The text of the statement of the agreement on the return of Iran-Saudi relations. and thanks to Iraq

• Time: 2023/03/10 15:27:58
• Reading: 1,755 times

  

{International: Al-Furat News} Iran and Saudi Arabia agreed to return diplomatic relations and exchange ambassadors of the two countries within two months.

The agreement was sponsored by China where the agreement was signed.
The text of the tripartite statement stated: In response to the worthy initiative of the President of the People’s Republic of China Xi Jinping in supporting the expansion of relations between the Islamic Republic of Iran and the Kingdom of Saudi Arabia, based on the principle of good neighborliness and in accordance with the agreement with the presidents of the two countries to host and support dialogue between the Islamic Republic of Iran and Saudi Arabia, as well as the desire of the two countries to resolve differences through dialogue and diplomacy based on brotherly relations.
The statement pointed to “emphasizing the adherence of the two countries to the principles and objectives of the Charter of the United Nations, the Charter of the Organization of Islamic Cooperation and the international principles and procedures of the delegations of the Islamic Republic of Iran headed by Admiral Ali Shamkhani, representative of the Leader of the Islamic Revolution in Iran and Secretary of the Supreme National Security Council and the Kingdom of Saudi Arabia headed by Massad bin Mohammed Al-Aiban, Minister Counselor, Cabinet Member and National Security Advisor, they met and discussed with each other in Beijing from 6 to 10 March 2023.”
The Islamic Republic of Iran and Saudi Arabia expressed their gratitude to the Republic of Iraq and the Sultanate of Oman for hosting the talks between the two sides in the years (2021 to 2022), and thanked the leadership and the People’s Republic of China for hosting and supporting the talks that took place in this country and the efforts made to make them a success.
As a result of negotiations between the two countries, the Islamic Republic of Iran and Saudi Arabia agreed to resume diplomatic relations and reopen embassies and consulates within the next two months. According to the statement
“The foreign ministers of the two countries will meet to implement this decision and make the necessary arrangements for the exchange of ambassadors,” the statement noted.
The two countries stressed, according to the statement, “respect for sovereignty and non-interference in each other’s internal affairs, within the framework of the implementation of the Security Cooperation Agreement signed on 7/4/2001, as well as the General Economic, Trade, Investment and Technical, Scientific, Cultural, Sports and Youth Cooperation signed, and the three countries declare their decisive determination to use all efforts to promote peace and security at the regional and international levels.”

https://alforatnews.iq/news/نص-بيان-اتفاق-عودة-علاقات-ايران-والسعودية-وشكر-للعراق

Iranian official: Our debt to Iraq is $18 billion and America allowed Baghdad to pay 500 million

• Time: 2023/03/10 09:17:38
• Reading: 2,249 times

  

{Economic: Al-Furat News} The Secretary-General of the Iraqi-Iranian Joint Chamber of Commerce said that the United States allowed the payment of $500 million of Iranian funds in Iraqi banks.

In a conversation with Iran’s Tasnim agency, Hamid Hosseini said regarding Iran’s funds frozen in Iraq that Iraq deposits Iranian electricity and gas funds in a bank account under the name of the National Gas Company, but that does not mean that Iran has access to these funds.

He added that Iran’s money is in a bank under US supervision, and only non-sanctioned goods are allowed to be imported, so that last year last March, $1 billion worth of goods were imported into Iran via this route, and Iran’s debt to Turkmenistan were also paying from these dues.

During the recent visit of the Iraqi Foreign Minister, the payment of $500 million of Iranian funds was authorized to be paid in Iraqi banks, the Secretary-General of the Iran-Iraqi Joint Chamber of Commerce said.

He explained that the Iraqi Foreign Ministry announced to the United States that we owe Iran about $18 billion, despite the head of the Central Bank of Iran announcing a lower number, and the figure of $10 billion has been announced in the past.

Regarding the reasons for the difference in the available statistics on the size of Iraq’s debt to Iran, Hosseini said that Iraq’s announcement of this amount of debt to Iran is due to the new electricity and gas money that has been added.

One way to release our money in Iraq faster is to invest in the country itself, which also leads to production, or coordination with Iraqi businessmen for imports, he said.

4,000 megawatts of Iraq’s electricity is supplied annually by Iranian energy, and this country cannot be left alone in this situation, “Of course, that doesn’t mean giving up our money,” Hosseini said.

He said: Iraq’s daily oil income is between 250 and 300 million dollars, and according to the United Nations resolution, these funds are first imported to the American Bank, and the Central Bank of Iraq is ordered to transfer these funds to Iraqi banks. Part of this income is also delivered in the form of banknotes.

That’s why the U.S. monitors this country’s foreign exchange market, but it’s worth noting that not all banking activities in Iraq are done through banks, and the foreign exchange route entering Iran cannot actually be closed,” he added.

Hosseini explained that the US intervention in the Iraqi currency market is actually a problem for the Iraqi businessman, increasing the cost of dealing with Iran by 10%.

With the new measures of the United States, no obstacle has been put in place to the entry of foreign currencies into Iran, because we have the strength of competition in exporting to this country, which has made the cost of transportation cheaper, and we can continue to export our products at a lower price, he said.

https://alforatnews.iq/news/مسؤول-إيراني-ديوننا-على-العراق-18-مليار-دولار-وأمريكا%C2%A0سمحت-لبغداد-بدفع-500-مليوناً

The decision of the Council of Ministers to publish the use of point of sale (POS) devices and implementation requirements

Articles 
Samir Al-Nsairy

   

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A reference to the decision of the Council of Ministers to publish the use of point of sale (POS) devices on a large basis in financial transactions and the transition from the cash community to the cash community in line with the government program to develop banking work and the confirmation of the Prime Minister during his meeting with delegations from Visa International Company to proceed with financial inclusion plans and digitize banking transactions to meet international standards and specifications at the international level.
At the time when we support the decision of the Council of Ministers in this regard and emphasize the need to strictly adhere to the parties included in the implementation of the decision in accordance with the procedures and mechanisms specified in the paragraphs of the decision, on this occasion, we must clarify the efforts made and made by the Central Bank since its launch of the technical revolution for digital transformation in the banking sector since 2016 in implementation of the objectives of its first, second and until the present strategy in achieving reform and development of banking and with high determination and confidence in the ability of Iraqi financial and technical cadres working in the Central Bank to overcome the challenges of the technical gap in information systems suffered by Iraq due to the repercussions of the blockade, wars, terrorism and instability during the period of the information revolution. The Central Bank has been able to overcome the challenges of digital transformation and development in banking technologies, establish infrastructure in banks and lead an advanced system of payments at the level of the state’s financial system.
It is certainly an important national effort for the employees of the Central Bank and banks, and this comes because of the procedures and developments carried out by the Central Bank and standing in the right direction in the darkest economic conditions suffered by our country and drawing a sound road map to catch up with technical developments in the countries of the world.
The Central Bank and the banking sector believe that the decision of the Council of Ministers is moving in a direction and steps consistent with the strategy of the Central Bank in digitizing and developing daily financial and banking transactions with the latest developments, developments and standards in the developed countries of the world in this field, but we believe that determining the implementation date on 1/6/2023 needs technical discussions with specialists in the Central Bank and electronic payment companies in the private sector in order to determine the foundations, standards and technical infrastructure and provide the necessary number of POS devices, of which the current availability is about (8500) devices and the number of electronic cards activated exceeds (15) million cards and the number of automated exchanges up to more than 1566 ATMs. It also requires educational efforts. And great media and publicity for a time that exceeds the current specified times and in partnership with banks and electronic payment companies because the banking culture of citizens using this modern technical means to move from cash payment to paying in this method is very weak, in addition to the weakness of knowledge and ways of motivation for mall owners or commercial and service shops, entities and areas that can use this type of daily financial and banking transactions.

There is no legislation that obliges citizens as well as service providers to apply digital transformation and motivates them to use electronic payment methods to pay bills. Note that the distinguished decision of the Council of Ministers allowed the citizen to use electronic payment along with cash in addition to the lack of integration of infrastructure. Through networking between the ministries and the parties referred to in the decision. .. And the need to develop communication services and facilitate the use of Internet services.
Therefore, it requires government support for the process of expanding the use of electronic cards and points of sale in cooperation with the Central Bank of Iraq. The work has been completed and the facilitation of all routine procedures also requires the provision of incentive incentives for service providers and the provision of banking facilities. We propose to develop a plan for the implementation of the decision incremental and with time limits agreed upon by all concerned authorities in the government, the central bank and electronic payment companies operating for the purpose of completing the implementation requirements in full.

https://economy-news.net/content.php?id=32776