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[rtl]The Central Bank of Iraq agrees to open an account to receive Kurdistan's oil revenues[/rtl]
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[rtl]Baghdad-Iraq today:
The Central Bank agreed to open a bank account to deposit oil exports from the Kurdistan region of Iraq.
According to an official letter from the Central Bank of Iraq to the Iraqi Oil Marketing Company (SOMO) dated 4-27-2023, the bank revealed its position regarding the oil agreement between the Kurdistan Region and Baghdad to resume exporting the region's oil.
"We have no objection to approving Citibank to deposit revenues from oil exports from the Kurdistan region, taking into account the necessity of appointing an international auditing firm to audit the account," the central bank said in the letter to SOMO Oil Marketing Company.
And the Central Bank added, regarding the mechanism proposed by the region and sent to us in your letter dated April 16, 2023, the Central Bank of Iraq will not be the beneficiary of oil sales to the Kurdistan Region responsible for relying on any means to get that revenue.[/rtl]
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