News, Rumors and Opinions Sunday Night 6-20-2021
KTFA:
Samson: Iraq announces the death of its foreign debt
20th June, 2021
Mazhar Muhammad Salih, financial advisor to Iraqi Prime Minister Mustafa Al-Kazemi, confirmed today, Sunday, that Iraq's foreign debt has become "almost dead with the passage of time."
Saleh said, "Iraq's foreign debts are to 8 countries, four Gulf Arab countries, namely the UAE, Qatar, Saudi Arabia and Kuwait, in addition to Egypt, Turkey and two foreign countries, and matters to my knowledge have been suspended since 2004, the date of the signing of the Paris Club Agreement."
He continued, "The trend is towards writing them off 100 percent, and they are almost dead with the passage of time, especially since some of them are incorrectly documented and completely unknown." He added, "In all cases, these debts are hateful debts, as they financed wars and bloody conflicts during the eighties war and did not serve development and progress in Iraq."
Saleh had confirmed in previous statements to him that Iraq succeeded in 2004 in writing off about 100 billion US dollars of its debts against the background of signing the Paris Club agreement, describing the agreement as "standard" to resolve the sovereign debts owed by Iraq to 65 countries, including 19 countries within the Paris Club. and 46 countries outside it.
The Paris Club is an unofficial institution that represents the gathering of creditors from the rich countries in the world. It was established in 1956 as a result of the talks that took place in Paris between the Argentine government and its creditors.
The club undertakes the task of restructuring the sovereign debts of countries, easing the burdens of some debts, or even canceling some of them. LINK
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Samson: Iraq expects oil prices to rise to $80 a barrel
20th June, 2021
Ministry of Oil expected, on Sunday, that prices would rise to $80 a barrel.
Ministry spokesman Assem Jihad said in a televised statement: "We are optimistic about the rise in prices, but we are counting on their stability," expecting that "prices will exceed $70 and reach $80 a barrel."
He added that "oil pricing is monthly, not daily, through a joint committee headed by the Minister of Oil," noting that "our goal is to export oil to all global markets in America, Asia, Europe and Asia." LINK
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Courtesy of Dinar Guru
Frank26 The U.S. Treasury directly told the CBI, 'Raise the value of your currency'...we have articles - IMF telling the CBI, 'Raise the value of your currency' directly. I mean directly the World Bank tells the CBI, 'Do it. Do it. You're sovereign. Raise the value.'...Look at all of those that are telling them to raise the value of their currency beside you.
Pimpy We haven't had any kind of disruptions recently. No civil unrest. No protests. No missiles. No terrorist attacks. No Iran being bullies. It looks like foreign companies are coming in to do business. Looking real good. And the dinar is going in the right direction.
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