Home
Where are the Iraqi oil revenues deposited? Sudanese advisor answers
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
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.
Views 597
Added 01/01/2023 - 5:24 PM
Updated 01/02/2023 - 1:43 PM
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
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.
Views 597
Added 01/01/2023 - 5:24 PM
Updated 01/02/2023 - 1:43 PM
[You must be registered and logged in to see this link.]
» Al-Fath: The budget will be approved after the Eid holiday and under these conditions
» According to a Kurdish media network: Erbil and Baghdad agree on a new mechanism for selling the oil
» Rasheed Bank: The premiums withheld from retirees will be returned
» Planning: 2023 is the year of implementing service, infrastructure and vital projects in accordance
» Al-Bayati: Al-Sudani is continuing with his government program despite some American pressure
» Prime Minister: We have placed raising the production capacity of existing refineries at the top of
» Sudanese advisor determines the reason for preventing dollar smuggling abroad
» A specialist reveals the fate of dollar prices within a month
» Iraq is not perfect: an American call to support the Iraqis through 3 steps
» Rasheed Bank acknowledges the error and returns the installments deducted from the salaries of retir
» Al-Sudani's advisor identifies the reasons for the decline in the parallel price of the dollar in th
» Samir Al-Nusairi, Advisor to the Association of Private Banks: Economic reform begins with banking r
» Gulf Keystone Petroleum decided to reduce production in the fields of Kurdistan
» Kurdistan owes $6 billion to oil companies
» Parliamentary Finance reveals a new development in the salary scale
» OPEC: Russia displaced Iraq from the first place in exporting oil to India
» Iraqi gas.. a glimmer of hope after years of neglect and squandering of wealth
» OPEC production declined due to the Kurdistan Region's oil outages
» Al-Sudani: We plan to raise the production capacity of the existing refineries, which is at the top
» Foreign report: The Kurdistan government is facing a setback after stopping the flow of oil from the
» "One of them hides the truth." An expert calls on the government to clarify the truth about the inte
» Central bank sales approaching 900 million dollars in a week
» The Municipal Revenue Act faces 12 lawsuits before the Federal Supreme Court
» Nuri al-Maliki threatens the Baath Party and its remnants of a decisive confrontation
» Parliamentary integrity reveals the contents of the Sudanese agreement with a number of countries
» The budget loses 18 trillion dinars after reducing the price of the dollar
» Detection of printing a cash denomination worth 20,000 dinars
» Sudanese advisor: Iraq loses 12 billion annually
» A special fund for the maintenance of roads and bridges projects
» Electricity: We are taking steps to transform into the smart grid
» Parliamentary calls for amendments to investment laws
» Parliamentary oil: raising the prices of derivatives in the 2023 budget is unfair to citizens
» Mazhar Saleh: Gas flaring losses are estimated at $12 billion annually
» Industry: We have the potential to compete with solid international industries
» Experts: Implementation challenges hinder private sector development strategies
» Laws of "political benefit" vote until "dawn"... and the poor's budget is "abandoned"
» Deputy: The budget is locked up in the inclusion of the Presidency of the House of Representatives,
» Iranian Ambassador: We never thought of invading the region while American planes in Iraq were spyin
» Parliamentary fear of the "dangerousness" of the oil price.. Many details in the budget need to be a
» Al-Sudani: We are working to support and complete the complementary production units under construct
» A "tragedy" strikes the retirees who borrowed... Al-Rasheed deducts the entire salary of Nissan
» Increased closure of the region's oil fields and expectations of exporting 400,000 barrels next week
» The Kurdistan government is "unable" to pay huge installments to foreign companies, and Baghdad refu
» Weekly gains for Basra crude by more than 3%
» Dollar prices recorded a noticeable decline in the local markets
» Manual and electronic... Will the scenario of the 2021 elections be repeated?
» They intentionally harmed the funds and interests of their department.. Arresting employees in south
» Minister of Planning on paying off Iraq's debts: Only 15% has been paid
» Will the water situation improve in Iraq after joining the United Nations Water Convention?
» The General Company for Engineering Inspection and Qualification is carrying out a balancing process
» The prime minister's advisor determines the annual cost of flaring gas and predicts a zero-sum date
» Parliamentary Integrity: The Prime Minister agreed with several countries to cooperate in returning
» The Middle East is a "bright spot" in the global IPO market
» Agriculture determines the priorities for granting advances to farmers and confirms its connection t
» Basra crude closes with a weekly gain of more than 3%
» Emaar is moving to establish a special fund for the maintenance of roads and bridges and is preparin
» Al-Sudani: We have placed raising the production capacity of existing refineries at the top of the g
» Agriculture: Baghdad leads the Iraqi provinces in the number of buffaloes
» Sudanese advisor: Government measures prevented dollar smuggling abroad
» The Ministry of Water Resources announces the success of the water management policy adopted by the
» Al-Sudani's advisor: Losses from gas flaring and importing it are estimated at $12 billion annually
» Alsumaria publishes the agenda of the House of Representatives session for next Sunday
» Talabani and Khazali are discussing addressing the problems between Erbil and Baghdad
» Al-Sudani: We are working to raise the production capacity of refineries.. We are trying to dispense
» Kurdistan Region loses 330 megawatts of electricity due to the cessation of oil production
» Electricity: Citizens will pay wages through electronic payment tools
» The Iraqi Center for Radiation Protection confirms that America used uranium during the invasion of
» Water Resources announces the full realization of the 'weaning flag'
» Sources: Iraq is living in an atmosphere of anticipation, and the Sudanese is seeking to contain the
» The Central Bank announces "liberating the dollar from restrictions": the difference between the off
» The government receives a study on building a nuclear reactor
» The Payments Department of the Central Bank prepares a book to reduce the limits of prepaid cards to
» The dollar is heading to record the second quarterly loss in a row
» Parliament decision: Parliamentary Finance will receive the budget early next week and approve it wi
» Half-year" .. the deficit and oil swing the budget and the government speeds up the parliament
» The Minister of Labor calls on Parliament to expedite the vote on the retirement and social security
» The Border Ports Authority announces the completion of the sonar network link between the Munthiriya
» Government orientation to activate mass transit
» Minister of Electricity: There is no going back on dealing with taxation and holding accountable the
» The national-democratic dispute “deepens more.” Surgi: We have no representative in the negotiating
» Al-Maliki: The retirement law will be subject to the government's vision before it is voted on in pa
» Qaani arrives in Iraq to hold a number of meetings
» The Minister of Planning is discussing with the regional director of the International Monetary Fund
» Gallup recalls the memories of the Iraqis... 20 years after the American invasion, is life better to
» In numbers.. The Minister of Health details health insurance privileges and identifies those covered
» Central Bank: New packages will be launched to facilitate merchants' access to dollars
» Disclosure of the size of the region's debts after stopping oil exports
» A political source talks about the possibility of the Sunni Sovereignty Alliance boycotting parliame
» Independent Deputy: A Kurdish company acquires most of the major projects in Iraq
» What did the foreign minister discuss with the Russian ambassador in Iraq?
» The Kurdish Movement for Change reveals the main points of disagreement between Baghdad and Erbil re
» Three "major" reasons push Al-Sudani to extend the plan to impose law in Diyala
» Al-Azm calls on the Presidency of Parliament to expedite the transfer of the budget to the Finance C
» Minister of Immigration: The Sudanese is committed to the law, and the stage of political stability
» After what was published by "Baghdad Today"...a deputy provides the Public Prosecution and Integrity
» He revealed the losses that the region's oil exports stopped... and Sunday is a crucial meeting
» The Kurdistan delegation fails in agreement with Baghdad.. and the suspension of oil exports may be
» Hosted by 3 personalities.. Parliamentary readiness to open all Najaf airport files