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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Report: America asked Iraq to direct the energy sector away from Iranproposals from

    Rocky
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    Report: America asked Iraq to direct the energy sector away from Iranproposals from Empty Report: America asked Iraq to direct the energy sector away from Iranproposals from

    Post by Rocky Fri 17 Feb 2023 - 7:26

    Report: America asked Iraq to direct the energy sector away from Iran[You must be registered and logged in to see this link.]
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    Baghdad today - follow-up 
    According to press reports, on Friday, that the United States of America "pressured" the visiting Iraqi delegation to "push Baghdad towards reorienting the Iraqi energy sector away from Iran."
    The Qatari "Al-Jazeera Net" website mentioned in a report I viewed (Baghdad Today), that the questions that arise about what the Iraqi delegation, headed by Iraqi Foreign Minister Fouad Hussein, went to the United States of America, accompanied by a high-ranking delegation that included the governor of the Central Bank and many officials, are many.
    He added that the visit that the Iraqi delegation started on the ninth of February lasted for more than 6 days and was marred by a lot of ambiguity, especially since the American Middle East Institute made it clear in a report that the administration of US President Joe Biden pressured the Iraqi delegation that visited Washington to push Baghdad towards Redirecting the Iraqi energy sector away from Iran, and dealing with accusations against the Iraqi banking sector that it is helping the Iranian regime to evade Western sanctions.
    Mysterious visit
    About 3 months ago, Iraq witnessed a significant rise in the exchange rate of the dollar against the Iraqi dinar in the parallel markets, which prompted the Iraqi government to officially reduce the exchange rate of the dollar from 1460 to 1310 dinars per dollar to control the economic situation and avoid popular protests, which appears to be the Iraqi government It did not fully succeed in it, especially since the exchange rate of the dollar in the parallel markets is still around 1530 dinars per dollar .
    The ambiguity of the Iraqi delegation's visit to Washington was exacerbated by the press conference held by Iraqi Foreign Minister Fuad Hussein with his American counterpart Anthony Blinken, where the two parties in Washington talked about the importance of continuing the American-Iraqi relationship at all levels without going into details.
    While the statement of the Iraqi Ministry of Foreign Affairs referred to the Iraqi minister's emphasis during the conference on the need to strengthen bilateral relations and joint coordination, as he said, "During the meeting, common views were exchanged on the most important issues related to bilateral relations, and the Iraqi foreign minister praised the United States' support for Iraq. "
    Yesterday, Wednesday, the Iraqi and American governments issued a joint statement of the US-Iraqi Higher Coordination Committee, which included a number of agreements and understandings, in which it stated that the Iraqi Foreign Minister and his American counterpart chaired a meeting of the Higher Coordination Committee, in accordance with the strategic framework agreement for the relationship of friendship and cooperation between the two countries signed in 2008. .
    The statement touched on the support provided by Washington to Baghdad with regard to the financial and banking sectors, combating money laundering, climate change, Baghdad's relationship with the Gulf countries, and electrical interconnection, without addressing the details of the talks that brought the two parties together regarding the conditions of the US Federal Reserve (US Central Bank) and the application of the SWIFT system .
    According to a report published by the American Middle East Institute, the Iraqi government was betting that Fouad Hussein and the Governor of the Central Bank of Iraq, Ali Al-Alaq, would be able to persuade the US administration to freeze or postpone the restrictions imposed by the US Federal Reserve on dollar transfers to Iraq, then the report returned and confirmed that Washington had not No promises are made in this regard.
    behind the scenes
    It seems that the Iraqi delegation was unable to persuade the United States to stop the electronic platform of the Central Bank of Iraq or to postpone its work, according to what was revealed by the head of the Center for Political Thinking, Ihsan Al-Shammari.
    Al-Shammari added that the United States informed the Iraqi delegation that it is ready to cooperate with Baghdad regarding the mechanisms of implementing the electronic platform and delivering the dollar to Iraq according to documents proving the end user of the American currency, in line with the “Swift” system, in addition to the need for the Iraqi government not to contribute to handing over the dollar to the Iraqis subject to it. to US sanctions .
    The Iraqi-American talks did not stop at this point, according to Al-Shammari, who said that Washington discussed with the Iraqi delegation many issues related to the strategic framework agreement, and stressed the need to remove tension between Baghdad and the Kurdistan region and settle the oil and gas files between them, attributing the reason for the long stay of the delegation Iraqi in Washington for the thorny files that have been discussed .
    It is clear from the ambiguity that accompanied the Iraqi delegation's visit to Washington that there are recommendations for the Iraqi delegation to follow what is described as "media silence" and not to reveal the scenes of what was discussed behind closed doors, according to political researcher Raad Hashem .
    Hashem explained that the Iraqi delegation discussed the economic and financial situation with regard to the dollar and the understandings with the US Treasury and the US Federal Reserve, explaining that "there may be a very specific deadline, not exceeding 3 months, for Iraq in order to prevent the smuggling of dollars to Iran, Syria, Lebanon and Russia, in exchange for Facilitating the supply of dollars to Iraq, while maintaining the work of the electronic platform and the Swift system, without returning to the old system in the currency auction at all.
    American complacency
    In the midst of the talk about the Iraqi delegation's visit to the United States, many Iraqi circles are wondering about the extent of American satisfaction with the Iraqi government headed by Muhammad Shia'a al-Sudani, who assumed his duties at the end of last October .
    This question is answered by the researcher at the Roaa Institute for Studies, Ghanem Al-Abed, who explained that the United States did not give any hope to Baghdad to postpone work on the electronic platform in exchange for promises to support the Iraqi government in its relations with Jordan and the Gulf countries, indicating that this support will be according to conditions, and otherwise support will not continue. Washington to the Sudanese government, as he put it .
    As for Al-Sudani's visit to Washington, which was long talked about, Al-Abed believes - in his interview with Al-Jazeera Net - that it is not known until this moment whether Al-Sudani will visit Washington soon or not, indicating that this visit will be the criterion for knowing the extent of American satisfaction, and that knowledge of this needs For more time, which may not exceed one month only, he said.
    Iraqi opportunity
    On the other hand, Professor of Economics at the Iraqi University in Baghdad, Abd al-Rahman al-Mashhadani, considered that Washington's imposition of implementing the Swift system on Iraq is an opportunity for the Iraqi government to control the file of dollar smuggling outside the country, which previous Iraqi governments did not succeed in .
    Al-Mashhadani revealed that the Iraqi delegation did not intend to ask Washington to postpone work on the electronic platform, knowing that this is impossible, and that what happened with the US Treasury and the Federal Bank does not go beyond how to organize cash payments, monitoring and auditing, and how the federal aid to the Iraqi Central Bank in achieving monetary stability inside Iraq, leaving Determining the exchange rate for the dollar is entrusted to the Iraqi government, which undertakes the tasks of controlling the exchange rate and determining the value of the Iraqi currency .
    Economically, Al-Mashhadani says, "The currency auction sales at the Central Bank of Iraq are now proceeding according to the normal situation, and that the continued reduction of the cash sale of the dollar will dry up the sources of smuggling, although it will lead to an increase in the exchange rate of the dollar in the parallel markets, taking into account that smuggling is still continuing in cash through Iraqi borders with neighboring countries .
    Al-Mashhadani holds the Central Bank and Iraqi governments responsible for the monetary situation related to the dollar, especially since the US Federal Reserve had informed Baghdad about the necessity of working on the electronic platform about two years ago .
    Source: Al Jazeera Net
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