Immunity of Central Bank of Iraq funds abroad

The legal authorities in the United States of America confirmed to the Governor of the Central Bank of Iraq that all the reserves and funds of the Central Bank of Iraq are fortified and no party can seize them. They also confirmed that they will defend its immunity with the rest of the countries and these reserves cannot be compromised.

As Iraq will complete during the coming period the full payment of the compensation and benefits accrued from it prior to 2003, this will lead to the lifting of the international immunity for Iraq’s money abroad and it will be subject to implementation by some creditors from other parties and companies.

In this context, those legal authorities confirmed that the funds and reserves of the Central Bank of Iraq are protected under the laws followed in the United States of America, and pledged to defend what is in the central banks and banks in other countries.

Central Bank of Iraq
Media Office
27 July 2021

https://cbi.iq/news/view/1778

AL-RAFIDAIN ANNOUNCES NEW INSTRUCTIONS FOR CITIZENS WISHING TO OPEN SAVINGS ACCOUNTS

Baghdad / National News Center: Al-Rafidain Bank announced new instructions to facilitate procedures for citizens wishing to open savings and current accounts to deposit their money in the bank.

And the bank’s media office stated, in a statement received by the “National News Center”, that “the bank canceled the requirement to see the definition for customers who wish to open current accounts, with the aim of attracting the largest number of customers, with a commitment to applying the principle of knowing your customer and taking due diligence measures.”

The bank renewed, “its emphasis on the obligation to submit one supporting document when opening savings and current accounts.”

He explained, “The unified card dispenses with the rest of the documents, and there is no need to wait for the validity of its issuance, while adopting the civil status identity, passport, housing card, or housing support for those who were not issued a unified card.”

Nnciraq.com

Al-Kazemi’s advisor: There is no change in the dollar exchange rate

Shafaq News/ Mazhar Muhammad Salih, the economic advisor to Prime Minister Mustafa Al-Kazemi, stressed on Monday, not to rely on oil prices because they are unstable, to change the dollar exchange rate against the Iraqi dinar.

Saleh told Shafaq News Agency, “The dollar exchange rate is fixed and there is no change in it, and any increase or decrease in the exchange rate in the market from the specified price is due to the process of demand for the currency.”

He added, “If there is a change in the exchange rate, this is due to the improvement in oil prices in the long run,” stressing that “oil prices are not fixed and may rise or fall during the coming period.”

Shafaq.com

Parliamentary Energy announces the transfer of the oil and gas law to the next session

Baghdad / Al-Mawrid News: Today, Monday, the Parliamentary Oil and Energy Committee determined the extent to which the oil and gas law can be legislated in the current parliamentary session.

Committee member Sattar al-Jabri said, in a press statement, that “the oil and gas law is one of the strategic laws and it is difficult to resolve it in the current parliamentary session,” stressing that “it will be transferred to the next parliamentary session.”

Al-Jabri called for “making the law among the priorities of the next council, as it achieves social justice by distributing wealth to the people of the same country without discrimination of components or regions.”

The Oil and Gas Law establishes a system for managing oil operations in Iraq, taking into consideration the existing international agreements between the Republic of Iraq and other countries regarding the transportation of crude oil.

It also aims to define the basis for cooperation between the concerned ministries in the federal government, as well as to establish a base for coordination and consultation between the federal authorities and the authorities of the oil-producing regions and governorates.

Almawrid.news

We are working to disburse the salaries of retirees before Eid al-Adha…

The Ministry of Labor and Social Affairs issued a clarification regarding the delay in releasing the salaries of insured retirees .

A statement by the ministry stated, “The Ministry of Labor and Social Affairs / Department of Retirement and Social Security for Workers has completed all the procedures for disbursing pension salaries for the months of July and August, and the lists of salaries and checks were sent to the General Administration of Rafidain Bank on Sunday, 7-11-2021,” noting that “The delay occurred as a result of the clearing that occurred during Wednesday, which coincided with the official holiday .”

He added, “The ministry is waiting for the exchange instruction by the General Administration of Rafidain Bank, and the release of salaries will be announced on the official page, the ministry’s website, the department’s page and various media once they are launched by the bank .”He added, “This meal is supposed to be launched in the month of August, but due to the approaching Eid al-Adha, the department sought to spend it before the scheduled date.”

Aynaliraqnews.com

The Iraqi Prime Minister reveals the number of attempts to assassinate him

Baghdad today – Baghdad: Prime Minister Mustafa Al-Kazemi revealed that he was subjected to assassination attempts.

Al-Kazemi said, in a televised interview, which was followed by (Baghdad Today): “I have been subjected to three assassination attempts and I am not worried or afraid.”

He added: “I was offered the position of prime minister more than once. If I had not accepted the position, we would have witnessed a civil war as a result of the collapse that was taking place.”

Baghdadtoday.news

Oil Minister: Iraq is working to create a stable and balanced global energy economy

Economy News – Baghdad: Oil Minister Ihsan Abdul-Jabbar thanked members of the Organization of the Petroleum Exporting Countries and its allies for maintaining the stability of the oil market.

Abdul-Jabbar said, in a tweet on Twitter, “Thank you to all members of OPEC and its allies for their adherence to the unity of the position towards maintaining the stability of the oil market and the strength of prices.”

He added that “Iraq is working to create a stable and balanced global energy economy”.

Economy-news.net

He has economic and investment files… Baghdad receives a Saudi ministerial delegation

Baghdad today – The capital, Baghdad, receives a Saudi ministerial delegation headed by the Minister of Commerce, Majid Al-Qasabi, to discuss several files, including economic and investment.

And Gulf media quoted an Iraqi government official as saying, “A ministerial delegation from the Kingdom of Saudi Arabia will visit Baghdad on Monday, which will be headed by Minister of Commerce Majid Al-Qasabi.”

He added that “the delegation is visiting Baghdad within the work of the Iraqi-Saudi Committee,” noting that “the delegation will meet a number of Iraqi officials, presidents, ministers and parliament .”

The work of the Iraqi-Saudi Higher Committee was launched on November 8, 2020, in the capital, Baghdad, as part of the two countries’ efforts to enhance investments and economic relations between them.

Baghdadtoday.news

Al-Kazemi discusses with bin Zayed ways to achieve stability in the region

Baghdad / Al-Mawrid News: Prime Minister Mustafa Al-Kazemi discussed, during a phone call with Abu Dhabi Crown Prince Mohammed bin Zayed, ways to achieve stability in the region.

The Prime Minister’s media office said in a statement, “Prime Minister Mustafa Al-Kazemi received a phone call from the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, Sheikh Mohammed bin Zayed Al Nahyan, where they exchanged congratulations on the occasion of the blessed Eid Al-Adha, and their wishes for security and prosperity for the two peoples.” Iraqi and Emirati.

He added, “During the call, they discussed the development of relations between Iraq and the United Arab Emirates, as well as files and issues of common interest.”

Al-Kazemi praised “the bilateral relations between the two countries, and Iraq’s aspiration to develop and strengthen joint cooperation in various fields and levels.”

Bin Zayed expressed his “support for Iraq and the steps of the Al-Kazemi government aimed at reform, and the adoption of a policy of dialogue in order to achieve stability in Iraq and the region in general.”

Almawrid.news

AL-KAZEMI AND AL-SISI CONFIRM THE COORDINATION OF BILATERAL POSITIONS

Baghdad / National News Center المركز – Today, Monday, Prime Minister Mustafa Al-Kadhimi and Egyptian President Abdel Fattah Al-Sisi affirmed the coordination of bilateral stances towards issues of mutual interest.

The media office of the Prime Minister stated, in a statement received by the “National News Center”, that “Al-Kazemi received a phone call from His Excellency the President of the Arab Republic of Egypt, Abdel Fattah Al-Sisi, in which he congratulated him on the occasion of the blessed Eid Al-Adha.”

The statement added, “The two sides wished continued progress and prosperity for the Iraqi and Egyptian peoples, and to move forward on the path of consolidating bilateral cooperation ties, and joint coordination on issues of mutual interest.”

During the call, Al-Kazemi expressed his “looking forward to more bilateral work with the Arab Republic of Egypt, towards everything that enhances the region’s security and stability, and facing the current challenges facing the peoples of the region.”

For his part, President Abdel-Fattah El-Sisi affirmed “Egypt’s determination to strengthen ties of brotherhood, friendship and sustainable development with Iraq, to ​​continue coordinating bilateral positions for the benefit of the two brotherly peoples, and to support the Iraqi government’s efforts to establish peace and security in the region.”

Nnciraq.com