Tuesday, October 17, 2023
"RV UPDATE" BY BABYSMOM & RAYREN98, 17 OCT
Babysmom
...WE WON'T KNOW WHAT THE RATES WILL BE UNTIL THE DAY WE EXCHANGE..
.MOST RECENT ANTICIPATED OPENING RATES AS PER RAY [Guru RayRen98] DONG .47... DINAR 3.81...
RayRen98
.. .I DO "BELIEVE" THAT IT HAS BEGUN!! RATES DID CHANGE IN IRAQ LAST WEEK...MAYBE AGAIN OVER THE WEEKEND?
WAITING TO HEAR FROM SOME FOLKS WHO WERE EXCITED LAST NIGHT AND WERE LOOKING TO SEE SOMETHING (BEHIND THE SCENES) THROUGHOUT THE NIGHT...TIME WILL TELL
Al-Kadhimi: The decision to increase the interest rate will activate the banking system inside Iraq, 17 OCT
Al-Kadhimi: The decision to increase the interest rate will activate the banking system inside Iraq, 17 OCT
On Tuesday, the Parliamentary Finance Committee approved the Central Bank of Iraq’s decision to increase interest rates for bank depositors, as it will help revitalize and organize the banking system.
According to Moeen Al-Kadhimi, a member of the Finance Committee, the Central Bank’s decision to increase the interest rate is part of Iraq’s banking reform measures. This is in line with Prime Minister Muhammad Shia’a Al-Sudani’s directive to organize and revitalize the country’s banking system.
“The interest rate increase will motivate citizens to deposit their money in banks. This will boost financial activity and lead to investment in various projects. Additionally, it will positively impact reducing the exchange rate of the US dollar against the Iraqi dinar,” he said.
Al-Kadhimi stated that the Central Bank of Iraq is moving towards full automation of financial transactions within Iraq.
During the 31st session of the Ministerial Council for the Economy held yesterday on Monday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced an increase in the interest rate for amounts deposited in banks to 7.5%. This move is aimed at encouraging citizens to deposit their money in banks rather than keeping it outside the banking system as cash.
The oil and gas law will be postponed to the next legislative year.. Representative: We need 6 months, 17 OCT
The oil and gas law will be postponed to the next legislative year.. Representative: We need 6 months, 17 OCT
The Committee for Oil, Gas, and Natural Resources has announced that it needs six more months to create a draft oil and gas law that will be agreeable to all parties involved. The committee also mentioned that the Kurdistan Regional Government has presented a vision for the Oil and Gas Law to the Ministry of Oil. This announcement was made on Tuesday, October 17th, 2023.
According to Representative Ali Shaddad, who heads the Legislation Committee in the Oil, Gas and Natural Resources Committee, this committee is a vital subcommittee within the parliamentary oil and gas committee. Its main focus is on legislation and laws related to the oil and gas sector. In an interview with Al-Sumaria News, he emphasized the importance of the committee’s role in shaping the legal framework for this critical industry.
In today’s meeting, the Oil Ministry hosted the Director General of the Legal Department and a group of jurists to discuss amendments to the laws in the oil sector. Seven laws related to the oil and gas sector were discussed, with a major focus on the National Oil Company Law. Shaddad, who was present at the meeting, explained that some provisions of the law had been canceled, leading many to believe that the law had been repealed, but the formation of the National Oil Company had only been stopped. To revive the law, a set of amendments is required, which is in line with the directives of the federal government to the Oil Ministry.
During a recent interview, Shaddad, an official from the Iraqi Oil Ministry, spoke about the importance of the oil and gas law in the country. He highlighted that a total of 6 meetings have taken place, with 3 of them being with the committee formed by the regional government, and the other 3 with the governors and representatives of the oil-producing governorates. The ministry has developed a preliminary draft that incorporates ideas from both the Kurdish side and the oil-producing provinces. However, repeated meetings will be required to reach a common vision on the oil and gas law. Shaddad also mentioned that council elections may cause a delay in progress for the next two months.
During a recent meeting, it was discussed that it would take about 6 months to create a draft of an oil and gas law that all parties can agree on for the Iraqi provinces. The regional government committee presented their own vision of the law to the Oil Ministry, which includes the specific texts and standards they would like to see included.
According to his statement, the project’s first reading is expected to take place during the third legislative year. The Oil Ministry has been urged to reach a unified vision and draft. The speaker emphasized that only one draft will be accepted. He also acknowledged that there could be fatigue and anger among some parties, but stressed that Iraq needs this law.
During the committee meeting, he emphasized the importance of some of the new projects under discussion, including the draft carbon footprint law and the draft oil-agricultural coexistence law. He also mentioned that a representative from some companies in the oil and gas sector will be included in the Legislation Committee of the Parliamentary Oil and Gas Committee.
The Parliamentary Oil and Gas Committee met with its subcommittee to address legal amendments, including the Oil and Gas Law and the National Oil Company Law, according to Al-Sumaria’s correspondent.
"RV UPDATE" BY TEXAS SNAKE, 17 OCT
Bueno, amigos nuevamente, hay muchos movimientos positivos en la dirección que deseamos,
pero hasta el momento no se han proporcionado avisos; sin embargo, mantengan la fe al considerar el estado de la economÃa mundial y las tensiones en el Medio Oriente, el RV serÃa una bendición para todos.
Stability in Baghdad's dollar exchange rates, increase in Erbil, 17 OCT
Stability in Baghdad's dollar exchange rates, increase in Erbil, 17 OCT
Shafaq News / The exchange rates of the US dollar remained stable in Baghdad today, Tuesday, while they increased in Erbil, the capital of the Kurdistan Region, at closing.
According to Shafaq News Agency’s correspondent, the dollar's exchange rates in Baghdad remained stable at 158,800 IQD for every $100, the same rates that were recorded earlier in the day.
Our correspondent noted that the selling prices at currency exchange shops in local markets in Baghdad remained unchanged, with the selling price at 159,750 IQD for every $100 and the buying price at 157,750 IQD for every $100.
.
In Erbil, however, the dollar saw an increase, with the selling price reaching 159,400 IQD for every $100 and the buying price at 159,300 IQD for every $100.
MILITIAMAN CC HIGHLIGHTS CC NOTES, 27 NOV
MILITIAMAN CC HIGHLIGHTS CC NOTES Summary Updates on Iraq’s federal court decisions regarding salaries, budget discussions, and Central Ban...
-
Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...