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Iraq supports OPEC's approach to selling oil in foreign currencies instead of dollars
April 26 13:28 1 shares
Information / Baghdad..
The leader of the State of Law Coalition, Jassem Muhammad Jaafar, confirmed
Iraq's intention to support OPEC's plans regarding selling oil without dealing in dollars, indicating that
this step will support the economies of all oil-exporting countries.
Jaafar said, in a statement to Al-Maalouma, that
"OPEC countries are currently heading not to deal in US dollars in oil transactions, and that dealings will take place in any local currency." He added,
"The international trend to refrain from buying and selling oil in dollars will increase the strength of the oil-exporting countries
and put the American weakness to the test." And he pointed out that
"after revealing this trend, the exchange of the US dollar has declined significantly and
will cause a great loss for America," noting that
"depositing the sums in the American bank for oil sales money is no longer a condition." Ended / 25 m
https://almaalomah.me/news/economy/العراق-يدعم-توجه-أوبك-بشأن-بيع-النفط-بالعملات-الأجنبية-بدل-ا
April 26 13:28 1 shares
Information / Baghdad..
The leader of the State of Law Coalition, Jassem Muhammad Jaafar, confirmed
Iraq's intention to support OPEC's plans regarding selling oil without dealing in dollars, indicating that
this step will support the economies of all oil-exporting countries.
Jaafar said, in a statement to Al-Maalouma, that
"OPEC countries are currently heading not to deal in US dollars in oil transactions, and that dealings will take place in any local currency." He added,
"The international trend to refrain from buying and selling oil in dollars will increase the strength of the oil-exporting countries
and put the American weakness to the test." And he pointed out that
"after revealing this trend, the exchange of the US dollar has declined significantly and
will cause a great loss for America," noting that
"depositing the sums in the American bank for oil sales money is no longer a condition." Ended / 25 m
https://almaalomah.me/news/economy/العراق-يدعم-توجه-أوبك-بشأن-بيع-النفط-بالعملات-الأجنبية-بدل-ا
