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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


    The Wall Street Journal: Intensifying pressure on Iran has reduced the value of the Iraqi currency

    Rocky
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    The Wall Street Journal: Intensifying pressure on Iran has reduced the value of the Iraqi currency Empty The Wall Street Journal: Intensifying pressure on Iran has reduced the value of the Iraqi currency

    Post by Rocky Sat 21 Jan 2023, 4:56 am

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    [size=52]The Wall Street Journal: Intensifying pressure on Iran has reduced the value of the Iraqi currency[/size]

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    The Wall Street Journal confirmed in a report that the intensification of pressure on the Iranian regime has led to a drop in the value of the Iraqi currency.[/size]
    [size=45]She added that since the New York Federal Bank imposed strict control in November to counter the smuggling of dollars to Iran, more than 80 percent of Iraqi bank transfers have been closed.[/size]
    [size=45]According to the report, these bank exchanges used to reach $250 million some days, but now due to the lack of sufficient information about the destination of sending the money, the possibility of exchanging the money has been stopped.[/size]
    [size=45]And the American newspaper continued in its report that this new policy of the Federal Bank of New York, which was adopted mainly to increase pressure on the Iranian regime, has already caused the depreciation of the Iraqi currency and the weakening of the Iraqi economy.[/size]
    [size=45]The Wall Street Journal wrote that Iraqi government officials see this unexpected factor as the reason behind the weakening of their national currency, which has led to higher prices for food and imported goods.[/size]
    [size=45]The French Press Agency reported in recent days that the devaluation of the Iraqi dinar caused an increase in the prices of imported commodities such as gas and wheat.[/size]
    [size=45]The French press reported that Iraq, which has foreign exchange reserves of more than $100 billion, must take measures to combat money laundering, combat terrorist financing and comply with sanctions such as those against Russia and Iran, to be able to use its funds.[/size]
    [size=45]The Wall Street Journal also wrote that, based on the new regulations, Iraqi banks must submit their dollar transactions to the central bank through a new online platform, which will then be reviewed by the Federal Bank of New York.[/size]
    [size=45]The newspaper added that the aim of this is to reduce the use of the Iraqi banking system as a tool to send dollars to Tehran, Damascus and other money laundering havens in the Middle East.[/size]
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