Tuesday, May 14, 2024
Cofee with MarkZ. 05/14/2024
Trade Bank of Iraq to join My Account, 14 MAY
Trade Bank of Iraq to join My Account
The Exchange Bank of Iraq (TBI) is joining My Record, the Kurdistan Area’s “pay domiciliation program.”
An assertion from the KRG said:
“Adhering to the directions of Head of the state Masrour Barzani, agents from the Kurdistan Territorial Government and My Record program held a few gatherings this week with delegates of the Exchange Bank of Iraq.
“The gatherings included conversations about the component and necessities for opening records, the most common way of giving cards, and sending ATMs all through the district.
“TBI joins six of Iraq’s other top banks, providing residents with a much more extensive decision of banking items and administrations. This is promising information for public area laborers in the Kurdistan Locale of Iraq, and for Iraq’s monetary area.
“We are amped up for this association and the advantages it will bring to individuals of the Kurdistan District.”
"RV UPDATE" BY FNU LNU. 14 MAY
Fnu Lnu
There are several regiments to float a currency: FREE FLOAT - The currency's value is determined solely by supply and demand in the market...MANAGED FLOAT - Similar to a free floating...but a government intervenes by buying or selling its own currency to minimize fluctuations.
CURRENCY PEG - The currency's value is pegged to a basket of currencies or to another country's currency. EUROPEAN SNAKE [In The Tunnel] - Beginning in mid-1972...Each country agreed not to allow its currency to fluctuate more than 1 1/8% up or down from an agreed central exchange rate.
I doubt they still call it "The Snake" but that is the method used to if one wishes to participate in the IMF baskets...
The Dinar will use the European Snake method of floating the currency because it only allows for a 1 1/8% fluctuation up or down thus providing the maximum stability. The currency will open with it's permanent value, more or less, and then over time, it may be allowed to adjust one and one-eighth percent either way...
Iraqi-Chinese consortium to develop Tuba oil and gas field, 14 MAY
Iraqi-Chinese consortium to develop Tuba oil and gas field
The Iraqi Service of Oil endorsed on Sunday an underlying concurrence with an Iraqi-Chinese consortium to foster the Tuba oil and gas field in southern Iraq.
The task means to create raw petroleum with a limit of 200 thousand barrels each day and gas with a limit of 50 million cubic feet.
The Iraqi Clergyman of Oil, Hayan Abdul-Ghani, referenced in an explanation that the service consented to the arrangement with a consortium of Geo-Jade Petrol, a Chinese oil investigation and creation organization, and Sickle Basra to foster the oil and gas field in Basra governorate, the dinaropinions.com revealed.
The undertaking incorporates laying out a 200,000 barrel each day petroleum treatment facility, a petrochemical office fit for creating 800 tons of polyethylene and polypropylene every year, a compost production line, and two power plants.
As per Abdul-Ghani, the venture is an incorporated one that will help the economy of the nation and give open positions to inhabitants of Basra governorate and the Al-Zubair locale.
The two power establishes that will be worked as a component of the undertaking will create 1,200 megawatts of electrical energy; the main will run on fuel and create 800 megawatts, while the subsequent will run on sunlight based energy and produce 400 megawatts.
PM Al-Sudani orders operation of Karbala Oil Refinery by 2025, 24 NOV
PM Al-Sudani orders operation of Karbala Oil Refinery by 2025 Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia Al-Sudani directed ...
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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...