Foreign Minister: Iraq May Adjust Its Financial Budget For This Matter, 3 MARCH

Foreign Minister: Iraq May Adjust Its Financial Budget For This Matter

Economy News – Baghdad  The Iraqi Foreign Minister said that his country may amend its federal budget to pay recovery and transit fees to international oil companies, in an attempt to restart an important oil pipeline a year after it was stopped.

Fouad Hussein told Bloomberg News, “Talks are ongoing between oil companies, the Iraqi government in Baghdad, and the semi-autonomous Kurdistan Regional Government to resume crude oil exports through Turkey. The pipeline closure has blocked about half a million barrels of crude oil from global markets.”

Turkey stopped flows through the pipeline - which transports oil from the Kurdish region in Iraq to the Turkish port of Ceyhan - in March 2023 after an arbitration court ordered it to pay about $1.5 billion in compensation to Iraq for transporting oil without Baghdad’s approval.

Long-standing dispute

The arbitration decision was the culmination of a long-standing dispute between Baghdad and the Iraqi Kurdistan region over the rights to collect revenues from oil sales.

"IT'S TRADING AT $2.70 LIVE, ISN'T THIS SUSPICIOUS?" BY FRAN26, 3 MARCH

  Frank26

  IMO the Forex is live.  It is trading the Iraqi dinar live.  I don't believe I've ever seen it trading live against the dollar.  It's being traded in real time.  That's impressive. 

 It started today or maybe yesterday ...That's why I say something is going on... It's trading at $2.70 live.

 I'm not making this up.  You can go look this up yourself.  Let's see if these numbers stay the same on Sunday...when they start trading live...Isn't this suspicious?  Isn't this a precursor?  Isn't this a sign?  Isn't this a logical step for a currency that is about to go through a movement of some type?

Question 'Will 25000 [dinar note] still be worth the same if it's 1 to 1?'  Yes.  A 25000 Iraqi note at a rate of 1 to 1 is equal to $25,000. 

Iraqi dinar🔥The IMF and the World Bank Give the Green Light to the CBI |...

Parliamentary Bloc: America Prevents Iraq From Joining The Chinese Agreement, 3 MARCH

 Parliamentary Bloc: America Prevents Iraq From Joining The Chinese Agreement

Economy  Information / Baghdad..    The head of the Al-Sadiqoun parliamentary bloc, Habib Al-Halawi, confirmed today, Sunday, that America is pushing to prevent Iraq from joining the Belt and Road Initiative.

Al-Halawi said in an interview with the Maalouma Agency, “The United States of America is pushing to prevent and obstruct Iraq’s association with the Silk Road Economic Project, adding that Iraq’s association with the Chinese initiative represents a strategic opportunity to activate Iraq’s role within the Belt and Road Initiative.”

He pointed out that "America stands as an obstacle to the growth of the Iraqi economy and does not allow Chinese companies to invest in Iraq, stressing that there is a desire among the Iraqis to consolidate bilateral relations with China." LINK

"RV UPDATE" BY RAYREN98, 3 MARCH

 RayRen98 

 EVEN THOUGH I DON'T SEE IT YET...THEY ARE TELLING US "IT'S DONE"...THIS HERE "RIDE" IS FINALLY COMING TO AN END...HOPEFULLY TODAY.

 [via Vinterv]  3 LTR'S [3 LETTER AGENCIES] ARE ON A 24-HOUR WATCH...

♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ I'm so excited, and I just can't hide it. I know, I know, I know I see a RATE CHANGE! A SHO-NUFF "RATE CHANGE" ! ♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ Sooner THAN later ♫♪♫♪♫  I GOT A FEELIN ...TONIGHT'S GONNA BE A GOOD NIGHT ♫♪♫♪♫ times 3...    

GOOD SOURCES INFORM THAT THEY ARE ATTEMPTING TO PUSH IT OUT "BEFORE" THE END OF THE MONTH...

March 3, 2024 BY NADER FROM MID EAST

With A Dollar Bill... Deputy: The US Treasury Is Putting Pressure On Iraq, 3 MARCH

 With A Dollar Bill... Deputy: The US Treasury Is Putting Pressure On Iraq

Information / Baghdad..  Today, Sunday, the representative of the Fatah Alliance, Ola Al-Nashi, accused the US Treasury Department of obstructing the Iraqi government’s reforms in light of waving the economic card through the dollar file.

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

Al-Nashi told Al-Maalouma, “The economics file is more important than politics and what is happening in it, and it is the aspect that is focused on to thwart any government if it achieves successes and is able to get closer to the people.”

He added, "The government is required to take strong decisions against them in order to control the dollar crisis, noting that the American administration changed its sights towards the economic card after its failure in the soft war against Iraq."

Al-Nashi pointed out that “the rise in the dollar exchange rates in local markets is a political file to put pressure on Muhammad Shiaa Al-Sudani.”

The dollar exchange rates are witnessing a significant increase in the Iraqi markets, as the price of one dollar has reached more than 152 dinars, amid fears that this rise will continue. LINK