Friday, March 8, 2024
"RV UPDATE" BY PIMPY, 8 MARCH
Pimpy
I don't want you guys to be discouraged. Iraq has come a long way. You guys know this. I know you guys want everything to happen overnight because you guys have been waiting for such a long time. You've been patient for this long, just be patient a little longer. We see their foreign reserves going up. We know there's reform taking place. We know they got construction going on. We know they're going to fix their infrastructure ...Yes, things are looking very bright for Iraq.
We know that a good-sized portion of the infrastructure has already been worked on and somehow some way they did it at an exchange rate of 1310...A Slight Increase In Oil Prices Due To A Smaller-Than-Expected Increase In US Crude Inventories, 8 MARCH
A Slight Increase In Oil Prices Due To A Smaller-Than-Expected Increase In US Crude Inventories
Thursday 07, March 2024 09:06 | Economical Number of readings: 351
Baghdad / NINA / Oil prices rose about 1% due to a smaller-than-expected increase in US crude inventories and a decrease in distillate and gasoline inventories.
Brent crude futures rose 92 cents, or 1.1%, to $82.96 per barrel upon settlement, bringing Brent rose for the first time in five days.
US West Texas Intermediate crude futures also increased 98 cents, or 1.3%, to $79.13 per barrel.
The US Energy Information Administration said that crude inventories rose by 1.4 million barrels to 448.5 million in the week ending March 1, compared to analysts’ expectations in a Reuters poll for an increase of 2.1 million.
She indicated that gasoline stocks decreased by 4.5 million barrels to 239.7 million, compared to analysts’ expectations of a decrease of 1.6 million./ End
"BASELL III IS NOW ALREADY IN EFFECT " BY MIKECRISTO8, 8 MARCH
MIKECRISTO8
"CORRECTION TO FRANK26'S DINAR LIVE ON FOREX POST" BY THOMAS K, 8 MARCH
Frank26
[Correction to Frank26's dinar live on forex post 3-5-2024 below - Information received from community member Tomas K]
THOMAS K: When you put USD/IQD on the chart that was incorrect...The only way the US dollar paired with the Iraqi dinar is this way - USDIQD or IQDUSD , whichever way you want to view the numbers but with no forward slash.
Forward slash is another indication for that chart to give you some other data. Don't put a slash between the two Forex symbols.
FRANK: This man is correct. I must apologize.
Government Efforts To Ease US Sanctions On Banks, 8 MARCH
Government Efforts To Ease US Sanctions On Banks
Economy | 03/07/2024 Mawazine News - Baghdad, an expert in financial affairs, Mahmoud Dagher, confirmed that the Iraqi government and the Central Bank are dissatisfied with the nature of the US Treasury’s dealings with Iraqi banks, pointing out that there is an effort to lift the sanctions in light of a difficult political framework and a more difficult regional atmosphere.
Dagher said in a televised interview followed by Mawazine News, “The current government administration and the Central Bank are dissatisfied with the nature of the Treasury’s dealings with Iraqi banks and are making an effort within a difficult political framework and a more difficult regional atmosphere,” noting that the Iraqi ambassador in Washington visited the US Treasury and there is work to resolve or Reducing the severity of sanctions.
Regarding the public sector’s control over projects, Dagher stated, “The largest government bank possesses a capital of 130 billion dinars and controls all state deposits, while the smallest bank in the private sector possesses a capital of 300 billion dinars in light of a clear government restriction on the expansion of the sector’s work.” private".
The financial expert described the expansion of the public sector as “ownership, not performance,” noting that “the reason is due to the Ministry of Finance’s monopoly on the labor and investment market in the country.”
Dagher stated, “The public sector needs a sovereign fund, not a fund within the budget.”
