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An Iraqi Expert Expects The Dollar To Fall To The Official Price And Reveals Indicators
06/17/2023
2088
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06/17/2023
2088
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Earth News / Economist Nabil Al-Marsoumi predicted today, Saturday, that the dollar will drop.
Al-Marsoumi stated in a clarification, followed by Earth News, that “there are many indications that suggest the imminence of an interim agreement between Iran and the United States, after the International Atomic Energy Agency announced the resolution of outstanding issues with Iran related to uranium enrichment rates, which reached 83%, as well as issues related to the discovery of nuclear activities in Iran.” Some undisclosed sites from Iran.
He added, “This means that the contentious issues between Iran and the agency have been resolved, and any US-Iranian agreement would lead to an increase in Iranian oil production and exports between half a million and one million barrels per day, which would result in a decrease in global oil prices that would negatively affect oil revenues in Iran.” OPEC countries, including Iraq.
He continued, "But on the other hand, if this agreement leads to the abolition of restrictions on bank transfers in dollars to Iran, this will lead to a significant improvement in the exchange rate of the dinar against the dollar, and the parallel exchange rate will come very close to the official rate as a result of the shift in the payment of Iranian merchants' dues from cash dollars to remittances." Banking, and it may also result in an increase in Iranian gas releases to Iraq, as the agreement will lead to the possibility of paying Iran's debts to Iraq in dollars.
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Al-Marsoumi stated in a clarification, followed by Earth News, that “there are many indications that suggest the imminence of an interim agreement between Iran and the United States, after the International Atomic Energy Agency announced the resolution of outstanding issues with Iran related to uranium enrichment rates, which reached 83%, as well as issues related to the discovery of nuclear activities in Iran.” Some undisclosed sites from Iran.
He added, “This means that the contentious issues between Iran and the agency have been resolved, and any US-Iranian agreement would lead to an increase in Iranian oil production and exports between half a million and one million barrels per day, which would result in a decrease in global oil prices that would negatively affect oil revenues in Iran.” OPEC countries, including Iraq.
He continued, "But on the other hand, if this agreement leads to the abolition of restrictions on bank transfers in dollars to Iran, this will lead to a significant improvement in the exchange rate of the dinar against the dollar, and the parallel exchange rate will come very close to the official rate as a result of the shift in the payment of Iranian merchants' dues from cash dollars to remittances." Banking, and it may also result in an increase in Iranian gas releases to Iraq, as the agreement will lead to the possibility of paying Iran's debts to Iraq in dollars.
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