From what I’m seeing in the articles and various post. China signed a deal for 40% of Iraq oil them. To me, the article seemed to have “haste” to it because the news broke on Thursday, just before the news of the US/Baghdad meetings were to start on Friday
Even in the meetings, they affirmed was intended all along, to keep some of our troops in Iraq as advisors. (In other words, we are Iraq’s big bad against the nasty guys)
Also read, from Tish’s articles, of the number of assurances the US will provide for Iraq as well as increase opportunity of other companies to come and invest in Iraq. OR reaffirms the deals we read about last summer and now,,,all of a sudden, to open the doors wide open
The hasty China Deal, also was,,,lets get this done since your about to change the rate.
With all the groups Iraq paid in the past, retirees since 2019, people with their rate increase on their card for certain things, and the week before last, Kurdistan received the first money for oil so they can pay their people AND so all will have their money and the CBI will push the button to turn on the new rate, or drop the 3 zeros, and prevent a rush to the banks
With the meetings ending on Monday, believe a lot of the issues covered so we can now, finally expect them to turn on the rate,,,,,the fire hydrant of wealth,, that will affect the whole world
We are really in a great position to see this.
You know yada .. they could have changed the rate before the meeting with Biden. Iraq would have some strength and clout financially during the negotiations
The many central banks will see this as a plus since everyone’s values will be affected via the forex but WE, the dinarians, will gleam the field of exchange and personally be increased
I guess we will find out next week maybe or in August . I think everyone is just ready to be done
jwill, I agree,,especially since the EID holiday was changed from May to now. The Iraqis were expecting it as well…But,,the implementation of the White Papers has already been engaged….Everyone knows what is coming their way and ready to move
That’s good. Next week will be filled with lots of information.
Iraq bypasses Saudi Arabia and makes a big leap in its oil exports to America
The US Energy Information Administration announced on Saturday that Iraqi oil exports to America rose to 480,000 barrels per day during the past week, surpassing Saudi Arabia.
The administration said in a report seen by Shafak News Agency; The average US imports of crude oil during the past week from nine countries amounted to 6,101 thousand barrels per day, an increase of 948,000 barrels per day compared to the previous week, which amounted to 5,153 million barrels per day.
She added, “America imported crude oil from Iraq last week at a rate of 480,000 barrels per day, up by 298 thousand barrels from the previous week, which amounted to 182,000 barrels.”
She pointed out that “most of America’s oil revenues during the past week came from Canada, at a rate of 3.611 million barrels per day, followed by Mexico, whose imports amounted to 797,000 barrels per day, followed by Saudi Arabia, whose imports amounted to 359 thousand barrels per day, then Russia, with an amount of 359 thousand barrels per day.” An average of 306,000 barrels per day.
She noted that the amount of US imports from Nigeria amounted to an average of 195 thousand barrels per day, and from Ecuador amounted to 171 thousand barrels per day, followed by Colombia, which amounted to 144 thousand barrels per day, and from Brazil, which amounted to 68 thousand barrels per day. link
A deputy reveals 3 reasons that delayed the implementation of the 2021 budget
The Parliamentary Finance Committee revealed 3 reasons that led to the disruption of the implementation of the federal budget for the current year 2021.
Committee member Muhammad Al-Shabki said that “three financial, technical and political reasons led to the disruption of the implementation of the current year’s budget.”
Regarding the financial reason, he indicated that “the government went to appeal with 10 articles at the beginning of approving the budget,” noting that “according to the Financial Management Law, the article that is being challenged does not stop its implementation until the Federal Court’s decision is issued, and the government should not delay implementation. under the pretext of appeal.”
Regarding the contested articles, Al-Shabki explains that “the government stated that it is not within the parliament’s authority to propose an increase and add articles to the budget, including the issue of increasing the prices of agricultural crops for the agricultural season by more than 50 thousand, as well as an article related to the Federal Service Council, but the government approved the work With this article later, in addition to the issue of petrodollars for the gas and oil-producing governorates,” noting that “all these articles were challenged by the government.”
With regard to the second reason, Al-Shabki explains that “it is represented by the routine procedures between the governorates and the concerned ministries, such as planning and finance, which led to a delay in discussing a plan or launching funding from the Ministry of Finance.”
As for the last reason, Al-Shabki believes that it is related to “the ministries and governorates not ratifying or discussing their budgets and approving them by planning and releasing their allocations by the finance,” referring to the possibility of “deliberate” by some governorates for not approving their plan with the Ministry of Planning and thus releasing funds. And the implementation of the financial plan, due to some political problems link
Source: Dinar Recaps
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