More News, Rumors and Opinions Saturday PM 11-9-2024
TNT:
Tishwash: An agreement between (Hisabi) and (TBI) to open two new branches and install dozens of ATMs in Kurdistan
The Hesabi team and the Trade Bank of Iraq (TBI) have reached an agreement to speed up employee registration and card distribution procedures, as well as install ATMs across the Kurdistan Region to facilitate cash withdrawals.
Today, Thursday, November 7, 2024, the Trade Bank of Iraq (TBI) and the (Hisabi) team held their first meeting, where they agreed to expand the bank’s services to the employees of the Kurdistan Region, similar to other banks participating in the (Hisabi) project.
The agreed services include the opening of two new branches of the Trade Bank of Iraq in Erbil and Sulaymaniyah governorates, in addition to installing dozens of ATMs within “Hisabi” booths throughout the Kurdistan Region, with plans to distribute more than 10,000 (TBI) cards to employees.
The number of employees registered in the “My Account” project has so far reached about 700,000 employees, who will benefit from all financial and banking services provided by the eight banks participating in the project, including facilities for employees and salary recipients.
On Sunday, November 3, 2024, the Trade Bank of Iraq (TBI) announced the signing of a contract with the (Hisabi) project to localize the salaries of employees of the Kurdistan Region.
The bank explained in a statement that "this signing comes in line with the decisions of the Federal Supreme Court, and based on the directives of Prime Minister Mohammed Shia al-Sudani, regarding the necessity of the Iraqi Trade Bank's participation in the process of localizing the salaries of employees of the Kurdistan Region."
Below are some of the services provided by the (My Account) banking project:
1- You can access hundreds of ATMs and withdraw all the user's money at once and for free.
2- The devices are available for use 24 hours a day, 7 days a week, allowing employees to withdraw their money at any time they see fit.
3- A variety of different bank loans and advances can be obtained.
4- Direct debit cards can be used to make purchases online and through card readers known as (PoS).
5- The system allows safe and reliable money transfers inside and outside the country.
6- You can access the bank’s mobile application to follow up on your account movements, and receive notifications on your phone when salaries arrive. link
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:Alaq is on television calling for the price of oil in the budget to be adjusted to $40. It's currently at $70. The only reason we see this happening is Alaq knows there is going to be a rate change... FRANK: That's right, because of a new exchange rate that is coming and because of the oil that will be used in 2025 with the new exchange rate.
Mnt Goat My...CBI...contact...told me there is a planned meeting next week with the director Al Al-Alaq to review the status of the committee work and plan out the next phase of the project to delete the zeros. I was told that the CBI will no longer be supporting the currency auctions come the end of the year...she told me they are now working on many more foreign banks besides the already arranged four (4) U.S. banks that are going to also come into process of supporting the international conversion of dinar to dollars on payment of imports to Iraq. Why would these other banks want to exchange dinars if they were not going to be worth something and globally traded? ...This news was VERY good news for all of us. It tells us there is going be some huge change in policy of currency exchange for international trade with Iraq.
************
KTFA:
Clare: Al-Sudani and Trump agree to coordinate to stop regional wars and meet soon
11/9/2024
Prime Minister Mohammed Shia Al-Sudani made a phone call today, Friday, with US President-elect Donald Trump, in which he expressed his congratulations to the President and the American people on the occasion of winning the elections, and the great confidence that the American people have given him.
The two sides also stressed, according to a statement by the Prime Minister's Office, a copy of which was received by {Euphrates News}: "The desire to proceed with the strategic partnership between the two countries, and to strengthen bilateral relations in ways that go beyond the security aspect, through close cooperation in the fields of economy, finance, energy, and technology."
The Prime Minister pointed out that he was "aware of Trump's words and promises during the election campaign, which included his commitment to ending wars in the region, and the two sides agreed to coordinate together to achieve this."
For his part, the US President-elect expressed his desire to work positively with the Prime Minister, and to meet soon to discuss expanding relations between Iraq and the United States of America, and to work on these common files. LINK
OUT OF CONTROL Bond Yields WILL Trigger Economic CHAOS! - Peter Schiff
Financial Wisdom: 11-9-2024
In his latest interview, Peter Schiff warns that the U.S. economy is on the brink of a major crisis due to soaring national debt, large budget deficits, and rising interest rates. He emphasizes that inflation is already a significant issue and that political promises to reduce spending are unlikely to materialize.
Schiff suggests that the U.S. dollar will weaken as the government resorts to tax cuts and quantitative easing, making assets like gold and silver more attractive for investors. -----