Harambe: Iran, China Launch 1st Direct Shipping Line | Farsnews Agency
(1/1/23)
Managing Director of the Chabahar Free Zone Organization Amir Moqaddam said that Chinese ships previously unloaded in Bandar Abbas, in Southern province of Hormuzgan, with their cargos then being transferred to Chabahar in Sistan-Baluchistan Province via smaller ships.
With the establishment of the direct shipping line between China and Chabahar, cargos are delivered ten days earlier, while cost of loading and unloading is reduced by 400 dollars per container, the official explained.
The establishment of that shipping line plays a great role in the development of transit via Chabahar Port.
https://www.farsnews.ir/en/news/14011011000338/Iran-China-Lanch-s-Direc-Shipping-Line
KaseyKo1: I’m hopeful we’ll see something this week. Yada, I just hope this new round of demonstrations will not upset the apple cart, so to speak, and slow things down.
Yada: I doubt it. The mechanism is in place in and outside of Iraq. The dinar is not pegged to the dollar and for the past 15 days or so, it has been adjusting to home in on pairing with the other currencies in the basket. The people will have to use dinar to make their exchanges on their apps and the rest of the world will be using dinar for their contracts.
Yada: No more having to convert to dollar to buy/sell, straight dinar/dong, dinar/yuan, dinar/pound, dinar with any other contract they’ve established.
VictorD: I wish I could find evidence that the dinar is no longer pegged to the US dollar but I can’t. Can anyone help?
Yada: The evidence is in front of you. The fluctuation of the dinar and dollar the past 15 days was it. It had never move this much prior to this because it wasnt, it was moving up and down. And going forward, the Float in itself is proof. imo
VictorD: That is street rate which has nothing to do with CBI rate. The street rate has fluxgated for the past 15 years. Daily….CBI rate is what effects people outside of Iraq.
Yada: There was an article about a week ago, basically stating, “the rise in the exchange rate is a temporary situation that came after internal and external effects of applying international standards.” Application of the international standards is the set up for the float to be released internationally. We were told the beginning of December to expect a good Christmas, meaning rate change but this process didn’t get started until the 24th. We are seeing this come to us like a freight train with the float first.
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CandyKisses: PARLIAMENT AGREEMENT ON THE LEGISLATION OF THE OIL AND GAS LAW
Baghdad-INA
The Kurdistan Democratic Party announced today, Sunday, an agreement to legislate the oil and gas law, while noting that the law will solve one of the most prominent outstanding problems between Baghdad and Erbil.
“Both Kurdish parties have their interests, and the dispute between them is a very natural issue, provided that the differences do not affect the interests of the Kurdistan region,” said Majid Shankali, a representative of the party, in a statement.
He added, “The best way is the dialogue, to reach a formula of understanding between the two parties, and go to Baghdad unified to resolve contentious points, especially the region’s share of the budget,” noting that “everyone agrees on the oil and gas law, and it will be legislated during the coming period.”
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