Category: Dinar Daddy

Iraq’s oil exports amounting to 2.94 million barrels per day

BAGHDAD – and babysit – a spokesman for the Iraqi Oil Ministry said on Friday that “the average country’s crude exports in December totaled 2.94 million barrels per day, its highest level since 1980″.

Industry officials said that “the country’s exports from the southern ports hit a record high of 2.76 million barrels per day.”

A spokesman for the Ministry of Oil, “Reuters,” and seen “public opinion” it, “The average selling price in December was $ 57 a barrel, while revenue amounted to 5.247 billion dollars.”

“The full-year revenues of $ 84,215 billion dollars.”

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Freeway Bill says to relax.

Freeway Bill Well, we thought we would have reached our destination by now but we have not, or have we? I know we have not been paid for our exchange yet, but that does not mean that we are not there yet. The US is not in charge of this at this time, nor have they been for a long time. The Iraqi news will not tell you when it is going to happen. You just have to trust that the real power is in the hands of people that were designated to carry this through a long time ago and they are doing their job… I can tell you that NOBODY has been paid regardless of what you have heard or read…try to relax knowing that the end of this is near.

 

Iraq in 2015 …

The year just gone by has been a exceptionally difficult one for Iraq, as it attempts to tackle the misery being spread by the so-called Islamic State (IS, ISIS, ISIL), while at the same time managing the effects of a dramatic fall in the price of oil.
But without diminishing the enormity of these challenges, let’s not forget that 2014 also saw the successful exercise of democracy in the country with a general election, and the first stage of a resolution to the oil export dispute between Baghdad and Erbil.
As we start into 2015, the new government of Dr Haider Al-Abadi enjoys the goodwill of the international community, much of which is providing essential military and humanitarian assistance.

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Kaperoni says there is no RV.

Kaperoni There is no RV…the budget has no bearing or anything to do with any currency change. I stated years ago the budgets are based on Dollars and they remain so. So if you want to look for the budget for some mythical RV, your fooling yourself. The budget will be passed…and based on what they have accomplished, it is reasonable to expect it to be ratified by end of month (January) as stated. That being said..everyone needs to focus on what is really more important and that is the many laws that sit idle that need to be passed. Including banking laws!

 

Tamimi: reduced 86 billion dinars from the budget

Revealed in a parliamentary finance committee member for reducing 86 billion dinars allocated for the presidency in the fiscal budget for 2014 expenses. Said committee member Majda al-Tamimi told all of Iraq [where] that “balancing the presidency was 103 billion dinars there and became the reduction by the five-member committee which was formed under the chairmanship of Minister to 17 billion dinars, and after we receive the general budget will also reducing this one more time expenses after checking the paragraphs” . It added that “this reduction will be not only in the presidency of the presidency, but every parliamentary committee will call the minister landscapes have to reduce the expenses of the ministries.” Tamimi pointed out that “the last meeting with the presidency and advisers to clarify the flaws expenses presidency was they were helpful and stressed their willingness to reduce the amount we have in this reduction and Snkhvdah again.” She said, “We hope that these reductions cover the deficit and to prevent any damage to the citizen,” pointing out that “the Finance Committee will meet next Saturday in which every member will present his report on the budget, especially since there are high amounts of details in the ministries allocations.”
The Al-Tamimi, revealed last Thursday about the existence of the amount in the budget for fiscal 2015, a $ 30 billion dinars allocated for the salaries and allowances and wages office of Vice President of the Republic protection, and the amount of two billion dedicated dinars for the development of office of Vice President of the Republic and the amount of 23 billion dinars for the furnishing and equipping of the two offices, “noting that” officials there do not stay in Iraq more than 5 days in a month, and spend 25 days off. ”

The Presidency of the Republic, held in January 24 last meeting with al-Tamimi, to discuss what was raised from the circumstances around the presidential expenditure allocations in the budget, said the official spokesman for the Presidency of the Republic Khalid Huani in a presidential statement that he “has been removed some circumstances and dilemmas in the budgets of the Vice President and I talked about Media, where he was a minor at the budgets and submit them to the House of Representatives for the purpose of adoption “.anthy 2

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U.K. Mortgage Approvals 59.03K vs. 58.53K forecast

Investing.com – U.K. mortgage approvals rose more-than-expected last month, official data showed on Friday.

In a report, Bank of England said that U.K. Mortgage Approvals rose to a seasonally adjusted 59.03K, from 59.51K in the preceding month whose figure was revised up from 59.43K.

Analysts had expected U.K. Mortgage Approvals to rise 58.53K lInvesting.com
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Dollar kicks off new year at 9-year highs vs. rivals

Investing.com –

Investing.com – The dollar was trading near fresh nine-year highs against the other major currencies on Friday, as expectations for a U.S. rate hike in the near future continued to lend broad support to the greenback, while political tensions in Greece dampened market sentiment.

The dollar remained broadly supported as a recent string of upbeat U.S. data sparked optimism over the strength of the country’s economic recovery and added to expectations for the Federal Reserve to soon raise interest rates.

Investors continued to focus on developments in Greece, where parliament was formally dissolved on Wednesday after Prime Minister Antonis Samaras failed earlier in the week to persuade lawmakers to back his candidate for head of state, casting the country’s international bailout into doubt.

Parliamentary elections were set for January 25, almost 18 months before the current coalition’s term was due to end.

The U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.36% to 90.97, the highest level since December 2005.

EUR/USD hit four-and-a-half year lows of 1.2035 before pulling back to 1.2060, down 0.38% for the day.

Research group Markit earlier said that the euro zone’s manufacturing purchasing managers’ index fell to 50.6 in December from 50.8 in November. Analysts had expected the index to remain unchanged this month.

Germany’s manufacturing PMI remained unchanged at 51.2 this month, in line with expectations, while France’s manufacturing PMI hit 47.5 in December, down from 47.9 the previous month and confounding expectations for an unchanged reading.

Also Friday, European Central Bank President Mario Draghi said the risk of deflation in the euro zone cannot be excluded, signaling the possibility of large-scale quantitative easing measures.

The pound slid near 17-month lows against the dollar, with GBP/USD down 0.59% to 1.5486.

Markit earlier reported that the U.K. manufacturing PMI slipped to 52.5 this month from a reading of 53.5 in November. Analysts had expected the index to rise to 53.6 in December.

A separate report showed that U.K. mortgage approvals rose by 59,030 in November, beating expectations for an increase of 58,530. October’s figure was revised to a 59,510 gain from a previously estimated 59,430 rise.

Elsewhere, USD/JPY climbed 0.52% to 120.39, while USD/CHF gained 0.39% to 0.9971, just below a four-year peak of 0.9992 hit overnight.

The Australian dollar was still hovering near last week’s four-and-a-half year lows of 0.8084, with AUD/USD down 0.46% at 0.8142, while NZD/USD declined 0.66% to trade at 0.7748. Meanwhile, USD/CAD rose 0.34% to 1.1658.

Later in the day, the Institute for Supply Management was also to publish data on U.S. manufacturing activity.

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Forex

Investing.com –

Investing.com – The U.S. dollar was higher against the yen on Friday, as expectations for a U.S. rate hike this year continued to support the greenback and investors eyed the release of U.S. manufacturing activity data later in the day.

USD/JPY hit 120.58 during European afternoon trade, the pair’s highest since December 30; the pair subsequently consolidated at 120.55, gaining 0.66%.

The pair was likely to find support at 119.22, the low of December 31 and resistance at 121.86, the high of December 8 and a seven-year high.

The dollar remained broadly supported as a recent string of upbeat U.S. data sparked optimism over the strength of the country’s economic recovery and added to expectations for the Federal Reserve to soon raise interest rates.

Meanwhile, investors continued to focus on developments in Greece, where parliament was formally dissolved on Wednesday after Prime Minister Antonis Samaras failed earlier in the week to persuade lawmakers to back his candidate for head of state, casting the country’s international bailout into doubt.

Parliamentary elections were set for January 25, almost 18 months before the current coalition’s term was due to end.

The yen was also lower against the euro, with EUR/JPY edging up 0.19% to 145.25.

In the euro zone, research group Markit said the bloc’s manufacturing purchasing managers’ index fell to 50.6 in December from 50.8 in November. Analysts had expected the index to remain unchanged this month.

Germany’s manufacturing PMI remained unchanged at 51.2 this month, in line with expectations, while France’s manufacturing PMI hit 47.5 in December, down from 47.9 the previous month and confounding expectations for an unchanged reading.

Also Friday, European Central Bank President Mario Draghi said the risk of deflation in the euro zone cannot be excluded, signaling the possibility of large-scale quantitative easing measures.

Later in the day, the Institute for Supply Management was also to publish data on U.S. manufacturing activity.

Investing.com
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