Iraq supports OPEC’s approach to selling oil in foreign currencies instead of dollars
Iraq supports OPEC’s approach to selling oil in foreign currencies instead of dollars
4-26-2023
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.”
almaalomah.me
You can thank the Biden admin for ALL this BS!