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Found 1 result

  1. Here's some articles of Dinarian interests... GOI explains reason why the Budget delays. Baghdad-Washington Dialogue: US Withdrawal. The CBI Reveals The Reason For Depositing Iraqi Oil Money In America. Treat as rumors. Not verified. Your opine. TNT via CandyKisses: Parliamentary Finance: The Budget Tables Are Still With The Government & 20 Days To Approve Them In Parliament. ARTICLE: A member of the Parliamentary finance committee, Jamal Kojar, expected that the schedules will take 20 days in parliament after they arrive from the government for approval. In a press statement, Koger stated that "the 2024 budget tables have not reached the House of Representatives so far because they are still on the cabinet table." He added that "a tripartite Budget has been approved & we have given the authority to the government to spend the 2023 budget, while the 2024 & 2025 budgets must be reviewed by parliament because some projects ended last year, so they must be removed from the 2024 & 2025 Budgets," stressing that "the schedules are not fixed because oil prices & financial resources fluctuate & the number of employees & retirees is increasing." Koger added that "any law must go through three stages until it is approved, the 1st stage begins in the concerned committee, the 2nd is public discussions in the council & the 3rd is voting," noting that "there is no approval or amendment to any law before it passes through the three stages." Koger concluded by saying that "the general budget law takes (20-40) days," predicting that "schedules will take shorter." A few days ago, the Council of Ministers received the Budget tables from the Ministry of Finance & work began on them to sign them & send them later to the House of Representatives. Tishwash: Baghdad-Washington Dialogue: Will The US Withdrawal File From Iraq Be Resolved? ARTICLE: A new round of dialogue is being held between Baghdad & Washington, the fourth since last February, to discuss the issue of the American withdrawal from Iraq & ending the role of the international coalition to fight ISIS. This tour comes ahead of the visit of Iraqi PM Muhammad Shia al-Sudani to the White House. Challenges: This round of dialogue faces many challenges, the most important of which are: The lack of a clear consensus on the feasibility of withdrawal: Iraqi views on withdrawal differ, between those who see the necessity of the withdrawal of all American forces & those who see the importance of some of them remaining to support the Iraqi forces in the fight against terrorism. The position of the American administration: The American administration did not announce a clear position on withdrawal, while the statements of its officials indicate their desire to redraw the coalition’s tasks or for the forces to remain for additional years. Pressure from armed factions: Some Iraqi armed factions continue their attacks against American forces, demanding their complete withdrawal from the country. Discussions: The discussions between Baghdad and Washington address many points, the most important of which are: Evaluating the international coalition’s mission: The 4th round evaluates the need for the international coalition’s presence in Iraq. Setting a timetable for withdrawal: Baghdad is demanding that a clear timetable be set for US withdrawal. Determining the nature of American support for Iraq: The tour discusses the nature of the support that the international coalition will provide to Iraq after its withdrawal. The issue of the withdrawal of US forces from Iraq remains complex & requires further dialogue & negotiation between Baghdad & Washington. CandyKisses: The CBI Reveals The Reason For Depositing Iraqi Oil Money In America. ARTICLE: The CBI revealed the legal basis for depositing oil revenues in the US Federal Reserve. According to documents issued by the CBI, "the legal basis for depositing oil revenues at the Federal Reserve Bank of New York in the IRAQ2 alternative account to the DFI account is the expiration of the extension of the US President's Executive Order No. 13303 issued in March 2003, which granted immunity over Iraqi funds deposited in the then DFI Iraq Development Account & the end of the United Nations protection over Iraq's funds that were granted to it under the UN Security Council Resolution No. 1483 of 2003 after the issuance of UN Resolution 1956 at the end of 2010." The documents added, "Accordingly, the IRAQ2 account was opened, which is used to deposit the funds of Iraqi crude oil exports & is transferred to the account of the CBI with the Federal Reserve Bank within a period of 24 hours from the receipt of these amounts to ensure that they are not exposed to the claims of creditors as they are funds belonging to the Iraqi government derived from the export of crude oil & this mechanism has been organized through a (memorandum of understanding) signed between the Iraqi Ministry of Finance & the CBI on 2/6/2014 for the purpose of organizing the work of the alternative IRAQ2 account. for the account of the Development Fund for Iraq & that this memorandum is the legal basis for the establishment of the said account." "The immunity granted under these two documents covers sovereign funds only & does not include funds used for commercial purposes." The documents explained, "With regard to the answer to the 3rd paragraph, foreign reserves may be deposited with several external parties, central banks & financial institutions & not only based in the Federal Reserve Bank & that interest rates vary according to the investment segment, the duration of the investment & the institution with which the investment is made, in addition to that the carrier company is Orient Company, which is contracted with this bank to transport Dollar shipments from the Federal Reserve Bank to Baghdad International Airport & with a security amount of (414,000) US Dollars (four hundred and fourteen thousand Dollars). US per shipment & transportation fees of (216,310) US Dollars (two hundred and sixteen thousand three hundred & ten US Dollars) Department of Parliamentary Affairs, Parliamentary Oversight Section. She added that "it is not possible to transfer the revenues of the sale of oil to the interior because of the impossibility of carrying out financial operations for Iraq if the money is at home & closing our account with the Federal Reserve Bank can expose Iraq to the risk of international claims, in addition to the inability to settle our payments in US Dollars without an account in the Federal Reserve Bank or another US commercial bank."
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