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Al-Sudani told Shafaq News: Funding the salaries of the Kurdistan Region continues, 21 FEB

Al-Sudani told Shafaq News: Funding the salaries of the Kurdistan Region continues

2024-02-20 09:51ShareFont

Shafaq News/ Federal Prime Minister Muhammad Shiaa Al-Sudani confirmed, on Tuesday, the continuity of funding the salaries of Kurdistan Region employees, while indicating that the budget’s financial deficit reached 60 trillion dinars.

Al-Sudani said in response to a question from a Shafaq News Agency correspondent, during a press conference held this evening, that “the budget for three years included the cost of oil production according to the national price,” pointing out that “the cost of oil companies to extract oil in the Kurdistan Region is more than the national price.” “And the oil companies in the region have stopped producing oil.”

He explained that “financing the salaries of the Kurdistan Region continues, and the last one was in February in accordance with the budget law.”

He pointed out that “the general budget law obliges the government to send the tables to the House of Representatives,” revealing that “the financial deficit reached 60 trillion dinars in the 2023 budget law.”

At the end of last month, the Kurdistan Region Council of Ministers called on the Federal Council of Ministers to approve the amendment to the budget law in the “agreed upon form” and send it to the House of Representatives for approval. It also urged the Federal Ministry of Finance to implement the recent decision of the Federal Council of Ministers as soon as possible.

https://shafaq.com/ar/%D8%B3%DB%8C%D8%A7%D8%B3%D8%A9/%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%84%D8%B4%D9%81%D9%82-%D9%86%D9%8A%D9%88%D8%B2-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%B1%D9%88%D8%A7%D8%AA%D8%A8-%D8%A7%D9%82%D9%84%D9%8A%D9%85-%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86-%D9%85%D8%B3%D8%AA%D9%85%D8%B1

Al-Sudani: Our government has begun signing a bilateral strategic partnership with European Union countries, 21 FEB

Al-Sudani: Our government has begun signing a bilateral strategic partnership with European Union countries

Prime Minister Muhammad Shiaa Al-Sudani in a press conference: 
▫️ We took up to 40 decisions during four Cabinet sessions regarding various service projects that have been lagging for years
▫️ In light of these decisions, most of the reasons due to which the projects were stopped have been resolved
▫️ A priority for services is to complete the lagging projects
▫️ Approval of a system Electronic payment is one of the most important reform steps of this government
. ▫️ Our visit to the Netherlands comes within the framework of the transformation of Iraq’s relations from the international coalition relationship to bilateral relations.
▫️ The European Union is one of the important destinations for Iraq in establishing relations.
▫️ Our government has begun signing a bilateral strategic partnership with the European Union countries
. ▫️ We agreed. With Italy to solve a problem that was hindering any economic cooperation between the two countries, which is a problem from the year 1985 and which relates to one of the previous decades
▫️The European Union countries have many qualifications in the economic aspect
▫️We sensed in the Netherlands a serious desire to expand bilateral relations
▫️We focused at the Munich conference on the transition file In relation to the international coalition and bilateral relations

He follows…

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Iraq PM shifts focus to domestic oil derivatives, 21 FEB

Iraq PM shifts focus to domestic oil derivatives

Shafaq News/ Iraqi Prime Minister Mohammed Shia Al-Sudani announced on Tuesday that he is actively monitoring the progress of the Grand Al-Faw Port through surveillance cameras.

Speaking at a press conference, Al-Sudani highlighted the "significance" of Al-Faw Port for the government. 

"We are following the work through surveillance cameras installed in the port through which we can see every place in it…the first projects from Al-Faw Port are expected to be completed after mid-2025 according to the planned timeline."

Concerning the Global Coalition presence in Iraq, Al-Sudani pointed out that the Iraqi-American High Military Committee (HMC) meetings are held in the presence of the Coalition and not only the United States.

"The Iraqi security forces are ready and able to protect the country's security, so there is no need for the presence of advisors from 25 countries in Iraq."

On the economic file, Al-Sudani revealed a significant development in the Iraqi oil sector, stating, "For the first time in the history of the Iraqi oil sector, associated gas investment projects have been started." 

The Prime minister expressed "confidence that Iraq would have sufficient gas production within three to five years to reduce or eliminate the need for imports."

"We are moving towards securing the production of petroleum derivatives instead of importing them."

https://shafaq.com/en/Iraq-News/Iraq-PM-shifts-focus-to-domestic-oil-derivatives

"RV UPDATE" BY PIMPY, 21 FEB

 Pimpy   

 Community Comment: "Once the 3 zeros are deleted, establishing IQD's REER, then the rate will go up in increments."  That's not what you want.  You do not want them to delete the zeros before the rate goes up.  If they delete the three zeros off your currency then your 25,000 dinar becomes a 25 dinar and then they raise the rate?  That's not going to help you.  We'll see what happens.

 If you're going to exchange your Iraqi dinar, let's just say for the sake of this particular example...3 to 1, congratulations you now got millions of dollars.  So you go and you swap your currency and they're saying, 'Hey, you got $3 million in your account.'  Yah!   You can't say to them I want $3 million dollars because the bank doesn't carry money like that no more. They might say...we are going to allow you to carry out $5,000 for today cash but we're going to have to set an appointment with you to come pick up the rest of the cash...If they have to order currency for you, they're going to charge you a fee because they have to pay a fee...

Iraqi Dinar🔥 RV Update Of Iraqi Dinar By Wolverine Today 2024🔥iraqi dina...