More News, Rumors and Opinions Friday Afternoon 12-27-2024
KTFA:
Clare: Iraq Stock Market Report
27th December 2024
Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 26th December 2024).
Please click here to view a table of listed companies and their associated ticker codes.
Note: ISX will be closed from December 31, 2024 until January 6, 2025 due to the end-of-year closing operations. The last trading session of 2024 will be on December 30, and the first trading session of 2025 will be on January 7. LINK
Clare: The Central Bank of Iraq honors the members of the Issuance and Treasury Department on their career day
December 26, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, sponsored the first annual celebration for the employees of the issuance and treasuries in the bank and its branches.
The ceremony witnessed the honoring of the employees who won a symbolic shield in appreciation of their distinguished efforts, by the Governor, the Deputy, the Director of the Issuance and Treasury Department, and the branch managers.
His Excellency the Governor praised, during a speech on the sidelines of the celebration, the contributions of all employees of the Central Bank of Iraq, especially the employees of the Issuance and Treasury Department, whose work nature and positions differ from other departments and sections.
His Excellency stressed that we had previously directed to hold a special celebration for the employees of the issuance and treasuries, and this comes in appreciation of their great efforts in the process of sorting, printing, and issuing currency and other basic tasks of their work.
Central Bank of Iraq
Media Office
December 26, 2024
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Clare: Parliamentary Finance: Digital financial transformation will eliminate corruption and money laundering
12/24/2024 Baghdad - WAA - Wissam Al-Mulla
The Parliamentary Finance Committee confirmed, on Friday, that the digital financial transformation will eliminate corruption and money laundering.
The head of the committee, Atwan Al-Atwani, said in a statement to the Iraqi News Agency (INA), "The digital transformation in the financial aspect has become essential and very important to achieve a qualitative shift in sustainable development, and through applications it is possible to provide many job opportunities and provide cash liquidity to the Ministry of Finance."
He added that "banking needs a qualitative shift, considering that digital transformation eliminates corruption and gets rid of money laundering," explaining that "digital transformation is not a luxury, but rather essential to keep pace with the global development that is proceeding rapidly in this field."
During the fourth annual international scientific conference, entitled (Digital Financial Services - Challenges of Reality and Future Foresight), which was organized last Tuesday, the Ministry of Finance announced that it has made great strides in digital transformation and electronic payment, while indicating that progress has been made in the field of automating customs procedures to ensure financial sustainability and economic diversification. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is talking about the discussion for adjustment to have a new exchange rate. Can you believe that Mr. Frank? Every day they tell us they're going to give us a new exchange rate...You know why they're telling us they're going to give us a new exchange rate? They say since the auctions are stopping. FRANK: Tell parliament to moooove over...The cash cow is coming to an end... It's coming, that's all there is to it.
Walkingstick After they stop the auction the nation of Iraq's currency has to be backed by something. It will no longer be backed by the American dollar. But with a basket, the other currencies can back up the Iraqi dinar. But that's not the best way for it to go. The best way is for the Iraq dinar to be backed by gold or by its assets inside of that basket giving it the most power for all the other currencies...No doubt the currency of Iraq is not just backed by oil but by endless amount of things
Roadmap to Ending the Fed, 'It Can Be Done' Says Ron Paul
Commodity Culture: 12-27-2024
Ron Paul has been a staunch advocate of sound money, fiscal responsibility, and putting an end to the Federal Reserve banking system for his whole political career, and he lays out a roadmap for how to put an end to the Fed, once and for all.
Dr. Paul also gives his take on DOGE and its chances of success, the possibility of America returning to a gold standard, and much more.
00:00 Introduction
00:41 Can the Debt Issue in the US Be Solved?
05:44 Can We Return to a Gold Standard?
12:42 Is DOGE Another Grace Commission?
16:41 Roadmap to Ending the Fed
21:15 Auditing America's Gold Reserves
26:08 Incentivizing US Uranium Production