Tishwash: A huge batch of money will cover Iraq: the deficit disappears completely and 12 trillion dinars are surplus .. What does it mean for oil to cross the $ 70 barrier?
Iraqi optimism and reassurance continues with greater financial prosperity this year, with the continued rise in oil prices, which today broke the $ 71 strongly, for the first time in more than a year.
As oil prices jumped, today, Monday, to reach the highest level in more than a year, to surpass the price of futures contracts for Brent crude $ 71 per barrel, for the first time since January 8, 2020, while trading data indicated an increase in May futures contracts for North Sea oil mixture brand Brent rose 2.32 percent to $ 71.15 a barrel.
How much height will it add?
According to government statements and SOMO statistics, Iraq issues about 3.5 million barrels per day, while the 2021 budget calculated the price of a barrel at $ 45 and calculated on the basis of the revenues and the deficit, which decreased to only 25 trillion.
With the arrival of oil prices above the $ 71 mark, the price difference between what is specified in the budget and the prices reached today is more than $ 25.
According to calculations made by the “Yes Iraq” platform, this price surplus will add about $ 25 billion this year, and with the difference in the new exchange rate, it will enter the treasury about 37 trillion Iraqi dinars, at a time when the deficit is only 25 trillion, which means that it will flood as well. About 12 trillion Iraqi dinars during the year 2021, if oil prices stabilized above the $ 70 barrier.
Will the prices continue to be high?
Mazhar Muhammad Salih, the economic advisor to the prime minister, points out that the continuation of oil prices at the $ 70 per barrel barrier will dispense with borrowing.
Saleh said, “The global economic crisis is towards easing after the rise and recovery of global oil prices, reaching the $ 70 barrier.”
He added, “The deficit has shrunk and it is possible to dispense with borrowing if the price of a barrel of oil continues towards the current price,” noting that “the global oil surplus has ended and OPEC is looking to increase production for all exporting countries and urges them to do so.”
Saleh explained that “the disappearance of 10% of the global oil surplus dispels fears of a return to low oil prices, which means that the budget reaches the equilibrium stage.” link
Tishwash: Oil prices exceed $ 71
Oil prices jumped, today, Monday, to reach the highest level in more than a year, after a stronger than expected job report in the United States and OPEC and its allies’ decision not to increase supplies in April, as it coincides with the attacks on Saudi oil facilities.
The price of Brent crude futures exceeded the level of $ 71 per barrel, for the first time since January 8, 2020.
Trading data indicated that May Brent oil mixtures rose by 2.32 percent to reach $ 71.15 a barrel.
West Texas Intermediate crude oil in April futures rose 2.57 percent to $ 67.81 a barrel.
Earlier, trading data showed that the price of Brent crude rose to surpass the level of $ 70 a barrel. link
Tishwash: Deputy: two subjects. If the blocks had agreed upon them, the budget would have been passed in one session
Saeb Khadr, a member of the House of Representatives for the Yazidi component, confirmed today, Sunday, that only two articles in the budget, if agreed upon by the political blocs, the budget will pass in one session, considering that the problems with Kurdistan have become a “chronic disease.”
Khadr said in a statement to “Tigris”, that “Parliament has finished all budget items through the parliamentary finances and sent them to the Presidency of the Council of Representatives for inclusion in the upcoming sessions . ”
He added, “The Presidency of the House of Representatives, in turn, is waiting for a meeting of the heads of political blocs in order to agree on the tenth and eleventh articles on Kurdish oil, and in the event of agreement on them, the council will pass the budget within one day .
Khadr considered that “the problem with the Kurdistan region has become chronic and must be solved by political means through continuous meetings and with an open agreement . link
Tishwash: A statement regarding the return of the dollar exchange rate to what it was
The representative of the National Approach bloc, Hussein Al-Aqabi, demanded, on Saturday, to restore the exchange rate of the dollar to what it was previously, calling on the House of Representatives to assume its responsibility and work to correct the equation and reject government decisions that did not take into account the harm and injustice to the simple citizen.
Al-Aqabi said, in a statement today (March 6, 2021), that “with the rise in crude oil prices and the growth of oil revenues, Minister of Finance Ali Abdul Amir Allawi is still insisting on raising the price of the dollar and restricting Iraqi citizens, especially those with limited income, with completely rejected justifications.”
He added, “We have followed with great astonishment the minister’s statements regarding the impossibility of changing the dollar’s exchange rate because it is a reasonable price, and that the decision was taken in consultation with the Central Bank, the International Monetary Fund and the political blocs, and that the markets have accepted it and the government will work to compensate the contractors who are affected by it !!”
He continued, “We do not know whether the Minister of Finance lives in Iraq or in another country, and he is not aware of the extent of the damage that the Iraqi citizen suffered as a result of this ill-considered decision that led to an insane increase in the prices of consumer goods – even locally produced – by more than 30%. , Which added another burden on the shoulders of the Iraqi family, and formed a great pressure on the living situation of the simple citizen and caused a clear confusion in the market . ”
He explained, “The Iraqi economy is mortgaged by the dictates of the International Monetary Fund and the effective response of the political blocs to these dictations represents a dangerous turning point that affects the country’s future and puts its capabilities and wealth in the hands of foreign decisions that are the last thing the interests of the country and its people think about.”
He continued, “From here we demand and renew our previous demand to restore the exchange rate of the dollar to what it was previously, and we confirm that the legislative authority is the final word in all issues related to matters of conducting financial matters through legal legislation inside the parliament, and despite the rise of the dollar exchange rate. It came by a decision from the Central Bank and with governmental and external influence, but it is possible to correct the decision by the legislative authority, even if it is necessary to amend the Central Bank Law .
He explained, “The House of Representatives is required to assume its moral and constitutional responsibility in this direction and work to correct the equation and look at the extent of injustice and damage to the simple citizen, returning the price of the dollar to the old price and rejecting government decisions that did not take into account the damage and injustice to the simple citizen as it dealt with great care with contractors.” Affected by this decision. ”
He went on to say, “We also reiterate our appeal to the public prosecution to strive to hold government agencies accountable, which caused the waste of nearly a trillion dinars of public money during the period that accompanied the decision to change the dollar exchange rate and the major theft and manipulation of the capabilities of the people by the executive authorities and parasitic banks.” It is accused of being linked to the same political blocs that adopted the decision and supported it. link
Shybaby: “IRAQ and the BIBLE”
Very interesting, Heart Touching and Educating.
*DID YOU KNOW THAT?*
*1.* The garden of Eden was in Iraq.
*2.* Mesopotamia which is now Iraq was the cradle of civilization!
*3.* Noah built the ark in Iraq.
*4.* The Tower of Babel was in Iraq.
*5.* Abraham was from Ur, which is in Southern Iraq!
*6.* Isaac’s wife Rebekah is from Nahor which is in Iraq.
*7.* Jacob met Rachel in Iraq.
*8.* Jonah preached in Nineveh, which is in Iraq.
*9.* Assyria which is in Iraq conquered the ten tribes of Israel.
*10.* Amos cried out in Iraq!
*11.* Babylon which is in Iraq destroyed Jerusalem.
*12.* Daniel was in the lion’s den in Iraq!
*13.* The 3 Hebrew children were in the fire in Iraq.
*14.* Belshazzar, the King of Babylon saw the “writing on the wall” in Iraq.
*15.* Nebuchadnezzar, King of Babylon, carried the Jews captive into Iraq.
*16.* Ezekiel preached in Iraq.
*17.* The wise men were from Iraq.
*18.* Peter preached in Iraq.
*19.* The “Empire of Man” described in Revelation is called Babylon which was a city in Iraq!
*AND, DID YOU ALSO KNOW THAT?*
Israel is the nation most often mentioned in the Bible. But do you know which nation is second? It is Iraq! However, that is not the name that is used in the Bible. The names used in the Bible are Babylon, Chaldean, Land of Shinar, and Mesopotamia.
The word Mesopotamia means between the two rivers, more exactly between the Tigris and Euphrates Rivers. The name Iraq, means country with deep roots. Indeed Iraq is a country with deep roots and is a very significant country in the Bible. Here’s why:
*Eden was in Iraq-Genesis 2:10-14
*Adam & Eve were created in Iraq-Genesis 2:7-8
*Satan made his first recorded appearance in Iraq-Genesis 3:1-6
*Nimrod established Babylon & Tower of Babel was built in Iraq-Genesis 10:8-97; 11:1-4
*The confusion of the languages took place in Iraq-Genesis 11:5-11
*Abraham came from a city in Iraq-Genesis 11:31; Acts 7:2-4
*Isaac’s bride came from Iraq-Genesis 24:3-4; 10
*Jacob spent 20 years in Iraq-Genesis 27:42-45; 31:38
*The first world Empire was in Iraq-Daniel 1:1-2;2:36-38
*The greatest revival in history was in a city in Iraq-Jonah 3
*The events of the book of Esther took place in Iraq-Esther
*The book of Nahum was a prophecy against a city in Iraq-Nahum
*The book or Revelation has prophecies against Babylon, which was the old name for the nation of Iraq-Revelation 17 &18
No other nation, except Israel, that has more history and prophecy associated to it than Iraq.
*HAVE YOU LEARNT SOMETHING???*
Thank The Bible Researchers!!!
*PLS SHARE TO EDUCATE OTHERS*
NOTE: Simply sharing as is… as was sent to me .