"Tidbits From TNT" Tuesday Morning 12-15-2020

TNT:

Tishwash:   Al-Rasheed Bank grants special interest to fixed deposits

On Tuesday, Al-Rasheed Bank announced a 7% interest rate for fixed deposits.

"The time limit for these deposits is two and a half years," the information office said in a statement to The Twilight News. 

"Individual citizens, companies, associations and other sectors can open these deposit accounts and get interest at our bank branches in iraq's provinces," he said.

State banks are seeking to invest in the money, which is estimated by the central bank to be more than 77 percent of the money traded on the market.   link

Tishwash:  Expert: The exchange rate hike is caused by irresponsible statements

Economic expert Dawood Abd Zayer considered, on Tuesday, that what happened in the local market in terms of the rise in the exchange rate of the dinar is not responsible for the central bank, but rather it is caused by speculators taking advantage of irresponsible statements, stressing that the exchange rate will decrease in the coming days.

Zayer said in a statement to / the information /, that “the weakness of the financial culture in Iraq may make local speculators take advantage of this, and the statements of the existence of a proposal to raise the exchange rate of the Iraqi dinar against the dollar have been exploited, which led to local chaos, as the exchange rate is still stable at the Central Bank. “.

He added that "the irresponsible statements that do not have any basis on reality led to this fabricated chaos and that the exchange rate will return within the few days."

Abd Zayer demanded, "Officials, especially those who have no experience in the financial aspect, not to raise such statements because the only affected will be the general population of the poor and low-income because of the rise in foodstuffs and others, in addition to that it will be a free service for currency speculators."  link

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Tishwash:  A deputy is likely to send the budget to Parliament after tomorrow, Thursday

Member of the Parliamentary Economic and Investment Committee, Nada Shaker Jawdat, confirmed, Thursday, that the Council of Ministers has completed its review of the draft budget law and that it is dependent on a final agreement, likely to be sent next Thursday.

Jawdat said in a statement to / the information /, that "the draft budget law has been completed revision and will remain in it only the completion of the final agreement with the regional delegation, the presidency of Qubad Talabani, who is in Baghdad."

He added that "the government and the Kurdish delegation almost definitively agreed on the terms of the budget according to the terms of the fiscal deficit law, which was considered a law for the 2020 budget," it is likely that "the bill will be sent next Thursday." Jawdat indicated that "the vote on the budget will not take more than forty days."   link

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Tishwash:   Talabani: Kurdistan is ready to implement the implementation of the law to bridge the fiscal deficit

Member of Parliament, Alaa Talabani, said that the Kurdistan Regional Government is ready to implement the fiscal deficit bridging law recently voted by the parliament.

She added that the Kurdish delegation is in Baghdad, in order to implement Article Seven of Saad’s Financial Deficit Law, as the region will grant the amount of oil agreed upon with SOMO as well as half of the non-oil revenues.

And she stressed that it requires the region to solve the problems with Baghdad to overcome the current and future crisis that will arise after the implementation of the 2021 budget   link

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Tishwash:  Finance announces the launch of employees' salaries for the month of December

The Ministry of Finance announced, on Sunday, the release of employees' salaries for the current month of December.

The ministry said in a statement that it received "the information", a copy of it, that it "directed the Accounting Department, Sunday, 12/13/2020, to release the salaries of employees for the month of December, for all ministries of self-financing and centralization, as of this day."

She added that "the Accounting Department has started to launch financing procedures for all ministries and entities not linked to a ministry to enable them to disburse employees' salaries for the month of December."   link

Mot:  With the love and understanding in his voice that all men who are married to Blondes exhibit,

One winter morning a husband and wife in southern Winnipeg were listening to the radio during breakfast.

They heard the announcer say, "We are going to have 8 to 10 inches of snow today. You must park your car on the even-numbered side of the street, so the snowplows can get through.

"So the good wife went out and moved her car.

A week later while they are eating breakfast again, the radio announcer said, "We are expecting 10 to 12 inches of snow today. You must park your car on the odd-numbered side of the street, so the snowplows can get through."

The good wife went out and moved her car again.

 The next week they are again having breakfast, when the radio announcer says, "We are expecting 12 to 14 inches of snow today. You must park..." Then the electric power went out.

The good wife was very upset, and with a worried look on her....face she said,

honey, I don't know what to do. Which side of the street do I need to park on so the snowplows can get through?"

With the love and understanding in his voice that all men who are married to Blondes exhibit, the husband replied,

"Why don't you just leave it in the garage this time?

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Yet Another --- Tip fer Crank Callers!!! --- from Mot of course!! ~~~