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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Escalation is not in Iraq's interest.. Parliament indicates the danger of moving away from the dolla

    Rocky
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    Parliament - Escalation is not in Iraq's interest.. Parliament indicates the danger of moving away from the dolla Empty Escalation is not in Iraq's interest.. Parliament indicates the danger of moving away from the dolla

    Post by Rocky Thu Feb 01, 2024 7:22 am

    Escalation is not in Iraq's interest.. Parliament indicates the danger of moving away from the dollar by selling oil
    [You must be registered and logged in to see this link.] |Today
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    Baghdad Today - Baghdad
    Today, Thursday (February 1, 2024), the Parliamentary Oil and Energy Committee pointed out the danger of moving away from the dollar in selling Iraqi oil, while stressing that escalation is not in the country’s interest. 
    A member of the Parliamentary Oil Committee, Dhargham Al-Maliki, acknowledges today that moving away from the dollar in selling oil will create an escalation that is not in the interest of Iraq.
    Al-Maliki said in an interview with “Baghdad Today” that “Iraq’s resort to selling oil at other currencies’ prices may be part of the tools for an economic solution to the current situation, but it is not at the level that some imagine, especially since there are many complications, the most prominent of which is the pricing of selling oil in OPEC and the rest of the international organizations.” The other on the dollar. 
    Political side 
    He added, "The dollar crisis in Iraq has a political aspect and is not a purely economic matter, and its solution begins with fulfilling government promises regarding addressing many of the problems with the American side in order to accelerate the payment of financial dues coming from the treasury for the sale of crude oil."
    Iraq share
    He pointed out that “continuing to sell oil away from the dollar will create escalation and lead to reducing Iraq’s share of the dollar, and this matter is not in the interest of the economy,” stressing “the need for treatments to be objective according to a vision that takes into account the country’s interests and for its markets not to be affected by any movement, whether in selling oil.” "Or something else."
     Earlier today, economic affairs expert Nabil Al-Marsoumi raised a question about the greatest danger facing Iraq, and whether it lies in the American bombing or selling oil in a currency other than the dollar?
    He pointed out in a blog post followed by “Baghdad Al-Youm” that “the calls to sell Iraqi oil in a currency other than the dollar lack realism and reflect a wrong understanding of the basics of oil pricing in the global market, and because it will expose Iraq to very violent American reactions, because abandoning the dollar is an American red line.” “It will threaten the global position of the dollar, which currently represents 60% of global monetary reserves, and will undermine the economic importance of the United States on the global level.”
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