TNT
Yes, we are going to get paid. Some are being paid right now.
The RV is still going.
Banks are awaiting a memo from the Feds.
that the Feds will send out this afternoon.
It will go between now and Friday 19 Dec. The new rates are still there and live.
VIPs are still exchanging.
The Iraqi Central Bank decides to add the Saudi riyal and the Jordanian dinar
Economy News – Baghdad
The Central Bank of Iraq announced the expansion of external transfer channels for local banks, to include new currencies: the Jordanian dinar and the Saudi riyal, and allowing Iraqi banks to finance trade with Turkey in euros after it was limited to its use with the European Union countries.
The Central Bank’s Media Office said in a statement received by “Economy News” that “this step comes within its efforts to expand the options of financing foreign trade in various currencies and channels, and the bank has initiated taking the necessary measures to meet the requests of banks in these currencies.”
The Central Bank pointed out that “this expansion in external transfer channels provides transfers at the official rate, and aims to streamline the transfer and engage more banks in external transfers, and expand the horizons of economic cooperation between Iraq and other countries, especially in light of the bank’s quest to find other channels to meet the size of demand for various foreign currencies according to Iraq’s dealings with those countries.
It should be noted that a smooth transition took place during 2024 from the electronic platform to the approved correspondent banks directly, thus achieving a fundamental transformation in line with international banking practices, and this transition is widely praised.
MILITIAMAN CC HIGHLIGHTS NOTES
The Central Bank of Iraq is implementing reforms and expanding foreign currency transfer channels to enhance the economy and strengthen the Iraqi dinar.
Iraq and BP make progress in the redevelopment agreement of the Kirkuk fields
Economy News – Baghdad
BP has reached an agreement with the government of Iraq on the technical conditions for the redevelopment of oil and gas fields in Kirkuk, the company announced on Thursday.
“Today’s signing is an important step towards a fixed-term contract,” BP’s vice president of executive William Lane said in a statement.
“We are grateful to the Government of Iraq for its continued support of BP activities in the country, particularly around Rumaila, and for its dedicated engagement in advancing negotiations on the possible future development of these critical fields in and around Kirkuk,” Lane added.
BP said it expected the negotiations to be completed in early 2025.
Iraq signed 13 contracts with the winning companies to develop oil and gas fields and exploratory patches, as part of the country’s efforts to increase oil production, according to the website of the Iraqi Ministry of Oil
The major British oil company has a long history with the second largest producer in the Organization of the Petroleum Exporting Countries, which has the fifth largest proven reserves of crude oil in the world. The company was part of the alliance that discovered oil in Kirkuk in the 1920s, and now appears that Kirkuk is the key to BP’s exploration and production strategy under CEO Murray Ochenklos.
Iraq and BP’s move on Thursday follows a memorandum of understanding signed by the two sides in August for investment and exploration in the region.
MAJEED
(Middle Eastern time) It will happen on Tuesday Because Tuesday is the last day And the Middle East is eight hours ahead of Washington DC time It’s only a matter of 24 hours if it didn’t happen on my Monday morning.
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