🕑 New Forex Rates Delay: Although the new foreign currency rates may be posted, Forex rules prevent them from being visible to the public/front end until Friday, Aug. 1 at 2 PM EDT.
📧 Email & 800 Numbers Incoming: Bankers are being told that email notifications and 800 numbers will begin rolling out on
🛢️ International Oil Giants Resume Operations in Kurdistan! 🇮🇶🌍
✅ Return to Work: Several international oil companies are back in action at Kurdistan oil fields after a period of instability.
🚁 Security Concerns: Over 22 drone attacks hit vital oil facilities—investigation is still ongoing, with no final report yet to the PM.
💸 Compensation Responsibility: Kurdistan Regional Government (KRG) will compensate oil companies for amounts allocated to local use.
🛳️ Export Coordination: KRG is preparing to deliver crude to SOMO for export via Turkey’s Ceyhan port, signaling stronger cooperation with Baghdad.
🤝 Federal-Regional Agreement: This step highlights the KRG’s commitment to protect investments
and align with federal oil export policies.
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International oil companies return to operations in Kurdistan fields
A responsible source in the Kurdistan Regional Government revealed on Saturday that a number of international oil companies have resumed operations in the Kurdistan Region's oil fields.
The source explained that "the vital oil facilities in the Kurdistan Region were subjected to more than 22 drone attacks in various parts of the region," noting that "the investigative committee has not yet submitted its final report to Prime Minister Mohammed Shia al-Sudani."
He added, "The region will bear the responsibility of compensating companies for the quantities allocated for local consumption."
He continued,
"The region is preparing to deliver the ready quantities of crude oil produced by foreign companies that have gradually returned to operating in the region to the State Oil Marketing Organization (SOMO) for export via the Turkish port of Ceyhan, stressing that this step reflects the regional government's commitment to a joint understanding with the federal government to regulate the export file and protect oil investments." link
"Development Road" Opens The Way For A New Energy Agreement Between Iraq And Turkey.
Economy News - Follow-up Researchers and experts confirmed on Friday that the"Development Road
" project between Iraq and Turkey is no longer just a strategic corridor for transporting goods,
but rather a gateway to a comprehensive energy agreement between the two countries that could redraw the map of regional economic cooperation.
Turkish researcher Sercan Caliskan, who specializes in Iraqi affairs, explained, as reported by Anadolu Agency, that "relations between Ankara and Baghdad have witnessed a strategic development in the energy sector," noting that
"this path is directly linked to the 'Development Road' project, which extends 1,200 kilometers within Iraqi territory and aims to connect the Arabian Gulf to Europe via Turkish territory."
"The project is not limited to transportation and infrastructure, but opens new horizons for regional cooperation, especially in the energy sector,"explained Çalışkan, a researcher at the Turkish Center for Middle Eastern Studies.
He continued: "The development path represents an opportunity to establish a long-term partnership that prevents legal disputes and builds the foundations for comprehensive cooperation on the oil and energy front."
For his part, Yasser Al-Maliki, an expert on Arabian Gulf affairs at the Middle East Economic Survey (MEES), said that
"the project falls within Ankara and Baghdad's plans to enhance their economic cooperation," stressing that "the Iraq-Turkey oil pipeline could be used in the future to transport crude oil from other countries, strengthening Turkey's position as a regional hub for energy transit between Asia and Europe."
Al-Maliki pointed out that "re-exporting Kirkuk oil to Mediterranean refineries via Türkiye would be of great importance to Baghdad, as it seeks to increase revenues and reduce supply-related crises."
Turkish sources had previously revealed that negotiations had begun between Ankara and Baghdad to reach a new, more comprehensive oil transport agreement.
A Turkish presidential decree was published in the Official Gazette on July 21, indicating that the current agreement signed between the two countries in 1973 would expire on July 27, 2026. views 96 08/01/2025 - https://economy-news.net/content.php?id=58198
Dinar Holders can get a higher Dinar Rate at a Redemption Center by asking for the Contract Rate. That rate will be nine times higher than it is at a bank. The bank rate appeared to be $9-$10.
The Forex will come up Sunday evening with the new rates on it.
Banks and Redemption Centers have different rates. The Redemption Center rates are higher.
You cannot redeem Zim at a bank. You have to do it at a Redemption Center.
Several sources say that Notifications to set exchange appointments for Tier4b (us, the Internet Group) will come out sometime over the weekend through Monday morning 4 August.
Several sources say exchanges for Tier4b will start Mon. afternoon 4 Aug.
US citizens age 28 and above will get a certified tariff rebate check (DOGE payments). That should start Fri. 1 Aug. 2025 and end Sun. 3 Aug. 2025.
Seniors on Social Security will get it by direct deposit.
At your appointment you can refer six people for med bed treatments – name and phone number.