Friday, March 14, 2025
Kurdistan Region Confirms Oil Sales Through SOMO: We Will Give Our Money To Baghdad, 14 march
Kurdistan Region Confirms Oil Sales Through SOMO: We Will Give Our Money To Baghdad
Iraqi oil refinery energy Economy News – Baghdad The Kurdistan Regional Government (KRG) on Wednesday affirmed the region's firm position to implement an amendment to the budget law, allowing the region's oil to be exported and sold through SOMO, with the proceeds returned to the federal Ministry of Finance.
A statement issued by the Kurdistan Regional Government's Council of Ministers, seen by Al-Eqtisad News, said, "The President of the Council, Masrour Barzani, held a meeting attended by his deputy, Qubad Talabani, during which the Prime Minister instructed the Ministry of Finance and Economy to prepare a schedule for distributing salaries to Kurdistan Region employees for the month of February, after the deposit of 958 billion dinars into the ministry's account for that month.
"
The Council decided to begin distributing salaries starting tomorrow. All ministries and institutions were also tasked with preparing March payrolls as soon as possible and sending them to the Federal Ministry of Finance, with the goal of disbursing them before the Eid al-Fitr holiday.
The statement confirmed that "in the first part of the meeting, Kamal Mohamed Saleh, Acting Minister of Natural Resources, reviewed the latest developments in the joint meetings between the Ministry of Natural Resources and the Federal Ministry of Oil, in the presence of representatives of oil companies."
The minister explained the efforts being made to resume the region's oil exports within the framework of the federal budget law. The Council of Ministers commended the Ministry of Natural Resources' efforts to accelerate the process of resuming oil exports and its joint work with the Iraqi Ministry of Oil to resolve the obstacles related to the process.
The Council also affirmed the "regional government's firm position to implement the amendment to the budget law so that the region's oil is exported and sold through SOMO and its revenues are returned to the federal Ministry of Finance." https://economy-news.net/content.php?id=53348
TIDBIT FROM MNT GOAT, 14 MARCH
Mnt Goat
Article: “DIGITAL CURRENCY IN IRAQ: CRISIS OF CONFIDENCE.. THE BIGGEST OBSTACLE” Article Quote:
"Al-Sudani’s advisor pointed out that “90% of the monetary mass is outside the banking system, so Iraqi society deals with paper money, and it is unreasonable to immediately switch to digital currency overnight, “Al-Sudani's Advisor Denies Any Sanctions On Rafidain Bank And Confirms Continued Gas Supplies From Iran, 14 MARCH
Al-Sudani's Advisor Denies Any Sanctions On Rafidain Bank And Confirms Continued Gas Supplies From Iran
economy |12/03/2025 Mawazine News – Baghdad The Prime Minister's advisor for foreign relations, Farhad Alaa Al-Din, denied the existence of US sanctions on Rafidain Bank.
While noting that the American exception regarding importing gas from Iran continues, he confirmed that some factions have offered to join the Popular Mobilization Forces under conditions. Alaa al-Din said in a televised interview:
“Iraq is a country well-versed in managing foreign affairs and has a legacy in that,” noting that “the philosophy of Prime Minister Mohammed Shia al-Sudani regarding foreign relations is that the Iraqi interest comes first, and from here the country’s foreign policy is adopted.” He added that “the path of the state and government, through the Ministry of Foreign Affairs, works from the starting point of Iraq’s interest first.”
Regarding Iraq’s relationship with the United States, Alaa al-Din indicated that “we had excellent and distinguished relations with the previous American administration,” noting that “the new American administration came with a set of promises to American voters, and part of these promises are related to the foreign policy of the United States, including ending the so-called endless wars.”
He explained that “the American letter that we received does not contain the information circulating in the media,” noting that “US Representative Joe Wilson tweeted more than 200 tweets in 15 months and did not mention Iraq even once.”
He explained that “Joe Wilson attended a meeting with al-Sudani and was not He talked about Iraq before January 13, but after that date, he started tweeting about Iraq on a daily basis,” stressing that “the American authorities denied any connection to what Joe Wilson was talking about regarding Iraq.”
He pointed out that “the US Treasury denied any intention to punish Rafidain Bank, and that American companies are working to restructure Rafidain Bank and there is no intention to punish it,” noting that “the Prime Minister is busy and does not care about Joe Wilson’s tweets.”
He stressed that “Iraq has not been a priority for America since 2011,” stating:
“We are working to change the American view that Iraq is not part of the Iranian file.” Regarding the issue of armed factions, Alaa al-Din indicated that “the issue of factions is an internal discussion, not an external one,” stressing that “the dissolution of the factions is among the points of the supreme authority, Mr. Sistani, and the government program.”
He continued, “Some factions have offered to join the Popular Mobilization Forces with conditions,” warning against restricting the weapons of the factions by force, as this leads to a civil war. He stressed that “the discussion about the fate of the factions occurs every day.
” Regarding the fate of the kidnapped Zionist researcher, Elizabeth Tsurkov explained that "Tsurkov entered legally and is protected from the government's responsibility," noting that "Tsurkov's continued absence will cause future problems for Iraq."
He explained that "according to the government's information, Tsurkov is alive.
" Regarding the cancellation of the US waiver for importing energy from Iran, he indicated that "the cancellation of the waiver targeted the import of electricity, but the gas waiver continues," noting that "Turkey began importing gas from Turkmenistan via Iran after the implementation of US sanctions.
" Regarding the events in Syria, Alaa Al-Din said: "The events on the Syrian coast are not encouraging for Iraq to open up to the head of the Syrian administration, Ahmed Al-Sharaa," stressing that "ISIS obtained supplies and seized weapons in Syria, and Iraq is concerned about them."
He continued, "We have security cooperation channels with Syria."Regarding Iraq's relationship with China, he explained that "25% of Iraqi oil is purchased by China and we have a great interest in it," noting that "Iraq's relationship with China and Russia is commercial, not political.
" Regarding Iraq's relationship with Saudi Arabia, he indicated that "our relations with Saudi Arabia are at their best and there is no concern from Saudi Arabia about the development of Iraq's relationship with Qatar." He stressed that "Iraq is returning today to the Arab fold more than ever before," noting that "Iraq has transformed from an arena of conflict to an arena where countries meet."
He pointed out that "the path of development has transformed Iraq into an area where the interests of the countries of the region meet," stressing that "Iraq played a calming role between Iran and America, especially in Syria."
Regarding the presence of the international coalition in Iraq, he indicated that "nothing has changed with the agreement to end the international coalition in Iraq and we are awaiting the US administration's opinion on its presence," indicating that "the end of the international coalition will make Iraq determine the type of foreign forces it needs."
https://www.mawazin.net/Details.aspx?jimare=260152
Tues. 11 March 2025 Bruce, 14 MARCH
Tues. 11 March 2025 Bruce
- On Sunday 9 March 2025 a valid source reported that Iraq had a new Dinar rate that has been moving up in value ever since.
- Today Tues. 11 March the same source said that they were about to pay out on Wed. 12 March back pay for three months to Iraqis at the new Dinar Rate.
- Bond Holders (Tier 3) started today Tues. 11 March to be paid out and will continue for the next five days.
- Tier4b was to receive notifications for appointments within the next 24-48 hours.
- When the toll free numbers come out Redemption Centers are to be ready for exchanges within the next three hours.
- Other sources reported that exchanges were to start next Friday, Sat. or Sunday.
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