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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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The Central Bank expects that the price of a barrel of oil will be $ 45 in the 2022 budget

rocky
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budget - The Central Bank expects that the price of a barrel of oil will be $ 45 in the 2022 budget Empty The Central Bank expects that the price of a barrel of oil will be $ 45 in the 2022 budget

Post by rocky Sat 18 Dec 2021, 6:13 am

The Central Bank expects that the price of a barrel of oil will be $ 45 in the 2022 budget

  •  Time: 12/18/2021 12:40:11
     
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{Economic: Al Furat News} The Governor of the Central Bank of Iraq, Mustafa Ghaleb, confirmed that Iraq's foreign exchange reserves rose to 64 billion dollars from 48 billion dollars since the value of the dinar was devalued about a year ago.
Ghaleb added in a press interview, that "the devaluation of the currency helped increase the reserves, and that the Iraqi economy became much better than it was in the middle of the Corona virus pandemic, when oil prices fell and Baghdad was in preliminary talks with the International Monetary Fund to obtain a possible loan."
Ghalib said: We used to hold meetings twice a day sometimes with the International Monetary Fund and the World Bank, but the Iraqi government's financial situation is much better now.
He continued, "The central bank's dollar reserves would have fallen to the level of the thirties if we had not increased the dollar exchange rate ... The increase in oil prices helped improve the situation as well."
Ghaleb said he expected "Iraq's budget for 2022 to be based on an oil price of about $45 a barrel. Iraq, the second largest producer in the Organization of the Petroleum Exporting Countries (OPEC), gets about 95 percent of state revenues from oil sales."
Ghaleb added that "Iraq currently owes Iran about five billion dollars in value of energy imports, which are necessary for continued operation, but Baghdad abides by US sanctions that prevent it from paying any money to Iran."
And he indicated, that Iraq "paid some of these energy debts in the form of goods and supplies, as it, for example, purchased $250 million worth of Russian Sputnik's anti-Corona vaccines, as well as wheat for Iran."
Ghaleb confirmed, "The validity of reports that Iraq opened an account with the Chinese-backed Asian Infrastructure Investment Bank, saying that it had deposited about $100 million in the account to pay potential costs for infrastructure projects in the future."
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