[size=30]Newspaper: The framework will agree to two demands of Washington for the stability of the exchange rate
[ltr]2023.02.05 - 11:05[/ltr]
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[ltr]2023.02.05 - 11:05[/ltr]
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A political source revealed that the coordination framework will agree to two demands of the United States of America in order to stabilize the exchange rate.
The source said in a statement to "Al-Mada" newspaper, followed by "Nass" (February 5, 2023), that "the coordination framework will agree to limit the factions and extend an oil pipeline from Basra to Aqaba in return for restoring the exchange rate to its previous price."
The source added, "The coordination framework is ready to do anything in exchange for remaining in power. This is the last chance for the frameworks to either continue ruling or lose everything."
And US President Joe Biden took the initiative to involve Jordan’s King Abdullah II in a call with Iraqi Prime Minister Muhammad Shia’a al-Sudani about the economic situation in Iraq, in a move observers said was intended to impose Jordan as a trade partner with Iraq, pay attention to its demands and accelerate the implementation of previous agreements between the two countries, according to Al-Arab newspaper, London.
The newspaper said in a report followed by "NAS" (February 4, 2023), that Washington is seeking to help Jordan alleviate the severity of the economic crisis it is going through, whether through direct American aid or by urging regional partners to help it, as is the case with Iraq, especially in the field of hydrocarbons.
The United States considers Jordan an important strategic partner, given its presence on the borders of Israel and its influential role in moving peace efforts. Syrian lands.
Observers believe that expanding the circle of dealings with Iraq is the last resort for Jordan, especially after the doors of Gulf grants have closed and IMF support is nearing an end, while the economic crisis is intensifying and threatening Arab Spring-like protests inside the Hashemite Kingdom.
Jordan complains that many of the promises made by Gulf countries for assistance have faltered or have not been implemented, and that Oman is now facing exceptional hardship as a result of the decline in remittances from residents in the Gulf after the expansion of job localization and the repercussions of the Corona epidemic.
In addition to that, Saudi Arabia decided to stop adopting the direct aid method that Jordan used to benefit from, and to compensate it with investment projects that do not provide urgent solutions to the Jordan crisis.
It is not believed that the Iraqi prime minister will reject Washington's request to provide urgent support to Jordan, expand the circle of commercial dealings, and implement what was previously agreed upon, especially the extension of the Iraqi oil pipeline to Jordan, known as the Basra-Aqaba pipeline, which is opposed by pro-Iranian parties.
The Americans have a bargaining chip and pressure on Iraq to implement these steps, which is the issue of financial transfers and the price of the dinar. Energy is one of Jordan's biggest concerns due to the high import cost and its impact on the trade deficit and the high prices of commodities in the local market.
Jordan and Iraq agreed last March to continue working on a memorandum of understanding signed between the two sides to import Kirkuk crude oil at a rate of 10,000 barrels per day, to be transported to the Jordanian oil refinery in Zarqa (east).
Last December, Jordan witnessed demonstrations in several locations inside the country to protest against the government's decision to increase the prices of fuel and basic materials.
The poverty rate in the Hashemite Kingdom increased to 24 percent, an increase of 6 percent from what it was previously, according to estimates that Minister of Planning and International Cooperation Nasser Al-Shuraideh spoke about in August 2021.
On Thursday, Biden hosted King Abdullah II at the White House. During a luncheon, in the presence of Crown Prince Al Hussein, he acknowledged the Kingdom of Jordan's "decisive role as guardian of the Islamic holy places in Jerusalem."
The Jordan News Agency (Petra) said that the US President thanked the Jordanian monarch "for the deep partnership between the two countries, and for his leadership of Jordan as an axis of stability in the Middle East region," stressing "the US's full commitment to supporting the kingdom's stability and economic prosperity to face various regional and global challenges."
The Jordanian government relies mostly on foreign aid, especially American, to secure its annual expenses. Jordan does not have any economic and financial resources, and therefore if external support is cut off, things will deteriorate at home.
During his meeting with the Jordanian monarch last July, the US President announced his country's intention to sign a new memorandum of understanding with Jordan, through which it would provide annual aid to this country of no less than $1.45 billion, during the period between 2023 and 2029.
Over the past years, the United States has provided generous aid to Jordan. It is in Washington's interest to promote stability in the Hashemite Kingdom, which hosts more than 1.3 million Syrian refugees, representing about 15 percent of Jordan's population.
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The source said in a statement to "Al-Mada" newspaper, followed by "Nass" (February 5, 2023), that "the coordination framework will agree to limit the factions and extend an oil pipeline from Basra to Aqaba in return for restoring the exchange rate to its previous price."
The source added, "The coordination framework is ready to do anything in exchange for remaining in power. This is the last chance for the frameworks to either continue ruling or lose everything."
And US President Joe Biden took the initiative to involve Jordan’s King Abdullah II in a call with Iraqi Prime Minister Muhammad Shia’a al-Sudani about the economic situation in Iraq, in a move observers said was intended to impose Jordan as a trade partner with Iraq, pay attention to its demands and accelerate the implementation of previous agreements between the two countries, according to Al-Arab newspaper, London.
The newspaper said in a report followed by "NAS" (February 4, 2023), that Washington is seeking to help Jordan alleviate the severity of the economic crisis it is going through, whether through direct American aid or by urging regional partners to help it, as is the case with Iraq, especially in the field of hydrocarbons.
The United States considers Jordan an important strategic partner, given its presence on the borders of Israel and its influential role in moving peace efforts. Syrian lands.
Observers believe that expanding the circle of dealings with Iraq is the last resort for Jordan, especially after the doors of Gulf grants have closed and IMF support is nearing an end, while the economic crisis is intensifying and threatening Arab Spring-like protests inside the Hashemite Kingdom.
Jordan complains that many of the promises made by Gulf countries for assistance have faltered or have not been implemented, and that Oman is now facing exceptional hardship as a result of the decline in remittances from residents in the Gulf after the expansion of job localization and the repercussions of the Corona epidemic.
In addition to that, Saudi Arabia decided to stop adopting the direct aid method that Jordan used to benefit from, and to compensate it with investment projects that do not provide urgent solutions to the Jordan crisis.
It is not believed that the Iraqi prime minister will reject Washington's request to provide urgent support to Jordan, expand the circle of commercial dealings, and implement what was previously agreed upon, especially the extension of the Iraqi oil pipeline to Jordan, known as the Basra-Aqaba pipeline, which is opposed by pro-Iranian parties.
The Americans have a bargaining chip and pressure on Iraq to implement these steps, which is the issue of financial transfers and the price of the dinar. Energy is one of Jordan's biggest concerns due to the high import cost and its impact on the trade deficit and the high prices of commodities in the local market.
Jordan and Iraq agreed last March to continue working on a memorandum of understanding signed between the two sides to import Kirkuk crude oil at a rate of 10,000 barrels per day, to be transported to the Jordanian oil refinery in Zarqa (east).
Last December, Jordan witnessed demonstrations in several locations inside the country to protest against the government's decision to increase the prices of fuel and basic materials.
The poverty rate in the Hashemite Kingdom increased to 24 percent, an increase of 6 percent from what it was previously, according to estimates that Minister of Planning and International Cooperation Nasser Al-Shuraideh spoke about in August 2021.
On Thursday, Biden hosted King Abdullah II at the White House. During a luncheon, in the presence of Crown Prince Al Hussein, he acknowledged the Kingdom of Jordan's "decisive role as guardian of the Islamic holy places in Jerusalem."
The Jordan News Agency (Petra) said that the US President thanked the Jordanian monarch "for the deep partnership between the two countries, and for his leadership of Jordan as an axis of stability in the Middle East region," stressing "the US's full commitment to supporting the kingdom's stability and economic prosperity to face various regional and global challenges."
The Jordanian government relies mostly on foreign aid, especially American, to secure its annual expenses. Jordan does not have any economic and financial resources, and therefore if external support is cut off, things will deteriorate at home.
During his meeting with the Jordanian monarch last July, the US President announced his country's intention to sign a new memorandum of understanding with Jordan, through which it would provide annual aid to this country of no less than $1.45 billion, during the period between 2023 and 2029.
Over the past years, the United States has provided generous aid to Jordan. It is in Washington's interest to promote stability in the Hashemite Kingdom, which hosts more than 1.3 million Syrian refugees, representing about 15 percent of Jordan's population.
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