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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


    Parliamentary Finance suggests “freezing” new Iraqi banks by the US Treasury

    Rocky
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    iraqi - Parliamentary Finance suggests “freezing” new Iraqi banks by the US Treasury Empty Parliamentary Finance suggests “freezing” new Iraqi banks by the US Treasury

    Post by Rocky Fri 16 Feb 2024, 4:14 am

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    [size=52]Parliamentary Finance suggests “freezing” new Iraqi banks by the US Treasury[/size]

    [size=45]Member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, suggested that the US Treasury Department would include new Iraqi banks on the sanctions list unless the Central Bank of Iraq finds solutions.[/size]
    [size=45]Al-Dulaimi said, “Last Sunday evening, I met with the US Treasury attaché in Baghdad and asked him about the reasons for freezing 24 Iraqi banks. He explained to me that most of the banks had transferred large sums of dollars to Iran and the Iranian Revolutionary Guard, and this was the reason for freezing them and stopping them from operating.”[/size]
    [size=45]Al-Dulaimi added, “At the present time, there are no banks that may be subject to closure unless new violations occur, and some of the banks that have been closed deal with forged documents regarding money transfers.”[/size]
    [size=45]She suggested that “if the situation remains as it is now and the Central Bank does not find solutions to the situation of these banks in the near future, we may witness another batch of banks being frozen and their dealings in dollars prohibited, and this will affect the economic situation in the country.”[/size]
    [size=45]The US Treasury Department had previously included a number of Iraqi private banks and banking companies on the sanctions list, the most recent of which was on January 29, when the US Department announced the placement of the Iraqi “Al-Huda” Bank on the sanctions list, as it is a source of major concern regarding money laundering. Because it “serves as a channel for financing terrorism by Iran.”[/size]
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