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Al-Sudani: 80% of dollar transactions in Iraq occur outside the electronic platform

Rocky

Rocky: Admin Assist; Posts : 280306
Join date : 2012-12-21

Post n°1

Al-Sudani: 80% of dollar transactions in Iraq occur outside the electronic platform

by Rocky Wed 17 Apr 2024, 5:15 am

Al-Sudani: 80% of dollar transactions in Iraq occur outside the electronic platform
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-A

Baghdad today - follow-up

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday (April 17, 2024), that 80% of dollar transactions in Iraq occur outside the electronic platform.

Al-Sudani said during his participation in the activities of the 2024 Spring Meetings, that “Iraq has begun projects to invest in associated gas, and these projects will achieve self-sufficiency for Iraq in the field of electricity in 3-5 years,” noting that “Iraq burns a value of 4 to 5 billion dollars per day of gas associated with oil.” .

The Prime Minister pointed out that “the national average cost of producing a barrel of Iraqi oil is $8, while it is $26 in Iraqi Kurdistan,” adding, “This is the reason for the dispute with companies in Kurdistan . ”

He stressed that "80% of dollar transactions in Iraq occur outside the electronic platform . "

Source: CNBC Arabic

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