Clare
Article: "Waiting to be sent.. Oil and Gas Law on the Government Discussion Table" Quote: "Member of the Parliamentary Oil, Gas and Resources Committee, Kazem Al-Tawki, confirmed today, Thursday,
that the draft oil and gas law is awaiting approval within the Council of Ministers, indicating that the joint committees between the federal government and the regional government are continuing their work to decide on the law."
Waiting to be sent.. Oil and Gas Law on the Government Discussion Table
The draft oil and gas law is pending approval within the Council of Ministers, according to Kazem Al-Tawki, a member of the Parliamentary Oil, Gas, and Resources Committee. This means that the federal and regional government’s joint committees are still working to make a decision on the law.
Al-Tawki stated that “the draft oil and gas law is still in the government’s possession” and that “controversial articles hinder sending the draft to the House of Representatives.”
Noting that “the relevant committees are continuing their meetings in the hope of reaching an agreement on the controversial articles,” he continued, “the oil and gas law is still on the government’s discussion table.”
“The governments of Baghdad and the region share a common vision to finish the oil and gas law file and submit it to the House of Representatives,” he said.
Vian Dakhil, a member of the Parliamentary Integrity Committee, made a veiled reference on Thursday to the “domination” of foreign bank branches over the Central Bank of Iraq’s foreign currency buying and selling window.
“The committee is currently discussing the issue of financial and monetary policy in the Central Bank,” Dakhil stated. “Especially after information indicating the dominance of some branches of foreign banks and Iraqi banks over the Iraqi currency market and the window for buying and selling foreign currency,”
She stated, “The Parliamentary Integrity Committee is working on legislating a law that limits the authority of foreign banks and their branches and Iraqi banks with foreign capital,” implying that “this limits the huge profits that these banks obtain from Iraq.”
“There are some foreign banks and foreign capitals that control money transfers in Iraq, and unfortunately, all Iraqi money goes to another country,” Dakhil stated.
Due to “corruption” in the country’s currency auction, experts in Iraq say there could be “currency leakage” outside of Iraq.
The administration of the Central Bank intends to gradually end the dollar auction before ending it completely.
Militia Man
Article quote: "It must be noted here that the availability of foreign exchange reserves for the central bank exceeded $100 billion and a gold reserve exceeding 143 tons confirms the Iraqi dinar will recover and that it is strong."
They're reiterating what Sudani has said numerous times, the dinar will be stronger than the dollar
...1310 is not strong in comparison to the dollar. It's .0007643. That is very cheap. That's sub-penny...
It's going to change IMO.
Frank26 The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it. It's is my hope. It ...
