I was recently asked what rate will the new rate be for the Iraqi dinar after the RV.
I explained unless you are on the decision making board for the U.S. Treasury, CBI, and the Iraqi government then it is pointless trying to figure that out.
The new rate for the Iraqi dinar will be calculated so Iraq's economy can thrive in the region and globally once the nation goes international.
Prime Minister Mohammed Shia al-Sudani discussed today, Sunday, with Oil Minister Hayan Abdul-Ghani al-Sawad the government's previous plans for the growth of the oil and gas sectors.
The Prime Minister's Media Office stated in a statement, a copy of which was received by NRT Arabic, that "Al-Sudani received today the Minister of Oil, Hayan Abdul-Ghani Al-Sawad, in the presence of the Undersecretary of the Ministry of Oil for Distribution Affairs."
He added that "Al-Sudani referred, during the meeting, to the government's previous plans for the growth of the oil and gas sectors, and the development of their projects within the government program, through the licensing rounds in which contracts were signed to invest in many oil and gas fields, in addition to investing in associated gas projects, and oil derivatives production projects."
Regarding cooperation with the OPEC Plus group, the meeting emphasized “the importance of partnership with oil-producing countries, with the aim of maintaining the stability and balance of global oil markets, and Iraq’s commitment to what was agreed upon within the group, including voluntary cuts and compensation for the increase in production, according to the updated schedule submitted by the Ministry of Oil to OPEC.”
I share the following information regarding the Collection Schemes in this global redemption/revaluation process.
It is important that each person identify which payment lines they are on, or what is the same, what type of payment receiver they are on.
All payments come from a sovereign buyer.
Depending on your status as a direct holder, commission agent or holder through a private arranger, your payments will come respectively from the sovereign buyer, a paymaster or your private arranger.
Most people expecting payments from RV are in level 4B.
All people at level 4B will be paid when they attend a private appointment, which they will make through a toll-free telephone number (line 800).
Those who are in level 4A will also be paid through an appointment, but to attend this they must receive an invitation from their payer.
TRANSLATION IN SPANISH
REDENCION 2020
Querida Comunidad.
Le comparto la siguiente información respecto a los Esquemas de cobro en este proceso de redención/revaluación global.
La mayorÃa de las personas que esperan pagos de la RV se encuentran en el nivel 4B. A todas las personas de nivel 4B se les pagará cuando acudan a una cita privada, misma que concertarán por número telefónico gratuito (lÃnea 800)
The regional government to its employees: Whoever does not have a biometric code will have his salary stopped by the federal finances
10/27/2024
The Ministry of Finance and Economy in the Kurdistan Regional Government called on Sunday, employees and workers in the public sector to rush to register in the biometric system before the twentieth of next November, warning them that the Federal Ministry of Finance will stop the salary of anyone who does not have a biometric code.
The ministry said in a statement today that based on the agreements and understandings concluded between the Ministry of Finance and Economy in the Kurdistan Region and the Ministry of Finance in the federal government regarding the issue of resolving technical problems related to the payroll of Kurdistan Regional Government employees, the following must be done:
First: All employees, retirees, people with special needs, and heirs of martyrs who have not registered themselves in the biometric system must register before the date (11/20/2024).
Second: The decision to register in the biometric system includes all employees and salary recipients who are abroad for various reasons, or on unpaid leave, study, etc.
Third: Every employee or person receiving a salary in the Kurdistan Regional Government who does not have a biometric code until the date (11/20/2024) will have his salary stopped by the Ministry of Finance in the federal government, and he will bear responsibility for that.
Article: "What does the closure of the Central Bank platform at the end of the year mean?
The Association of Banks explains"
Quote: "...closing the electronic platform...will not affect businessmen and the market...as they will quickly adapt and the market will return to normal, and the foreign trade process will be enhanced through correspondent accounts...
Iraq has 6 banks that have American correspondent banks, and 15 banks that have correspondent accounts with other countries to deal in different currencies."