Foreign Minister: Iraq has established a joint monitoring mechanism with the US Treasury to regulate

[size=46]Foreign Minister: Iraq has established a joint monitoring mechanism with the US Treasury to regulate the movement of the dollar[/size]

Economie

[size=30]Iraqi Foreign Minister Fouad Hussein confirmed today, Thursday, that Iraq and the United States have set up a mechanism to monitor the movement of the dollar, and he made it clear that each country of the two parties has its own policy for dealing with countries such as Iran, stressing that Iraq still needs American forces to provide advice, training and exchange security information.[/size]
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Iraqi Foreign Minister Fouad Hussein said in an interview with "Voice of America" ​​radio, "Washington and Baghdad agreed on a mechanism that will make it difficult for dollars to move without the knowledge of the Iraqi government and the US Treasury," adding that "he did not go to visit Washington, to say that the dollar does not He must enter this country or that country."[/size]
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Hussein noted in the meeting that he "discussed in Washington the issue of the sharp decline in the value of the dinar, and that the Central Bank of Iraq has taken a number of measures that appear in this regard," expressing his belief that "the currency price is slowly stabilizing," explaining that "a system has been put in place that enables  Baghdad And Washington monitors the destination of the money through it,” and that “under the new system, it will be difficult for dollars to be moved without the knowledge of the Iraqi government and the US Treasury,” adding that “a mechanism has been put in place to regulate the flow of dollars” from Iraq.[/size]
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Regarding the goals of Washington's visit and the issue of the dinar, Hussein explained, "The main reason for our coming is to strengthen ties, especially in the areas of finance and economy, and among these issues is related to the currency. I believe that the discussions we had with the US Treasury and the Federal Reserve have reached a good result. The Central Bank has taken Iraqi a number of measures that seem to be supported.[/size]
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Responding to a question about the steps taken by the Iraqi government to prevent money from going to Iran, the Iraqi minister stated that "the Iraqi society buys everything from abroad, from agricultural materials to foodstuffs, medicines and industrial goods, and if you look at Iraq's trade or its trade balance with countries The other, you will find that everything comes from abroad as the Iraqi market and the Iraqi government spend a lot of dollars on that.[/size]
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And the Iraqi Foreign Minister stated, "For this reason, the dollar's going abroad is a good thing if it is related to trade, except that there was no mechanism for how to issue dollars from the central bank, who would get them from the Iraqi market, and how they would go abroad, but now, a mechanism has been put in place to organize the movement of The dollar. This mechanism slowly controls the flow of dollars through smuggling or other purposes.”

When the American radio asked him if this mechanism would prevent dollars from entering Iran through Iraq, Hussein said, "We did not come to say that the dollar should not enter this or that country. We came here to regulate the conditions of the dollar in the Iraqi market, when it is regulated in the market." Iraqi, this means that dealing in US dollars will be normal.

The minister continued, saying that "under the new system, it will be more difficult for dollars to go to another place without the knowledge of the Iraqi government and the US Treasury Department."

In response to a question about issues that had not been agreed upon with the Americans, Hussein said, "We did not come here to agree on everything. They have their own policies, for example, they have their own policy towards Russia, and they have their own policy towards Iran. For us, Iran is a neighboring country, and we are We deal with it differently, that's a fact."

Regarding the Iraqi factions' position on the presence of foreign forces, Hussein said, "It is clear that there is a need for the American forces that are still in Iraq to remain, for the security and military interests of Iraq." He added, "Let me clarify something: These are not combat forces. Based on a mutual agreement, these American forces provide advice and training to the Iraqi army and the Peshmerga forces. They also helped us exchange intelligence information, especially regarding (ISIS) terrorists."[/size]
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