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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Where are the Iraqi oil revenues deposited? Sudanese advisor answers

    Rocky
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    • Post n°1

    Where are the Iraqi oil revenues deposited? Sudanese advisor answers Empty Where are the Iraqi oil revenues deposited? Sudanese advisor answers

    Post by Rocky Mon 02 Jan 2023, 5:00 am

    Where are the Iraqi oil revenues deposited? Sudanese advisor answers 

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    Economy News - Baghdad
    Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, clarified regarding depositing the revenues obtained for Iraq from the sale of oil.
    Saleh said, “(Externally) and according to Security Council Resolution 1483 in May 2003, the revenues of the Ministry of Finance from crude oil, gas, exported derivatives, and other funds are deposited in the Federal Reserve Bank in New York, all of which are deposited in an account called DFI or its current alternative, Iraq/2, which is held by The Central Bank of Iraq, on behalf of the state, to deduct the compensation for the Kuwait war, which ended more than a year ago, from crude oil, derivatives, and gas (if any). Iraq/1".
    And he added, "As a result, the protection of the United Nations previously and the protection of the United States over Iraq's funds according to the presidential executive order annually is issued on the funds of the Central Bank of Iraq deposited in the US Federal Reserve in the United States in particular, (internal) all the aforementioned and other funds belonging to the Ministry of Finance are recorded in an account Internal in dinars 600/300 for settlement purposes.
     

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    Added 01/01/2023 - 5:24 PM
    Updated 01/02/2023 - 1:43 PM


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