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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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    Leaks reveal the results of the Iraqi delegation's visit to Washington regarding the dollar crisis

    Rocky
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    Leaks reveal the results of the Iraqi delegation's visit to Washington regarding the dollar crisis Empty Leaks reveal the results of the Iraqi delegation's visit to Washington regarding the dollar crisis

    Post by Rocky Sun 12 Feb 2023, 5:36 am

    [size=30]Leaks reveal the results of the Iraqi delegation's visit to Washington regarding the dollar crisis
    [ltr]2023.02.12 - 08:55[/ltr]
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    Baghdad - people  
    An informed source revealed the results of the Iraqi delegation's visit to Washington and the dollar crisis talks.  
      
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    The source (from within the delegation) said in a statement to "Ruado" followed by "NAS" (February 12, 2023), that "the Americans will agree in principle to grant Iraq a temporary deadline regarding Iraq's measures to combat corruption and money laundering, intensify the process, and control border crossings and airports in front of the exit of the country." Dollar and the new system for requesting money through claiming bills and the SWIFT system.  
      
    According to the source, "the Americans want to see what the changes will be on the ground and whether Iraq is able to implement the procedures they set, so easing the conditions will be relative and not lifting them completely."  
      
    He added, "Discussions are still ongoing and other details still need to be discussed regarding operational and technical issues, and the meetings will continue."  
      
    The delegation of the Central Bank of Iraq met, earlier, for many hours with both the delegation of the US Federal Reserve Bank and the US Treasury Department in Washington, DC.  
      
    According to a statement by the Central Bank, a copy of which "NAS" received (February 11, 2023), "the two parties expressed their willingness to work jointly to meet the challenges of working on the electronic platform for remittances and cash."    

    The delegation of the US Federal Reserve Bank and the US Treasury discussed "a number of support and attribution mechanisms for the Central Bank of Iraq, in a way that enhances its capabilities to deal flexibly with crises during this stage."    

    The US Federal Reserve affirmed that "the Central Bank of Iraq's measures are in the right direction to build a sober banking sector."    

    The Assistant Deputy Secretary of the US Treasury explained, "Ways to fully support the efforts of the government of Iraqi Prime Minister Muhammad Shia'a al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support."    
      
    The meeting listened to "a presentation by the Governor of the Central Bank of Iraq regarding the bank's directions in achieving its most important goals to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer."    

    And the Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed, "The bank's intention to launch the second package of facilities that would enhance the stability of the exchange rate." 
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