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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Economist: Financial bonds target citizens’ hoarded funds..and lists their benefits

    Rocky
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    • Post n°1

    Economist: Financial bonds target citizens’ hoarded funds..and lists their benefits Empty Economist: Financial bonds target citizens’ hoarded funds..and lists their benefits

    Post by Rocky Fri 19 Jul 2024, 5:21 am

    Economist: Financial bonds target citizens’ hoarded funds..and lists their benefits
    • Time: 2024/07/18 20:43:51
       
    • Read: 4,602 times

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    {Economic: Al Furat News} The economic expert, Abdul Rahman Al-Shaikhli, confirmed that the financial bonds, “second issue,” target the hoarded money of citizens, while he listed its benefits.
    Useful summary.. In important news you can find it on Al Furat News channel on Telegram.. [You must be registered and logged in to see this link.]
    Al-Shaikhli told {Euphrates News} that: "The bonds issued by the Ministry of Finance are the second and very important; for the purpose of withdrawing the hoarded money of citizens to revolve in the orbit of banking channels."
    He added, "About 85% of the issued money is hoarded by citizens and causes an imbalance in the national economy as well as a state of inflation."
    Al-Shaikhli explained, "The specified amount will be divided into two types, one for a period of one year and the other for two years with an annual profit value of 6.5% taken monthly, and also for four years the citizen can obtain it with an interest of 8.5%."
    Regarding the method of obtaining this money, Al-Shaikhli explained, "The citizen, companies and individuals submit a request to the authorized bank with their original papers and documents, then the amount is delivered at the initial price of the share, and after a period of time, this money is sent with copies of the supporting documents to the Central Bank, so the transaction is completed and an official receipt is sent to the shareholder, and he has the right at that time to enter the Iraqi financial market and recover the money at the time he wishes." 
    He added, "These funds are not considered frozen like deposits, but rather enter the stock market, and therefore it has the right to be traded at the daily price. The issuance will be on July 22nd for a period of one month."
     
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