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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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    Sources reveal details of the Iraqi-American understandings regarding the dollar crisis

    Rocky
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    • Post n°1

    Sources reveal details of the Iraqi-American understandings regarding the dollar crisis Empty Sources reveal details of the Iraqi-American understandings regarding the dollar crisis

    Post by Rocky Tue 14 Feb 2023, 5:02 am

    Sources reveal details of the Iraqi-American understandings regarding the dollar crisis

    [ltr]2023.02.14 - 09:57[/ltr]


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    Baghdad - Nas  
    Political circles are talking about a renewable "grace period" granted by the US Treasury to Iraq regarding the circulation of the dollar, while the government denies these reports. And those circles refer to a series of understandings between Baghdad and Washington that resulted in postponing work on the American platform for a few months.  
      
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    Al-Mada stated in a report followed by "NAS" (February 14, 2023) that among these understandings is related to the fate of the American forces, increasing the oil partnership and opening new fields within what is known as the "strategic agreement" with Washington.  
      
    It was remarkable that the central bank's sales jumped the day before yesterday, Sunday, from the dollar to more than 300 million dollars in one day, which is the most in about 3 months, before it returned yesterday to decline again.  
      
    The newspaper's sources said that "the Iraqi delegation to Washington was able to obtain a period of 3 months that can be extended before entering the SWIFT system (which is a global remittance system)."  
      
    During the last grace period, the United States is supposed to monitor Iraq's commitments to control money smuggling.  
      
    And the sources close to the coordination framework that leads the government add that "Iraq presented flexible positions regarding the oil pipeline to Aqaba, and there were previous understandings regarding stopping the bombing of the coalition forces."  
      
    Signs of those understandings had emerged during the first call that took place more than a week ago between Prime Minister Muhammad al-Sudani and Joe Biden, the American president, in which the Jordanian King Abdullah II later participated.  
      
    The sources indicated that Iraq "faces two problems: smuggling the dollar and attempts to smuggle stolen Iraqi money abroad to be used later in money laundering operations."  
      
    Iraq pledged during the delegation's visit, according to the sources, to address these problems, while it will gradually enter the "Swift" system, which needs infrastructure and training.  
      
    During the meeting of the Iraqi-American delegation, documents from the US Congress were leaked warning the Washington government against dollar laundering in Iran through Iraqi leaders and senior officials in the financial system.  
      
    In turn, Mazhar Muhammad Salih, the financial advisor to the government, denies "the existence of an extension of the American procedures regarding the circulation of the dollar."  
      
    Salih said in a press interview, "Iraq is 100% committed to these conditions, and we have no other solution than commitment and intensification of dialogues."  
      
    Regarding the increase in the central bank's sales on Sunday, the Sudanese advisor said it was "due to the accumulation of dollar demand and banks' improvement of their data."  
      
    Regarding the summary of the Iraqi delegation's meeting in Washington last week, Saleh asserts that "Baghdad will continue to reach understandings and open other aspects of the strategic framework agreement with Washington."  
      
    The government's policy, led by the coordination framework, towards the United States was the least conservative in the past three years, according to observers' description.  
      
    Since the government took over, operations targeting the US embassy and camps, which have recorded 120 attacks with 300 missiles in the last three years, have suddenly stopped.  
      
    Yesterday, Muhammad al-Najjar, the government advisor for investment affairs, said that Iraq would activate "7 inactive items in the strategic agreement" with the United States.  
      
    Al-Najjar said in a statement to state television that the delegation's recent visit to Washington "aims to lay new foundations for cooperation with the United States," noting that "one part of the strategic agreement between Iraq and the United States is activated, which is the security, intelligence and military part."  
      
    He added, "The situation in Iraq has changed, and Prime Minister Muhammad Shia' al-Sudani sought to activate most parts of the agreement in order for it to be a new starting point for cooperation between the two countries."  
      
    Al-Najjar said that the agreement with Washington is not only in the security and military aspects, but there are aspects in education, culture, trade and the introduction of "modern technology (...) through the aircraft industry, the agricultural field and food security."  
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