Tuesday, April 16, 2024
Go ahead and rub it in…again….dinar is still 1/6 of a penny? by MNT GOAT, 16 APRIL
SUDANESE ADVISOR: THE CENTRAL BANK’S RESERVES EXCEEDED $110 BILLION IN 2024
(Go ahead and rub it in…again….dinar is still 1/6 of a penny? )
The Prime Minister’s advisor for financial affairs, Mazhar Muhammad Salih, confirmed on Monday that the central bank’s reserve exceeds $110 billion in 2024.
Salih said in an interview with “Al-Iqtisad News” that “Iraq is financially in a stable situation, given that oil prices are the basis of revenues.” The general budget for the year 2024 has been priced on the basis of $70 per barrel, while the average sales of Iraqi exported oil exceeds $80, which reduces the pressures of the planned deficit in the annual budget (which was approved for three years 2023, 2024, and 2025).”
The Sudanese advisor expects the dollar to decline after the Washington discussions, 16 APRIL
The Sudanese advisor expects the dollar to decline after the Washington discussions
4/16/2024 Baghdad,
The political advisor to the Prime Minister, Sobhan Mulla Jiyad, expected Iraq's readiness to transform the relationship with the "International Coalition" into bilateral relations, anticipating a relative decline in the "dollar" with the Sudanese visit to Washington.
Mullah Jiyad said in a televised interview followed by Mawazine News: “Iraq wants to transform the relationship with the International Coalition into bilateral relations.”
He added, "We expect the dollar to decline relatively with the Sudanese visit to Washington," noting that "Iraq wants to transform the relationship with the International Coalition into bilateral relations." LINK
Evening Update with MarkZ. 04/15/2024
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