Grace period for renewable dollar restrictions and government: We will expand the strategic agreemen

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[size=52]Grace period for renewable dollar restrictions and government: We will expand the strategic agreement[/size]

[size=45]Baghdad / Tamim Al-Hassan[/size]
[size=45]Political circles are talking about a renewable “grace period” granted by the US Treasury to Iraq regarding the circulation of the dollar, while the government denies these reports.[/size]
[size=45]These circles refer to a series of understandings between Baghdad and Washington that resulted in postponing work on the American platform for a few months.[/size]
[size=45]Among those understandings are those related to the fate of the US forces, increasing the oil partnership, and opening new fields within what is known as the “strategic agreement” with Washington.[/size]
[size=45]It was remarkable that the central bank's sales jumped the day before yesterday, Sunday, from the dollar to more than 300 million dollars in one day, which is the most in about 3 months, before it returned yesterday to decline again.[/size]
[size=45]Informed political sources told (Al-Mada) that “the Iraqi delegation to Washington was able to obtain a 3-month deadline that can be extended before entering the Swift system (which is a global remittance system).”[/size]
[size=45]During the last grace period, the United States is supposed to monitor Iraq's commitments to control money smuggling.[/size]
[size=45]And the sources close to the coordination framework that leads the government add, "Iraq presented flexible positions regarding the oil pipeline to Aqaba, and there were previous understandings regarding stopping the bombing of the coalition forces."[/size]
[size=45]Signs of those understandings had emerged during the first call that took place more than a week ago between Prime Minister Muhammad al-Sudani and Joe Biden, the American president, in which the Jordanian King Abdullah II later participated.[/size]
[size=45]And the sources indicated that Iraq "faces two problems: smuggling the dollar and attempts to smuggle stolen Iraqi money abroad, to be used after that in money laundering operations."[/size]
[size=45]During the delegation's visit, Iraq pledged, according to the sources, to address these problems, while it will gradually enter the "Swift" system, which needs infrastructure and training.[/size]
[size=45]The sources say, "Al-Sudani wants to transfer Iraq from the US tutelage system to partnership," noting that "Washington is now working to stabilize Iraq to increase oil and economic partnership."[/size]
[size=45]Political circles had previously spoken to (Al-Mada) about the obstruction of “faction leaders” against whom sanctions were imposed by the US Treasury, easing the restrictions of the dollar.[/size]
[size=45]Also, during the meeting of the Iraqi-American delegation, documents from the US Congress were leaked warning the Washington government against dollar laundering in Iran through Iraqi leaders and senior officials in the financial system.[/size]
[size=45]In turn, Mazhar Muhammad Salih, the government's financial advisor, denies "the existence of an extension of the American procedures regarding the circulation of the dollar."[/size]
[size=45]Saleh says in an interview with (Al-Mada) that "Iraq is 100% committed to those conditions, and we have no other solution other than commitment and intensifying dialogues."[/size]
[size=45]Regarding the rise in central bank sales on Sunday, the Sudanese advisor said it was “due to the accumulation of dollar demand and banks’ improvement of their data.”[/size]
[size=45]Yesterday, the bank's sales returned to a decline, as the total internal sales and transfers amounted to more than 115 million dollars, compared to more than 305 million dollars the day before yesterday.[/size]
[size=45]Regarding the conclusion of the Iraqi delegation's meeting in Washington last week, Saleh affirms that "Baghdad will continue to reach understandings and open other aspects of the strategic framework agreement with Washington."[/size]
[size=45]The government's policy, led by the coordination framework, towards the United States was the least conservative in the past three years, according to observers' description.[/size]
[size=45]Since the government took over, operations targeting the US embassy and camps, which have recorded 120 attacks with 300 missiles in the last three years, have suddenly stopped.[/size]
[size=45]And yesterday, Muhammad al-Najjar, the government advisor for investment affairs, said that Iraq will activate “7 inactive items in the strategic agreement” with the United States.[/size]
[size=45]Al-Najjar said in a statement to state television that the delegation's recent visit to Washington "aims to lay new foundations for cooperation with the United States," noting that "one part of the strategic agreement between Iraq and the United States is activated, which is the security, intelligence and military part."[/size]
[size=45]He added, "The situation in Iraq has changed, and Prime Minister Muhammad Shia' al-Sudani sought to activate most parts of the agreement in order for it to be a new starting point for cooperation between the two countries."[/size]
[size=45]Al-Najjar indicated that the agreement with Washington is not only in the security and military aspects, but there are aspects in education, culture, trade and the introduction of "modern technology (..) through the aircraft industry, the agricultural field and food security."[/size]
[size=45]dollar armies[/size]
[size=45]Today, a week has passed since the government's decision to reduce the exchange rate of the dollar from 1450 to 1300 dinars against one dollar, while the parallel market is still selling at a difference of 20 points (number).[/size]
[size=45]Regarding the reasons for the difference, Rahim al-Darraji, a former deputy and observer of financial affairs, says that "dollar armies are collecting currency and smuggling it abroad, 5 points behind the official price."[/size]
[size=45]Al-Daraji added in an interview with (Al-Mada) that “there are dinars sent to Iraq to buy dollars for the purpose of smuggling them at any price, and exchange companies do not care about them even if the price of the dollar reaches 2000 dinars as long as their commission is guaranteed.”[/size]
[size=45]Al-Darraji, a former member of the Parliamentary Integrity Committee, points out that reducing the difference in the price of the dollar between the official and the black market “will not stop because of smuggling, which causes a scarcity in supply in exchange for an expansion in demand.”[/size]
[size=45]The former deputy called for increasing the work of intelligence and economic security in the pursuit of smugglers and speculators in hard currency.[/size]
[size=45]Yesterday, the National Security Service announced that it had arrested in Baghdad what it described as “the largest currency smuggler” abroad.[/size]
[size=45]A statement by the agency stated that a force in Baghdad "arrested the so-called (Rami Hassan Nasser), who is accused of smuggling currency out of Iraq."[/size]
[size=45]According to leaks, the accused was born in 1993, while it is likely that his father works in the field of investment.[/size]
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