Al-Fateh Alliance welcomes the ‘national achievement’ made by the Iraqi delegation in Washington

The Al-Fateh Alliance, led by Hadi Al-Amiri, welcomed, on Tuesday, the “national achievement” made by the Iraqi delegation during the strategic dialogue round with the United States of America.

The coalition said in a statement received by “Nass” (July 27, 2021), that it “welcomes the national achievement of the Iraqi negotiator by agreeing to the complete exit of combat forces at the end of this year, and considers it a positive and advanced step towards achieving full national sovereignty.”

The coalition statement added, “We hope that the concerned officials in the Iraqi state will follow up the implementation of what was agreed upon in a practical way, and all thanks and appreciation to the Iraqi negotiator for this national achievement.”

On Monday, the leader of the Sadrist movement, Muqtada al-Sadr, called for the cessation of military action by the “resistance” until the completion of the withdrawal of US forces.

Al-Sadr said in a blog post, seen by “Nass” (July 26, 2021), “Thank you to the Iraqi national resistance, as the occupation announces the start of the withdrawal of all its combat forces, let us wait for you to complete the withdrawal. And thanks for the efforts made to crystallize this agreement, especially Brother Al-Kazemi.”

He added, “Knowing that we have stated conditions in the past, and with their realization, the military action of the resistance must be halted at all… and seeking to support the Iraqi security forces, including the army and the police, to restore security and extend it on Iraqi lands and to banish the specter of terrorism, violence, intruders and pretenders of resistance.”

US President Joe Biden had assured the Iraqi Prime Minister, Mustafa Al-Kazemi, that the combat mission of the US forces had ended and the start of a new phase of military cooperation.

Al-Kazemi said, during his meeting with Biden (July 26, 2021), “I am pleased with the continuation of cooperation between Baghdad and Washington,” stressing that “our relations have many health, cultural and other aspects.”

“Partnership with the United States is strategic,” he added.

Biden said, “We will send 500,000 doses of vaccine to Iraq,” noting that “his aspiration is for the Iraqi elections.”

Biden added, “We want to continue to support Iraq in intelligence,” noting that “the American role in Iraq will focus on training assistance and what is related to ISIS.”

The US President stressed that “the US-Iraqi partnership continues, and my administration is committed to it, and we are committed to security cooperation and confronting ISIS with the Iraqi government.”

US President Joe Biden also announced Monday that the United States will end by the end of the year its “combat mission” in Iraq to begin a “new phase” of military cooperation with this country.

Nasnews.com

Iraqi Central: Washington pledged to protect our money deposited abroad

The Central Bank of Iraq said, on Tuesday, that the legal authorities in the United States pledged to continue to protect the Iraqi funds deposited in its banks and the banks of other countries, in conjunction with the near completion of the country’s payment of all debts incurred before 2003.

The Central Bank added, in a statement, according to the agency. Anatolia said, “The American legal authorities assured the bank that all its reserves and funds are fortified, and no party can seize them, and that they will defend its immunity with the rest of the countries.”

In 1991, a UN Compensation Committee was formed, obligating Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations and others, who incurred losses resulting directly from the invasion and occupation of Kuwait.
Meanwhile, Baghdad recently announced that it is determined to repay the debts owed to it before 2003.

Debts owed to Iraq before the 2003 war, to countries such as Kuwait and the Paris Club, in addition to bilateral debts with countries and companies, which have not been paid and their interests have accumulated until today.

Foreign companies had submitted complaints to collect financial compensation estimated at millions of dollars for the disruption of their activities in the country or debts owed to them by the government at the time, according to Iraqi officials, dating back to the period before 2003.

But the Iraqi authorities say that these compensations have no legal basis, and they have not been decided upon. . Iraq has so far paid about $50 billion, according to the United Nations, and the decision requires Iraq to deposit 5 percent of its export earnings from sales of oil, oil and gas products, in a UN fund established under the name of the United Nations Compensation Fund.

And government officials had revealed earlier, that the internal and external debts owed by Iraq amount to about 73 billion dollars, payable, in addition to 40 billion outstanding for eight countries.

And the financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, revealed in previous statements that “Iraq’s internal debt is about 50 billion dollars.”

Last June, the Iraqi Ministry of Justice revealed that it had taken accelerated steps to recover the country’s frozen funds abroad that date back to the era of the late President Saddam Hussein (1979-2003).

Iraq’s funds abroad were frozen after the United Nations imposed stifling economic sanctions on Baghdad, as a result of its invasion of Kuwait in the early 1990s.

Iraq is going through a stifling financial crisis resulting from the drop in global oil prices, since the beginning of the global outbreak of the Corona epidemic, and the spread of corruption, as the Iraqi authorities estimate that 150 billion dollars have been smuggled from corruption deals abroad since 2003, according to what the Iraqi President Barham Salih announced on May 23 / last May.

Alaraby.co.uk

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