Iraq Economic News and Points to Ponder Tuesday AM 1-16-24
Tlm724 Administrator Bondlady’s Corner
Finance Continues To Make Construction Bonds Available Until January 30
January 15, 2024 Last updated: January 15, 2024 Al-Independent/- The Ministry of Finance announced today, Monday, that construction bonds will continue to be available to citizens until January 30. A statement from the ministry explained,
“The new issuance, worth 2 trillion Iraqi dinars, is negotiable on the Iraqi securities market and will be available in the form of two denominations, the first at a price of 500 thousand dinars, with an annual interest of 6%, for a period of two years, and the second at a price of one million dinars, with an annual interest of 6%.” 8% for 4 years.”
The statement indicated that “the purchase and trading of the bonds offered are exempt from taxes according to what is stated in the General Federal Budget Law No. 13 of 2023,” indicating that
“these bonds are issued with a guarantee from the Ministry of Finance, and the bond can be acquired by submitting an application to one of the official banks approved and registered with the bank.” Central.” According to the statement,
the Ministry called on “investors and citizens to take advantage of the offer and take the initiative to benefit from this investment opportunity.”
comment
The Ministry of Finance’s availability of construction bonds comes as a continuation of the government’s efforts to enhance the development and investment aspects in the country.
Reconstruction bonds are considered a good investment opportunity for citizens, as they provide them with a reasonable financial return, and they also contribute to supporting the national economy.
It should be noted that the first issuance of reconstruction bonds achieved great success, as the entire quantity offered was sold. https://mustaqila.com/المالية-تستمر-بإتاحة-سندات-الإعمار-لغ/
Qi” Company Provides Western Union Service In The Qi Services Application
January 15, 2024Last updated: January 15, 2024 Independent/- The international smart card company “Qi” announced the availability of the Western Union service in the Qi services application.
An official source in the company said that the company’s customers can now send money easily and safely through Rafidain Bank cards.
He added that the sending mechanism has become much easier than before and saves time and effort for the customer, and the transfer can be sent from the customer’s website without suffering.
The source indicated that the company is committed to its audience to develop electronic performance in the country, and this is in line with government and central bank directions to move away from cash and cash transactions. https://mustaqila.com/شركة-كي-توفر-خدمة-ويستيرن-يونيون-في-تط/
Al-Nasik Islamic Bank Renews Calls For Developing The Banking System
January 15, 2024 Last updated: January 15, 2024 Al-Independent/- The authorized director of Al-Nasik Islamic Bank, Dr., confirmed. Abdel Hafez Abdel Latif:
Achieving economic renaissance apart from adopting an advanced banking system is something that cannot bring the economy to its desired goals. Abdul Latif said,
“We affirm that the basis for building the economy is based on the possibility of adopting an advanced global monetary system capable of providing support for service and production economic projects.”
He pointed out:
The local and foreign investment effort wishing to enter Iraq is in dire need of advanced banking services that guarantee capital entering the country, in addition to the capabilities of supporting projects financially. He pointed out that there is confusion in the performance of some banks,
while at the same time there are private banks that provide acceptable services, especially since they are required to provide the best services by adopting advanced monetary work methods that they must follow within their work system.
https://mustaqila.com/مصرف-الناسك-الاسلامي-يجدد-دعوات-تطوير/
Instructions And Standards For The Circulation And Exchange Of Banknotes And Counting And Sorting Mechanisms
January 15, 2024 :diamonds: Instructions and standards for circulation and exchange of banknotes, and counting and sorting mechanisms.. For more, click here
https://cbi.iq/static/uploads/up/file-170531915761193.pdf
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points To Ponder on Adversity:
Men habitually use only a small part of the powers which they possess and which they might use under appropriate circumstances. – William James
It is the north wind that lashes men into Vikings; it is the soft, luscious south wind which lulls them to lotus dreams. – Ouida
It is grief that develops the powers of the mind. – Marcel Proust
Unless a man has been kicked around a little, you can’t really depend upon him to amount to anything. – William Feather
Troubles cured you salty as a country ham, smoky to the taste, thick-skinned and tender inside. – Marge Piercy
A diamond is a chunk of coal that made good under pressure. – Anonymous
If you have to be careful because of oppression and censorship, this pressure produces diamonds. – Tatyana Tolstaya
http://famousquotesandauthors.com/topics/adversity_quotes.html
Famous Quotes and Authors, Famous Quotations for all Occasions–