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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


    Newspaper: Dollar smugglers have an alternative after the US restrictions and Iraqi measures

    Rocky
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    • Post n°1

    Newspaper: Dollar smugglers have an alternative after the US restrictions and Iraqi measures Empty Newspaper: Dollar smugglers have an alternative after the US restrictions and Iraqi measures

    Post by Rocky Tue 14 Feb 2023, 5:01 am

    [size=30]Newspaper: Dollar smugglers have an alternative after the US restrictions and Iraqi measures
    [ltr]2023.02.14 - 10:28[/ltr]
    [/size]
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    Baghdad - Nas  
    Al-Arab newspaper quoted sources and observers as saying that the (supposed) deadline given to Iraq will allow the money smugglers to rearrange their situation, by finding alternatives, with the Central Bank continuing to sell huge amounts of dollars daily that come out of the local economic cycle and do not return to Iraq until If it is in the form of goods, commodities and services.  
      
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    The London-based newspaper mentioned in a report followed by "NAS" (February 14, 2023) that one of the methods that was previously tried, especially during the reign of the Nuri al-Maliki government between 2006 and 2014, is to appoint local companies, linked to the Iranian Revolutionary Guard, to implement fictitious projects. And that was before it ended either by declaring bankruptcy and establishing new companies, or by completing a limited part of the projects and neglecting the rest.  
      
    According to the newspaper, this method is an ideal model because it is based on official government transfers, which do not violate the rules of financing, but the other side of it ends up stopping the business on which the money was spent. And she added: buying corrupt equipment was another means of "legitimate" transfers.  
      
    On Monday, deputies in the coordination framework, which represents the political umbrella for pro-Iranian forces, expressed their satisfaction with the course of negotiations in Washington.  
      
    The Iraqi delegation in Washington, headed by Foreign Minister Fuad Hussein, revealed the content of its meeting with the US Treasury regarding the dollar.   
      
    The Deputy Prime Minister and Minister of Foreign Affairs, Fouad Hussein, said in statements to Kurdish media from Washington, followed by "NAS" (February 10, 2023), that "we had a good meeting with the US treasury and they have a good understanding of the negotiations of the Central Bank of Iraq and representatives of the treasury."  
      
    The head of the Iranian-Iraqi Joint Chamber of Commerce stated, on Monday, that exports to Iraq continue without any obstacles, despite the restrictions imposed on the dollar in Iraqi banks that delayed transfers, and he expected that the delay in transfers to Iran would be resolved in the coming days.   
      
    Yahya Hussein Al-Ishaq added (February 13, 2023), "We discussed several issues related to the dinar and the dollar and the situation of the dollar in Iraq and the region," noting that "the measures taken by the Central Bank are in the interest of the country and its economy," noting that "the results of the delegation's meeting with the treasury are positive and will be It has effects on improving the status of the Iraqi currency."   
      
    "I see that the problem is on its way to a solution in favor of strengthening the value of the dinar and stabilizing the exchange rate," he said, explaining that "the money deposited in the Federal Bank belongs to Iraq, but since it is an American currency, how to spend it is a common policy between the two sides."  
      
    And he added, "With the new banking sanctions imposed by the United States, the supervision of banks and transfers in this country increased in terms of dollars, which led to the imposition of restrictions."   
      
    He said: "The supply of dollars in the Iraqi market decreased and its price increased, which affected the country's business."  
      
    Al-Ishaq stressed: "Currently, some Iraqi money changers are delaying transfers because the price of the dinar was expected to rise again, but that did not happen, and transfer problems will be resolved in the coming days."  
      
    He also stressed that "trade relations between Iran and Iraq are safe," he said: "With the government of this country creating a balance in the exchange rate of the dinar and the dollar in Iraq, the volatile atmosphere will decrease and problems will be solved."  
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