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The relationship reveals the central bank’s reserve. dollars and gold, 22 APRIL

The relationship reveals the central bank’s reserve. dollars and gold

Governor of the Central Bank of Iraq, Ali Al-Alaq, announced the foreign reserve in the bank.

“The central bank has a foreign reserve of more than $100 billion,” Al-Alaq said in a press statement.

“We have more than 130 tonnes of gold reserves, most of which are in England,” he added.

Al-Alaq pointed out that “the volume of trade with the UAE is up to 17 billion dollars and is paid in UAE dirhams.”

Al-Alaq pointed out that “Abu Dhabi First Bank is the one that handles the process of commercial transfers in UAE dirhams.”

https://alforatnews.iq/news/العلاق-يكشف-احتياطي-البنك-المركزي-دولاراً-وذهباً

"RV UPDATE" BY BREITLING, 22 APRIL

 Breitling  

  LOP...people that are smart, economist, get this wrong.  The underlying definition is hyperinflation.  How do people fight it?  By removing the zeros.  Nothing wrong with that.  It's smart.  But it's hyperinflation.  People will point out incorrectly, look at Iraq... The best analysis I've read is that it [the dinar] was worth at it's height 2.25 to the U.S. dollar...Iraq has never had a customer problem.  That's where you find the hidden value in this investment.  It's not hyperinflation..

There is inflation but it's 100% policy based inflation.  You had this currency that was worth a lot of money...What was their number one export?  

Energy.  Then war came along.  You had war inflation.  But did Iraq's customer base change?  No.  Did their oil producing output change?  No, it went up.  That's where you're going to find the value.  That's where the value is coming from.  That's it.

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Iraq surpassed Saudi Arabia in its oil exports to America last week, 22 APRIL

Iraq surpassed Saudi Arabia in its oil exports to America last week

The US Energy Information Administration announced on Sunday that Iraq’s oil exports to America have increased over the past week.

“The average U.S. imports of crude oil last week from 8 major countries amounted to 4.832 million barrels per day, down 265,000 barrels per day from the previous week, which amounted to 5.097 million barrels per day,” the administration said in a schedule.

She added that “Iraq’s oil exports to America came in second place after Canada, where they reached 308 thousand barrels per day last week, up by 166,000 barrels per day from the previous week, which amounted to 142,000 barrels per day.”

The administration also pointed out that “America’s most oil revenues during the past week came from Canada at a rate of 3.458 million barrels per day, followed by Colombia with an average of 246,000 barrels per day, and from Saudi Arabia at a rate of 229,000 barrels per day.”

According to the table, “the amount of US imports of crude oil, from Mexico was at a rate of 208,000 barrels per day, from Brazil at a rate of 189,000 barrels per day, from Nigeria at a rate of 173,000 barrels per day, and from Libya at a rate of 21,000 barrels per day.”

It also did not import any amount of Ecuador and Russia.

https://alforatnews.iq/news/العراق-يتجاوز-السعودية-في-صادراته-النفطية-لامريكا-الاسبوع-الماضي

"RV UPDATE" BY PIMPY, 22 APRIL

  Pimpy

  Article:  "Parliament's finance advises raising exchange rates again.  Money about oil revenues?"  They are talking about changing the exchange rate to 1500 for every dollar.  That's the wrong direction.  We don't want that to happen...I know the news is frustrating but that's what they were talking about...It's the same thing they talked about in December.  So don't be surprised.  Let's hope it goes in the other direction.

  Question: "So you're telling me we should sell our dinar because it's about to lose us a lot of money?" 

 I'm saying we don't know what's going to happen.  There's a possibility we can wake up tomorrow and it's 1 to 1 and they haven't deleted the zeros a lot of people are millionaires.  There's a possibility we wake up tomorrow and they delete the zeros and we have to exchange it for the new currency and then they change it 1 to 1 and you're not a millionaire.

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