Japan announces 7 new projects in Iraq
Baghdad – Iraq Today:
The Japanese government announced the launch of 7 new projects under implementation in Iraq, stressing that its loans to Iraq will continue for up to 40 years at a low interest rate of up to 0.2 percent.
The Japanese ambassador to Iraq, Futoshi Matsumoto, said in a statement to the official agency “Iraq Today”, that Japan has presented during the past 30 years up to <> large projects in Iraq, which were implemented by Japanese companies.
He pointed out that “there are seven new projects under implementation, and they will be implemented if the Iraqi government decides to allocate funds to them in its budget for next year.”
“Among the projects to be implemented are the Basra Refinery Development Project and the Muthana Desalination Project, worth more than $300 million, which aims to support the development and reconstruction of the region.
The ambassador stressed that “Japan will continue to support Iraq by providing financial financing and loans with very low interest, as the loans will continue to be repaid for 40 years, with interest rates of up to 0.2 percent.”
“The Platform” .. The Central Bank adds a new technology
The Central Bank: Adding the technology of taking instant photos of the customer when registering on the platform and when conducting the cash sale process at the stage of uploading documents
Banking Supervision Department.
A thousand thousand may
Al-Anad: 466/1/9 Date: 8/17/2022
to all authorized banks
All (A,B) exchange companies
Brokerage companies buying and selling all Class (C) foreign currencies
/ Provision of a webcam device
good greeting ….Within the framework of the continuous work to develop the work of financial institutions and the application of the highest quality standards by using the electronic platform for reports of financial institutions’ transactions, FITR, the instant image points technology will be added to the customer when he registers on the platform and when conducting the cash sale process at the stage of uploading documents
Hoping to commit to providing an efficient webcam device With an appropriate resolution of no less than (720p) (HD) connected to each computer you have dedicated to recording transactions on the platform for the purpose of use when conducting transactions of selling dollars to travelers through the aforementioned platform and within a maximum period of one week from the date of this announcement.
with respect. link
Gold Regains Balance As Eyes Turn To Jackson Hole
Gold prices rose from five-month lows on Monday, August 5, after falling in the past five sessions, while investors’ focus shifted to a meeting of central bankers in Jackson Hole, Wyoming, this week in anticipation of their expectations for the economy and interest rates.
Spot gold rose 0.3% to $1892,88.04 an ounce by 46:0 GMT, while U.S. gold futures gained 3.1921% to $70,<>.<>.
Gold fell to its lowest level since mid-March to $1883,70.<> last week after upbeat economic data increased bets that U.S. interest rates will continue to rise longer, reducing demand for non-yielding goods.
Investors will focus on Fed’s Jerome Powell’s speech on Friday at the annual conference of global central bankers in Jackson Hole.
According to the majority of economists polled by Reuters, the Fed is likely to have finished raising interest rates. A slight majority now expects the central bank to wait until at least the end of March before starting to cut rates.
Among other precious metals, silver spots rose 0.7% to $22.85 an ounce, platinum rose 0.1% to $910.83, and palladium gained 0.2% to $1258,49.<>.
Iran receives part of its frozen funds in Iraq
The Iranian Foreign Ministry spokesman, Nasser Kanaani, confirmed today, Monday, that part of the Iranian funds frozen in Iraq had been received.
Fares news agency quoted Kanaani as saying, “There is part of our assets in Iraq, which were difficult to obtain due to American interventions. Some of these assets have been transferred and are now under implementation.
The government will not give up the people’s rights anywhere, and will continue this path, step by step,” Kanaani added.
e did not indicate the amount of money and the way it was obtained.
On August 11, official Iranian media revealed the details of the agreement reached by Tehran with the United States of America under the auspices of a third country, which provides for the exchange of prisoners between the two countries and the release of Iranian funds frozen in South Korea and Iraq.
The official Iranian News Agency, IRNA, quoted an official source familiar with this agreement as saying, “This agreement requires Iran to release 5 American prisoners in exchange for the release of 5 Iranian prisoners in the United States of America.”
He explained that “in addition to that, 6 billion dollars of Iranian funds frozen in South Korea will be released, along with a large part also of Iranian funds in the Iraqi TBI Bank,” noting that “the first stages of the process of releasing Iranian funds in European banks have begun.” “.
On July 11, Prime Minister Muhammad Shia’ al-Sudani announced Baghdad’s contact with the US regarding the payment of Iran’s dues for Iraq’s gas imports, amounting to 9 billion and 250 million euros, adding that Iraq had paid “up to one billion and 842 million euros in the seven-month period of The life of the government according to the agreed mechanism.
Al-Sudani added that a delegation from the Central Bank of Iraq and the Iraqi Trade Bank left Iraq for the Sultanate of Oman with the aim of “agreeing on a formula for transferring these funds to the Sultanate of Oman in agreement with the US Treasury.” link
Source: Dinar Recaps
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