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Samson: Once Again, Oil Prices Have Risen In Global Markets

25th February, 2022

Oil prices jumped nearly 3% on Friday as Russia’s invasion of Ukraine stoked global supply fears as markets brace for the potential impact of trade sanctions on crude-exporting Russia.

Global benchmark Brent crude rose $2.72, or 2.75%, to $101.80 a barrel around 0347 GMT on Friday, after climbing to a high of $101.87. US West Texas Intermediate (WTI) crude touched a high of $95.64, and it last rose $2.70, or 2.9%, to $95.51 a barrel. The attack on Ukraine sent prices above $100 a barrel for the first time since 2014 on Thursday, with Brent crude hitting $105, before paring gains as trade closed.

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Central Bank: The dollar exchange rate is stable and there are no intentions to change it LINK

Salamon69: Hmmmmm. CBI Website just came back up online with a new article saying that they have no intention of changing the exchange rate.

Isn’t that what Kuwait did days before they did change the exchange rate ?

Seems we should look what they do and not what they say ! Interesting what Frank and his team will have to say about this.

We must be CLOSE

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DoTalkToMe: Imo Viet Nam has been doing well for decades. Viet Nam deserves to have a higher value in their currency. All boats rise with the tide. Perhaps VND WILL RISE, and surprise. Counting on it to do well. Imo

Samson: Vietnam new Asian tiger: Business Times

15th February, 2022

Việt Nam is expected to accelerate its economic recovery from the pandemic this year after having recorded a 2.6 per cent increase in gross domestic product (GDP) in 2021, Singapore’s Business Times reported.

Once among the poorest countries in the world, its economy is now booming and the World Bank describes it as one of the most dynamic and emerging countries in the entire East Asia region, Business Times said in an article published last week, calling Việt Nam a “new Asian tiger.”

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Samson: After the unexpected position of the Minister of Finance, an economist expects different scenarios for the dollar crisis

19th February, 2022

Today, Saturday, the economic expert, Nabil Al-Marsoumi, said that people should dispense with their “dollar” savings and transfer them to the Iraqi dinar.

Al-Marsoumi said in a clarification followed by NRT Arabia, “It is expected that after the unexpected response from the Minister of Finance and the accompanying turmoil in the currency market, most people will give up their dollar savings and convert them to the Iraqi dinar.”

He explained that “in light of the lack of confidence in the Iraqi banking system, the demand for land, real estate and gold is expected to rise because they are a store of value, which will lead to an increase in their prices or people hoarding some of their savings in Iraqi dinars, in addition to the expectation that the Central Bank of Iraq’s sales will decline in the coming days due to the increase in the dollar supply.” in the local market.”

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Samson: Economist: The Decision To Reduce The Dollar Exchange Rate Is In The Hands Of The Central Bank Only

17th February, 2022

The economic expert, Hammam Al-Shamaa, confirmed today, Thursday, that the decision to reduce the dollar exchange rate is exclusively in the hands of the Central Bank of Iraq according to the law, and no one is allowed to act on it.

Al-Shammaa said in an interview with Earth News, “The decision to reduce the dollar exchange rate in the local markets is exclusively in the hands of the Central Bank of Iraq, according to the law, and no one may act on it without a decision from the bank.”

He added, “On the other hand, the tweet of the leader of the Sadrist movement, Muqtada al-Sadr, does not mean a return to the old price, as it is not permissible to reduce the exchange rate at the expense of the poor, as exchange rates must maintain their balance so that everyone maintains their standard of living without being hurt by the rise or decline.”

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Al-Bajari: Al-Kazemi Is Obligated To Implement The Federal Decision Immediately

17th February, 2022

The Former Oil and Energy Committee, Representative Zahra Al-Bajari, confirmed on Thursday that the caretaker prime minister cannot disavow the implementation of the federal decision regarding Kurdistan oil, indicating that the region sold its oil for 15 years without Baghdad.

Al-Bajari said in a televised interview, which was followed by “The Information”, that “the regional government has established the oil and gas law since 2007, as if the matter concerns it alone, and that the region is still receiving its share of the budget even after it has not handed over oil revenues to Baghdad.”

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Samson: Three Countries Embrace $360 Billion Of Iraq’s Stolen Money

16th February, 2022

Former Anti-Corruption Council member Saeed Yassin revealed, on Wednesday, the amount of money stolen from Iraq as a result of corrupt deals, indicating that the total amount is estimated at about 360 billion dollars and deposited in Turkey, the UAE and Jordan.

Yassin said in a televised interview, followed by “The Information”, that “the sums that were stolen from Iraq as a result of corrupt political deals are estimated at 360 billion dollars, and that money laundering and terrorist financing are at the fore in the corruption files.”

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Samson: Criticism Of The Government And Assurances That The Budget Will Not Be Passed Without Adjusting The Dollar Exchange Rate

15th February, 2022

Political parties criticized the government’s financial performance and the failure to carry out reforms that serve the people, stressing that the next budget will not be voted on without changing the dollar exchange rate.

A member of the Al-Fateh Alliance, Mahmoud Al-Hayani, told Al-Maalouma, “The rise in oil prices came to serve and benefit the government, and the people did not get anything from it, especially since the general citizens suffer from the high cost of living in light of the high prices as a result of the decision to increase the value of the dollar against the dinar.”