The United States refuses to postpone dollar conversion restrictions due to Iranian provocations

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[size=52]The United States refuses to postpone dollar conversion restrictions due to Iranian provocations[/size]

[size=45]– Al-Sudani admits to smuggling the green currency and sending a high-ranking delegation to Washington next week[/size]
[size=45]New procedures for granting “Bangladesh” and one million foreign workers hard currency[/size]
[size=45]Baghdad / Tamim Al-Hassan[/size]
[size=45]It is likely that Iraq will not be able to postpone the US conditions imposed on dollar transfers abroad at a time when the Prime Minister admitted for the first time that smuggling operations took place abroad.[/size]
[size=45]It is assumed that a high-ranking Iraqi delegation will visit Washington next week to discuss the dollar crisis, while the new administration of the Central Bank has begun to put in place measures to control the escalation of the exchange rate.[/size]
[size=45]One of the most prominent new measures of the Central Bank is to grant nearly a million foreigners working in Iraq dollars, in addition to simplifying the requirements for obtaining hard currency.[/size]
[size=45]Yesterday, the Central Bank's dollar sales rose to more than $100 million, while sales in recent days had recorded less than $25 million per day, compared to more than $200 million per day last year.[/size]
[size=45]In this regard, an informed political source says in an interview with (Al-Mada) that: “The United States of America is determined to stop smuggling dollars and may not be satisfied with a one-day delay in applying the conditions it imposed.”[/size]
[size=45]The US Federal Bank began more than a month ago by establishing an electronic platform within the Central Bank of Iraq to monitor foreign transfers and audit import bills.[/size]
[size=45]According to the source, who asked not to be named, that “despite the application of the platform and the entry of about 20 private banks out of more than 80 banks, some banks continued smuggling operations, but the platform discovered them.”[/size]
[size=45]Iraq is trying, according to the source, to postpone work on the new platform for several months, "at least until next June."[/size]
[size=45]And he adds: “Iraq is claiming that entering the platform requires obtaining advanced equipment and training cadres on these devices, and it takes some time.”[/size]
[size=45]The source, who is familiar with monetary policy in Iraq, confirms that "the US instructions are not related to Iraq only, but rather to trying to punish Tehran, the biggest beneficiary of currency smuggling."[/size]
[size=45]And he continues: “Therefore, America is not ready to disrupt the work of the new system, even for one day, especially since Iran’s activities are expanding within the anti-American axis by helping Russia with drones and developing them.”[/size]
[size=45]It is likely that currency smuggling takes place daily through a network of local brokers who buy dollars in any form and at any price.[/size]
[size=45]Small buyers benefit from the official currency difference sold by the Central Bank and its rates on the black market, achieving 170 million dinars for every million dollars.[/size]
[size=45]On Wednesday, the price of the dollar in the market reached 1,680 dinars, while its official price was still the same at 1,470 dinars.[/size]
[size=45]The day before yesterday, Prime Minister Mohammed al-Sudani admitted for the first time to smuggling dollars abroad, while calling on citizens to acquire dinars.[/size]
[size=45]Al-Sudani said in an interview on state television that: “Smuggling (meaning the dollar) was done through forged bills, and the money was being smuggled out and smuggled, and this is a reality, otherwise what would we have imported for $300 million a day?”[/size]
[size=45]According to the Prime Minister, the smuggling operations were detected through the application of the Swift system, as the Central Bank of Iraq used to sell merchants quantities of green currency that are many times more than what they sell them today, and yet none of the goods were lost in the markets.[/size]
[size=45]The prime minister confirmed that his government had organized "specialized security teams" to detect smugglers and seize smuggled funds.[/size]
[size=45]Al-Sudani said, "The financial situation in Iraq today is in its best condition, because merchants and businessmen are accustomed to correct and legitimate trade."[/size]
[size=45]And he added, “I reassure the citizens and invite them not to acquire dollars, and the dinar is stronger. We will return the dollar to its official price and save it, and we will accustom merchants and businessmen to legitimate trade.”[/size]
[size=45]The Prime Minister confirmed that Foreign Minister Fuad Hussein and the new governor of the Central Bank will join the delegation that will go to Washington on February 7 to discuss the mechanism of the exchange rate and its fluctuations.[/size]
[size=45]On the other hand, leaks from deputies talking about an initial meeting between the Central Bank of Iraq and the US Federal Reserve will take place today in Turkey.[/size]
[size=45]Over the past two months, the Iraqi dinar has lost more than 10% of its value against the dollar, prompting protesters to organize demonstrations last week in front of the Central Bank in Baghdad.[/size]
[size=45]According to an Iranian website, he confirmed that he had obtained exclusive information from a member of the Quds Force of the Iranian Revolutionary Guard, who smuggled millions of dollars from Iraq to the Guard's accounts in Iran in cooperation with the Iranian embassy in Baghdad.[/size]
[size=45]According to information obtained by “Iran International”, Muhammad Tajan Jari, financial director of Unit 400 of the Quds Force of the Iranian Revolutionary Guard, deposits the required amount in the account of this unit at the “Martyr Agha Babaei” branch of Ansar Bank, on the Basij Highway in Tehran.[/size]
[size=45]In Iraq, this network is run by Mahmoud Hosnizadeh, a veteran of the Quds Force, with the assistance of two Iraqi citizens, Maytham Hamza Qassem Darraji and Maytham Sadeghi.[/size]
[size=45]The field arm of Tjan Jari in Iraq is Mustafa Pak Batin, an employee of the Iranian embassy and a member of the Quds Force, who receives dollars from exchange offices in Iraq after issuing a certificate of deposit in Tehran.[/size]
[size=45]A document depositing funds for the account of Hossein Asineh, a commercial operative linked to the Quds Force, obtained by Iran International, showing a summary of the IRGC’s money laundering in Iraq, which led to the depletion of the capital of the Iraqi market.[/size]
[size=45]On the other hand, the new administration in the central bank began to put in place procedures in an attempt to control the collapse of the Iraqi dinar against the dollar.[/size]
[size=45]Jamal Cougar, a member of the Finance Committee in Parliament, said in an interview with (Al-Mada) that “the central bank will take two measures: reducing the requirements for obtaining dollars, and expanding those covered by obtaining hard currency.”[/size]
[size=45]And Cougar indicated that "the bank will reduce the long and routine procedures required of merchants and investors to obtain dollars, which are very complex forms and information that are not directly related to obtaining the currency."[/size]
[size=45]As for the expansion, a member of the Finance Committee confirmed that the Central Bank, whose new president, Ali Al-Alaq, visited the parliament the day before yesterday: “will grant the dollar to workers in the oil and agricultural sectors, and perhaps even workers in the field of housing.”[/size]
[size=45]He added, "There is a plan to give dollars to foreigners working in Iraq, such as Bangladesh, whose number is estimated at one million people, and they get their wages in Iraqi and then transfer them to their countries in dollars, so the bank will give them hard currency directly."[/size]
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