Friday, January 19, 2024
At a rate of 13 billion per day… Oil: The volume of electronic sales has increased, and a date has been set for the complete cancellation of cash trading, 19 JAN
At a rate of 13 billion per day… Oil: The volume of electronic sales has increased, and a date has been set for the complete cancellation of cash trading
The Petroleum Products Distribution Company in the Ministry of Oil announced today, Thursday, that the volume of product sales through the electronic payment system has increased to 13 billion per day, while setting the date for the final cancellation of cash circulation.
The company’s general manager, Hussein Talib, said in a statement to the official agency, followed by NRT Arabia, that “the movement of selling petroleum products through electronic payment has risen to 13 billion dinars per day after it was ranging between 10-11 billion, whether at government and private gas stations or Providing generators and agents with gasoline, kerosene, gas, and mobile phones,” pointing out that “the demand for electronic payment is increasing dramatically daily.”
He added, “Our company obligated the electronic payment gateways to nominate employees authorized by these companies to collect money from citizens through electronic payment.”
He pointed out that “the directives of Prime Minister Muhammad Shiaa Al-Sudani set next June of 2024 as the date for ending cash trading and adopting the electronic payment card,” stressing that “the company has a plan to end cash trading at the end of next March, that is, in the quarter.” First of 2024.
He explained that adopting electronic payment and ending cash circulation will serve citizens, ensure that fuel is sold to them at the official price, and preserve state funds from theft and manipulation.
He stated, “Iraq is very late in the issue of electronic payment, as the countries of the world preceded it for a long time in the field of technology and electronic payment. Therefore, the Prime Minister is determined to end cash circulation and adopt the electronic payment system in 2024.”
The Petroleum Products Distribution Company introduced the electronic payment service at gas stations since April 2023, and began gradually spreading the experiment to fuel filling stations in Baghdad and the governorates.
nrttv.com
"RV UPDATE" BY MILITIAMAN, 19 JAN
Militia Man
Now you have 5 articles from the WTO, you have documents from the Central Bank of Iraq, 11 pages talking about metal coins?
Why would you be talking about metal coins/currencies and exchanging notes, counting them, mechanisms to do all that when you don't have any? 1310 there's no coins. Then you see 5 articles about the ascension to the World Trade Organization...I'm pumped. I'm excited about it.
Article quote: "We completed in one year the equivalent of more than 15 years of work..."Thursday, January 18, 2024
A parliamentary committee reveals the fate of the oil and gas law.. Will it be deported again?, 19 JAN
A parliamentary committee reveals the fate of the oil and gas law.. Will it be deported again?
Information/private..
Today, Thursday, the Oil, Gas and Natural Resources Committee revealed the fate of the Oil and Gas Law, while it was likely that the law would be transferred to the next parliamentary session.
Committee member, Zainab Al-Moussawi, said in an interview with the “Al-Ma’louma” agency, “There are no developments regarding the oil and gas law at the present time. The political situation affected the selection of a new president for the Iraqi Council of Representatives.”
She pointed out, “The repeated violations of the American forces in Iraq take up part of Parliament’s work, as it supports the government in removing its forces from the country,” adding, “It is expected that the chapters of dialogues between Baghdad and Erbil regarding the law will begin again after the selection of the Speaker of the Council.”
The oil parliamentary member explained, “If the Kurdish dispute continues over some points of the law, I expect it to go to the next parliamentary session.”
Earlier, former member of the Oil and Energy Committee, Ghaleb Muhammad Ali, confirmed on Wednesday that there were political problems and differences between Baghdad and Erbil regarding the oil and gas law.
The political analyst, Sabah Al-Ukaili, had previously seen that the Kurdistan region continues to pose obstacles to the approval of the oil and gas law, while he stressed that the adoption of the law will prevent all disputes in the oil provinces, especially the Kurdistan region.
The Kurdish parties continue to obstruct the government in approving the oil and gas law, which voting on within the corridors of Parliament has become a must, in order to end the violations and thefts carried out by the Kurdistan Regional Government in the oil smuggling file.
almaalomah.me
"RV UPDATE" BY FRANK26, 19 JAN
Frank26
What did we say they were going to do on the 15th?
Go international.
Do you think they did?
Yeah. It's not for me to prove it to you, it's for them to show it to you. But let them show it to the citizens first.
Beside Sudani and Alaq, the only two we listen to, I want you to add Barzani. As time goes by you'll understand why.
Barzani is working very nicely with Sudani, Baghdad, the GOI...We're adding Barzani to the group. Sudani and Alaq are explaing the monetary reward to the Iraqi citizens, so is Barzani.
Notice articles this week are focusing on the monetary reform education, which is about the currency, lower denoms, new exchange rate, accounting, banking reform, everything. It's all being unloaded onto the citizens of Iraq...Let's be fair, they're just getting started. Let's see what happens this quarter...
FRANK26: "THE VAULTS ARE NOT A SECRET... WHAT IS INSIDE OF THEM IS.", 26 NOV
KTFA FRANK26: "THE VAULTS ARE NOT A SECRET... WHAT IS INSIDE OF THEM IS.".......F26 The Central Bank moves its secret vaults to ...
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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...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...