK
Clare: The Minister of Finance directs Al-Rasheed and Al-Rafidian employees to work during the Eid Al-Fitr holiday
4/20/2023
Finance Minister Taif Sami directed the employees of Al-Rafidain and Al-Rashid Banks to work during the Eid Al-Fitr holiday. A statement by the ministry, received by "Al-Mutala", stated that "the Minister of Finance directed the employees of Al-Rafidain and Al-Rasheed Banks to work today, Thursday, and tomorrow, Friday, and throughout the days of the Eid Al-Fitr holiday, for the purpose of completing the procedures for paying employees' salaries for the current month."
Below are the specific branches of exchange in Baghdad and the provinces: LINK
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Courtesy of Dinar Guru
Militia Man On April 13 Alaq Central Bank Governor says, 'Alert, Alert we're going to have a potential rate change.' The backdrop is bold red. To me he says Red Alert...am I reading into it? Maybe. But it really is powerful.
Frank26 Article Quote: "...we are witnessing today that the parallel exchange market is rapidly approaching the official price." Hot diggity dog. The new national currency of Iraq with a new national exchange rate! This is a powerful article. This is shove it in somebody's nose when they tell you it's a scam. Its' a great article.
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TNT:
CandyKisses: ‘Iraq 2023, Open to the World’, IBBC Mansion House Conference, June 16th, 2023
This is a big year for Iraq, and IBBC is inviting you to join us at our Mansion House, Spring Conference on June 16th in the City of London.
We are celebrating the theme ‘Iraq 2023, Open to the World’ with our members and the international business and finance community.
As the Iraqi government is set to pass a new $120bn budget for distribution, sustained by a strong oil price and increased political stability, the Internationalisation of Iraq is set to continue and accelerate.
IBBC is also developing a wider international audience, from trade initiatives with Saudi Arabia and Kuwait, members in Turkey and USA, to members services extending to the Gulf, Europe and beyond. It’s time to evaluate how Iraq can evolve and optimise the opportunities for growth.
IBBC expects a full agenda of major international companies and speakers, UK & Iraqi politicians and many networking and business development opportunities.
Key panels will include International Finance with sessions on Banking and Investment, Project Finance and Insurance, Renewable Energy and diversified services. We expect to hear from some of the most successful local and international companies working in Iraq on Infrastructure and General Trading. In addition, there will be parallel sessions on Education and Technology in dedicated spaces. Please do get in touch with us should you wish to help shape the agenda and suggest potential themes and speakers.
We are aiming to exceed last year’s record attendance and are including a special reception at One Great George Street the previous evening, 15th June as part of the ticket.
https://iraqbritainbusiness.org/event/ibbc-spring-conference-2023
Bye Bye Dollar... The US Dollars Purchasing Power Just Hit An ALL TIME LOW, And Going Lower.
Greg Mannarino: 4-20-2023
SILVER ALERT! The World Will Soon Discover That There's Not Enough Silver for EVERYONE!!
(Bix Weir) 4-20-2023
The entire world is racing into a digital future and building out the infrastructure to support it. That will come to an ABRUPT STOP when they cannot find any SILVER at ANY PRICE!! At that moment there will be 8 Billion People that will be bidding on the LAST OUNCE of SILVER!!