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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

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    A banking expert reveals a surprise regarding the Iraqi cash reserve

    Rocky
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    • Post n°1

    A banking expert reveals a surprise regarding the Iraqi cash reserve Empty A banking expert reveals a surprise regarding the Iraqi cash reserve

    Post by Rocky Thu 29 Dec 2022, 6:47 am

    [size=45][size=41]A banking expert reveals a surprise regarding the Iraqi cash reserve[/size]
     17 hours ago
    1,194
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    Banking expert Abd al-Rahman al-Sheikhli revealed that cash reserves, gold and valuables are not deposited in Iraq, but rather in banks outside the country, explaining that Iraq cannot move a single dollar without the approval of the Federal Bank.
    Al-Sheikhly said in a press interview seen by “Takadam” that “the coffers of the Central Bank of Iraq do not contain any cash mass for the total financial reserve, amounting to 90 billion dollars, but rather in the US Federal Bank, in addition to gold bars estimated at 70 tons that were deposited in several foreign banks outside The country, and the reason for that is in implementation of a previous agreement concluded between Iraq and the United States in 2004, which restricted the movement of Iraqi oil revenues exclusively through the federal.”
    He added, “According to the Iraqi-American agreement, the American bank grants Iraq its financial needs through official requests, and at the same time it is not permitted to invest this money except with permission from the Federal Reserve, and after announcing its approval to spend, it releases the specified amounts, but the United States did not activate this agreement literally, but rather continued.” By releasing amounts continuously, especially what is related to the so-called (currency auction) in the Central Bank to cover the needs of the market, but today it has returned to the implementation of the agreement literally after confirming that a lot of money goes to parties and countries illegally, in parallel with political moves to make alliances with countries that were It is for Washington to impose restrictions on it and list it as a rogue state, which prompted it to reconsider its policy with Iraq.”
    Al-Sheikhly pointed out that “Iraq is not able to move one dollar from the value of its oil revenues without the approval of the US Federal Bank for many reasons, including the claim to protect Iraqi funds from manipulation and loss and invest them commercially, as well as covering the costs of sanctions and compensation for countries, companies and institutions affected by the occupation of the former regime.” for Kuwait.”
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