Sat. AM TNT News Articles 1-21-23



how much more understanding do they need?

Mousawi: Understandings between Baghdad and Erbil to pass the oil and gas law

A member of the Oil, Gas and Natural Resources Committee, Zainab Jumaa Al-Mousawi, confirmed today, Saturday, that there is a parliamentary effort to approve the oil and gas law soon.

Al-Moussawi said in a statement: “The adoption of the law soon in the House of Representatives will be a radical solution to the dispute over oil wealth between Baghdad and Erbil, and it will regulate all energy files throughout Iraq.”

Al-Moussawi added, “There are understandings between Baghdad and Erbil to approve the oil and gas law to take advantage of paragraphs that support the exclusive powers of the federal government regarding oil and gas in Iraq.”   link

Central Bank: The decision to activate electronic payment includes the public and private sectors

Baghdad – Mawazine News


The Central Bank of Iraq confirmed on Saturday that the use of electronic payment tools will be circulated in the public and private sectors in a binding manner.

The bank’s deputy governor, Ammar Hamad Khalaf, said that “the decision of the Council of Ministers to activate electronic payment in all joints aims to reduce the use of cash and increase the handling of funds electronically through the use of cards, which is an important complement to the salary localization project, which began to be implemented several years ago.”

He added that “the decision will enable the bank to implement a mechanism that enables employees to receive their salaries through payment cards currently used as MasterCard and fill in their bank balance without having to receive cash money.”

He added that “the Central Bank will intensify its efforts to increase the use of payment cards in markets and shops and the decision of the Council of Ministers will oblige government institutions and all spending units in the public and private sectors to find electronic payment machines in their transactions.”

Khalaf pointed out in an interview with the official news agency and followed by Mawazine News, that “payment via electronic devices will reduce cash circulation, which is better in terms of saving money and safer than transferring them.” 

The number of signatories to the “dollar session” increased to 200

The representative of the State of Law coalition, Muhammad Al-Ziyadi, confirmed, on Saturday, that more than 200 signatures were submitted to the Presidency of the Council of Representatives to hold a special session to discuss the reasons for the fluctuation of the dollar exchange rate, stressing that the people’s representatives will press hard for the session to be held. 


Al-Ziyadi said in a statement to Al-Maalouma, that “members of the House of Representatives submitted three times signatures to hold a session to discuss the repercussions of the continued rise in the exchange rate and its negative impact on the citizen’s livelihood, but the Presidency of Parliament did not put a paragraph hosting those concerned to clarify the real reasons behind the exchange rate hikes.” “.  
He added, “During the last session, the people’s representatives submitted a request signed by more than 200 signatures in order to hold a special session to discuss the fluctuation of the dollar exchange rate.”

Al-Ziyadi pointed out that “the people’s representatives will press hard for the session to be held and to host those concerned, and we will not wait for the session to remain determined by the whims of the Speaker of Parliament.”

The Prime Minister, Muhammad Shia’a al-Sudani, confirmed earlier, the continued support of the Central Bank of Iraq in order to stabilize the exchange rate of the dollar against the Iraqi dinar, warning against attempts to exploit the crisis  link

Global gasoline prices.. Venezuela is first and Iraq is ranked 12th

Venezuela ranked first in the world with (95) octane gasoline prices, while Iraq ranked (12) out of (168) countries covered by the price of one liter of this substance.

The average price of gasoline around the world is about $1.29 per liter for 95-octane fuel. However, there is a big difference in prices between one country and another for several reasons. As a general rule, richer countries enjoy higher prices, while poor, oil-producing and exporting countries have significantly lower prices. marked.

One notable exception is the United States, which is an economically developed country, but gasoline prices are fairly low.

The differences in prices between countries are due to the taxes imposed on gasoline, as well as the subsidies that governments provide for this vital commodity.

All countries around the world have access to roughly the same oil prices in international markets, but then set different tax rates, resulting in a different retail price for gasoline.

And the “Global Petroleum Price” website published a list of prices per liter of 95-octane gasoline in about 168 countries in the world, with Venezuela ranked first at a price of $0.016 per liter.


Libya came second with 0.031 dollars per liter, followed by Iran with 0.053, Angola fourth with 0.318, then Algeria with 0.338, Kuwait with 0.344 and Egypt with 0.366.

Iraq ranked 12th with a score of 0.513, followed by Bahrain with a score of 0.531, Qatar ranked 16th with a score of 0.577, and Saudi Arabia ranked 18th with a score of 0.620.

As for the countries that have the highest price of gasoline, Hong Kong ranked first with a liter of $2,954, followed by Iceland with $2,251, then Norway with $2,217.

As for the Arab countries, Syria ranked first with the price of one liter of gasoline amounting to 2.043, followed by Jordan 1.607, Morocco 1.4, Sudan 1.073, and then Lebanon 1.033 dollars.  link

Source: Dinar Recaps


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