“Paris Club” – Mon. PM KTFA Thoughts/News 6-21-21

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KTFA

Don961 » June 21st, 2021

Mazhar Muhammad Salih: Directions to write off 41 billion dollars for 8 countries, 100 percent

Mazhar Muhammad Salih, the financial advisor to the Prime Minister, confirmed that Iraq’s foreign debts are almost dead with the passage of time.

Saleh said, in press statements, that Iraq’s foreign debt is estimated at forty-one billion dollars, and it belongs to eight countries, six of which are Arab, in addition to Turkey and two foreign countries, and other matters.

This, and the financial advisor to the Prime Minister continued that the trend is towards writing them off one hundred percent, noting that they are almost dead with the passage of time, especially since some of them are incorrect and completely unknown documents.    LINK

Iobey777 » June 21st, 2021

WOW!! I wish all my debts would suddenly be gone 100%!! Whoohoo!!  Maybe SOON!!

OlLar » June 21st, 2021

Sounds like the “Paris Club” debt agreement is about to come to fruition, OH BUDDY.

Samson » June 21st, 2021

Warnings of the loss of Iraq’s money abroad and parliamentary calls to legislate a law to recover it

08:55 – 06/21/2021

On Monday, members of the House of Representatives called for the enactment of a law to recover that money before the end of the current parliamentary session so that it does not go into the pockets of the corrupt.

A member of the Finance Committee, Ahmed Suleiman, told Al-Maalouma, “Iraq possesses frozen and smuggled sums in foreign banks estimated at about 500 billion dollars, which requires the executive authority to move quickly to recover them and address the financial situation.”

On the other hand, the representative of the Al-Fateh Alliance, Hassan Shaker, warned in a statement to “The Information” of “the danger of the smuggled money going to the pockets of the corrupt, especially since the government did not make clear any seriousness to recover those funds,” stressing “the need to expedite the legislation of the Iraqi money recovery law.” abroad and not to carry over its law to the next parliamentary session.”

In addition, the legal expert, Tariq Harb, told Al-Maalouma that “there is great importance to legislating the aforementioned law, in addition to that it does not need more than a week in Parliament, in addition to that it depends on the judicial and punitive side and not only the seizure of funds, as well as on the international side. And not just internal.    LINK

China surprised the world with an oil discovery

06/21/21 15:41:13

The giant Chinese oil company, CNPC, announced the discovery of the largest shale oil reserves in China with a volume of one billion tons. 

The company stated that new reserves of shale oil were explored in the Ordos field in the Chinese province of Gansu.

China began large-scale exploration and production of shale oil in Qingqing County, Gansu Province in 2019.

According to some forecasts, this will allow to stop China’s increasing dependence on imported oil from abroad.

Available data indicate that China currently imports about 70% of national oil consumption.   LINK

Source: Dinar Recaps

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