The first comment from the Iraqi Central Bank on the ‘New York Times’ investigation

The first comment from the Iraqi Central Bank on the ‘New York Times’ investigation

أول تعليق من البنك المركزي العراقي على تحقيق ’نيويورك تايمز’ المثيرBaghdad – A new press report, Wednesday, shed light on the corruption suspicions surrounding the work of the currency sale window in the Central Bank of Iraq, which it considered “a major corruption gateway.”

The report published by the Independent Arabia website, followed by People (12 August 2020), stated that “the basic idea of ​​the currency auction is focused on“ selling the dollar to private banks and money transfer companies to manage the import of goods ”and its daily sales of dollars reach 180 A million dollars, but several suspicions affect influential political figures standing behind these banks to run corruption operations. ”

In the report, the Director General of the Accounting Department at the Central Bank of Iraq, Ihssan Shamran, comments on the accusations leveled against the bank indicating its connection with “suspicious operations or managing transfers outside the general framework of its laws,” and included in the “New York Times” investigation entitled “The rule of thieves in Iraq.” .

The following is the text of the report:

Since the compass of the Iraqi Prime Minister Mustafa Al-Kazemi’s movement began to become clear, his focus on economic issues has become clear, as he sets his sights on four main files: controlling border crossings, fighting corruption, dismantling the influence of armed factions on financial outlets, and strengthening local industry.

But the road to these files necessarily passes through the gate of the Central Bank, specifically, the so-called currency auction, so Al-Kazemi will need the help of the governor of the “central” Ali Alaq.

Informed sources say that the two men (Al-Kazemi and Al-Alaq) enjoy a “distinguished” relationship, which may facilitate the settlement of these issues.

However, signs of progress in this file have not been clear so far, with members of the Finance Committee in the Iraqi parliament speaking about the Central Bank’s “exploitation” of its powers as an “independent body” in not dealing with the problems that the legislative and executive authority are raising.

The basic idea of ​​the currency auction revolves around “selling dollars to private banks and money transfer companies to manage the import of goods.” Its daily sales of dollars reach 180 million dollars. However, several suspicions affect influential political figures standing behind those banks to manage corruption operations.

And the Treasury Department has included Iraqi banks – dealing with the auction – in the sanctions list on more than one occasion.

With economists describing the currency auction as a “dollar depletion front and an opportunity for some banks owned by influential parties to achieve large profits,” most of the estimates talk about more than 500 billion dinars sold by the Central Bank in its continuous daily operations since 2003.

Washington and adjust the currency auction

The issue of the currency auction remains a matter of questions and suspicions, especially with frequent talks about Washington’s ability to control the financial movements of the entire Central Bank of Iraq, as all major Iraqi transfers pass through the US Federal Reserve.

Close to Iran accuses the governor of the Central Bank of being an ally of the United States, given the quick response that he shows whenever decisions or sanctions are issued by the US Treasury, especially those that have targeted armed faction leaders linked to Iran.

People close to Al-Alaq reject these “allegations”, and stress that one of the central bank’s most complicated tasks is to maintain the flow of dollars into the local market and prevent problems that may cause sanctions against Iraq in the event of failure to respond.

But the issue does not appear to be limited to managing the dispute between Washington and Tehran. Many observers accuse the central bank of running a “corruption balancing act” between the United States and Iran’s allies in Iraq. What was reported by “The New York Times” in its last report, about the possibility of “American complicity” in facilitating the work of the Central Bank, was not a conversation that was heard for the first time in Iraq.

The United States is facing charges of overlooking the flow of money to Iran through Iraq. The American newspaper report says that “the US Treasury Department often turns a blind eye to money laundering operations taking place in Iraq,” while the report explicitly accuses central bank officials of colluding with companies that provide cover for the participation of terrorists in the auction.

“Washington eases pressure on Iran via Baghdad.”

Abdul Rahman Al-Mashhadani, a professor of political economy at the Iraqi University, said, “All financial operations of Iraq are monitored by the United States, but there is a clear overlook of them.”

It reveals “the entry of non-Iraqi banks into the currency outlet, including Lebanese and Iranian banks, which receive daily quotas estimated at 5-8 million dollars.”

He points out that “Iraq’s commercial dealings with Iran do not take place through the banking system due to the penalties imposed on it, and most transactions are done through direct payment,” indicating that “several evidences for this, including very inflated numbers regarding the import of roses, tomatoes and watermelons at inflated prices.” Exceeds Iraq’s need. ”

15 percent money laundering rate at auction

On the money laundering operations that mar the currency auction sales in the Central Bank, Al-Mashhadani estimated that the money laundering proceeds from the daily sales of the Central Bank would be about 15 percent, indicating that “the talk about currency auction being a gateway to corruption and money laundering abroad has been taking place since 2010.” .

He added, “There are influential political parties standing behind the banks that own shares of the auction, which have also become outlets for merchants’ transfers, and a percentage of them are tainted by money laundering operations.”

He points out that “despite the central bank throwing the responsibility for these suspicious operations on other parties, but it cannot get out of the liability framework,” indicating that “he must check after raising suspicions for years that the auction has become an open space for corruption and any bank is supposed to be excluded.” Suspicions are answered. ”

He continues, “Numerous evidence of banks submitting invoices in the names of fake companies and these files are supposed to be referred to integrity, and this raises questions about the central failure to take strict measures.”

An outlet for money laundering and financing armed groups

The European Commission had included Iraq, along with other countries, in the list of countries that pose financial risks to the Union because of the failure to combat money laundering and terrorist financing.

The sensitivity of the currency auction file is based on being the only outlet for the removal of hard currency from the country, as it is considered an anchor for economic security, but the accusations against this outlet went beyond money laundering for reasons of profit, until it became a front for other suspicious operations that reach the limits of financing armed groups.

“The currency auction has become a front for the depletion of the dollar from Iraq and the opportunity to make profits from corrupt money in favor of influential political parties that have influence over local banks,” says the expert on economics, Salam Sumaisem.

She adds, “Currency window controls do not have the necessary degrees of transparency to monitor the country’s actual need for import, and this raises major questions about the credibility of opening credits related to imports through the Ministry of Trade, and why the regulatory authorities do not track those processes”, adding, “We do not know exactly what it is. The role of the money laundering department in the central bank in following up on these cases.

Sumaisem points out that one of the causes of the problem is that “banking leaders within the central bank and other considerations cannot be excluded.”

The central denies the charges

The Director General of the Accounting Department at the Central Bank of Iraq, Ihssan Shamran, denied that the bank has a link in any suspicious operations or managing transfers outside the general framework of its laws, indicating that “according to the Central Bank Law, the sale of dollars is done through what is called a simple sale without imposing any complications. As long as the dinar is intact, “as he put it.

He added to “The Independent Arabia”: “Commercial banks submit a request to buy dollars for their customers according to documents and import licenses submitted later, and based on the bank’s controls to verify the integrity of the funds with no suspicions of money laundering or terrorist financing, the Central Bank receives the dinar from the bank and deposits the amount in dollars. In his favor with the exporter’s private bank, adding that after a period the commercial bank submits a report to the bank on the import process.

And while he indicated that “suspicions related to non-entry of goods in exchange for money sold by the central bank are related to other departments,” he pointed out that “the investigation function belongs to important institutions including the customs authority, the Ministry of Trade that gives import licenses, and the General Tax Authority that has a tax office in the customs.”

He pointed out that “the most important manipulation takes place at the border outlets, where some employees force the customer to reduce the recorded imported quantities,” noting that this process leads to “the corrupt obtaining four times what the state gets through customs duties,” expressing his hope That “the Ports Authority shall monitor and control the violations and the processes of changing the identity of imported goods.”

Responsibility of “sectoral entities”

Official and press reports circulated huge numbers regarding Iraq’s import of goods that exceed the limits of its need, while official documents show that some of these imported materials have doubled up to a thousand times over what Iraq had imported in previous years, including the import of tomatoes from Iran in 2017, worth 1.66 billion dollars.

In the context, Shamran points out that “the bank is not specialized in assessing Iraq’s need for the materials to be imported, which is the responsibility of the sectoral authorities and according to which the bank deals”, indicating that “the authority that issues import licenses is the one that determines the country’s need for the commodity to be imported, and the Central Bank has no responsibility for Determining the country’s needs to link this with its sales, “explaining that” Iraq suffers from the absence of a national information system. ”

He pointed out that Iraq used to link most of the imports with the subject of “estimating the need for imports,” and in light of which an import license is issued from the Ministry of Trade, and based on the license, the Central transfers funds, but they stopped after 2003. ”

And Shamran added, “Transfer operations in the central bank are very strict and under the supervision of the US Federal Reserve Bank, which has strict rules in tracking money, as well as the Anti-Money Laundering Office. We have imposed on banks to activate reporting units for money laundering and terrorist financing operations,” adding “stories Corruption can be believed if the central bank carries money on its side and gives it to merchants directly and not through this complex network. ”

On the importance of the window for selling the dollar, Shamran said that it “funds the needs of Iraq from the importer as well as financing the needs of the Ministry of Finance of Iraqi cash.”

He concluded that “the accusations received against the bank by deputies and officials affect confidence in state institutions and waste their reputation, and this harms Iraq and removes foreign investment opportunities.”

Authority without authority

As for the representative of the Finance Committee in the Iraqi Parliament, Ahmed Hama Rashid, he says that “the majority of the committee members agree that the currency auction is a great suspicion of corruption.”

He continues, “The prime minister’s pledges to control outlets, dismantle the power of some financial factions, activate industry and fight corruption, are directly related to the issue of currency auction,” noting that “it has become a public opinion issue and one of the factors that shatter the economy.”

He points out that “there is a blackout on this issue, and the central bank’s response to questions about the currency auction does not go beyond the data limits, and the legislative authority is not efficient in this area.”

He concludes that “there are no tools available to solve the auction problem except through the cooperation of the Central Bank, and Parliament or the Council of Ministers cannot solve it due to the independence of the monetary authority.”

Currency auction and Chalabi “killed”

The opening of suspicions about the currency auction dates back to previous years, when the late head of the Iraqi Parliament’s Finance Committee, Ahmed Chalabi, presented files related to corruption in the currency auction in 2015, and as a result, the Supreme Judicial Council formed a judicial investigative body, and a statement by the Council said on November 10 (November). The second) of the same year, he decided to form a judicial investigative body to look into the documents submitted by Chalabi, explaining that “the documents are related to money laundering and foreign currency smuggling cases bought from the Iraqi Central Bank auction.”

The statement stated that “the investigative body is made up of the judges of the Integrity and Economic Crime Investigation Court, and that the public prosecution will appear before the investigative body to express its requests and follow-up, and this decision will be implemented as of 11/10/2015.”

The Iraqi Integrity Commission issued a statement on December 11, 2019, talking about the details of the penal cases related to the “currency auction” file, where it said that “among these cases are major corruption cases in the work of a private bank and indicators of cases of smuggling foreign currency outside Iraq. By the bank buying foreign currency for the benefit of companies claiming to import goods, “noting that upon investigation and scrutiny, it was found that” these companies have not imported goods into Iraq since 2004. ”

The department explained that “the cases included fraud by some governmental and private banks, entering the auction of selling currency in the names of companies and private account holders without their knowledge, submitting forged import invoices, as well as violating the Central Bank’s instructions when entering the auction in accordance with the provisions of Article 3 of the Money Laundering Law.” No. 93 of 2004. ”

Iraqi politician Laith Shubbar said in a series of tweets on Twitter, “Yesterday, I received from the famous journalist, Robert Worth, author of the article on Iraq under the rule of thieves, the complete file prepared by Ahmed Chalabi about the corruption of the sale of currency in the Central Bank, which ended with his death and the closure of the file permanently.”

He added, “I spent two hours reading it and came to the complete conviction that the first head of corruption is this dangerous suspicious auction.” He explained that “the file of corruption that I received from the currency auction that is held daily by the Central Bank is frightening and dangerous, and because of it, Chalabi was assassinated.”

He pointed out that “there is no doubt that the file has existed for years in the Integrity Commission, and the names mentioned in this file are still arriving and wandering. Some of them even founded a party and became a deputy after spending millions, but the heads happened and there is no problem.”

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We buy Dinar!!

BGG ~ We buy Dinar. If you would like to sell Dinar – please call me directly, leave me a voicemail, send a text (615-509-6256), send an e-mail or Facebook message me for a current quote.

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Washington: Al-Kazemi Gives A Ray Of Hope For Sovereignty And The Removal Of Foreign Influence In Iraq

Washington: Al-Kazemi Gives A Ray Of Hope For Sovereignty And The Removal Of Foreign Influence In Iraq

واشنطن : الكاظمي يعطي بصيص أمل للسيادة وإزالة للنفوذ الاجنبي بالعراق | | وكالة الصحافة المستقلةThe (Independent) … The Washington Institute said in its latest report today, Tuesday, that Iraqi Prime Minister Mustafa Al-Kazemi gives a ray of hope for the future of the country’s sovereignty, and that his program gives priority to removing foreign influence.

Mayan Carlin, a political security analyst at the Washington Institute, said in the report that (The Independent) followed, the situation was worse, as Iran’s policy and its interference in Iraq’s affairs caused angry demonstrations to erupt in various parts of the country in late 2019, and pro-Iranian factions responded to these. The protests were violent, resulting in the killing of more than 800 protesters and the injury of many more, according to the report of the Washington Institute analyst.

“The killings, orchestrated by Tehran and its proxies, have led to an increase in anti-Iranian sentiment in the country,” Karlin noted.

She added, “The new Iraqi prime minister, Mustafa Al-Kazimi, gives a ray of hope for the future of the country’s sovereignty, and that his program gives priority to removing foreign influence, including unwanted Iranian interference from the Baghdad government,” adding that “Tehran is resisting these efforts and continues to use its local proxies to implement its goals.” “.

She indicated that the “Hezbollah Brigades”, backed by Iran, prevented Iraq from obtaining the financial support it needed to get out of its economic crisis.

And Carlin continued, if “the prime minister fails to stop the hand of these militias, the United States cannot consider Baghdad a true ally, and it is likely to cut off all funding from the country’s ministries of defense and interior,” asserting that “if the United States cuts off financial support, it may be the economy of Iraq. The weak is already a mess. ”

Carlin emphasized that the Lebanese and Iraqi people are paying the price for Iran’s unwanted influence, and that it is necessary for Beirut and Baghdad to distance itself from the Iranian regime. (End)

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Parliament Presidency of the Governments of Baghdad and Kurdistan: Return to the dialogue table

Parliament Presidency of the Governments of Baghdad and Kurdistan: Return to the dialogue table

رئاسة البرلمان لحكومتي بغداد وكردستان: عودوا الى طاولة الحوارBaghdad / Al-Akhbariya – The Deputy Speaker of the Iraqi Parliament, Bashir Khalil Al-Haddad, called on the federal government and the Kurdistan Regional Government to return to the dialogue table and resume discussions to resolve the outstanding issues between the two parties in accordance with the constitution.

Al-Haddad said in a statement that, “In light of the two statements issued by the Kurdistan Regional Government of Iraq and the Federal Ministry of Finance recently regarding the region’s relationship with the federal government and the constitutional obligations of the two parties, we call on the federal government and the Kurdistan Regional Government of Iraq to expedite the return to the dialogue table and resume and complete the talks and agree in accordance with the constitutional and legal mechanisms. To solve all outstanding issues and files between the two parties. ”

He pointed out that “the citizen in the region is affected by the results of the delay in the talks and the failure to reach an agreement.”

He explained that “the federal government is obligated to secure financial dues and to secure the salaries of the region’s employees and retirees, similar to the rest of the Iraqi provinces, and in return, the region must fulfill its constitutional obligations and reach common solutions to enhance cooperation between Baghdad and Erbil.”

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Kurdistan: the two main parties put an end to the “war of declarations” and agree to unify the stance toward Baghdad

Kurdistan: the two main parties put an end to the “war of declarations” and agree to unify the stance toward Baghdad

Image may contain: 3 people, people standing and outdoorBaghdad today – After months of tension and differences between the two main Kurdish parties, a member of the Patriotic Union of Kurdistan, Salih Buqi, revealed new understandings that were concluded with the Kurdistan Democratic Party to deal with the current stage.

Faki said to (Baghdad Today), “The Kurdistan Democratic Party and the Patriotic Union of Kurdistan (PUK) arrived during the meeting held yesterday, Tuesday, in the Dokan resort in Sulaymaniyah, which led to an agreement that included several points.”

Among those points, Faki said, “the two parties agreed to keep the media of the two parties away from spreading tension and stirring up sensitivities between the various parties, and the implementation of the previous administrative agreement between the two parties regarding the partnership in managing the region within the government and parliament was reached.”

He added, “The agreement also included support for the Kurdistan Regional Government, in the face of the Corona crisis and the economic crisis that Kurdistan is going through. It was also agreed to end the tension and the unity of the situation towards Baghdad during the next stage.”

The Kurdish politician added, “Among the other agreements is the unity of the Kurdish position towards the oil agreement, and the position on the election law and the implementation of Article 140 and others.”

Since last April, tension has been prevailing between the two parties, as a result of the Peshmerga’s attempt to enter an area under the control of the “Asayish” forces in the region, in contrast to a security agreement between the two sides, which stipulates that the Peshmerga forces would protect the borders of the region and spread to the governorates of Erbil and Dohuk, while the Asayish would protect the governorate. Sulaymaniyah.

The regional government is made up of several parties, the most prominent of which are the “Kurdistan Democratic Party” (the government heads and has 45 seats in parliament) and the National Union (the parliament presides and has 21 seats).

It is possible that the disagreement between the two main partners in the regional government will impede the work of Parliament and cancel the political agreement between them, especially if the parties allied to the Patriotic Union also suspend their presence in the legislative institution, according to observers of political affairs in Kurdistan.

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Central Bank issues decision on final accounts of electronic payment companies

Central Bank issues decision on final accounts of electronic payment companies

Shafq News / The Central Bank of Iraq decided on Wednesday to extend the delivery of the final accounts of electronic payment companies.

“It has been decided to extend the time period to provide us with the closing accounts for a maximum of 31 August 2020,” the bank said in a statement to Twilight News.

“The extension of the period comes in view of the circumstances in which the country is going through, with the outbreak of the Coronavirus and the difficulty of communicating with the auditor,” he said.

The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004, as an independent body, responsible for maintaining price stability and implementing monetary policy, overseeing 10 commercial banks, 26 community banks and 16 Islamic banks, as well as 19 foreign banks, as well as 6 financial institutions and 31 financial transfer companies.

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Al-Kaabi calls for the involvement of academics in the design of the country’s legislative policy

Al-Kaabi calls for the involvement of academics in the design of the country’s legislative policy

الكعبي يدعو الى إشراك الأكاديميين في رسم السياسة التشريعية للبلادBaghdad / Al-Sabah – First Deputy Speaker of the House of Representatives Hassan Kareem al-Kaabi, called to involve scientific competencies, academics, research centers and specialized studies sober and unions in drawing a strategy for the country’s legislative policy, pointing out that the participation of people’s minds is important to benefit from their ideas in the development of work and come up with practical and realistic results accurate, achieving the goal of having effective and efficient legislative policies.

In Iraq. According to a statement of his office, received by «Morning», that «Al-Kaabi chaired a meeting of the council of advisors of the House of Representatives to develop a strategy for legislative policy in Iraq, in the presence of the Deputy Secretary-General and director of the parliamentary department and director of the department of research and studies in the Council, and the advisory group in the office of the first deputy. During the meeting, the meeting discussed the definition of vision and objectives, the philosophy of the constitution, the position of the government program and the legislation in force, the resolutions of the House of Representatives, and the need for legislative intervention.”

“This project is a glimmer of hope for the development of the state’s policy on the legislative side,” al-Kaabi said, adding that “legislation will have a clear impact on the performance and style of all institutions to make their work a success.” The first deputy stressed that “the House of Representatives should be a key partner in the design of the state’s policy, and that these efforts may be the first step to develop a clear map that will facilitate the work of the upcoming parliamentary sessions,” stressing that “this strategy will not be a political or electoral achievement as much as a solid professional achievement.”

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Saleh welcomes the date of early elections and supports the dissolution of Parliament

Saleh welcomes the date of early elections and supports the dissolution of the Parliament

Saleh welcomes the date of early elections and supports the dissolution of the {expanded} parliament

(Baghdad: Al Furat News) President of the Republic Barham Saleh welcomed the announcement of Prime Minister Mustafa Al-Kazemi in his proposal for the date of early elections on June 6, 2021.

In a presidential statement, Saleh said, “The call for early, free and fair elections is one of the requirements of the desired political reform, and it is a national entitlement produced by the popular movement, as it was discussed in the last meeting of the three presidencies that we gathered with The Prime Minister and the Speaker of Parliament, and stressing the need to commit to holding early, free and fair elections.

He added, “In this regard, we welcome the announcement of the Prime Minister in his proposal for the date of early elections, which came in compliance with the pledges made by the government program.”

Saleh stressed “the importance of serious work to achieve this governmental commitment as quickly as possible, the political crisis in Iraq cannot bear procrastination, and the conditions of suffering that our people are going through require a courageous national decision stemming from the people’s entitlement and the right to choose an independent and coherent national government through free and fair elections.” .

And he stated, “Effective solutions stem from the citizen and his independent decision, away from fraud and fraud, and influencing his electoral choice, in order to enable the country to move towards the desired structural reform.”

The President of the Republic called on the “House of Representatives to complete the election law as soon as possible, and send it to the Presidency of the Republic for approval and implementation.”

He also called for “expediting the approval of the amendment of the law of the Federal Supreme Court, and we stress the provision of the budget and facilities required for the work of the Independent High Electoral Commission to ensure its independence and preserve the integrity of the electoral process, especially since the government has initiated the required consultations with the commission, and has announced that in the event of the provision of supplies What is required is that the Commission can then hold the elections within the period proposed by the Prime Minister.

Saleh said that “if the government presents a proposal to dissolve Parliament, we intend to agree to submit it to the House of Representatives, for the purpose of submitting it to a vote, and with the Parliament’s decision, we will formally decide no later than two months after the dissolution of Parliament, and as stipulated by the constitution.”

He stressed, “The holding of free and fair early elections requires international cooperation with the Independent High Electoral Commission, as well as the supervision of international observers to enable them to play their national role, protect them from interference and establish citizen confidence in the electoral process.”

Saleh added, “The national entitlement requires organizing honest elections as early as possible, in order to get our country out of its serious political crisis, and to enable the citizen to freely and independently determine the fate of his country without extortion and forgery.”

He explained that “the essence of the crisis experienced by Iraq stems from the spread of corruption and its direct impact on obstructing the desired reform, which also affected the electoral process in the indicators of fraud and tampering with the results, which led to the absence of citizen confidence and abstention from the elections.”

Ammar Al-Masoudi

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Parliamentary Finance proposes a road map to end “hoarding money”

Parliamentary Finance proposes a road map to end “hoarding money”

Parliamentary Finance proposes a road map to end the file "hoarding money" in homes Ayna News – Baghdad, a member of the Parliamentary Finance Committee, Representative Jamal Cougar, on Sunday presented a road map to end the file of hidden funds in homes.

Cougar said in, “A large percentage of Iraqis intend to hoard money in homes and not deposit it in banks, whether financial or private for multiple reasons, stressing that compactness is a mistake and has significant economic damage.”

He added that “pushing the government to adopt electronic payment through a smart card for all the salaries of its employees and to make dealing with it as a unified framework through the disbursement of loans and depositing receipts for the money to the departments will pay the citizens to transfer their money to the electronic trading file in paying its expenses, whether for government departments or the private sector.”

He pointed out that “the file of the hoarding of funds will end up due to the road map that he put forward, which is the most influential and approved in almost all countries of the world, especially the developed economies, pointing to the proposal to raise the interest rate has an impact, but our society is Islamic at 90% and does not interact with interest profits.”

Iraq suffers from a large proportion of the money siphoned in homes despite the presence of dozens of government and private banks due to lack of confidence in them.

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Soon .. A Kurdish delegation visits Baghdad to sign the comprehensive agreement and deliver oil and ports

Soon .. A Kurdish delegation visits Baghdad to sign the comprehensive agreement and deliver oil and ports

Baghdad today – A government source revealed a forthcoming visit by a Kurdish delegation to Baghdad, to discuss the delivery of oil and border ports in the Kurdistan region, through American and European mediation.

The source said, in an interview with (Baghdad Today), that “the delegation of the Kurdistan Regional Government is scheduled to visit Baghdad after the Eid al-Adha holiday in order to sign the comprehensive agreement.”

He added, “Baghdad and Erbil have ended all outstanding problems with regard to oil and border crossings, and there is an agreement to deliver 250 thousand barrels of oil and 50% of the revenue from border crossings.”

The source, who preferred not to be named, said that “until now, no agreement has been reached on the amount sent from Baghdad to Kurdistan, and there are negotiations to increase the additional 50 billion to be sufficient to pay the salaries of employees and the Peshmerga.”

And that “there was American mediation and the European Union mission to solve the problems and it is likely that a comprehensive agreement will be signed during the upcoming visit of the delegation of the region.”

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