Basra: Baghdad deprived us of 3 trillion dinars due to the failure to establish the Generations Fund
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Basra: Baghdad deprived us of 3 trillion dinars due to the failure to establish the Generations Fund
by RamblerNash Mon Nov 08, 2021 10:20 pm
An oil field in Basra. "Reuters"
08/11/2021
Economy News - Baghdad
The local government in Basra revealed, on Monday, that the province was deprived of sums of money amounting to more than 3 trillion dinars, due to the Ministry of Oil .
The first deputy governor, Muhammad Taher Al-Tamimi, said in a press interview, "The governorate has 2.5 trillion owed by the central government since the beginning of this year until last August, as a difference in the selling price of a barrel of oil calculated at forty-five dollars and sold at five and eight dollars ."
He added, "The House of Representatives voted to exchange the difference in the price of a barrel of oil and put it in a fund called the Generations Fund for the governorate. The money it contains is disbursed at any time the governorate needs," noting that "the Ministry of Oil challenged this decision and refused to establish this fund, which deprived the governorate of more than 3 trillions by the end of this year .
https://economy-news.net/content.php?id=26735
RamblerNash- GURU HUNTER
- Posts : 24021
Join date : 2015-02-19 
Similar topics» Basra: 20 trillion dinars we ask Baghdad of the petrodollar project
» Basra sues the government for 3 trillion dinars
» Finance reveal the launch of trillion and one hundred and thirty-four billion for the province of Basra
» Half a trillion dinars to improve the service reality in Basra
» Finance announces granting more than half a trillion dinars to Basra
» Basra sues the government for 3 trillion dinars
» Finance reveal the launch of trillion and one hundred and thirty-four billion for the province of Basra
» Half a trillion dinars to improve the service reality in Basra
» Finance announces granting more than half a trillion dinars to Basra
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Cabinet Approves Loan Agreement for Water Supply and Sanitation Project in Baghdad
» Wiley Morgan of Gen64 on Skype Chat Friday Night ~ Updated 6/10
» Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency
» Al-Rasheed Bank announces the removal of its name from the list of international sanctions of the Charter of the United Nations
» The United States allocated 140$ million to support Iraq
» USD/IQD exchange rates climb in Baghdad
» NOPEC Law
» Turkish lira weakens to 15.16 against dollar
» Here's my guess
» Tony and Twitter
» Hamza Al-Jawahiri to / NINA /: The survival of quotas and consensus will not achieve any sustainable development for the national economy / expanded
» The appearance of Muhammad Salih to / Nina /: This is how the surplus oil revenues are disposed of
» USD closes slightly higher in Baghdad on Sunday
» The Central Bank of Iraq 75 years in the face of economic challenges
» (Budget Reserve) may see the light next Wednesday
» Al-Kazemi's advisor puts forward a proposal to double growth rates
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» “Dedicated to Service” on Instagram
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» 95% of Iraqi revenues still come from oil
» CBI foreign currency sales hike in April
» Where does the excess oil price differentials go?
» Introducing myself...
» Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros
» Iraq's oil generates more than 10 billion dollars in one month
» USD/IQD exchange rates inched up in Baghdad
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Exchange rate game in Iraq: how speculators grossed millions of dollars in 48 hours scheme
» Holly: "Remember we are not in the know of all that goes on behind the scenes" (More Guessing Games...Just What Everybody Needs! LOL) 7/13/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Technical Adviser to the Prime Minister: The positive effects of changing the exchange rate will be felt more after 3 years
» An economist stresses the need to invest surplus money from oil revenues in profitable projects
» CBI sells +212$ million in the forex auction on Monday
» USD/IQD exchange rates drop in Baghdad
» Outdated laws are a major economic challenge for the next government, Allawi says
» (Initial agreement) to reduce the amount of the emergency support law to 23 trillion dinars
» Planning announces a rise in the monthly and annual inflation rate in Iraq
» Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad
» Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt