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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


    US Ambassador: Washington's Actions Towards The Dollar Took Place In Agreement With The Central Bank

    Rocky
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    US Ambassador: Washington's Actions Towards The Dollar Took Place In Agreement With The Central Bank Empty US Ambassador: Washington's Actions Towards The Dollar Took Place In Agreement With The Central Bank

    Post by Rocky Tue 24 Jan 2023, 6:48 am

    US Ambassador: Washington's Actions Towards The Dollar Took Place In Agreement With The Central Bank Of Iraq
    01/24/2023
    1439

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    Earth News / The US Ambassador to Iraq, Elena Romanowski, confirmed today, Tuesday, that her country's measures towards the dollar were not designed in any way to be political, but were designed in agreement with the Central Bank of Iraq to stand up to money laundering and focus on the anti-corruption agenda.
    Romanowski said in a statement, followed by Earth News Agency, that the application of these measures was coincidental, shortly after Prime Minister Muhammad Shia al-Sudani assumed his position, while she revealed that she was proceeding with the Central Bank of Iraq to consider finding some ways to deal with the effects of the exchange rate.
    She added, “She would like to clarify a very complex issue, especially since many are not specialized in the details of the global banking sector or money laundering, but at the outset I would like to point out that the United States does not set the exchange rate between the Iraqi dinar and the US dollar, just as we did not put any new sanctions on Iraqi banks.” New".
    And she continued, “What he did is to continue the mechanism that took several years to strengthen the Iraqi banking sector to help other banks in Iraq comply with the global banking system, and to ensure that the system is neutralized (prevented) by criminals and malicious parties in money laundering, this money returns to the Iraqi people and is smuggled out of Iraq.
    And she explained that "these measures were taken by her country about two years ago, and they were gradually implemented by the banks and agreed upon by the US Federal Bank and the Central Bank of Iraq."
    Regarding the possibility that Washington would help the Sudanese to temporarily postpone the implementation of these measures, she said, "It would like to clarify the confusion regarding those procedures that were put in place over a long time, and are designed to prevent money laundering. If we suspend or lift them, this means returning the system back." She added, "What you are doing is continuing the close dialogue with the Central Bank of Iraq and closely monitoring the effects that may be obtained on the Iraqi citizen who uses informal secondary financial institutions, and this discrimination that has occurred with the Central Bank of Iraq, which sets the official exchange rate."
    And she indicated that “after putting in place those regulatory procedures, transactions that go outside the country are considered, and a lot of money is transferred through the informal banking system, and thus you can see the discrepancy and volatility in the exchange rate, and unfortunately sometimes this affects the ordinary citizen who needs dollars to make his purchases.” regular.”
    And she concluded by saying that they “will spend some time in this area with the Central Bank of Iraq to see some ways to address some of these effects.”
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