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MilitiaMan: "To price oil in dinars is only possible with an exchange rate change" 4/13/21 I_icon_minitimeMon Jan 29, 2024 7:43 pm by kenlej

MilitiaMan: "To price oil in dinars is only possible with an exchange rate change" 4/13/21

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Post by RamblerNash Tue Apr 13, 2021 11:02 pm

MilitiaMan  

They (Parliament) are clearly stating the 2021 budget has been approved to price oil in dinars now.  The PM states the 2021 budget is financing the the Port of Faw project in the billions. To price oil in dinars is only possible with an exchange rate change, imo. Whereby, if the deletion of the zeroes is to happen, then it would make sense, as there are not enough dinars in existence to do so in dinars.  With an approximate 4 million barrels of oil a day at say $65.00 brl is upwards of 379.6 billion dinars a day... Nope not going to happen imo... Drop the 3 zeros and that can happen... And hence the projects cornerstones are being put in place today. imo.

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