Sunday, January 12, 2025
Saturday, January 11, 2025
National Union: Baghdad is facing a decisive test to end the oil export crisis and secure the region’s salaries, 12 JAN
The leader of the Patriotic Union of Kurdistan, Mahmoud Khoshnaw, confirmed the existence of a positive atmosphere between Baghdad and Erbil in the financial and economic aspects, while pointing out that solving the oil export crisis and securing the salaries of the Kurdistan Region is the responsibility of the Federal House of Representatives.
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Khoshnau explained {For the Euphrates News} that: “Amending Article 12 of the Budget Law, relating to the resumption of oil exports, is an essential step in this direction.
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He pointed out that “the Federal Ministry of Finance confirmed that it is not possible to pay the Kurdistan Region’s share of the budget unless the export of oil is resumed, in return, the region expressed its readiness to export oil, but the problem lies in the absence of agreement and agreement with the producing companies in the region.”
Khoshnau added that “the Kurdistan Region handed over the entire oil file to the federal government, which makes the ball now in the court of the Iraqi Ministry of Oil,” praising “the efforts of the federal government in this file, as it submitted a project to the House of Representatives that includes four paths to resolve the crisis.”
The leader of the National Union concluded by stressing “the need for all parties to adopt the establishment of the pillars of readiness and cooperation to solve this crisis, especially as it relates to the salaries of employees and retirees, who are long overdue for a radical solution to this problem.”
An official document revealed Erbil’s refraint from paying oil revenues for the months of the Federal Ministry of Finance.
The document, obtained by {Euphrates News}, included an official address between the Federal Ministry of Finance and the region to explain the reasons for Erbil’s abstaining from paying the amounts of oil revenues for the months of (July-Aust-September).
BROTHERS TECHNOLOGY: I Think The ministry of Oil is ready…, 12 JAN
Minister of Finance: We financed all the salaries of the Kurdistan Region 2024 and handed them over the responsibility of the region, 12 JAN
Finance Minister Taif Sami announced on Saturday the financing of the full salaries of the region’s employees for 2024.
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“Employees’ Salaries During 2025 Are Fully Secured,” Sami Said During Her Hosting At The Parliamentary Finance Committee, Stressing That “The Federal Government Paid More Than 11 Trillion Salaries To The Employees Of The Kurdistan Region. The Authorities In Kurdistan Did Not Hand Over The Region’S Oil And Non-Oil Revenues To The Center.”
She added, “The region’s non-oil revenues amounted to more than 4 trillion dinars. Erbil sent only 320 billion dinars to Baghdad, and we financed the entire salaries of the region’s employees for 2024 and are not responsible for not delivering them to their entitlements.”
For his part, the head of the Parliamentary Finance Committee, Atwan Al-Atwani, said that “we discussed during the hosting of the Minister of Finance the budget schedules of 2025 and the file of employees’ salaries.”
He explained that “the hosting mainly aims to determine the priorities of spending in the 2025 budget and the proposal to amend Article (12) in the Tripartite Budget Law,” stressing that “the Committee is keen to integrate the work between the legislative and executive authorities.”
https://alforatnews.iq/news/وزير-المالية-مولنا-رواتب-إقليم-كردستان-2024-وتسليمها-مسؤولية-الإقليم
EXCERPTS FROM MARKZ, 12 JAN
EXCERPTS FROM MARKZ
Member: Thought HCL was Approved already a few weeks ago? They really do like to kick the can
Member: Second Reading on Monday ONLY if not postponed AGAIN
Member: Goldilocks said HCL was done and they were only waiting for 2 laws to be signed in quickly and we are good to go. I believe they were signed in already.
MZ: I am being told if the second reading goes well….they will immediately do the third reading …then Boom we will finally have the HCL.
Member: This is mental gymnastics because it was said that HCL had been already done. They had a second reading before last year. It seems like they are trying to throw off timing on this .
MZ: No updates on CMKX, Mr. C or the bond side yet today
Member: I heard a rumor that Sudani said the IQD would be worth $54 cents in the next 72 hours.
Member: At this point, I don't care what the rate is. Just get it done. I will make it work
MZ: I had not heard that tumor yet…but who would jump on it? I would sure think about exchanging and holding it in a multi currency account
Iraq 2026: Financial Modernization, Trade Growth & the Evolving Path of the Iraqi Dinar #iqdrate #iqd #iqdupdate
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