CHINESE CAPTURE OF “LARGEST SHARE” OF IRAQ’S OIL SALES LAST MONTH, 28 DEC

CHINESE CAPTURE OF “LARGEST SHARE” OF IRAQ’S OIL SALES LAST MONTH

Economy News _ Baghdad

The Iraqi Oil Marketing Company (SOMO) announced on Tuesday that Chinese oil companies were the most numerous to buy Iraqi oil during the month of November.

“SOMO” said in a statistic published on its official website and seen by “Economy News”, that “Chinese companies were the most numerous among other international companies in the purchase of Iraqi oil, and by 7 companies out of 33 companies that bought oil during the month of November.”

She added that “Indian companies came second with 6 companies, then American companies came third with 4 companies, South Korea came fourth with 3 companies, Greek, Italian and Spanish companies came with two companies each, while the rest were distributed to Emirati, Japanese, Jordanian, Russian, Malaysian, Holland-British and Turkish companies with one company each.”

Somo indicated that it “relies in its sale of Iraqi oil on the main criteria for contracting with major and medium international oil companies, independent and vertically integrated government,” noting that “the most prominent international companies that bought Iraqi oil are the Indian company “Andlan Oil, Korean Kokaz, Exxon Mobil of America, Eni of Italy and Shell of the British Dutch.”

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

"NORTH WEST US BANK STORY" BY FRANK26, 28 DEC

  Frank26 

 [North West US Bank Story]

 BANK STORY WOMAN:  All the way up until a few months ago, I kept buying dinar from this bank...The VP came into the office and says, 'Hey, we want to know why are you buying all this dinar?  Is there something you know that we don't know?' 

 FRANK:  Oh, my goodness.  

BANK STORY WOMAN: I kind of gave them the foundation of it and then before you know it I end up walking into the bank [weeks later] they sort of shouted at me, so have you heard anything?  This was in the lobby!  I was looking around like oh, my gosh why are they talking so loud?

I have my fingers next to my lips.  They said, oh it's okay everybody is invested here. 

 FRANK:  They got invested and now every time they see you they want to know more.  Yeah, this is a small bank.  That's why they don't know too much about it.  But the fact that you planted a seed with them and you know very well they went and asked questions to the right people in the banking industry.  Next thing you know they're waiting

 BANK STORY WOMAN:  ...They have a lot of branches in 5 or 6 states.  They're big but they're not big like Well Fargo or other companies

Iraqi Dinar🔥Crispy Time For Iraqi Dinar RV Holders Today 2023🔥iraqi dina...

ECONOMIST: THE BLACK MARKET FOR THE DOLLAR HAS BEGUN TO DISAPPEAR AND THE EXCHANGE RATE IS RISING TODAY DUE TO CHRISTMAS, 28 DEC

ECONOMIST: THE BLACK MARKET FOR THE DOLLAR HAS BEGUN TO DISAPPEAR AND THE EXCHANGE RATE IS RISING TODAY DUE TO CHRISTMAS

The economic expert, Abdul Rahman Al-Sheikhli, believes that the black market for the dollar has begun to disappear and the exchange rate has risen today due to Christmas.

Al-Sheikhli said: For the {State Dialogue} program broadcast by Al-Furat satellite channel this evening, it said: “The government and its president, Muhammad Shiaa Al-Sudani, are determined to restructure and develop the performance of the governmental or private banking sector, as many of them do not perform their duty in the required manner, and the government clarified an economic vision that was very far from sight.” 

He added: “Dealing in the Turkish lira against the Iraqi dinar is a qualitative leap that needs to be replicated with the rest of the neighboring countries,” noting that “60-70% of small merchants do not have bank accounts.”

Al-Sheikhli continued, “The parallel market began to decline during the past two days, and today it rose slightly due to Christmas, and its rise is not correct,” noting that “the conflicting people and some black market traders are in control of the parallel market, and the security services are working hard to limit these, and the governorate councils will also have a supervisory role.” active”. 

He expected the dollar to fall “below 145 thousand dinars during the next stage, and the exchange rate to stabilize significantly in the coming year.”

 Al-Sheikhly added, “Economic and financial policy is dependent on political stability, and the focus must be on the source of the decision in the House of Representatives, which is represented by the parliamentary committees to follow up on financial policy.”

He stated, “The goods in the shopping centers in the governorates are very stacked, and the committees previously formed with the Ministries of Finance, Planning, and Trade must be reconsidered with the Central Bank to limit the entry of bad goods.”  

He pointed out, “The black market situation has begun to fade, and control over the entry of goods from unofficial outlets limits the expansion of the parallel market.”  

Al-Sheikhly concluded by saying, “Some general directorates collect large sums of money that are spent for the purposes of reconstruction and rehabilitation of buildings. This is not true. They must be included in the general budget and are supposed to form part of the state’s revenues.”

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

"RV UPDATE" BY MILITIAMAN, 28 DEC

 Militia Man  

We have been watching some of the most fantastic news articles...We can clearly say we have the confidence Iraq is going to be going international...We see evidence of that in a lot of different ways...They're doing things in a big way...The U.N. is saying Iraq has emerged...

Iraq is going to go international.  We don't have very long time to wait as far as what they are telling us .  If they throw us a curve ball and we find out something different, don't shoot the messenger...I hope you have a Happy New Year and I think we're going to be moving forward with some really positive information.

Multi-currency practices are using more than one currency.  For instance if you're using the dinar and the dollar, that's multi-currency practice within internal circumstances.  That's going to go away.    

Iraqi dinar 🔥Dollar de dollarisation deadline start 🔥 Iraqi dinar rate u...

Sudanese adviser details government measures in curbing dollar, 28 DEC

 Sudanese adviser details government measures in curbing dollar

The financial and economic adviser to the Prime Minister Mahar Mohammed Saleh, on Thursday, separated the government measures that contributed to curbing the dollar.

Saleh said {Euphrates News} that: “Credit cards, with their high flexibility in use, have provided a direct role in providing easy payments in foreign excres for travel purposes.”
“The demand for foreign exchange was also met by withdrawing from the dollar accounts of citizens after banks were allowed to supply dollars from foreign foreign markets in cash for this purpose,” he added.
Saleh pointed to “the trade regulation with neighboring Turkey to finance trade in Turkish lira through sober banking channels,” all these factors “have contained the noise of the illegal parallel exchange market.”
He continued, “In addition to the role of economic policy in enabling the commercial arm of the state by providing an additional stable-priced commodity offer by adopting four additional baskets to provide basic commodities and supporting supplies to the market funded at the official exchange rate of 1320 dinars per dollar.”
Saleh described this policy as “price defense, which led to the fall of growth in annual inflation to 3.7% currently, after that annual price growth was about 7% in the accounts of the beginning of the year.”

From: Raghad Daham

https://alforatnews.iq/news/مستشار-السوداني-يفصل-الاجراءات-الحكومية-في-كبح-جماح-الدولار