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[size=52]Economist: Washington imposes its authority on Iraqi oil revenues[/size]
- Today 10:14
Information / Baghdad...
Economic affairs researcher Muhammad Al-Saadi explained, on Tuesday, the extent to which it is possible to obtain oil revenues from importing countries directly without placing these funds with the US Federal Bank.
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Al-Saadi told Al-Maalouma that "China, India and other Asian countries import Iraqi oil in large quantities, but Iraq receives revenues through the US Federal Bank, which makes Washington an authority over those revenues."
He added, "The dollar, as an American currency that is prohibited in some countries, Iraq can benefit from such a procedure by selling oil in exchange for goods, goods, and raw materials needed by the Iraqi industry, or introducing companies from those countries and engaging them in the field of construction, construction, and project implementation."
And he indicated that "the continuation of selling oil in exchange for obtaining dollars may not be a good idea, as it is possible to obtain projects, goods and goods instead of oil revenues in dollar currency."
He pointed out that "Iraq has large reserves of hard currency with the US Federal Bank." ended 25 n
[You must be registered and logged in to see this link.]
Economic affairs researcher Muhammad Al-Saadi explained, on Tuesday, the extent to which it is possible to obtain oil revenues from importing countries directly without placing these funds with the US Federal Bank.
[You must be registered and logged in to see this link.]
Al-Saadi told Al-Maalouma that "China, India and other Asian countries import Iraqi oil in large quantities, but Iraq receives revenues through the US Federal Bank, which makes Washington an authority over those revenues."
He added, "The dollar, as an American currency that is prohibited in some countries, Iraq can benefit from such a procedure by selling oil in exchange for goods, goods, and raw materials needed by the Iraqi industry, or introducing companies from those countries and engaging them in the field of construction, construction, and project implementation."
And he indicated that "the continuation of selling oil in exchange for obtaining dollars may not be a good idea, as it is possible to obtain projects, goods and goods instead of oil revenues in dollar currency."
He pointed out that "Iraq has large reserves of hard currency with the US Federal Bank." ended 25 n
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