Monday, July 15, 2024
Iraq Is The Fourth Largest Oil Exporter To America During The Week
Economy | 09:00 - 07/14/2024 Baghdad - Mawazine News The US Energy Information Administration announced on Sunday that Iraq's oil exports to the United States increased last week.
The administration stated that "the average US imports of crude oil last week from 9 major countries amounted to 5.635 million barrels per day, up by 235 thousand barrels per day from the previous week, which amounted to 5.400 million barrels per day."
It added that "Iraq's oil exports to America amounted to 217 thousand barrels per day last week, up by 22 thousand barrels per day from the previous week, which amounted to 195 thousand barrels per day."
The administration indicated that "the largest oil revenues to America last week came from Canada at a rate of 3.889 million barrels per day, followed by Mexico at an average of 417 thousand barrels per day, followed by Saudi Arabia at 239 thousand barrels per day, and from Colombia at 226 thousand barrels per day, then Brazil at a rate of 217 thousand barrels per day."
According to the table, "the amount of US imports of crude oil from Nigeria was at a rate of 170 thousand barrels per day, from Ecuador 162 thousand barrels per day, then Libya at a rate of 44 thousand barrels per day." https://www.mawazin.net/Details.aspx?jimare=251283
RV UPDATE BY MNT GOAT, 15 JULY
Mnt Goat
In talking to my CBI contact ...I was told there is a master plan they are following to get to the reinstatement... The point that was made to me...is that the IQD should already be reinstated if nothing else to what it was prior to 1990, then to let it float and the market will drive it like any other foreign currency that is traded...
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LATEST FROM MNT GOAT
I just want to conclude today by saying that everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place.
The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it. Today we witnessed a confession by former MP Ayoub Al-Rubaie who confirmed on Tuesday that Washington failed in Iraq by stalling this work.
Yes, we still also wait for the Oil and Gas law. In my last Newsletter dated 6/27 I presented an article explaining, once again, the issues preventing this law from moving ahead as quickly as they desire. So, knowing this could this actually be the reason why Biden is stalling.
Is this then Biden’s fault or Iraq? Remember Iraq did agree to “fully” implement their constitution and the US told them they will not reinstate their currency until it is implemented. But remember this was not the only issue and so let’s not now go off half-cocked once again with this foolish mindset that one event will trigger the RV. Just also remember once again all the intel guru lies about the budget and how they tried to convince everyone the new RV rate was in the budget. It was not and never will be. This was out of ignorance. Let’s not go down that road again…..please! 😊
https://dinarevaluation.blogspot.com/2024/07/latest-from-mnt-goat-everythinh-is-set.html
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...everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place.
The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it. ...this should have already been accomplished in June and is late. It is failure on the part of the US because the US is still stalling it.
In light of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level...” Saleh...
financial advisor to the Prime Minister...is telling us...the parallel market versus the official rate are under control and no longer an issue for stability. It also tells me they have their inflation problem under control. This is amazing because my CBI contact told me this one of a few other issues was the reason why the Project to Delete the Zeros was not kicking off...
https://dinarevaluation.blogspot.com/2024/07/latest-from-mnt-goat.html
Federation Of Iraqi Industries: The Government Has Focused All Its Attention On The Private Sector
Money and business Economy News – Baghdad The Iraqi Industries Federation confirmed, on Sunday, that the government has focused all its attention on the private sector, which has provided significant support that has given it strength in the market and the ability to contribute to supporting government projects.
The head of the union, Adel Aqab, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the union works in cooperation with the government, the private sector and the International Labor Organization and implements programs that benefit the private sector, which is clearly supported by the government," noting that "the government has focused its attention on this sector, which has given it clear strength in the market and a greater ability to support government projects."
Regarding the government's interest in infrastructure before paving operations, Aqab explained that "any paving operation without infrastructure is a waste of public money, as these stages are temporary and immediate, so paving operations must precede infrastructure projects, which is what the government is currently working on and is supported by the Federation of Industries and the private sector in providing the necessary materials for the work."
Views 43 2024/07/14 - https://economy-news.net/content.php?id=45226
RV UPDATE BY MILITIAMAN, 15 JULY
Militia Man
They haven't started oil pumping and you have to ask yourself, why? Because they need revaluation for that and I think that's what we're waiting for. Is that some sort of delay? I don't think so. I think the inner connectivity of the most complex revaluation situation in the history of mankind...is complex.
Militia Man
I think when they say, " Whose operations are constantly expanding in favor of dealing at the fixed official exchange rate", is an argument suggesting that instead of being a floating currency...they're leaning towards a fixed official exchange rate for some time...
Iraq has been and is seeking to join the World Trade Organization...Iraq is promoting self-sufficiency. Why? Because they have all kinds of assets. They have inputs and outputs. They have so many natural resources that they're going to be able to make things, to be able to have excess...There's a working party on accession of Iraq [into the WTO] on the 18th of July. That's important.DINAR REVALUATION REPORT: Government's Initiative to Modernize Banking Sector, 20 SEPT
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