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


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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


    The Sudanese financial advisor explains the fate of the financial oil revenues.. This is America's p

    Rocky
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    The Sudanese financial advisor explains the fate of the financial oil revenues.. This is America's p Empty The Sudanese financial advisor explains the fate of the financial oil revenues.. This is America's p

    Post by Rocky Thu 11 May 2023, 9:02 am

    [size=45][size=41]The Sudanese financial advisor explains the fate of the financial oil revenues.. This is America's position[/size]
     19 hours ago
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    Today, Wednesday, the financial adviser to the Prime Minister, Mazhar Muhammad Salih, revealed the fate of Iraq's financial revenues that are in the Federal Reserve Bank, while explaining America's position on these revenues.
    Salih said in a press interview seen by “Takadam” that “the oil receipts account in which Iraqi oil revenues are deposited, which is opened at the Federal Reserve Bank in New York, was based on a previous UN Security Council Resolution No. 1483 in May 2003.”
    He added, “This account is legally protected by the Federal Reserve Bank against any indebtedness, arbitration, and other risks,” stressing that “there is no pressure to dispose of national funds and transfer them to accounts in other countries or different foreign currencies.”
    Al-Sudani's financial advisor continued: "The disposal of funds is whenever the need is determined by the national interest and in a way that serves the interests of the Iraqi economy and in a manner that does not contradict the strategic framework agreement between Iraq and America signed in 2008."
    The 2022 oil revenues in Iraq exceeded $115 billion, according to preliminary figures issued by the Ministry of Oil, which is the highest since the significant decline in oil prices during the Covid-19 period.
    Iraq, the second largest oil producer in the Organization of Petroleum Exporting Countries (OPEC), has huge reserves of black gold, which represents 90% of its revenues.
    The government relies heavily on the price of a barrel of oil and oil revenues in its budget, amid economic difficulties and the need for several infrastructure projects after years of war.
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