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Iraq turned into an "Iranian bank" .. the conflict of two parties within its territory .. Deny of th

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rocky
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Iraq turned into an "Iranian bank" .. the conflict of two parties within its territory .. Deny of th

Post by rocky on Wed 08 Aug 2018, 8:44 am

Iraq turned into an "Iranian bank" .. the conflict of two parties within its territory .. Deny of the dollar .. Iraq between two extremes
[You must be registered and logged in to see this link.]  Wednesday, August 08, 2018 at 10:04 am (1212 views)
[You must be registered and logged in to see this image.]Iraq turned into an "Iranian bank" .. the conflict of two parties within its territory .. Deny of the dollar .. Iraq between two extremes
Baghdad / Sky Press

Iraqi President Fuad Masum declared that the circumstances of Iraq and the nature of his relations with Iran "make it difficult for him to comply with the implementation of the sanctions imposed by Washington on Tehran," while increasing fears of the repercussions of these sanctions on them, security and economic. "Iraq should not be with a party against another party in the current conflicts," Masoum said.

The first package of US sanctions began on Tehran yesterday, including Iran's ability to buy dollars, gold, precious metals, steel and automobiles. US officials said the United States would not grant exemptions or exemptions from the sanctions, but would consider any requests individually.

Iraq is one of the most feared countries of the consequences of these sanctions, security and economic, as Iraqi officials fear of a security conflict between the parties within their country, by threatening Iran's interests in Iraq through Shiite factions loyal to them, and has threatened to target US bases deployed in the west of the country And its north.

On the economic side, economists fear that Iraq will turn into an "Iranian bank" to cope with the economic crisis in a scenario similar to 2009 when Tehran worked to export hundreds of cheap goods, some of them of poor quality, to get the dollar sold in Iraq without strict controls.

The volume of trade between Iraq and Iran is about $ 12 billion a year, peaking during the sanctions period in 2009 when Baghdad imported thousands of cars and sold to Iraqis at cheap prices compared to other species, but the country quickly suffered from its poor.




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weslin3
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Re: Iraq turned into an "Iranian bank" .. the conflict of two parties within its territory .. Deny of th

Post by weslin3 on Wed 08 Aug 2018, 10:49 am

All troubled roads for Iraq leads to IRAN.. If they don't break away from Tehran they will never make it.

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Re: Iraq turned into an "Iranian bank" .. the conflict of two parties within its territory .. Deny of th

Post by azareus on Wed 08 Aug 2018, 1:04 pm

As long as Maliki is there they wont
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weslin3
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Re: Iraq turned into an "Iranian bank" .. the conflict of two parties within its territory .. Deny of th

Post by weslin3 on Wed 08 Aug 2018, 7:50 pm

Here's a promising article;


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weslin3
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Re: Iraq turned into an "Iranian bank" .. the conflict of two parties within its territory .. Deny of th

Post by weslin3 on Wed 08 Aug 2018, 7:54 pm

[ltr]Iraq closes the "economic door" with Iran and begins negotiations with Saudi Arabia and Kuwait[/ltr]
[ltr]Baghdad / Mohammed Sabah
Bank transfers between Iraqi and Iranian banks have been stalled and trade is paralyzed by US sanctions on Iran.
These sanctions have led the Iraqi government to move to the Gulf markets to meet the need for energy and consumer goods, to avoid any negative repercussions in the domestic markets.
The volume of trade exchange between Baghdad and Tehran during the past years to more than ten billion dollars annually.
Currently, the Iraqi Government is continuing unannounced consultations with Saudi Arabia and Kuwait to supply power and commercial goods to the country.
"The Iraqi government is looking for alternative sources of Iranian energy due to the economic sanctions imposed by the United States of America on Iran," said the economic adviser to the prime minister, noting that these alternatives would reduce the damage caused by economic sanctions on Iran. Tehran in the Iraqi market. "
US President Donald Trump has imposed new and comprehensive sanctions on Iran after withdrawing from its nuclear deal in 2015 to force Tehran to agree to a new deal aimed at halting its nuclear work.
The US Treasury has sent a letter to the Central Bank of Iraq obliges Iraqi banks to stop their dealings with Iranian banks and banks threatened to "freeze the assets of the bank and put it on the black list in case of violation of instructions issued by the US Treasury.
"The government is moving towards the Gulf countries, especially Saudi Arabia and Kuwait, to compensate for its energy needs, while relying on the development of the gas and electricity industry locally," Saleh said. "The consultations with Kuwait and Saudi Arabia are continuing and will not stop."
Prime Minister Haider al-Abbadi earlier ordered electricity minister Qassem al-Fahdawi and the ministry's advanced cadres to immediately go to Saudi Arabia to sign a memorandum of cooperation in the field of energy after the Iranian carrier stopped the electrical power from work, but withdrew the hand of al-Fahdawi before visiting Saudi Arabia.
"The sanctions imposed on Iran will be reflected negatively on the volume of commercial activity between Tehran and Baghdad," he said, stressing that "the cessation of financial transfers between the two countries."
US sanctions target Iran's exports in the transport sector as well as its business activities, purchases of gold and other basic minerals, and the Iranian government's acquisition or acquisition of US dollars. The sanctions came into force on Tuesday.
"Iran is the largest exporter of daily consumer goods to Iraq, as well as the importation and assembly of Iranian cars, where the number of workers in the car assembly plants about (5000) Iraqi workers," noting that "the number of Iranian visitors to the holy places up to three million visitors Per year ".
The Iranian currency continues to depreciate against the US dollar as gold prices rose rapidly.
In contrast, the Chairman of the Economic Committee in the former House of Representatives Jawad al-Bolani, the Iraqi government's commitment to implement the economic sanctions on Tehran, stressing that "part of the trade exchange between the two countries necessitate the sustainability of the requirements of Iraq daily."
"The Iraqi government needs to create a state of balance in dealing with international sanctions," al-Bolani said in a statement to Al-Mada yesterday. "These daily necessities needed by Iraq after the cessation of its factories and laboratories are known to the international community, which requires the Iraqi government to secure them."
"Iraq is against international sanctions and there is an experiment in Iraq that has weakened the country and the people," Prime Minister Haider al-Abadi said at his weekly conference on Sunday.
"The daily trade exchange with Iran on the level of goods and consumer goods, such as milk and others, reaches 10 million dollars a day," he said. "The annual volume of trade in consumer goods, equipment, cars, oil, gas and electricity reaches more than $ 10 billion a year "He said.
He stressed that "there are funds owed by the Iraqi government due to pay to Iran because of electricity bills and gas access to power stations in Iraq," pointing out that "zeroing these funds need a way to lead to pay in light of these sanctions."
"The low volume of trade exchange between Iraq and Iran depends on the treatment of Iraqi state institutions and their commitment to economic sanctions imposed by Washington, which requires the Council of Ministers to develop a vision to deal with US actions."



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[/ltr]
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Re: Iraq turned into an "Iranian bank" .. the conflict of two parties within its territory .. Deny of th

Post by chouchou on Thu 09 Aug 2018, 3:22 am

[You must be registered and logged in to see this link.] wrote:[ltr]Iraq closes the "economic door" with Iran and begins negotiations with Saudi Arabia and Kuwait[/ltr]


[ltr]Baghdad / Mohammed Sabah
Bank transfers between Iraqi and Iranian banks have been stalled and trade is paralyzed by US sanctions on Iran.
These sanctions have led the Iraqi government to move to the Gulf markets to meet the need for energy and consumer goods, to avoid any negative repercussions in the domestic markets.
 The volume of trade exchange between Baghdad and Tehran during the past years to more than ten billion dollars annually.
 Currently, the Iraqi Government is continuing unannounced consultations with Saudi Arabia and Kuwait to supply power and commercial goods to the country.
 "The Iraqi government is looking for alternative sources of Iranian energy due to the economic sanctions imposed by the United States of America on Iran," said the economic adviser to the prime minister, noting that these alternatives would reduce the damage caused by economic sanctions on Iran. Tehran in the Iraqi market. "
 US President Donald Trump has imposed new and comprehensive sanctions on Iran after withdrawing from its nuclear deal in 2015 to force Tehran to agree to a new deal aimed at halting its nuclear work.
 The US Treasury has sent a letter to the Central Bank of Iraq obliges Iraqi banks to stop their dealings with Iranian banks and banks threatened to "freeze the assets of the bank and put it on the black list in case of violation of instructions issued by the US Treasury.
 "The government is moving towards the Gulf countries, especially Saudi Arabia and Kuwait, to compensate for its energy needs, while relying on the development of the gas and electricity industry locally," Saleh said. "The consultations with Kuwait and Saudi Arabia are continuing and will not stop."
 Prime Minister Haider al-Abbadi earlier ordered electricity minister Qassem al-Fahdawi and the ministry's advanced cadres to immediately go to Saudi Arabia to sign a memorandum of cooperation in the field of energy after the Iranian carrier stopped the electrical power from work, but withdrew the hand of al-Fahdawi before visiting Saudi Arabia.
 "The sanctions imposed on Iran will be reflected negatively on the volume of commercial activity between Tehran and Baghdad," he said, stressing that "the cessation of financial transfers between the two countries."
 US sanctions target Iran's exports in the transport sector as well as its business activities, purchases of gold and other basic minerals, and the Iranian government's acquisition or acquisition of US dollars.  The sanctions came into force on Tuesday.
 "Iran is the largest exporter of daily consumer goods to Iraq, as well as the importation and assembly of Iranian cars, where the number of workers in the car assembly plants about (5000) Iraqi workers," noting that "the number of Iranian visitors to the holy places up to three million visitors Per year ".
 The Iranian currency continues to depreciate against the US dollar as gold prices rose rapidly.
 In contrast, the Chairman of the Economic Committee in the former House of Representatives Jawad al-Bolani, the Iraqi government's commitment to implement the economic sanctions on Tehran, stressing that "part of the trade exchange between the two countries necessitate the sustainability of the requirements of Iraq daily."
 "The Iraqi government needs to create a state of balance in dealing with international sanctions," al-Bolani said in a statement to Al-Mada yesterday. "These daily necessities needed by Iraq after the cessation of its factories and laboratories are known to the international community, which requires the Iraqi government to secure them."
 "Iraq is against international sanctions and there is an experiment in Iraq that has weakened the country and the people," Prime Minister Haider al-Abadi said at his weekly conference on Sunday.
 "The daily trade exchange with Iran on the level of goods and consumer goods, such as milk and others, reaches 10 million dollars a day," he said. "The annual volume of trade in consumer goods, equipment, cars, oil, gas and electricity reaches more than $ 10 billion a year "He said.
 He stressed that "there are funds owed by the Iraqi government due to pay to Iran because of electricity bills and gas access to power stations in Iraq," pointing out that "zeroing these funds need a way to lead to pay in light of these sanctions."
 "The low volume of trade exchange between Iraq and Iran depends on the treatment of Iraqi state institutions and their commitment to economic sanctions imposed by Washington, which requires the Council of Ministers to develop a vision to deal with US actions."



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This is a good article Weslin, maybe with these sanctions Iraq will not rely on Iran so much and will be able to move forward. Who knows.......
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weslin3
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Re: Iraq turned into an "Iranian bank" .. the conflict of two parties within its territory .. Deny of th

Post by weslin3 on Thu 09 Aug 2018, 7:15 am

That's what I'm thinking chouchou. Iraq will be forced to quit having dealings with Iran or will go down with them in sanctions.

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