"Tidbits From TNT" Wednesday AM 6-28-2023

TNT:

CandyKisses:  Shiite authority sets today the first day of Eid al-Adha

Baghdad – Nas  

Shiite cleric Kamal al-Haidari set Wednesday as the first day of Eid al-Adha.     

Al-Haidari's office said in a statement seen by "Nas", (June 28, 2023), "Wednesday, 28/6, is the first day of Eid al-Adha, according to the jurisprudential building of His Eminence the religious authority, Ayatollah Sayyid Kamal al-Haidari."  

He added, "We send all Muslims the highest congratulations and blessings on the occasion of the advent of the feast of slavery, Eid al-Adha, may God Almighty return it to us and all Muslims in Yemen, goodness and blessings, and every year you are fine."  

Tishwash:  Money exchange: “strong withdrawal” of 5 !thousand dinars

Shops and exchange companies are witnessing an unprecedented demand for the .five thousand dinars category, in the first hours of Eid Al-Adha

Miqdad Rasim - owner of a money exchange in Baquba 

Most exchange companies began witnessing, since yesterday, a demand for the five thousand dinars category, as many employees whose salaries were spent during the past hours preferred to withdraw large portions of them in the form of ”.“fives Many customers asked for varying amounts, between $50 and $100, to be .exchanged for“fives,” and some asked for tens The demand for“fives” in preparation for the feast, as it is the category most ”.used by the middle class as “feasts

:Mustafa Al-Zuhairi - citizen

This afternoon I went to a store in the Tahrir neighborhood and cashed 100,000 .dinars and put them in the wallet for tomorrow's Eid holidays I have two brothers and two sisters, and their children total 11 children, in addition to relatives. If I want to give an amount of more than 5,000 to each, as happened on Eid al-Fitr, my salary will not be enough to complete the month, so I do not .want to repeat the mistakes of the previous Eid    link

GodsGrace2: Loving the story about the 5k notes…Tony always talked about them releasing the smaller denoms in country as something we were waiting for. I know I've been away a while but he used to talk about them releasing the smaller notes in country as being a sign

GodsGrace2:  I'm taking it as a good sign. Unprecedented demand in the area of money being given away is a good sign to me.  Seems like it's one thing for the mucketty mucks to start spending money and buying planes, but when it's passed down and the people start doing releasing what they've been holding on to, it sounds like a good thing

Pearle:  So have they been using the lower denominations?

GodsGrace2:  Pearl, one of the sentences says many customers asked for varying amounts, between $50 and $100, to be .exchanged for“fives, Are those or are they not lower denoms?

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Tishwash:  ATFX Launches Ops in Iraq with Ashur Bank

UK-based online trading and foreign exchange company ATFX has announced the start of operations in Iraq, in partnership with Iraq's Ashur Bank.

The agreement was signed in Jordan by Joe Li, Global Chairman of ATFX, and Ziad Fatayer, the CEO of Ashur Bank.

Speacking at the event, Managing Director of ATFX Levant, Mr. Ahmad Disi, highlighted the significance of expanding into Iraq, emphasising the immense potential of the Iraqi market and the valuable opportunities it presented.  link

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Tishwash:  What is the central bank aiming at by merging exchange companies?

 The Central Bank of Iraq aims, through the merger of exchange companies under category A and B, to strengthen the supervisory role, as the importance of the merger is highlighted by the repercussions of the presence of large numbers of exchange companies in an unregulated economic sector, and the importance of merging companies to reduce their numbers on the one hand and raise the level of their organization on the other hand.

Merger is one of the most important steps that can be taken to enhance control over exchange companies and improve their financial performance, which helps them overcome the difficulties and problems they suffer from.

From the above, companies must be classified, for the purpose of showing the efficiency of the company with all its regulatory departments, the extent of its commitment and granting it advantages over other companies.

There is an example of these privileges that the Central Bank is supposed to grant to companies committed to banking standards:

1/ Promoting the transactions submitted by the company in record time compared to the remaining companies

2/ Increasing the share of the weekly auction

3/ Directing letters of thanks and appreciation to the company

4/ Contracting companies with exchange companies Foreign and granting them part of the foreign transfers of citizens.   link

Mot . ooooh..... ooooh..... ooooh..... ((( Uve been warned )))

Mot: ... A Piece of Ancient History was Found in da Creek!!! ~~~~