Parliament votes to adopt the value of a barrel of oil at $70 and the exchange rate of the dollar at 1,300 dinars
Parliament votes to adopt the value of a barrel of oil at $70 and the exchange rate of the dollar at 1,300 dinars
2023-06-08 14:10
Shafaq News/ The Iraqi Parliament approved, late Thursday night, the exchange rate of the Iraqi dinar, at a value of 1,300 dinars against one dollar, with a financial revenue of $70 per barrel of oil.
According to the budget materials that the House of Representatives voted on, and which Shafaq News Agency viewed, that the federal budget for the year 2023 amounts to 134 trillion and 552 billion and 919 million and 63 thousand dinars.
And by calculating speculative revenues from exporting crude oil at a price of $70 per barrel, at an export rate of three million and 500 thousand barrels per day, including 400 thousand barrels per day of Kurdistan Region oil, based on an exchange rate for the dollar equivalent to 1,300 dinars per dollar.
shafaq.com
