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KTFA
Clare » July 23rd, 2023
Statement issued by the Central Bank of Iraq
July 23, 2023
The Central Bank of Iraq confirms that it continues to meet the legitimate requests for the US dollar from the official outlets licensed by it and at the official rate set for the beneficiary, which amounts to (1320) dinars to the dollar, and calls on the Central Bank to report the case of paying a price higher than the official price decided above, and the account of the bank or the exchange company with this bank bears the compensation for those affected by the price difference, through the following e-mail:
( banking.awareness@cbi.iq )
Or call the following numbers:
07809224663
07853330555
07721111418
Central Bank of Iraq Media Office
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A parliamentary committee is awaiting a meeting with the President of the Kurdistan Region regarding the oil and gas law, which the Sudanese insist on approving
7/23/2023
The Parliamentary Oil and Natural Resources Committee confirmed, on Sunday, that it is awaiting a meeting with the President of the Kurdistan Region, Nechirvan Barzani, to resolve the final version of the oil and gas law, noting at the same time the insistence of the head of the federal government, Muhammad Shia al-Sudani, to approve it as soon as possible.
Member of the Parliamentary Committee, Ali Saadoun Al-Lami, told Shafaq News agency, “The oil and gas law is one of the important laws that are in the interest of the country, and its approval has been delayed since the first session of Parliament.”
And that “disagreements between the federal government and the Kurdistan Region have delayed the approval of the oil and gas law in Parliament since 2007 until today.”
He pointed out that “the Parliamentary Oil and Energy Committee met with the presidents of the republic, ministers, and a number of heads of political blocs, all of whom have the intention to pass the law.”
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Al-Lami pointed out that “the Parliamentary Oil and Energy Committee requested a meeting with the President of the Kurdistan Region, Nechirvan Barzani, to discuss the law, and so far we have not received a response.”
He emphasized that “Prime Minister Muhammad Shia’a al-Sudani insisted on approving the oil and gas law, which organizes and arranges the oil relationship between the center and the region.”
Al-Lami explained that “70% of the disputes have been resolved, and only a few remain, and the current dispute crippling the law is how to manage the oil fields in the Kurdistan Region. In the law, management is by the federal government, but the regional government has another opinion on that.”
The oil and gas law is one of the most important differences between the federal government and the Kurdistan Region, and the parties did not reach a settlement on it throughout the past four parliamentary sessions.
During the current parliamentary session, the political blocs are counting on reaching solutions to the existing differences and pushing for understandings that satisfy all parties to pass the law. LINK
Source: Dinar Recaps
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