Iraq Gambles On The High Price Of Oil To Get By.

[Luigi1]

Here's an article of Dinarian interests...

Will the high price of oil delay monetary reform & development of a private sector economy?

Treat as a rumor.  Not verified.  Your opine.

 

 

From Another Source:    The High Price Of Oil Will Reduce The Budget Deficit?

ARTICLE: Financial Oversight Explains:   The former director of the Office of Financial Supervision, Salah Nuri, said today, Thursday, that the benefit from the high oil price is to reduce the deficit & not resort to borrowing at a certain percentage contained in the Budget Law.  

 

Nuri said that “when the Ministry of Finance prepares the general Budget in a conservative manner, that is, estimating the revenues on the basis of the price of selling oil at the lowest expected price & with a deficit in the Budget & remembering in the Budget, if the selling price of oil increases, then the surplus is paid to reduce the deficit.”  

 

He continued, “The benefit from the rise in the oil price is to reduce the deficit & not resort to borrowing at a certain percentage contained in the Budget Law,” noting that “the percentage of budgets for the two years (2024-2025) there is no direct effect unless the rise continues when the aforementioned two years come.”  

 

He pointed out that “the government must direct the increase in oil prices towards infrastructure projects, according to its priorities included in the Budget Law.”   From...Raghad Dahham. 
 

[Luigi1]

Here's another article related to above...no urgency on Iraq & Viet Nam to RV at this time...

 

 

Kaperoni:    Weak VND.

ARTICLE:   I assure you the Dong will also remain weak since Vietnams economy has to compete with China for manufacturing contracts.

 

[Luigi1]

Here's another article related to the above...where did MZ get this information from...it's news to us all...sounds like a bunch of nonsense...This is not the way the IMF works...

 

 

MarkZ  via  PDK:     Iraq & Viet Nam Have An Agreement.

Question:   If IQD & VND have agreement...will they not float up together?  

MarkZ:   I do not expect a float.  But, I am prepared in case there is one.   I expect a substantial change in value …then maybe a small float.

 

[trvlr787]

Yeah they won't RV with oil prices high and then say they won't when those prices go lower. 

[HowieC]

2 hours ago, trvlr787 said:

Yeah they won't RV with oil prices high and then say they won't when those prices go lower. 

Exactly!    People get all pumped up when oil prices are climbing....

THEN you get this..... "Will the high price of oil delay monetary reform"   🤪

 

[WheresmyRV?]

4 hours ago, HowieC said:

Exactly!    People get all pumped up when oil prices are climbing....

THEN you get this..... "Will the high price of oil delay monetary reform"   🤪

 

Exactly!  Oil hit 150 a barrel back in 08 or 07 I think, how come Iraq didn't hit the RV button then.

[rvmydinar]

18 hours ago, WheresmyRV? said:

Oil hit 150 a barrel back in 08 or 07 I think, how come Iraq didn't hit the RV button then.

Good point. Well said.