What’s the “$16 Agreement”?
Baghdad to compensate producers $16 per barrel for costs.
Foreign and Iraqi gold prices stabilized in the wholesale markets of Al-Rasheed Street in the capital, Baghdad. The selling price for one mithqal (approximately 4.25 grams) of 21-karat Iraqi gold reached 622,000 dinars, while the buying price stood at 618,000 dinars.
This clears path for #GKP to resume exports & receive payments — potentially unlocking millions in revenue.
The Kurdistan oil export deal & salary payments resumption could strengthen the Iraqi Dinar (IQD) by boosting government revenues & fiscal stability .
More oil income = less deficit pressure = potential IQD stabilization.-----
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