Thursday, March 14, 2024
Parliamentary Committee: Passing The Oil Law Will Solve All Problems With The Region, 14 MARCH
Parliamentary Committee: Passing The Oil Law Will Solve All Problems With The Region
Mawazine News – Baghdad The Parliamentary Oil and Gas Committee reported that the Oil and Gas Law is the only solution to all the problems of the center and the region, and that it will establish a road map for the relationship between the two parties, while it confirmed that so far the law has not come from the government to Parliament despite 11 amendments being made to it.
A member of the Oil and Gas Committee, Nazem Al-Shibli, said in an interview with the official newspaper, followed by Mawazine News, that problems are accumulating between the center and the region, and if the oil and gas law is approved, all disputes will be resolved, as it is one of the most important laws that define the rights of each of them, noting that it needs to be resolved. The state administration continues to administer an unchanged strategic plan for the Prime Minister and has fixed committees.
He explained that there are many obstacles related to the law, including the issue that every four years there is a political orientation and a new prime minister, and after that comes a new political situation and then elections, and all of these matters complicate the scene, pointing out the difficulty of resolving problems with the region without the oil and gas law, and this We made 11 amendments to the law and it never reached Parliament.
Al-Shibli stressed that although Parliament asked the government to send important laws and the government sent many projects; But it did not send this law, noting that the amendments are only with the government and reach readings, the project is withdrawn, technical committees are formed between the region and the center, and the situation remains as it is.
"YES... WE WILL NEED MANY BANKS TO EXCHANGE... KNOW YOUR BANK!!! BY FRANK26, 14 MARCH
KTFA
FRANK26: "YES... WE WILL NEED MANY BANKS TO EXCHANGE... KNOW YOUR BANK!!!...F26
Wells Fargo Abruptly Terminating Customers’ Bank Accounts, Say Attorneys General in 16 States, Demanding Immediate Freeze on Lender’s Alleged Debanking Practices
More than a dozen state attorneys general (AGs) are accusing banking titan Wells Fargo of abruptly terminating customers’ accounts without warning.
In a letter addressed to Wells Fargo CEO Charles Scharf, 16 Republican AGs across the country accuse the trillion-dollar lender of debanking customers in a political and discriminatory manner.
The AGs say Wells Fargo has started a new trend that looks at clients’ political views as a basis for retaining banking access.
“Within this context, Wells Fargo’s decisions to debank Republican candidates and gun industry participants reveal a new troubling trend…
Blanket prohibitions and policies against providing service to certain customers lead to the inevitable question – who is next? Which types of companies or people will Wells Fargo determine cannot be allowed as customers? Is this why Wells Fargo apparently closed the accounts of former Republican candidates Lauren Witzke and Pete D’Abrosca on the same day in 2021?”
The AGs say the alleged pattern may be in violation of state laws.
“Wells Fargo should cease its efforts to discriminate based on ESG (environmental, social and corporate governance) objectives, and publicly commit to serving Americans in a fair, nondiscriminatory, and lawful manner. States possess meaningful authority over banks under civil rights and unfair and deceptive acts and practices (UDAP) statutes.”
The 16 AGs end the letter asking Wells Fargo to stop its debanking policies and respond to its concerns by April 4th.
The AGs who signed the letter include Austin Knudsen of Montana, Tim Griffin of Arkansas, Raul Labrador of Idaho, Todd Rokita of Indiana, Kris Kobach of Kansas, Luz Murrill of Louisiana, Lynn Fitch of Mississippi, Andrew Bailey of Missouri, Mike Hilgers of Nebraska, John Formella of New Hampshire, Dave Yost of Ohio, Alan Wilson of South Carolina, Jason Miyares of Virginia, Patrick Morrisey of West Virginia, Sean Reyes of Utah and Bridget Hill of Wyoming.
Petroleum Products Set The Date For Ending Cash Trading, 14 MARCH
Petroleum Products Set The Date For Ending Cash Trading
Economy News – Baghdad Today, Wednesday, the Petroleum Products Distribution Company set the date for ending cash trading, while indicating that great progress has been made in the field of electronic payment
The Director General of the Petroleum Products Distribution Company, Hussein Talib, said in an interview with the official media, followed by Al-Iqtisad News, that “the Petroleum Products Distribution Company is one of the first departments that relied on electronic payment in work,” indicating that “there are a group of failures that have been addressed in this regard.” With the Central Bank through licensed portals and companies.”
He pointed out that "among the challenges the operation faced was the problem of transferring funds from the citizen's account to the accounts of the oil products distribution company," stressing that "9 gates entered operation after the problems were addressed."
He added, "The electronic payment process has been launched at filling stations in Baghdad and all governorates," noting that "the company's plan at the end of the first quarter of this year includes ending the cash trading process in most areas of the Petroleum Products Distribution Company."
He continued, "The company has made great strides in the field of electronic payment, as the station agent now prepares products, as well as generator owners and the mobile agent, as well as state department vehicles, via electronic payment cards."
Views 22 03/13/2024 - https://economy-news.net/content.php?id=41439
"RV UPDATE" BY PAULETTE, 14 MARCH
Paulette
This is clearly what the article said... They are weighing changing the rate from 1,320 dinars per dollar to 1.32 dinars per dollar. This is clearly 76 cents to 1 IQD...Currently the rate is 1,320 IQD to 1 USD. Looking it at the other way, this is 0.0007575 USD to 1 IQD. If they drop 1 zero from the exchange rate: 132.0 IQD to 1 USD or 0.007575 USD to 1 IQD. If they drop 2 zeros: 13.2 IQD to 1 USD or 0.07575 USD to 1 IQD. If they drop 3 zeros: 1.32 IQD to 1 USD or .7575 USD to 1 IQD. Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD
...What we want to see posted on the CBI website as to how many IQD are required to purchase 1 USD is 1.00 or less. If they post 3.22 IQD to 1 USD, this would mean 31 cents per 1 IQD.
We want them to post .31 IQD to 1 USD which is then 3.22 USD to 1 IQD. Realize, they post how many IQD it takes to purchase 1 of another currency.
[Dinar Guru Note: The Dinar Guru Calculator automatically converts different possible dinar to USD or USD to dinar rates. It tells you exactly how much U.S. money you get at the different rates. It's easy to understand and it's free to use. You can find it in the navigation bar at the top of this page.]
TIDBIT FROM NADER FROM MID EAST, 24 NOV
Nader From The Mid East We will not go more than $4 so don't waste your time and ask question about $16, $8, $11 and $12. Don'...
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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...