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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


    An Iraqi bank intends to withdraw from the payment mechanism for Iranian gas in this case

    Rocky
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    An Iraqi bank intends to withdraw from the payment mechanism for Iranian gas in this case Empty An Iraqi bank intends to withdraw from the payment mechanism for Iranian gas in this case

    Post by Rocky Wed 22 Jan 2020, 2:37 am


    [size=35][size=35]An Iraqi bank intends to withdraw from the payment mechanism for Iranian gas in this case

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    Economie

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    2020-01-22 | 03:16
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    [size=18]The head of the Council of the Iraqi Bank for Trade announced that his bank will not be a party to the mechanism of paying Iran's financial dues for gas and electricity that Iraq imports, in the event that Washington does not renew the exemption from sanctions that ends next month.


    Failure to renew the exemption may harm the Iraqi electricity sector, which depends a third of its energy on Iranian imports of gas and electricity, at a time of escalating tension between the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9 %D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9/ar/]United States[/url] and [You must be registered and logged in to see this link.].
     
    [You must be registered and logged in to see this link.] imposed tough sanctions on the Iranian energy sector in 2018, but it has given [You must be registered and logged in to see this link.] a series of temporary exemptions over the past 15 months, allowing [You must be registered and logged in to see this link.] to buy gas from Tehran.






     
    [You must be registered and logged in to see this link.] pays the price of imports by depositing the Iraqi dinar through the state-owned Iraqi Trade Bank, which initially allows [You must be registered and logged in to see this link.] to use it to purchase non-sanctioned goods.
     
    "If the exception is over, I am sure that the bank cannot pay any gas dues, and it cannot deal with any Iranian entity regarding gas and electricity, of course," the bank’s chairman, Faisal Al-Heims, told AFP.
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    He added, "As a bank, the most important thing we have is to be committed (local regulations of the [url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url] and international regulations), so the world trusts us."
     
    Any entity that deals with institutions or countries that the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9 %D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9/ar/]United States[/url] has blacklisted is subject to secondary sanctions that restrict its access to the US dollar.
     
    The American exemption protected [You must be registered and logged in to see this link.] from similar sanctions, which allowed it to continue importing about 1,400 megawatts of electricity and 28 million cubic meters (988 million cubic feet) of gas from [You must be registered and logged in to see this link.].
     
    Meanwhile, [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.] have agreed to a payment plan that is in line with US regulations through an account in Iraqi dinars at the Iraqi Trade Bank.
     
    Starting last year, [You must be registered and logged in to see this link.] had a bill due to amount to about two billion dollars for previous purchases of gas and electricity, according to Iranian Oil Minister Bijan Zangana.
     
    Heims refused to disclose the amount that was paid into the account or the amount still due, but stressed that "the exception allowed it to be paid to the electricity and gas exporters. Several payments were delivered according to this mechanism, but the problem is that the disposal of the money that was paid was not possible."
     
    [You must be registered and logged in to see this link.] fears the escalation of tension between [You must be registered and logged in to see this link.] and the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9 %D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9/ar/]United States[/url], both of which are allies of [You must be registered and logged in to see this link.].


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