16:23 - 2023-05-10
Today, Wednesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the fate of Iraq's financial revenues that are in the Federal Reserve Bank, while explaining America's position on these revenues.
Saleh said in a press interview, "The oil receipts account, in which Iraqi oil revenues are deposited and opened at the Federal Reserve Bank in New York, came based on a previous UN Security Council Resolution No. 1483 in May 2003."
He added, "This account is legally protected by the Federal Reserve Bank against any indebtedness, arbitration, and other risks," stressing that "there is no pressure to dispose of national funds and transfer them to accounts in other countries or different foreign currencies."
Al-Sudani's financial advisor continued: "The disposal of funds is whenever the need is determined by the national interest and in a way that serves the interests of the Iraqi economy and in a manner that does not contradict the strategic framework agreement between Iraq and America signed in 2008."
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