"Tidbits From TNT" Friday AM 7-29-2022

Jul 29

TNT:

Tishwash: The Kurdistan Regional Government will suspend the official working hours tomorrow, Saturday

On the occasion of the Islamic New Year, the Kurdistan Regional Government of Iraq will suspend working hours in official departments and institutions.

According to the Hijri calendar in which the Kingdom of Saudi Arabia operates and on which most Islamic countries depend on religious occasions, tomorrow, Saturday, July 30, will be the first day of the Hijri year (1 Muharram) of the year 1444 AH.

According to the official holidays schedule of the Kurdistan Regional Government, the first of Muharram will be an official holiday on the occasion of the Islamic New Year.

The regional government excludes health institutions, evening counseling clinics, and security services from official holidays in order to provide the necessary services to citizens. link

OneGroundhog: I haven’t been on here in a long time. Sounds like the same old story.

RVAlready: It is not the same old story. We are now pretty sure that the CBI is ready to push the button. They will do so as soon as parliament votes in a new president of the republic. In other words, we may be days away from the RV.

RVAlready: It had to happen. There are treaties and agreements insisting that it happen. And now, the people of Iraq are getting angry that it hasn’t happened. So, it has to happen.

RVAlready: I have a feeling that the people will overthrow the framework, and force the parliament to accept a president of the republic acceptable to the people very soon.

CaliforniaSugar: Zmbabwe has gold coins in an effort to move away from use of the USD. Even more countries are announcing the return to the gold standard - Saudia Arabia, Nigeria and India. Saudia Arabia and India are part of BRICS. My guess is that Nigeria will join as well.

Speedy: They may call it the gold standard, but there is nowhere near enough gold in all the World to cover for the paper currency that is in circulation !!! I think asset backed currencies is a far more accurate term !!!

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CandyKisses: Allawi: The United Nations informed us of the need to amend the constitution, hold a national conference, and hold early elections

The leader of the National Coalition, Dr. Iyad Allawi, announced that the deputy head of the United Nations mission informed us of the arrival of a conviction that Iraq needs to amend the constitution, hold a national conference, and hold early elections with the participation of all without exception.

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Tishwash: The profits of 9 banks from the currency difference as a result of the daily auction of the Central Bank amounted to 400 million dinars per day

Sales and foreign remittances of foreign currency accounted for the total sales of the Central Bank on Thursday, representing more than 92%, while the rest of the sales went as cash sales.

Today, during its auction for buying and selling US dollars, the Central Bank sold 250 million and 730 thousand and 358 US dollars, which were covered by the bank at a base exchange rate of 1460 dinars per dollar.

Most of these sales went to enhance balances abroad in the form of remittances and credits, amounting to 230 million, 980 and 358 dollars, while the rest went in the form of cash sales, which amounted to 19 million and 750 thousand dollars.

And 32 banks fulfilled requests to enhance balances abroad, and 9 banks to meet cash requests, in addition to 86 intermediary companies.

While the cash sales amounted to about 20 million dollars, and while the difference between the price of buying the dollar from the central bank and selling it in the market is about 20 dinars per dollar, the value of the profits from cash sales for the nine banks participating in the auction is 400 million dinars, and about 44 million dinars for each bank. as daily profit link

Mot: Choices, choices... Choices, choices...