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Learn about the risks that the central bank will face in the event of US sanctions

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reveals - Learn about the risks that the central bank will face in the event of US sanctions Empty Learn about the risks that the central bank will face in the event of US sanctions

Post by rocky on Sat 11 Jan 2020, 1:59 pm

[size=36]Learn about the risks that the central bank will face in the event of US sanctions[/size]

Political | 06:39 - 11/01/2020

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Baghdad - Mawazine News
revealed a member of the Finance Committee, Magda Al-Tamimi, on Saturday, about what happened in the committee's meeting with the governor of the Central Bank and the head of the Financial Supervision Bureau and the Deputy Minister of Finance and the Iraqi Trade Bank (TBi).
Al-Tamimi said in a statement received by / Mawazine News / a copy of it, that "the attendance of the government side made a presentation on the possible risks in the event of sanctions against Iraq by the United States of America."
The penalties are as follows:
1_ The possibility of stopping the supply of Iraq with the dollar in cash, which is an easy measure to take by the United States, as the countries have full sovereignty over their currency, and this would negatively affect the rise in the price of the dollar against the dinar, and here Iraq has no choice but to go to deal in other currencies, which will need a period Not short, for example, the shift to dealing in the euro currency, which means entering into negotiations that are not easy with European banks such as France and Germany .... etc., since most international banks have difficult conditions and restrictions for dealing with Iraq as an unstable country and have many problems and will be dealt With him With great caution, in addition to the conversion to other currencies requires changing the commercial behavior of the country, and the question that arises is whether the country in question has the ability to provide Iraq with the amount of currency that it will need in cash, as these countries may not have this ability to pump large amounts of currency Cash. "
2_ The United States of America may go to deny certain parties in Iraq from carrying out their activities or may issue a ban on dealing with them by most international companies because of their impact on these companies (directly or indirectly) governed by the interests of those companies, for example, a ban on dealing with Certain companies specialized in the marketing of Iraqi oil.
3_ Another danger is the inclusion of certain entities in the ban, these entities may be (people, companies or banks), as the American Treasury provides a list of specific names to prohibit dealing with them in dollars, or it may freeze their assets.
Here we refer to the committee formed in the General Secretariat of the Council of Ministers, including the Deputy Governor of the Central Bank, the ban books are sent to them, and then measures must be taken against them and the circulation of their names and in the event that these measures are not taken, it will negatively affect the level of the international classification for Iraq by the International Financial Action Group Financial Action Task Force (FATF), as this organization is concerned with checking country classifications according to periodic periods.
4_ The other possibility is to submit requests by the creditor parties to press for an immediate payment of their debts (countries or individuals) and immediately and here we point out that Iraq owes (28) billion dollars in foreign debt other than the odious debts (the debts of the Gulf states) amounting to (41) billion Dollars under the United Nations Convention on State Immunities and Property from Jurisdiction in 2004. Al-
Tamimi explained Article 21, which is as follows:
Article 21, paragraph C of which has been achieved immunity from the reserves of the Central Bank (currency cover).
The following is the text of Article 21 and paragraph C thereof: The
property of the central bank or other monetary authorities in the state.
Specific classes of property
1. The following categories, in particular, of a State’s property are not property used or intended to be used specifically by the State for purposes other than government non-commercial purposes under subparagraph (c) of Article 19.
C of Article 21 of the Bank’s property Central or other monetary authorities in the state "
If the danger lies in government reserves and other Iraqi deposits, they are subject to seizure according to Article 19, Paragraph C,
Article 19, and Paragraph C of it:" The immunity of states from the following compulsory measures for the issuance of the ruling
Compulsory measures may not be taken following the issuance of the ruling, such as seizure, provisional attachment, and executive attachment, against the property of a state in connection with a lawsuit before a court of another state except in the following cases and within its scope:
(c) or if it is proven that the state uses these properties or intends to use them on Specifically for purposes other than government non-commercial purposes, and that they are present in the territory of the state of the court, provided that subsequent measures for the issuance of a judgment are limited to the property related to the entity against which the lawsuit is directed. ”
The size of potential commercial creditors’ claims can be estimated as much as the Iraqi funds. N (2_3) billion dollars, and if paid, it will be subject to the terms of the Paris Club.
If the government’s decision to withdraw the Iraqi money from the United States of America and deposit it in the banks of other countries will be of the same degree of danger, as international banks implement the decisions of the United States of America because there are direct and indirect impacts on them, in addition to that most of the international banks are not ready to deal with Iraq because of the high The degree of risk in it and it must be noted that all payments to Iraq are in the currency of the dollar, it will lose the status of the transfer to other currencies (losses of the conversion difference).
It is worth noting that the budget for the year 2020 in which current expenditures increased significantly, in addition to increasing the burdens that the budget will bear, especially in the salaries clause, as the employee compensation paragraph jumped from (43) trillion in the 2019 budget to (53) trillion dinars in the 2020 budget
Here, we note that the economic embargo imposed on Iraq in the 1990s and how to manage it and manage the necessary funds to pay obligations cannot be compared with the current situation in Iraq, which cannot bear such shocks, as there is a big difference in the numbers of employees and then salaries, as well as the presence of industrial companies Rabhah then used her profits to cover salaries.
Taking into consideration the amount of documentary credits, which are expressed in dollars, and the presence of (14) billion dollars in sums reserved for the purpose of covering government sector imports and the guarantees of the Ministry of Finance.
Accordingly, the situation and the potential dangers to Iraq must be studied extensively in preparation for making sound decisions and putting alternatives based on achieving the interests of Iraq first and foremost. This is what the rational reference indicated in its sermon on Friday, 10/1/2020 when it confirmed that Iraq is the master of itself and the necessity of providing a happy life. And for the Iraqi to live in dignity and safety and enough of the wars and adversities he suffered at various levels during decades of time, the parties concerned will meet the national responsibility and look at a comprehensive vision for the future of the people and solve the current crisis by responding to the requirements of the reform map in order to avoid the country’s dangers. Scenarios that may not be ominous "29 .anthy / h


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reveals - Learn about the risks that the central bank will face in the event of US sanctions Empty Parliamentary finance reveals four confirmed risks about imposing sanctions on Iraq

Post by rocky on Sat 11 Jan 2020, 2:01 pm

Parliamentary finance reveals four confirmed risks about imposing sanctions on Iraq

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{Baghdad: Al Furat News} Member of the Finance Committee, MP Magda Al-Tamimi, revealed what happened in the meeting of the Finance Committee, today, Thursday, which was attended by both the Governor of the Central Bank and the President of the Financial Supervision Bureau and the Under-Secretary of Finance, as well as the Deputy Director General of the Iraqi Trade Bank (TBi).
On the government side, the attendees gave a presentation on the potential risks in the event of sanctions against Iraq by the United States of America, according to the statement of Tamimi’s media office, including:
1_ The possibility of stopping the supply of Iraq with the dollar in cash, which is an easy measure to take by the United States, as the countries have full sovereignty over their currency, and this would negatively affect the rise in the price of the dollar against the dinar, and here Iraq has no choice but to go to deal in other currencies, which will need a period Not short, for example, the shift to dealing in the euro currency, which means entering into negotiations that are not easy with European banks such as France and Germany .... etc., since most international banks have difficult conditions and restrictions for dealing with Iraq as an unstable country and have many problems and will be Deal with it With great caution, in addition to converting to other currencies requires changing the commercial behavior of the country.
The question that arises is whether the country concerned has the ability to provide Iraq with the amount of currency it will need in cash, as these countries may not have this ability to pump large amounts of cash.
2_ The United States of America may go to deny certain parties in Iraq from carrying out their activities or may issue a ban to deal with them by most international companies because of their impact on these companies (directly or indirectly) governed by the interests of those companies, for example, a ban on dealing with Certain companies specialized in the marketing of Iraqi oil.
3_ Another danger is the inclusion of certain entities in the ban, these entities may be (people, companies or banks), as the American Treasury provides a list of specific names to prohibit dealing with them in dollars, or it may freeze their assets.
Here we refer to the committee formed in the General Secretariat of the Council of Ministers, including the Deputy Governor of the Central Bank, the ban books are sent to them, and then measures must be taken against them and the circulation of their names and in the event that these measures are not taken, it will negatively affect the level of the international classification for Iraq by the International Financial Action Group Financial Action Task Force (FATF), as this organization is concerned with checking country classifications according to periodic periods.
4_ The other possibility is to submit requests by the creditor parties to press for an immediate payment of their debts (countries or individuals) and immediately and here we point out that Iraq owes (28) billion dollars in foreign debt other than the odious debts (the debts of the Gulf states) amounting to (41) billion In accordance with the United Nations Convention on the Immunities of States and Their Property from Jurisdiction in 2004, Article 21, Paragraph C thereof
, the immunity of the central bank reserve (currency cover) was realized.
The following is the text of Article 21 and paragraph C thereof: The
property of the central bank or other monetary authorities in the state.
Specific classes of property
1. The following categories, in particular, of a State’s property are not property used or intended to be used specifically by the State for purposes other than government non-commercial purposes under subparagraph (c) of Article 19.
C of Article 21 of the Bank’s property Central or other state monetary authorities.
If the risk lies in government reserves and other Iraqi deposits, they are subject to seizure under Article 19, paragraph c
Article 19 and Paragraph C of it: “The immunity of states from the following compulsory measures for the issuance of the ruling. It is
not permissible to take following compulsory measures for the issuance of the judgment, such as seizure, provisional attachment, and executive attachment, against the property of a state in connection with a lawsuit before another state’s court except in the following cases and within its scope:
(C) Or if it is established that the State uses or intends to use these properties specifically for purposes other than governmental non-commercial purposes, and that it is present in the territory of the State of the Court, provided that the compulsory measures subsequent to the issuance of the judgment are limited to the property related to the entity against which the case is directed.
It is possible to estimate the size of the potential commercial creditors' claims on Iraqi money as a maximum between (2_3) billion dollars and in the event of its payment, it will be subject to the terms of the Paris Club.
If the government’s decision to withdraw the Iraqi money from the United States of America and deposit it in the banks of other countries will be of the same degree of danger, as international banks implement the decisions of the United States of America because of the direct and indirect effects on them, in addition to that most of the international banks are not ready to deal with Iraq because of the high The degree of risk in it and it must be noted that all of Iraq’s payments are in the dollar, it will lose the status of the transfer to other currencies (losses of the transfer difference).
It is worth noting that the budget for the year 2020 in which current expenditures increased significantly, in addition to increasing the burdens that the budget will bear, especially in the salaries clause, as the employee compensation paragraph jumped from (43) trillion in the 2019 budget to (53) trillion dinars in the 2020 budget
Here, we note that the economic embargo imposed on Iraq in the 1990s and how to manage it and manage the funds needed to pay the obligations cannot be compared with the current situation in Iraq, which cannot bear such shocks, as there is a big difference in the numbers of employees and then salaries, as well as the presence of industrial companies Rabhah then used her profits to cover the salaries.
Taking into consideration the amount of documentary credits, which are expressed in dollars, and the presence of (14) billion dollars in sums reserved for the purpose of covering government sector imports and the guarantees of the Ministry of Finance.
Accordingly, the situation and the potential dangers to Iraq must be studied extensively in preparation for making sound decisions and putting alternatives based on achieving the interests of Iraq first and foremost. This is what the rational reference indicated in its sermon on Friday, 10/1/2020 when it confirmed that Iraq is the master of itself and the necessity of providing a happy life. And for the Iraqi to live in dignity and safety and enough of the wars and adversities he suffered at various levels during decades of time, the parties concerned will meet the national responsibility and look at a comprehensive vision for the future of the people and solve the current crisis by responding to the requirements of the reform map in order to avoid the country’s dangers. Scenarios that may not be ominous. "End quote


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reveals - Learn about the risks that the central bank will face in the event of US sanctions Empty Newspaper: Washington has warned Baghdad against suspending an important bank account in case its fo

Post by rocky on Sat 11 Jan 2020, 2:07 pm

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 Newspaper: Washington has warned Baghdad against suspending an important bank account in case its forces leave Iraq[You must be registered and logged in to see this link.]


The Wall Street Journal said that the United States warned Iraq this week that it risks losing access to an important government bank account, if the Iraqi government expels US forces from the country.
The newspaper quoted Iraqi officials as saying that the US State Department had warned that the United States might suspend the Central Bank of Iraq account at the Federal Reserve Bank in New York, in a move that could undermine the already fragile Iraqi economy.
Iraq, like many other countries, maintains government accounts in the New York Federal Reserve, including oil sales revenue.
The loss of access to these accounts could limit Iraq’s use of these revenues and create a monetary crisis for the country’s financial system.
The newspaper indicates that the American warning was conveyed to the resigned Iraqi Prime Minister, Adel Abdul-Mahdi, during a telephone conversation that also touched on the comprehensive military, political and financial partnership between the two countries, according to an official in Abdul-Mahdi's office.
Spokesmen for the Iraqi Prime Minister, the Central Bank and the Iraqi Embassy in Washington did not respond to requests for comment.
The US State Department, the Treasury and the Federal Reserve also declined to comment, according to the newspaper.
He said the New York Federal Reserve, which can freeze accounts under the US Penal Code or if it has reasonable suspicion that the funds could violate US law, does not comment on news related to specific account holders.
In an interview with Fox News, US President Donald Trump said that the Iraqi government should pay money to American taxpayers if it wanted to withdraw US forces from there, and pointed out that the attack targeting Qasim Soleimani prevented another "Benghazi".
In his meeting with journalist Laura Ingraham, Trump revealed new details of the plan that the commander of the "Jerusalem Corps" had intended to implement by targeting US targets abroad.
And Trump added: "We created in Iraq one of the most expensive airport facilities in the world. If we leave, they (Iraqis) have to pay money for that." He pointed out that countries like Saudi Arabia and South Korea pay millions of dollars for the deployment of American soldiers there.
He explained that he told the kingdom that they had to pay money to deploy more soldiers, and they had already put a billion dollars in a bank account.
On the way in which money can be raised from the Iraqis, Trump said: "We have a lot of their money. There is $ 35 billion in an account."
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reveals - Learn about the risks that the central bank will face in the event of US sanctions Empty Washington Threatens Baghdad: Your money is in our coffers

Post by rocky on Sun 12 Jan 2020, 2:06 am

[size=35][size=35]Washington Threatens Baghdad: Your money is in our coffers[/size]
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Economie

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2020-01-12 | 03:02
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[size=18]The American Wall Street Journal published a report on Washington's demand from Baghdad to pay the money in exchange for the withdrawal of American forces from Iraq.


The newspaper stated that "the United States is still apparently sticking to the survival of its forces in [You must be registered and logged in to see this link.]  for a longer period, despite the loud voices calling for its departure following the assassination of the prominent leader of the Revolutionary Guards, [url=https://www.alsumaria.tv/Entity/2019753153/%D9%82%D8%A7%D8%B3%D9%85 %D8%B3%D9%84%D9%8A%D9%85%D8%A7%D9%86%D9%8A/ar/]Qassem Soleimani[/url] , and the deputy leader of the popular crowd Abu Mahdi Al-Muhandis, with a lightning American operation in [You must be registered and logged in to see this link.]  , days ago." ".






 
After [You must be registered and logged in to see this link.]  hinted at sanctions that it will impose on [You must be registered and logged in to see this link.]  , if its politicians continue to put forth initiatives aimed at removing American forces from their countries, the American [url=https://www.alsumaria.tv/Entity/668960601/%D9%88%D9%88%D9%84 %D8%B3%D8%AA%D8%B1%D9%8A%D8%AA %D8%AC%D9%88%D8%B1%D9%86%D8%A7%D9%84/ar/]Wall Street Journal[/url] stated that "the United States threatened to deprive [You must be registered and logged in to see this link.]  of billions of dollars."
 
The newspaper pointed out, quoting unnamed sources, that "the US State Department threatened [You must be registered and logged in to see this link.]  freeze a bank account belonging to Iraq in the Federal Reserve (the American Central Bank)."
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[You must be registered and logged in to see this link.]  uses this account to deposit billions of dollars in oil revenues.
 
The newspaper stressed that "if this decision occurs, it will prevent [You must be registered and logged in to see this link.]  from withdrawing any money from this balance, which could lead to the collapse of the Egyptian-Iraqi regime and the paralysis of the local economy."
 
And she added, "An American official informed the resigned Iraqi Prime Minister, Adel Abdul Mahdi, in a phone call, last Wednesday, of the new punishment and the damages that will result from it."
 
In the event that the step is implemented, freezing Iraqi assets in the account will be an unprecedented step.
 
The Federal Reserve Bank of New York provides banking services to about 250 central banks and government institutions around the world.


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reveals - Learn about the risks that the central bank will face in the event of US sanctions Empty Washington threatens Baghdad with severe punishment

Post by rocky on Sun 12 Jan 2020, 2:20 am

Washington threatens Baghdad with severe punishment
 :: 43 minutes ago
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Daww / Follow-up  
An American newspaper revealed the threat of the American administration to the Iraqi federal government to deprive Iraq of billions of dollars.


According to a report by the Wall Street Journal, on Sunday, US sources revealed that the US State Department threatened Baghdad with freezing an Iraq bank account in the Federal Reserve (the US central bank).

Iraq uses this account to deposit billions of dollars in oil revenues.

This decision, in the event of its occurrence, means that Iraq will not be able to withdraw any funds from this balance, which could lead to the collapse of the Egyptian-Iraqi regime and the paralysis of the local economy.

And the "Wall Street Journal" said that a US official informed Prime Minister Adel Abdul Mahdi in a phone call, last Wednesday, of the new punishment and the damage that would result from it.

In the event that the step is implemented, freezing Iraqi assets in the account will be an unprecedented step.

The Federal Reserve Bank of New York provides banking services to about 250 central banks and government institutions around the world.

The Iraqi Council of Representatives issued early January, a non-binding resolution calling for the withdrawal of foreign forces from Iraq, and the decision was supported by Prime Minister Adel Abdul-Mahdi.


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reveals - Learn about the risks that the central bank will face in the event of US sanctions Empty Report: Washington has warned Baghdad against losing "oil revenues" if it insists on removing US for

Post by rocky on Sun 12 Jan 2020, 2:26 am





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[size=41]Report: Washington has warned Baghdad against losing "oil revenues" if it insists on removing US forces

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Yassin Iraq: Baghdad,
a report published by the Wall Street Journal revealed that the Iraqi government received a warning from the US State Department that Iraq will lose a vital bank account in America if it insists on removing the American forces.
The report, which was seen by Yassin Iraq, quoted Iraqi officials as saying that the US State Department informed the authorities in Baghdad that it might lose access to an account in the New York Federal Reserve, which includes oil sales revenue, which threatens to deal a painful blow to the faltering Iraqi economy.
According to the report, one of the Iraqi officials indicated that "the warning about the aforementioned account came through a phone call made by the US State Department, last Wednesday, with the head of the Iraqi caretaker government, Adel Abdul-Mahdi, as the two sides discussed other files of the military, financial and political partnership between Washington and Baghdad." .
Iraq, like other countries, maintains government accounts in the New York Federal Reserve, as an important part of the country's financial affairs administration, including oil sales revenue. The loss of access to the account could limit Iraq’s use of these revenues, which raises a monetary crisis in the financial system and limits important resources for the economy.
According to the newspaper, “The potential economic and financial implications of removing American forces from the country are weighing on Iraqi officials who are trying to address the issue without provoking a violent response.”
According to the newspaper, “In recent days, Iraqi officials have highlighted the need for friendly relations with Washington, even With the forces loyal to Iran exerting pressure to expel American forces from Iraq.
And US President Donald Trump has threatened Iraq with economic sanctions he had not seen before, in case the Iraqi government takes out the American forces, stressing that Iraq must pay the money that the United States spent in Iraq to build military bases and airports in case he insists on removing the forces, Noting that Iraq has billions of dollars in US banks can be seized.


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reveals - Learn about the risks that the central bank will face in the event of US sanctions Empty Iraq, like other countries, maintains government accounts in the New York Federal Reserve to manage

Post by rocky on Sun 12 Jan 2020, 2:47 am

[rtl]Washington threatens to seize "billions of Iraq" in an unprecedented step[/rtl]
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[rtl]one hour ago[/rtl]

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Iraq, like other countries, maintains government accounts in the New York Federal Reserve to manage the country's finances - archive photo[/rtl]


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ARBIL (Kurdistan 24) - The US President Donald Trump's administration has warned the Iraqi government that it may risk losing access to an important government bank account if Baghdad expels US forces in the wake of the U.S. strike that killed General Qassem Soleimani.
According to the American Wall Street Journal, the United States threatened that it might prevent Iraq from accessing the Iraqi Central Bank account held by the Federal Reserve in New York, a move that could paralyze the fragile Iraqi economy.
Iraq, like other countries, maintains government accounts in the New York Federal Reserve to manage the country's finances, including revenue from oil sales.
According to the newspaper, losing access to the accounts could lead to restricting Iraq’s use of these revenues and creating a cash crisis in the Iraqi financial system.
Last week, the Iraqi parliament voted, in the absence of the Kurdish representatives for most of the year, for a resolution calling for the removal of 5,300 American soldiers and most foreign forces from the country.
Although the decision to withdraw foreign forces is not binding, Prime Minister Adel Abdul Mahdi supported him, which prompted Trump to threaten to impose sanctions on Iraq.
Two days ago, Abdul-Mahdi asked Washington to send delegates to prepare for the withdrawal from Iraq, but the US State Department refused to discuss the withdrawal if it sent envoys to the country.
The Wall Street Journal says the warning about the Central Bank of Iraq account was conveyed to the Iraqi prime minister in a call by a US official.
Abdul-Mahdi says that the departure of the American forces is the only way to avoid the conflict in Iraq, explaining the reason for Washington's lack of confidence in the Iraqi forces to protect its forces.
The New York Federal Reserve does not publicly disclose the amount of money that is currently held by the Iraqi Central Bank. According to the last financial statement issued by the Central Bank of Iraq, at the end of 2018, the Federal Reserve held about $ 3 billion.
Restricting Iraqi access to dollars may lead to a devaluation of the dinar, which could lead to broader economic problems in the country, according to the newspaper.
To that, the American Bloomberg Agency quoted a member of the Finance Committee in the Iraqi Parliament, Majida Al-Tamimi, as saying that the Iraqi government may lose access to its dollar account in the Federal Reserve if the Trump administration imposed sanctions on Iraq because of the American presence.
And Abdel-Hassanein Al-Hanin, adviser to the prime minister, said that although the threat of sanctions was a concern, he did not expect the United States to continue to work with him, adding, "If the United States does this, it will lose Iraq forever."


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reveals - Learn about the risks that the central bank will face in the event of US sanctions Empty Washington threatens Baghdad with billions of oil: your money is in our coffers

Post by rocky on Sun 12 Jan 2020, 3:50 am

[size=36]Washington threatens Baghdad with billions of oil: your money is in our coffers[/size]

Political | 08:13 - 12/01/2020

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Baghdad - Mawazine News
The United States still appears to be sticking to its forces staying in Iraq for a longer period, despite the loud voices calling for its departure following the killing of the prominent leader of the Revolutionary Guards Qassem Soleimani, and Abu Mahdi al-Muhandis, deputy commander of the Popular Mobilization, with a lightning American operation in Baghdad, 9 days ago.
After Washington hinted at sanctions that it will impose on Baghdad, if its politicians continue to put forth initiatives aimed at removing American forces from their countries, the American Wall Street Journal said that the United States threatened to deprive Iraq of billions of dollars.
The newspaper, quoting unnamed sources, said that the US State Department threatened Baghdad to freeze a bank account belonging to Iraq in the Federal Reserve (the American Central Bank).
Iraq uses this account to deposit billions of dollars in oil revenues.
And this decision means, in the event of its occurrence, that Iraq will not be able to withdraw any funds from this balance, which could lead to the collapse of the Egyptian-Iraqi regime and the paralysis of the local economy.
And the "Wall Street Journal" said that a US official informed the resigned Iraqi Prime Minister, Adel Abdul Mahdi, in a phone call, last Wednesday, of the new punishment and the damage that would result from it.
In the event that the step is implemented, freezing Iraqi assets in the account will be an unprecedented step.
The Federal Reserve Bank of New York provides banking services to about 250 central banks and government institutions around the world.
The Iraqi parliament had issued, in early January, a non-binding resolution calling for the withdrawal of foreign forces from Iraq, and the decision was supported by Abdul Mahdi.
The parliament’s move came after US forces killed a Soleimani missile and an engineer near Baghdad airport, in what Baghdad considered a violation of its sovereignty.
Then, US President Donald Trump threatened to impose severe sanctions if Iraq went ahead with the removal of US forces from the country.
More than 5,000 American soldiers are stationed in a number of military bases in Iraq, and they are part of the international coalition to fight ISIS, which was established in 2014 to counter the terrorist organization.
The Federal Reserve Authority has the power to deny countries facing sanctions from disposing of their bank accounts.
Indeed, the bank froze an account of the Iraqi government in 2015 for several weeks, after doubts erupted over the possibility of Iraqi funds leaking into Iranian banks and the terrorist organization "ISIS".
Officials at the Bank and the US State Department and the Iraqi embassy declined to comment on this information.
It is not clear the size of the Iraqi funds with the American bank, but according to the information "The Wall Street Journal", the bank has 3 billion dollars for the Central Bank of Iraq until the end of 2018. Ended 29 / A 43


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