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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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    Report: The coordination framework bartered Washington to obtain dollar facilities

    rocky
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    Report: The coordination framework bartered Washington to obtain dollar facilities Empty Report: The coordination framework bartered Washington to obtain dollar facilities

    Post by rocky Mon Feb 06, 2023 7:59 am

    [size=30]Report: The coordination framework bartered Washington to obtain dollar facilities
    [ltr]2023.02.06 - 10:43[/ltr]
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    Baghdad - Nas  
    The leaders of the coordination framework, who met in Baghdad, picked up the signal made by US President Joe Biden regarding strengthening relations between Iraq and Jordan, to offer a trade-off that would allow the provision of trade and economic facilities to Jordan, in return for easing monetary pressure on the Central Bank of Iraq, according to a report by Al-Arab newspaper.  
      
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    President Biden had included the Jordanian monarch, King Abdullah II, who is visiting Washington, in the phone conversations he had with Iraqi Prime Minister Muhammad Shia al-Sudani, the day after the meeting that took place in Istanbul between the Governor of the Iraqi Bank, Ali Mohsen Al-Alaq, and the Undersecretary of the Treasury for Terrorism and Financial Intelligence, Brian Nelson, and representatives of the reserves. The US Federal Reserve, regarding restrictions on dollar transfers to Iraq.  
      
    And Biden urged the Sudanese to strengthen economic cooperation between Iraq and Jordan. This was considered by the leaders of the coordination framework as an opportunity to offer a bargain that proposes extending an oil pipeline from Basra to Aqaba in return for easing restrictions on cash transfers from the Federal Reserve to Iraq.  
      
    And the London-based newspaper mentioned in a report followed by "NAS" (February 6, 2023), that the leaders of the framework offered their agreement to reduce the economic activity of the factions, as an expression of compliance with Washington's concerns about remittances going to Iran.  
      
    Observers say that the real meaning of this trade-off is to allow the flow of dollars into Iraq, to ​​feed free markets with it, which is tantamount to plan "B" for dollar transfers to Iran, in return for reaching new trade agreements with Jordan.  
      
    Observers question the feasibility of the Basra-Aqaba oil pipeline proposal, saying that it is more beneficial for the two countries to extend the Kirkuk-Aqaba pipeline, but the framework forces want to prolong the implementation period until they are sure of the continued flow of dollars from the United States.  
      
    Observers of the newspaper believe that the forces of the framework do not want to stand in the face of Washington, because the restrictions imposed by the United States will not be limited in their effects to dollar flows to Iran, but threaten the plans of the Sudanese government to implement some development projects, which will eventually lead to a weakening of its grip. power or chances of staying in it.  
      
    The Central Bank of Iraq announced the day after the Istanbul meeting to take a series of measures to provide the dollar for legitimate purposes, which are subject to monitoring by the Federal Reserve at the same time.  
      
    However, the “private” banks affiliated with the framework factions deliberately bought dollars from free markets, to transfer them to Iran, which led to a decline in the price of the dinar again, especially since Iran owns huge quantities of Iraqi dinars, and it is ready to throw them into the Iraqi market at any price in exchange for the dollar. .  
      
    And officials in the Iraqi Ministry of Finance revealed that their American counterparts last month provided conclusive evidence that “Iran obtained large sums of dollars through Iraq in various ways, and that Iran uses what it gets from dollars in its nuclear program.”  
      
    The officials stated that Iraq is trying to reduce illegal transfers and that it has achieved success in that by up to 70 percent. sold in Iraq, and that Baghdad should take stricter measures by banning its access to smuggling suspects.  
      
    On the other hand, the Foreign Minister pledged that the delegation he heads to Washington (within two days) will present "a set of sober proposals that would reassure the American side of the success of the Iraqi government's steps to consolidate the sale of the dollar and prevent its smuggling, and that it is proceeding with its procedures and will not back down from it."  
      
    But the visit is aimed at easing restrictions on dollar transfers to Iraq. This will end up feeding alternative mechanisms for smuggling the dollar to Iran, Syria and Hezbollah in Lebanon.  
      
    Framework groups fear that the US warnings will end in imposing sanctions on some personalities and factions about whom the Undersecretary of the Treasury for Terrorism and Financial Intelligence has full details.  
      
    Although the framework groups are awaiting Washington's reaction to the barter proposal, Jordan hastened to offer other aspects of possibilities to build better trade cooperation relations.  
      
    The head of the Jordan and Amman Chambers of Industry, Eng. Fathi Al-Jaghbir, said, "Jordanian industry possesses distinct elements in a number of highly competitive sectors and industries."   
      
    Al-Jaghbir mentioned that Jordan has many potentials that make it able to contribute to reconstruction projects in Iraq, especially those related to infrastructure, health care, building schools, housing, rehabilitating factories, providing consulting and engineering services, and various technology programs.  
      
    The Jordanian industry also has the ability to support the reconstruction process in Iraq, such as the construction and mining industries that have a solid and wide production base of iron, cement, stone and marble products, in addition to chemicals such as paints, fertilizers and primary chemicals used in the construction and engineering industries, sanitary and electrical supplies.  
      
    These areas refer to projects that go beyond laying an oil pipeline to Aqaba, but they may not be implemented because local companies affiliated with Iran want to undertake them, on the one hand, to provide a kind of “legitimate cover” to obtain dollars from the Central Bank, and on the other hand, to show that the Sudanese government Real development projects are being implemented.   
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