Iraqi dinar currency RV news dinner exchange rate update economy investment dollar us iqd forex

Описание: 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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