Sunday, December 31, 2023
Iran announces the start of settling its exports to Iraq in its currency, 1 JAN
Iran announces the start of settling its exports to Iraq in its currency
Information/Baghdad..
The Governor of the Central Bank of Iran confirmed the start of a project to settle the country’s exports abroad in the national currency, the riyal.
Muhammad Reza Farzin said on the sidelines of the meeting of the Government and Private Sector Council in Khorasan Razavi Province (northeastern Iran), that “the issue of settling Iranian exports via the riyal currency outside the borders has been studied by the Central Bank for several months, and that its entry into force will address the requirements of exporters to Iraq and Afghanistan.”
He added, “This issue is one of the demands of Mashhad’s merchants for export to Afghanistan, and through the implementation of the ‘Rial Offshore’ project (riyals outside the borders), merchants will be able to benefit from it instead of foreign currency.”
He pointed out that “the regulations for the cross-border riyal project have been formulated by the Central Bank, and in practice two banks have started this project, and soon it will be circulated to all the country’s banks.”
It is noteworthy that the Federal Reserve Bank, the US central bank, imposed procedures and restrictions on external financial transfers from Iraq, to ensure that they do not reach Tehran.
almaalomah.me
"RV UPDATE" BY NADER FROM MID EAST, 1 JAN
Nader From The Mid East
I hope it gets 1 to 1. I'd be happy with that...Let's see what's going on with the budget and the elimination of the dollar. Let's wait for the best and expect the best.
Don't worry about the budget. The budget has nothing to do with nothing. Has stuff to do with making the economy stronger and all that stuff but has nothing to do with the rates...Sudanese presents the 2024 budget to Parliament next month and promises to solve the problem of Kurdistan’s salaries, 31 DEC
Shafaq News/ Representatives of the protesting teachers in Sulaymaniyah revealed, on Sunday, the details of their meeting with the Prime Minister of the Federal Council, Muhammad Shiaa Al-Sudani, and the promises he made to improve the living conditions of the citizens of Kurdistan, similar to the rest of the Iraqi provinces.
Dilshad Mirani, the representative of the protesting teachers, said during a press conference held in Sulaymaniyah, attended by Shafaq News Agency, that “during the visit of a delegation of teachers, employees and retirees to Prime Minister Muhammad Shiaa Al-Sudani yesterday, Saturday, a memorandum was presented bearing all the concerns and demands of the citizens of the region.”
He added, “The Prime Minister promised to solve the salary problem early next year, and stressed that the budget law will be presented to Parliament on January 9 and will provide a solution to many problems.”
He stated that “Al-Sudani promised to open branches of Al-Rashid and Al-Rafidain Banks in the region, to ensure equal rights for citizens in Kurdistan, like those of citizens of other Iraqi provinces, to address the problem of fuel prices, and to put pressure on the regional government to solve the problem of bonuses and promotions.”
Regarding the return of studies in Sulaymaniyah schools, Mirani stressed that “the return is linked to the implementation of promises by government agencies.”
Teachers and lecturers in Sulaymaniyah and a number of regions of Kurdistan have been on strike since the start of the new academic year on the thirteenth of last September, against the backdrop of delays in disbursing employees’ salaries due to faltering negotiations with Baghdad to disburse the region’s share of the federal budget for the current year.
shafaq.com
"RV UPDATE" BY ANGEL1, 31 DEC
Angel1
People are asking are they international? Are they gonna go international? ...They have two currencies trading in dinar...pegged to the dinar...They are already operating internationally in a controlled environment...It's not going to shock the market when they go on Forex and peg to six different currencies. They're already doing that now. The roll out has already begun. The markets are already accepting them. The markets are warming up for them to go on Forex officially. They are already doing what we want them to do on a small controlled scale...They've proven that they can do it.
Question: "Do you believe in redemption centers?" I have not been able to confirm that redemption centers exist. But just because I haven't been able to confirm it doesn't mean they don't exist.
When the UST Secretary Rosenberg was here a couple weeks ago, the day after she left, auctions changed...and there were changes after the UN meetings. There have been tons of changes because things have been signed off.
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