"Tidbits From TNT" Friday Morning 12-23-2022
TNT:
Tishwash: Al-Rafidain begins selling dollars to citizens, starting from Saturday
Al-Rafidain Bank announced, today, Thursday, the start of selling dollars to citizens for travel purposes, starting next Saturday.
And the media office of the bank stated in a statement received by Earth News Agency, “In implementation of the directives of the Central Bank of Iraq regarding the sale of dollars, the bank has begun selling foreign currency dollars for travel purposes, at an amount not exceeding 10 thousand US dollars for each customer deposited in the Master Card issued by the Rafidain Bank at a price 1465 Iraqi dinars per dollar.”
And he called on “citizens wishing to obtain dollars to review the Palestine Street branch on the Rusafa side and the Arab neighborhood branch next to Karkh, as of Saturday, corresponding to 12/24/2022. link
Yada: Interesting articles by Tish,,"Rasheed Bank announces direct procedures for selling the dollar for travel purposes" and "Al-Rafidain begins selling dollars to citizens, starting from Saturday (Preview)",,,,wondering if the float will start if not already?
Speedy: Pulling in more three zero notes !!!
KaseyKo1: Yada, glad you came in this evening. I think I've gotten myself turned around with the program rate business. Loved reading the article that you're referencing. Do you know approximately what rate or program rate we should be seeing when an RI is done? Thanks.
Yada: My understanding, with them going international, would mean they will not have a program rate. The article stated a program rate amount but from all Tony has stated the past few weeks, and a few other sites have commented on it as well, the low rate may be released. Seems like a winner to get the people of Iraq to give up their 25k notes and if trading with the dinar, I'd think they pairing with the dollar,, That $1.60 may be what we see,,,,,,,,LOL, just my think on the articles.
Strangersolo: Hi everyone, if the IQD comes out on the old Forex at .25 1to 1 or $1.60 it should not matter for it will only be a few days weeks or months for the full RI/RV or GCR to take affect
RVAlready: Hoping for an RV Jan 3. I think the govt does not want any real change until then. Otherwise, they would have delivered by Christmas, as promised. This journey has taught me, anytime govt says good RV news, take it with a dump truck load of salt. Liars for decades!!!!!
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Tishwash: US Firm Wins $134m Logistics Contract in Iraq
Texas-based Bell Helicopter, a wholly-owned subsidiary of Textron Inc., has been awarded a $134,592,912 modification (PZ0010) to contract W58RGZ-22-C-0012 for logistics services.
Work will be performed in Iraq, with an estimated completion date of Feb. 22, 2027.
(Source: US Dept of Defense) link
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Tishwash: Parliament places the budget at the top of its priorities after its recess
The legislative house is preparing to return from its recess early next month, awaiting the general budget law, which will be one of the parliament's first priorities at a time when citizens have high hopes about the projects and job grades that the law will contain
There is no talk above talking about the general budget law, whether in the street or even in the halls of parliament, a budget that the citizen eagerly awaits and also the legislative house, which will be one of its first priorities after returning from the legislative recess, according to what representatives confirmed
The next year's budget will bring excellent conditions in terms of financial abundance and large central reserves compared to previous years, which many rely on to be different in terms of investments and job grades.
While parliamentary circles confirmed their need for nearly two months to prepare the budget law inside the legislative house as soon as it arrived from the government, after which the law would be voted on.
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Tishwash: The Iranian currency recorded the largest decline in its history
The Iranian riyal recorded, on Thursday, in the Tehran free market against foreign currencies, a new collapse, the highest since the "Iranian Revolution" in 1979, as the price of the US dollar exceeded the value of 400,000 Iranian riyals.
Websites dealing with banking affairs in Tehran, including the "Sadaqa" exchange, which is one of the largest exchanges, offered the value of US dollars trading at 410,000 Iranian riyals, according to Eram Network.
State banks offered the price of the US dollar at 362,000 Iranian riyals, according to the Iranian "Tijara News" website.
The site indicated in a report that some financial market analysts believe that the price of the dollar will rise if there is no favorable news about the nuclear negotiations of the Joint Comprehensive Plan of Action (the nuclear agreement).
The report stated that "the riyal will face a difficult winter in Iran in the event that there is no news of the return of nuclear negotiations," adding: "Since last Tuesday, the price of the dollar has fluctuated between rise and fall."
The government of Iranian President Ebrahim Raisi blamed the turmoil in the currency and auto markets on the so-called "enemy" and "previous governments".
The price of all types of cars has risen between 300 million ($800) and one billion Iranian riyals ($2,600) in the past few days, while market experts expect this increasing trend to continue in the coming months, especially in the car market.
On Tuesday, government spokesman Ali Bahadri Jahromi accused Hassan Rouhani's government of manipulating the currency market, and said, "Raisi's government is not like a government in which the price of the dollar has increased more than ten times."
The government official also said about the rise in the exchange rate to 400,000 riyals that this "temporary price increase" should not be used as a basis for judgment, and if "liquidity creation is curbed, the impact will be tangible," as he put it. link
Mot: .. Hey!! -- Wake Up Dude!! ~~~~~
Mot: .... the Joys of Wrapping Paper! ~~~~
