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Tishwash:
Kurdistan Regional Government: Baghdad holiday tomorrow does not include the region
The Kurdistan Regional Government announced today, Saturday, that tomorrow’s Baghdad holiday does not include the region.
The regional government said in a statement, “Official holidays and occasions have been previously specified in its official schedule. The holidays and occasions remain as they are.”
She added, “No changes will be made to it unless the Kurdistan Parliament, in accordance with its powers, decides to reconsider it and make a new decision regarding it.” link
Reassuring citizens, the Central Bank told NINA: We have ample cash liquidity.
The Central Bank of Iraq (CBI) reassured the banking and community circles of ensuring the availability of cash liquidity to cover all local transactions in Iraqi dinars.
The Governor of the Central Bank, Ali Al-Alaq, said in a statement to the National Iraqi News Agency ( NINA ), that “the Central Bank is the last entity that can be without cash liquidity in Iraq.”
He explained that “the Central Bank has wide scope to provide local currency to the extent that this currency is covered by foreign reserves, which currently far exceeds the level of local sufficiency, and more than we can finance.”
He added, “There is frequent confusion between the position of the Central Bank, which is a completely different situation from the financial situation related to the financial policy in the country or the Ministry of Finance,” indicating that “the Ministry of Finance’s revenues are based in dollars through Iraqi oil sales in the global market.”
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Al-Alaq stressed that “the Central Bank deals in Iraqi dinars for all amounts it receives in dollars, and this is very available under any circumstances,” calling for distinction and separation between the financial situation at the level of the government and the Ministry of Finance, and the availability of cash at the Central Bank of Iraq. / link
The government is preparing to approve the 2025 budget. Al-Sudani’s advisor reveals the details.
The Iraqi government is likely to approve the draft budget before Eid al-Fitr, according to Mohammed Shia al-Sudani, the prime minister’s financial and economic advisor.
Mazhar Mohammed Saleh said the Cabinet will likely approve the 2025 budget law before Eid al-Fitr and submit it to Parliament.
Saleh explained that spending constitutes approximately 67% to 70% of the total public expenditures in the budget law, which consist of salaries, allowances, retirement, and social care.
The Prime Minister’s advisor noted that the budget is approximately 200 trillion dinars, with a deficit of approximately 64 trillion dinars.
Iraq has a three-year budget for 2023, 2024, and 2025, and is required to submit the budget schedule to Parliament annually.
Parliament approved the 2024 budget schedule on June 3, 2025.
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Iraq’s 2024 budget amounts to more than 211 trillion dinars, an increase of approximately 12 trillion dinars compared to 2023 link
New meetings with oil companies to resume exports via the Turkish port of Ceyhan.
Economic expert Hevidar Shaaban revealed, today, Sunday (March 16, 2025), that two meetings were held between the Federal Ministry of Oil and the Ministry of Natural Resources in the Regional Government, with representatives of oil companies operating in Kurdistan .
Shaaban told Baghdad Today, “The first meeting will be held in Baghdad this week, and another meeting will be held next week in Erbil between the same parties to resolve the issue of resuming oil exports through the Turkish port of Ceyhan.”
He added, “The oil export problem is not related to the federal government or the regional government, but rather the oil companies are refusing to resume exports at this time until the regional government’s debts are paid.”
Among the most prominent issues facing the resumption of oil exports through the Turkish port of Ceyhan are the method of calculating oil quantities, the method of payment, and the share of international companies extracting oil from the Kurdistan Region, in addition to the issues of salaries, fees, and customs duties. Delegations between the two sides are attempting to resolve these issues before the start of export operations.
Oil Minister Hayan Abdul Ghani surprisingly announced last February the resumption of exports from Kurdistan, a move that could end a nearly two-year conflict that has disrupted supplies of more than 300,000 barrels per day entering global markets via Turkey link
Source: Dinar Recaps
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