Sunday, January 28, 2024
Iraq achieves more than $8 billion in oil sales within a month, 28 JAN
Iraq achieves more than $8 billion in oil sales within a month
Shafaq News/ The Ministry of Oil announced, on Sunday, that the total oil exports and financial revenues achieved for last December exceeded 8 billion US dollars, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO).
The ministry said in a statement today that the amount of crude oil exports was (108) million (56) thousand and (590) barrels, with revenues amounting to (8) billion (311) million and (34) thousand dollars.
The statistics indicated that the total quantities of crude oil exported for the month of December from the oil fields in central and southern Iraq amounted to (107) million and (592) thousand and (532) barrels, while exports to Jordan were (464) thousand and (58) barrels. .
According to statistics, the average price of one barrel reached $76,914.
The Ministry continued that the exported quantities were loaded by (44) international companies of several nationalities, from the ports of Basra, Khor Al-Zubair, and single buoys, and from the Turkish port of Ceyhan and the modern Kirkuk warehouse, by tanker trucks.
shafaq.com
"THE ZIM WOULD BE A GREAT TOOL FOR HUMANITARIANS" BY LISA TEXAS (VIA BEARDED_PATRIOTUSA), 28 JAN
Bearded_PatriotUSA
Telegram post
1/27/24
Forwarded from Travis Wilson:
Forwarded message from Lisa Texas
The alliance is using ZIM to fund the QFS. There’s more gold (and diamonds) under Zimbabwe than we can fathom. It was mined back when it was called Rhodesia.
The mine was shut down in wait for our consciousness to rise. ZIM is and has been the most undervalued of all foreign currencies.
It was decided that ZIM (once revalued) would be a great tool to fund humanitarians who reached the consciousness-level of this information.
The Central Bank of Iraq decides to restore the mechanism for financing Iraq’s foreign trade, starting next March, 28 JAN
The Central Bank of Iraq decides to restore the mechanism for financing Iraq’s foreign trade, starting next March
The Central Bank said in a letter addressed to the banks, and seen by NRT Arabic, that for the purpose of organizing financing operations for requests to enhance external balances, it was decided to implement the new requirements and mechanisms starting from March 1, 2024.
He added that banks wishing to enhance their balance with correspondent banks in all currencies should appoint an external auditor for the purposes of reviewing transfers in advance of the process of sending transfers. Banks wishing to enhance the balance must provide us with information about the names of the companies they wish to contract with within a maximum period of February 29, 2024.
The statement stressed that requests to strengthen the dollar are for banks that hold correspondent accounts with an American bank exclusively, at a price of 1310.
He stated that strengthening currencies other than the dollar will accept applications at the banks of the currency country, provided that the classification of these banks is either the same as the country’s classification or only one rank lower than it, in a way that is consistent with Iraq’s import requirements from those countries.
nrttv.com
"RV UPDATE" BY PIMPY, 28 JAN
Pimpy
90% of Iraq's exports are in oil... Remember Iraq wants to be competitive in the trade market. Increases in their exchange rate would cause the items they are exporting to go up in cost. Since 90% of the exports is oil, this is different...
An increase in Iraq's exchange rate could lead to a stronger Iraqi dinar relative to other currencies. This would mean for each unit of oil sold, Iraq would receive more foreign currency.
Iraq's revenues from oil exports could potentially rise. So they can increase their exchange rate and what they could do to balance that increase in their exchange rate is either increase or decrease their oil production ...
We also know their foreign currency reserves have increased to $115 billion. Increasing the exchange rate would also increase their currency holding, which is good because they can us that to protect the Iraqi dinar. Increasing the exchange rate would benefit Iraq big time.