Iraqi dinar currency RV news dinner exchange rate update economy investment dollar us iqd forex
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Загружено: 2023-08-11
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Iraqi dinar currency RV news dinner exchange rate update economy investment dollar us iqd forex
Hi everyone good to see you again all i hope you all will be fine.
Please check iraq latest news updates.
Official Iranian state media sources have revealed details of a recent agreement
between Iran and the
US, brokered with the involvement of a third-party nation.
The accord encompasses a prisoner exchange initiative between the two
countries, as well as the release of Iranian funds that had been frozen in South Korea and Iraq.
According to reports from the official Iranian news agency "IRNA", a source familiar with the
matter disclosed that the agreement mandates Iran to release five American prisoners,
contingent upon the release of five Iranian prisoners within the US.
In addition to this, the agreement outlines the release of a substantial sum of approximately six
billion dollars from Iranian funds that had been held in South Korea.
Furthermore, a significant portion of Iranian assets currently held within Iraq's TBI
bank will also be unlocked. The source indicated that the initial steps for the unfreezing
of Iranian assets in European financial institutions have already been initiated.
The source also provided insight into the financial dynamics of the agreement. Iranian
assets, which were previously held in South Korean Won, are set to be converted into Euros
as part of the arrangement. Following the conversion, these funds will then be routed
through a Swiss bank before ultimately being channeled into a Qatari bank account, thereby
facilitating Iran's access to them. The official source highlighted a crucial precondition for
the release of the American prisoners – the complete transfer of Iranian funds to Qatar
must be accomplished beforehand. The same source highlighted that the prisoner exchange
process is slated to take place in Qatar, subsequent to Iran ensuring its ability to
seamlessly repatriate its funds from an Iranian held account in Qatar.
Meanwhile, the Iranian
Ministry of Foreign Affairs has issued an official statement pertaining to the
Iranian US agreement, particularly regarding the prisoner exchange and the release of Iranian
funds that had been held by the US. In the statement, the Ministry stressed the
commencement of the process aimed at releasing billions of dollars in Iranian assets
that had been unlawfully seized by the US in South Korea over an extended period.
The ministry emphasized that the necessary safeguards have been secured to ensure the US adherence to its
commitments in this regard. The statement further elucidated that the issue of releasing the
Iranian frozen assets, coupled with the removal of sanctions imposed restrictions on its
financial resources, which had been subjected to unlawful prohibition or difficulty in
access due to concerns of foreign financial institutions over punitive US sanctions, has
consistently been a focal point on the agenda of the Iranian Foreign Ministry.
The statement concluded by affirming that the utilization of the released assets will be at
the discretion of Iran, with competent authorities overseeing expenditure in
alignment with the nation's diverse requirements.
And The Iraqi Prime Minister, Mohammed Shia Al-Sudani, inaugurated on Thursday
two add on power plants with a production capacity of 250 megawatts in Maysan
governorate in southeastern Iraq, according to the Iraqi News Agency (INA).
During the opening ceremony, Al-Sudani stated that this project is one of the strategic
projects that will contribute to reducing the expenditure of the operational budget,
especially with regard to gas imports, and will supply the national grid with 250 megawatts.
The Iraqi Prime Minister indicated that the government and the Electricity Ministry
focused on constructing combined cycle power plants.
Al-Sudani elaborated that the government signed contracts to produce
During a meeting with Iraqi officials in the energy sector in mid July, the Iraqi Prime Minister
noted that the US sanctions and non-compliance with the gas dues payment
mechanism agreed upon in 2018 caused a 50 percent reduction in gas supplies from Iran, which
negatively affected electricity production in Iraq. The Iraqi Minister of Electricity, Ziyad Ali
Fadel, told INA on Tuesday that a joint committee has been formed to discuss
importing gas from Qatar and Turkmenistan.
Thanks take care.
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