The Central Bank expects the end of cash payments in Iraq.
The Central Bank's Director of Non-Banking Financial Institutions Supervision, Durgham Musa, said in a press statement that "the Central Bank, within the framework of legislation and regulations and under the direct supervision of Prime Minister Mohammed Shia al-Sudani and specialists in other ministries, has achieved progress in the field of electronic payments." He pointed out that "trillions of dinars have been paid electronically, in addition to the complete absence of cash transactions in the Ministry of Interior departments."
Moussa described these indicators as "excellent," aspiring to extend the experience to all government ministries, noting that "there are more than one initiative to encourage other government institutions to embrace the electronic digital payment framework."
He expected that "Iraq will completely abandon cash transactions in state institutions and other facilities in July of next year, thanks to the efforts and direct supervision of the government and the sectoral body represented by the Central Bank."
Central Bank and Monetary Policy Indicators for the First Half of 2025
Samir Al-Nusairi
The Central Bank's monetary policy objectives are to achieve growth and economic stability, amidst the extremely complex economic, security, and political conditions facing the world, impacting our country both positively and negatively.
Our economy has suffered from these conditions for decades, due to the rentier nature of the economy and the fact that 93% of the general budget allocations are based on oil revenues, which constitute approximately 60% of the gross domestic product. Meanwhile, the active productive economic sectors, namely agriculture, contribute 3% of the GDP, while industry does not exceed 2%, according to official data.
These are indicators that confirm the need to support, activate, and revolutionize the real sector to contribute to sustainable development, address shortcomings in local production, and address the failure of local producers to meet citizens' consumption needs for food and other basic commodities.
Therefore, the private commercial sector relied almost entirely on imports, and domestic trade was neither controlled nor regulated. Control over illegal trade and informal border crossings was weak, and the inflation rate was the most prominent challenge facing monetary policy, directly impacting exchange rate stability.
The inflation rate in January 2023 was around 7.5%, prompting the Central Bank to take numerous measures, in cooperation with the government, to regulate foreign trade financing, control foreign transfers, ensure regularity in the global financial and banking system, comply with international standards, and move away from the electronic platform.
And the implementation of its third strategy and the regular implementation of the comprehensive banking reform project. By analyzing the monetary policy indicators for the first half of 2025, we note the building of foreign reserves of approximately $100 billion, and the gold reserves of the Central Bank recorded a significant growth rate of (55%), as their value reached (22) trillion dinars during the same period, compared to their value of (14.7) trillion dinars in the second quarter of 2024. The decline in the issued currency contributed to a decrease in the inflation rate, which maintains the stability of the general price level, as the currency issued by the Central Bank recorded a decrease in the rate of (3.8%), as it reached (98.4) trillion dinars during the same period, compared to its value of (102.3) trillion dinars in the second quarter of 2024.
The decline in the inflation rate also indicates a decline in the general price level, as inflation recorded a low rate of (76%), reaching (0.8%) compared to the second quarter of 2024, which reached (3.3%). This confirms that the Central Bank was able to build basic pillars for monetary stability and achieve the most important objectives of monetary policy.
Shakhwan Abdullah: SOMO has reached an agreement with the Turkish side to resume the region's oil exports.
Iraqi Deputy Speaker of Parliament Shakhwan Abdullah announced on Sunday that the national oil company SOMO has reached an agreement with the Turkish side to resume oil exports from the Kurdistan Region after a halt that lasted more than two years.
Speaking to reporters today, Abdullah said that the regional government had reached an agreement with the federal government on oil and non-oil revenues, adding that SOMO had also agreed with Turkish companies to resume Kurdistan's oil exports.
Abdullah continued by saying that what remains is for the Iraqi government to legally and morally abide by these agreements and begin, in the coming days, disbursing the salaries of July and August to public sector employees and workers in the Kurdistan Region.
Shakhwan Abdullah: An agreement has been reached regarding the disbursement of salaries.
posted 3 hours ago as of 3:02 am cali time
The Deputy Speaker of the Iraqi Parliament, Shakhwan Abdullah, announced that the Kurdistan Regional Government (KRG) and the federal government have agreed to pay the salaries of the region's employees.
Speaking to local media on Sunday, Abdullah said, "An agreement has been reached on the oil and non-oil issues and the payment of salaries to Kurdistan Region employees."
He pointed out that the proposed new agreement between Türkiye and Iraq has been completed between SOMO and Turkish companies to transport Kurdistan Region oil.
Abdullah explained that "there are no remaining obligations. The Iraqi government only has to adhere to the moral and legal commitments to the agreement reached in recent days regarding the payment of salaries and its implementation."
Regarding the issue of transferring teachers to Baghdad, he said: "The transfer of teachers was not part of the budget, but as a presidency, we used our powers to transfer 15,900 employees and teachers from areas outside the Kurdistan Region's administration to Baghdad. However, the extremist chauvinistic mentality prevented them from accepting the transfer, and they did not vote on it."
The Foreign Minister arrives in New York to participate in the UN General Assembly meetings.
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in New York City to participate in the meetings of the 80th session of the United Nations General Assembly, as part of the delegation headed by President Abdul Latif Jamal Rashid.
A statement by the Ministry of Foreign Affairs stated that the Minister is scheduled to hold a series of high-level bilateral meetings with a number of his counterparts, Foreign Ministers, in addition to meetings with political leaders on the sidelines of the General Assembly.
The Minister will also participate, according to the statement, in specialized meetings and events held within the framework of this session, which discuss the most prominent current international and regional issues.
The Prime Minister's advisor reassures: The 2025 budget guarantees the smooth flow of salaries and pensions without interruption and ensures the sustainability of reconstruction.
The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the 2025 budget guarantees the smooth flow of salaries and pensions and ensures sustainable reconstruction, even though its schedules have not yet been approved by Parliament.
Wasal Saleh, in a special interview with “Iraq Observer”, said, “The general budget policy in Iraq is proceeding with its operational and investment components, relying on Law No. (13) of 2023, amended, regarding the three-year budget, which is the first medium-term financial plan to be implemented in the country, in addition to the current Federal Financial Management Law No. (6) of 2019, amended.”
He explained that "these two legislative frameworks provided sufficient flexibility for fiscal policy to achieve its objectives in fiscal year 2025, particularly with regard to the sustainability of major reconstruction projects, which constitute the core of the government's services program and the objectives of the investment budget."
He explained that "the operating budget is proceeding with great flexibility to cover current expenditures, including salaries, wages, pensions, and social care, stressing that these obligations are being managed with complete fluidity and thanks to precise cooperation between the legislative and executive authorities, without any interruption."
The financial advisor noted that "governance and transparency have become key components of public finance management, enhancing fiscal policy stability and preventing potential liquidity or liability management crises."
It's worth noting that Parliament voted in mid-June 2023 on the budget for the years 2023, 2024, and 2025, a move described at the time as "unprecedented in the history of Iraqi finance," as it marked the first time a multi-year budget had been passed.
SOMO: Expected Increase in Iraqi Oil Exports... Millions of Dollars to Support the Budget
6 million barrels per month
The State Oil Marketing Organization (SOMO) announced on Sunday, September 21, 2025, that oil exports will rise to 6 million barrels per month after the voluntary cut ends. It indicated that this increase in exports will generate hundreds of millions of dollars in additional revenue that can be invested to support budget requirements.
The company's general manager, Ali Nizar Al-Shatri, said in a press statement monitored by Al-Jabal, "Iraq has achieved an increase in its oil exports after the voluntary reductions were gradually ended by the OPEC countries and the countries allied with them."
Al-Shatri explained that "Iraq was able to increase its oil production, which allowed it to raise the volume of its exports, based on a study of the oil market balance by OPEC and non-OPEC experts, who approved the possibility of making this increase."
He added, "Oil exports are the primary source of funding for the general budget. With current prices ranging between $65 and $68 per barrel, and an annual average of approximately $70, an increase of approximately 200,000 barrels per day, equivalent to 6 million barrels per month, will contribute to hundreds of millions of dollars in additional revenue that can be invested to support budget requirements."
He pointed out that "the Oil Marketing Company, through commercial agreements and profit-sharing projects with foreign companies, is working to generate greater revenues from the sale of conventional oil through ports. This is achieved by reselling a portion of the barrels on global markets when commercial opportunities arise or when certain companies demand it, thus generating additional profits above the official price."
He pointed out that "the company also activated a mechanism for selling spot shipments, which enabled the sale of a number of barrels at price premiums commensurate with the volume of demand and opportunities available in the global oil market."
On September 7, eight OPEC+ countries, including Iraq, agreed to increase oil production by 137,000 barrels per day, starting next October.
According to a statement issued by the alliance following a meeting held on the above date, " In light of the stable outlook for the global economy and the current good market fundamentals, as reflected in the decline in oil inventories, the eight participating countries have decided to implement a production adjustment of 137,000 barrels per day."
The coalition indicated in its statement that it "could partially or fully resume pumping supplies of 1.65 million barrels per day, depending on market developments and on a gradual basis."
Launching five documents for joint strategic initiatives between Iraq and the United Nations
he Ministry of Environment announced today, Sunday, the launch of five documents for joint strategic initiatives between the Republic of Iraq and the United Nations aimed at improving the environmental situation in the country.
The ministry said in a statement, "Under the patronage of Prime Minister Mohammed Shia al-Sudani, the capital, Baghdad, today hosted the launch ceremony of five documents for joint strategic initiatives between the Republic of Iraq, represented by the Ministry of Environment, and the United Nations system, with high-level representatives of the international community and diplomatic missions operating in Iraq in attendance."
Environment Minister Helo Al-Askari affirmed, according to the statement, that "the Iraqi government has given exceptional attention to the environmental issue, moving it from the planning stage to the implementation stage through integrated strategies aimed at improving the environmental situation and addressing the repercussions of climate change."
He added, "The Iraqi government, headed by Prime Minister Mohammed Shia al-Sudani, has achieved clear success through effective partnerships with the international community, United Nations agencies, the private sector, and civil society organizations, in addition to systematic cooperation with sectoral ministries such as oil, electricity, industry, water resources, agriculture, municipalities, and others, within specific roles within the framework of Iraq's National Contribution Document."
He explained that "the documents will result in practical programs, plans, and projects that will have a direct impact on serving the most vulnerable groups and regions," stressing that "Iraq faces growing challenges represented by scarce water resources, high salinity rates, expanding desertification, and worsening air and water pollution problems, in addition to the environmental and living pressures that fragile regions, especially in the southern governorates, suffer from, which cause repeated waves of environmental migration."
He pointed out that "the updated national contributions and the documents presented reflect a fruitful, collaborative national effort and embody the determination to build a more resilient, low-emission, and sustainable Iraq through collective action involving the government and development partners."
For his part, the UN Secretary-General's Special Representative for Iraq, Ishaq Ghulam, commended the achievements of the Iraqi government, led by Prime Minister Mohammed Shia al-Sudani, according to the statement, appreciating its ability to shorten the time and effort required to achieve high-level partnerships with the international community. He specifically noted the exceptional efforts made by the Ministry of Environment, in cooperation with the Ministry of Planning.
He stressed that harmony and coordination open promising prospects for enhancing joint climate action and ensuring the success of proposed initiatives.
Undersecretary of the Ministry of Planning, Maher Johan, also highlighted the importance of the fruitful cooperation between the Ministries of Planning and Environment, which has contributed effectively to formulating environmental policies and strategies. He noted that the launch of these five initiatives represents a qualitative step that reflects Iraq's serious commitment to climate action and strengthens its position in international efforts to address the effects of climate change, opening the way for green investment opportunities, sustainable development, and consolidating the foundations of peace and prosperity for all.
The statement continued, "The launch event witnessed a wide attendance from all United Nations agencies, along with a number of ambassadors and representatives of sister Arab countries and friendly foreign countries operating in Iraq, affirming the importance of these initiatives and their role in supporting the climate action process at the national and international levels."
Venezuelan President Maduro intends to hold talks with the United States.
Venezuelan President Nicolás Maduro rejected US accusations that he is a drug trafficker and asked President Donald Trump for dialogue, according to a letter published by Caracas amid escalating tensions between the two countries.
The letter addressed to Trump is dated September 6, meaning it was sent days after the United States deployed a small naval fleet off the coast of Venezuela and began targeting boats in the area allegedly transporting drugs.
The first attack killed 11 people and was followed by two more, despite Maduro's appeal for peace in his message.
In his letter, Maduro denied US allegations that he leads a drug cartel, describing them as "completely false."
"This is the worst kind of fake news being spread against our country, escalating an armed conflict that could cause catastrophic damage to the entire continent," he added, calling on Trump to "preserve peace through dialogue and understanding."
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Oil flows to Ceyhan, but internal revenues stand in the way, testing the patience of Baghdad and Erbil.
The resumption of Kurdistan's oil exports via the Turkish port of Ceyhan reveals its complexities, intertwined with the legal, political, and economic realms, amidst the losses accruing to Baghdad and Erbil since the halt in exports. The agreement signed with Turkey, valid until mid-2026, provides a legal basis for the resumption, but the problem lies not only in the texts, but also in the parties' ability to reach an understanding on revenues and their distribution mechanisms. Monitoring data indicates that the halt in exports has directly impacted salaries and markets in the region, making this issue a top priority for both sides.
Kurdistan Democratic Party (KDP) member Saleh Omar told Baghdad Today, "With Kurdistan's oil exports approaching, and the tripartite agreement between Baghdad, Erbil, and oil companies, the federal government must also make concessions on non-oil revenues." This proposal, in line with modern political approaches, emphasizes that Erbil's commitment to oil deliveries must be accompanied by federal flexibility on internal revenues, which have remained an open point of contention since 2003.
The dispute over revenues takes on greater dimensions when it comes to the share of revenues. Saleh Omar pointed out that "insisting on handing over 50% of federal and local revenues will greatly harm the region and hinder the implementation of the government's obligations, especially after the full oil distribution." According to legal interpretations, this position reveals a loophole in the Iraqi constitution, which does not clearly define the mechanisms for distributing non-oil resources, making them a constant arena for political bickering.
Living conditions are also present, as Omar believes that "Baghdad is required to show flexibility on this issue and begin disbursing July and August salaries immediately so that Kurdistan's markets and various sectors can revive." Independent research estimates confirm that regular salary payments are the most influential factor in stabilizing economic and social activity, and that any delay has a profound impact on public confidence in the political process.
From the Turkish side, oil expert Bahjat Ahmed explained to Baghdad Today that "Turkey has agreed to resume exports of Kurdistan Region oil through the Turkish port of Ceyhan, noting that the previous agreement signed between Iraq and Turkey remains in effect until July 2026, which allows for the resumption of exports without legal or procedural obstacles." This statement, according to institutional experts, reflects Ankara's determination to protect its interests as a strategic energy corridor and ensure the continuity of its revenues from transit fees.
Regarding oil companies, Ahmed explained that "the tripartite oil agreement between Baghdad, Erbil, and foreign oil companies will go ahead this time, as it is beneficial to all parties. The oil companies will receive their financial rights in the form of oil, at a value of $16 per barrel. This is beneficial for the companies, as they will not have to wait to receive their rights, and it is also beneficial for the federal government, which will not pay money but rather oil, as it is facing a liquidity crisis." Monitoring data indicates that this mechanism of in-kind payments provides a breathing space for Baghdad in the face of the liquidity crisis, but it remains linked to the stability of global oil prices.
According to informed sources who spoke to Baghdad Today, the memorandum signed between the Ministry of Natural Resources in the region and the federal Ministry of Oil stipulates that the region will retain 50% of the oil produced for domestic use, while the remainder will be exported through SOMO, with companies' dues paid at a fixed price of $16 per barrel. According to independent research estimates, this mechanism gives companies a clearer horizon for recovering their rights, but it requires transparent oversight to avoid any future financial disputes. Here, Bahjat Ahmed's final message appears to be that the success of the agreement is not measured by the signature alone, but rather by the ability to sustain it through the implementation of its provisions on the ground.
In short, exports via Ceyhan are imminent, but they will remain contingent on Baghdad and Erbil's flexibility in addressing the domestic revenue issue. If the agreement is adhered to to the letter, Kurdistan's markets will recover, and Baghdad will ease liquidity pressures by paying in oil instead of cash. However, if the settlements remain partial, any resumption of exports will remain fragile and vulnerable to disruption at the first new dispute.
Expectations of a new US escalation against factions in Iraq
Today, Sunday (September 21, 2025), the American Fox News network published a report in which it predicted that the US administration would engage in a new "escalation" against factions in Iraq in the coming period, stressing that the US administration is now certain that "there will be no consequences" for targeting the factions.
The network said, as translated by Baghdad Today, that the US administration broke the taboo of directly targeting factions inside Iraq without consulting the Iraqi government. The network cited Benham Ben Tlabello, an expert on Iranian affairs at the Foundation for Defense of Democracies, as confirming that the general trend would be "further escalation."
The network continued, quoting the expert, "During US President Donald Trump's first term in office, the United States broke the taboo of engaging with factions within Iraq that targeted it and countries in the region, without any real consequences." The expert explained that "the United States feared that directly targeting factions would ignite a civil war, referring to a conflict against the Iraqi government."
He added, "The United States is now reassured that there will be no repercussions for targeting factions, and will increase the pace of targeting to advanced stages in the coming period."
The network concluded its report by stating that "the process of placing the factions on the terrorist list is a prelude to future targeting operations, during which the US administration will be able to engage with the factions directly without incurring legal repercussions."
Rafidain Bank finances 85 new projects under the Entrepreneurship Initiative, worth one billion dinars.
Rafidain Bank announced today, Sunday, the launch of the seventeenth batch of the Leadership and Excellence Initiative to support small and medium-sized enterprises, with a total amount of one billion Iraqi dinars and 85 registrations.
The bank's media office said in a statement that "this payment comes as a continuation of the efforts aimed at financing entrepreneurs and youth within the Central Bank of Iraq's initiative," stressing that "the number of financed entries reached 2,272 entries and the total value of the amounts granted so far amounted to 29,941,000,000 billion Iraqi dinars, which reflects the bank's commitment to supporting pioneering projects that contribute to building the national economy."
Banking reform between the strictness of the standard and the realism of implementation
The Central Bank of Iraq and the local banking system are going through a critical phase that does not tolerate gray solutions. After the Central Bank contracted Oliver Wyman last year to conduct a comprehensive study, the initial report was submitted a few weeks ago, followed by the final report, which included a package of mechanisms to address structural imbalances and regulate dollar transactions. In practice, we are faced with a reform document that establishes a qualitative shift in governance, compliance, and capital. At the same time, it challenges banks—especially those that are struggling or facing sanctions—to test their ability to quickly adapt to a complex operating environment.
Among the most prominent recommendations are raising the capital of all banks to 400 billion dinars, with $2.4 billion to be repaid over four years, and setting clear conditions for mergers or liquidations, in addition to restructuring ownership so that relatives' stakes do not exceed 10 percent. These conditions, while logical from the perspective of increasing capital strength, strengthening governance, and reducing conflicts of interest, represent a clear challenge to a group of banks facing regulatory restrictions, sanctions, or fragile capital and liquidity. Therefore, I expect—based on a technical reading of the market and banks' capabilities—that the Central Bank will move to extend the implementation horizon to three years, instead of the previous deadline of the end of this year, while maintaining strict targets and interim accountability.
The essence of reform here is not in announcing the numbers, but in converting them into a realistic timeline that helps banks achieve compliance without disrupting the financial system. A capital increase of this magnitude, in a market where financing capabilities remain limited and governance is uneven among banks, requires sufficient time to complete well-thought-out merger deals or orderly divestments. It also requires building internal capabilities in risk management, combating money laundering, complying with dollar transfer restrictions, and rehabilitating digital and regulatory infrastructure.
On the other hand, there is a dual reform path that distinguishes between banks that choose to operate locally under close supervision by the central bank, with improved standards suited to the domestic market, and other banks that wish to integrate into the international financial system, fully adhering to global standards and international technical partnerships such as Oliver Wyman. The importance of this approach lies in its recognition of the varying starting points among banks and the structural flexibility it provides to the system, reducing the cost of adaptation, without compromising the ultimate goal: a safer, more transparent sector that is more connected to the global market.
Between rigor and flexibility, we need implementation governance that is no less important than the content of the document itself. This means forming joint technical committees between the central bank and the banks to oversee the procedural details of each component: How should capital be raised? In what timeline? What are the minimum standards for board governance and relative ownership? How should dollar channels be managed and trust restored with correspondent banks? What are the interim progress thresholds that will be rewarded with gradual liberalization? Having a roadmap with clear timelines transforms the document from a statement of intent into a measurable and accountable performance contract.
As for mergers and liquidations, what is required is not a race to extinguish brand names, but rather market engineering that preserves depositors' rights and reduces moral hazards. A successful merger requires matching assets and liabilities, cleaning up loan portfolios, re-pricing risks, and managing the transition of systems and personnel without disrupting customer services. An orderly liquidation requires a clear toolbox: a bridge bank when necessary, transparent compensation mechanisms, and a timetable that ensures the resolution does not turn into a confidence shock. In the background is the dollar issue, the greatest test of confidence. Regulating transactions is not measured solely by the number of restrictions, but rather by banks' ability to demonstrate actual compliance through Know Your Customer (KYC) systems, tracking transactions, and compliance with sanctions. Success here is directly reflected in reducing remittance costs and restoring correspondent channels, which supports trade, reduces pressure on the parallel market, and improves the pricing of sovereign risks. Realism does not mean complacency. A delicate balance is required: a carefully considered timeline that allows banks to reposition, coupled with stringent interim checkpoints and regulatory rewards tied to actual performance rather than promises.
Iranian FM denies secret talks with US
Iranian Foreign Minister Abbas Araghchi on Saturday dismissed claims of secret talks with US envoy Steve Witkoff, as the United Nations prepares to reimpose sanctions on Tehran under the 2015 nuclear deal’s snapback mechanism.
Media reports claimed the discussions centered on an Iranian proposal for urgent negotiations on an interim deal leading to a broader agreement with Washington.
Araghchi told Iran’s Tasnim News Agency that while Tehran and Washington sometimes exchange messages through intermediaries, “no such talks had taken place.”
Axios, citing European diplomats, reported that the proposal included a verbal pledge to reduce uranium enrichment from 60 percent but required scrapping the snapback provision in advance, adding that the offer was declined.
Earlier, the UN Security Council voted down a draft resolution to permanently lift sanctions on Iran. Britain, France, and Germany had already triggered the snapback process on August 28, citing Tehran’s uranium stockpile—more than 40 times the limit set in 2015—and an IAEA finding of non-compliance. Unless negotiators reach a deal, all pre-2015 sanctions, including arms and missile embargoes, will automatically return on September 27.
The suspended budget: A representative warns of economic and service disruption if the 2025 schedules are not approved.
Member of Parliament Ahmed Al-Sharmani ruled out approving the detailed schedules for the 2025 budget on Sunday (September 21, 2025), attributing the reason to what he described as the government’s “lack of seriousness” in sending it to Parliament within the specified deadlines.
Al-Sharmani told Baghdad Today, "The delay in submitting the budget schedules will lead to disruption in the work of state institutions and delay the release of financial allocations for investment and service projects." He warned that "many vital sectors, most notably projects directly linked to citizens, will be affected by this disruption."
He added, "The previously approved three-year budget was supposed to help accelerate implementation and ensure the stability of financial plans, but the government's poor handling of its schedules has rendered this advantage meaningless."
He stressed that "continued delays will disrupt the reconstruction process and impact Iraq's domestic and foreign commitments, in addition to disrupting job opportunities that could have been created by budget-funded projects."
In June 2023, Parliament approved a three-year federal budget (2023-2025) for the first time in the country's history, in an effort to ensure financial stability and accelerate project implementation. However, the law required the government to submit detailed schedules annually to Parliament for approval, which has not yet occurred for 2025.
This delay has sparked widespread controversy within political and economic circles, as it is feared that it will disrupt investment and service projects and delay the release of financial allocations to ministries and governorates. Experts also believe that the delay threatens to undermine the full benefits of the three-year budget, which was supposed to put an end to the financial instability that Iraq has suffered from in previous years.
PUK MP: Kurdistan Regional Government and Baghdad agreement will decide salaries
The State Council will publish its report today 21-9-2025 and send it to the Federal Council of Ministers The future depends on the agreement between the Kurdistan Region and Baghdad.
Speaker of the State Council: The content of our report is positive
د. Narmin Ma'roof, a member of the Iraqi parliament from the PUK faction, told PUKMEDIA that the state council did not want a delegation from the Kurdistan Region for its meeting, but asked representatives of the Ministries of Justice and Finance to be present Because their counterparts in the federal government are involved, they wanted to get the opinion of the region on this issue, but according to my information, they did not participate in the meeting of the State Council, although I did On Thursday, I met with the chairman of the council and he told me that we had prepared the report as a council and our views were good and the content of our report was positive, but we were waiting for his representative "But according to my information, the Kurdistan Regional Government's representative has not visited him yet, so the State Council has finished its work and that's all that remains," he said They will probably have to send their report to the Iraqi prime minister without the Kurdistan Regional Government's representative.
The Iraqi government is giving more guarantees to oil companies
Regarding the issue of oil exports and the problem of oil companies, the PUK MP said: The oil issue is a trilateral issue, which is between the Kurdistan Region and Baghdad and the oil companies operating in the region. The three parties must agree. The latest position of the Kurdistan Region is to recover 50,000 barrels of oil per day for domestic consumption and the rest will be exported through SOMO or used for domestic needs according to the law The budget, in response, the Iraqi government has said that instead of the $ 16 rent can be given to oil companies, so that they can use it as they wish, as a further guarantee for the companies they rent A tripartite meeting is expected to be held today at the Oil Ministry to discuss the position of the three parties Officially announced.
The State Council shall submit its report to the Council of Ministers
د. "Non-oil revenues complement other issues of the agreements in July, it was said that the 120 billion dinars that the region should send for the fifth month, the same amount for the sixth month," she said According to the agreement, an expert committee in the Kurdistan Region and Baghdad should determine which of the Kurdistan Region's revenue should be returned to the federal treasury, because previously the region and Baghdad did not agree on the issue, so the issue was given to the Iraqi legal advisors, they were not resolved, so the Iraqi Council of Ministers was forced to send it to the State Council, which is expected They will present their report today or tomorrow, which is about 13 pages and has been sent for printing today and will be sent back to the Council of Ministers after auditing.
Sending this year's and next year's salaries depends on the agreement
About the fate of the salary of the first six months of this year and next year, Dr. Narmin Ma'roof said the fate of the salaries depends on the agreement between the Kurdistan Region and Baghdad, which has taken good steps, the salaries of the six months of this year and 12 months of next year all depend on this agreement on July 17, It is important that the oil and non-oil reports return to the Council of Ministers before Tuesday, then they will decide on salaries give.
From Oil to Overdraft Iraq’s Debt Hits 87 Trillion Dinars
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