"US AMBASSADOR ANNOUNCE SUCCESS OF HER MEDIATION BETWEEN CBI & US TREASURY", 31 JULY

 The US ambassador in Baghdad announces the success of her mediation between the Iraqi Central Bank and the US Treasury

2023-07-30 09:46

The US ambassador in Baghdad announces the success of her mediation between the Iraqi Central Bank and the US TreasuryShafaq News/ The US Ambassador to Iraq, Alina Romansky, announced that the US Treasury will not impose sanctions on Iraqi banks due to money laundering fears.

“Yesterday, I participated in a call between the Treasury Department and the Central Bank of Iraq (CBI) about the recent US measures to restrict 14 Iraqi banks from dollar services after money laundering concerns,” the ambassador wrote in a tweet on Twitter.

She added, “CBI took appropriate and prompt measures. No sanctions were imposed on any Iraqi banks. We will continue our work to improve compliance with AML/CFT regulations and digitize the Iraqi economy with our CBI partners.”

On Wednesday, July 19, the US Treasury imposed sanctions on 14 Iraqi banks in a crackdown on Iran’s dollar transactions.

shafaq.com

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Without siding with the region… Political efforts to legislate the oil and gas law

7-27-2023

Without siding with the region... Political efforts to legislate the oil and gas lawInformation / Bagdad …

Today, Thursday, a member of the Al-Fateh Alliance, Ali Al-Zubaidi, confirmed the existence of political movements and endeavors to legislate the oil and gas law and ensure fair distribution of oil revenues and wealth without siding with the region in this file.

Al-Zubaidi told Al-Maalouma, “There are vigorous moves to pass the oil and gas law in a fair manner for all, so that it regulates the relationship between Baghdad and Erbil and the distribution of wealth is fair, provided that the central government distributes the revenues coming to it, whether from Erbil or elsewhere.”

He added, “The oil of the areas under the control of the terrorist ISIS in the past period was sold to the region, in addition to the region’s smuggling of oil extracted from the fields of Kirkuk, and therefore the need has become urgent to pass the oil and gas law.”

And that “the legislation of the aforementioned law will make the oil wealth in the interest of Iraq as a whole and not only in the interest of the region, but it will legalize the oil file.”

Al-Zubaidi indicated that “resolving the law may take more time before it is legislated within the House of Representatives.”

almaalomah.me

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Expectations of the issuance of a package of changes affecting general managers in the Central Bank

7-30-2023

Expectations of the issuance of a package of changes affecting general managers in the Central BankToday, Sunday, political writer Halim Salman expected the issuance of a package of changes affecting two general managers in the Central Bank of Iraq, after the significant rise in dollar exchange rates.

Salman said in an interview with “ Jarida” , that “in light of the current data, and the failure of those in charge of drawing and implementing monetary policy, formal and informal discussions are taking place in this regard, the outcome of which is changing a number of relevant departments in the central bank.”

Salman expected that “a package will be issued to change a number of general managers, especially the supervisors of the currency auction, and under the guidance of Prime Minister Muhammad Shia’a al-Sudani during the next few days.”

jaredaiq.net