MP calls for enacting oil and gas law to solve salary crisis
Member of the Parliamentary Oil, Gas and Wealth Committee Nazim Al-Shabli called on the federal government today, Tuesday, to expedite sending the draft oil and gas law.
Al-Shabli told / Al-Maalouma / agency, “The legislation of the oil and gas law is sufficient to solve the crisis of salaries of the region’s employees, indicating that the law contributes greatly to stopping oil smuggling as well as addressing the salary crisis.”
He added that "the salary crisis is ongoing until now and there is hope and a beginning to solve it after the legislation of the oil and gas law within the Council of Representatives,"
noting that "the region continues to smuggle oil."
He stressed "the need to expedite sending the oil and gas law to solve the giant problems between Baghdad and Erbil." link
To help you on an exchange you're probably going to want to call your bank and schedule an appointment.
In other words don't just, if you're heavily invested in this, don't just walk into a bank with a big ole bag of money and say, 'I need to exchange all this.'
Call them, set it up, schedule it, let them know how much you have. Ask them, do they have limits that you can bring in?...I'm not calling a bank...I'm going to call Wells Fargo's private bank...I'll be able to bring in all my currency at one time. I don't have to bring it in stages or in different intervals or anything like that. I can bring it all in at once...
The Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, confirmed that the financial concerns raised from time to time about the economic situation in Iraq are "baseless."
Saleh told {Al-Furat News} that "Iraqi diplomacy is one of the most successful in protecting the country's supreme interests, according to the government program's adoptions and national constants, whether with the United States or others." He added, "There is a high degree of consistency in managing the country's financial affairs in a stable manner within the framework of the general economic policy, which is a positive thing that is always indicated by the ability and flexibility to confront economic challenges with high rationality during the past years."
Saleh pointed out that "the country enjoys good financial flows from oil revenues and others, supported by efficient foreign reserves and promising economic activity in the real sector and partnership with the private sector witnessed by the country, especially in the sectors of renewable energy construction, fossil oil, electricity, gas, infrastructure, reconstruction and housing in an unprecedented manner.
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Despite the statements of government officials reassuring the financial situation in Iraq, there are some concerns that are raised from time to time due to fluctuations in oil prices.
The Iraqi economy depends heavily on oil exports, which makes it vulnerable to fluctuations in global oil prices. Any drop in oil prices could significantly impact government revenues and lead to a budget deficit. While there are some financial concerns, the economic situation in Iraq appears stable at the moment, thanks to good oil revenues and foreign reserves at the Central Bank of Iraq. link
This is a Iraqi Dinar vendor who appears to be privy to the fact
that recent developments in Iraq are leading them to presume that the newsl exchange rate could come out at any moment.
So they are preparing to ship out orders or readjust pricing if it happens while in route. Interesting.
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Dinar Exchange Australia
@dinarexchange
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All current orders are being shipped out this weekend please expect emails early next week thanks in case there is high alert with RV we will hold the orders to be collected or delivered in person only
The President of the Republic, Abdul Latif Jamal Rashid, affirmed today, Monday, Iraq's keenness to develop relations with Kuwait.
The media office of the President of the Republic stated, in a statement received by the Iraqi News Agency (INA), that "the President of the Republic, Abdul Latif Jamal Rashid, received in Baghdad, the Ambassador of the State of Kuwait to Iraq, Hassan Muhammad Al-Zaman, and during the meeting, ways to enhance bilateral relations between the two brotherly countries were discussed."
The President of the Republic affirmed "Iraq's keenness to develop these relations and expand areas of economic cooperation," referring to "the investment opportunities available in Iraq."
He pointed out "the need to exert more international efforts to enhance security and stability at the regional and international levels."
In turn, the Ambassador confirmed "the depth of historical relations between the two countries," noting "the State of Kuwait's endeavor to expand areas of bilateral cooperation in various fields."
