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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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    The release of 3 billion dollars of frozen Iranian funds in Iraq

    Rocky
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    The release of 3 billion dollars of frozen Iranian funds in Iraq Empty The release of 3 billion dollars of frozen Iranian funds in Iraq

    Post by Rocky Sat 10 Jun 2023, 6:47 am

    [size=35][size=35]The release of 3 billion dollars of frozen Iranian funds in Iraq[/size]
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    2023-06-10 | 06:38
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    Alsumaria News - Internationals


    The head of the Iranian-Iraqi Joint Chamber of Commerce announced today, Saturday, the release of $3 billion in Iran's dues to Iraq.


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    According to Tasnim News Agency, the head of the Iranian-Iraqi Joint Chamber of Commerce, Yahya Al-Ishaq, announced the release of part of[You must be registered and logged in to see this link.]'s dues in Iraq, saying: Some of[You must be registered and logged in to see this link.]'s frozen resources in Iraq have been allocated to the needs of pilgrims, and part of the money is also paid for the supply of basic commodities.



    He continued: The data indicates that the amount paid is about three billion dollars.

    The head of the joint Iranian-Iraqi Chamber of Commerce confirmed, referring to permission to pay part of Iran's dues from before[You must be registered and logged in to see this link.], that this event will certainly have a positive impact on the markets because the needs of the Central Bank are high and basic commodities have been purchased.

    Al-Ishaq said: In fact, opening the currency can contribute significantly to the stability of the currency market as well as commodities.

    And Iranian Oil Minister Javad Oji said, earlier, on the sidelines of the government meeting, referring to the export of gas to[You must be registered and logged in to see this link.]: “Whatever gas we sell to Iraq, (its value) is deposited in the Commercial Bank of Iraq. However, the Iraqis have conditions related to gas money, which must be exchanged for medicine and basic commodities only.

    Oji confirmed that Iran pressured the Iraqi side to remove these restrictions.

    He added, “We are currently negotiating with the Iraqi side to solve this issue, to receive money from exporting gas in any way we want, similar to Turkey.”

    And Jawad Oji recognized the problems of receiving gas export funds to[You must be registered and logged in to see this link.]From this country at a time when Ebrahim Raisi just one day ago at the conclusion of the meeting of heads of representatives of the Islamic Republic abroad claimed that the sanctions do not affect the process of expanding and developing Iran's foreign cooperation.

    Iranian oil and gas requests from various countries have been turned into a tangled mess during the banking and financial sanctions. The issue of blocking Iran's funds in[url=https://www.alsumaria.tv/Entity/47772/%D9%83%D9%88%D8%B1%D9%8A%D8%A7 %D8%A7%D9%84%D8%AC%D9%86%D9%88%D8%A8%D9%8A%D8%A9/ar/]South Korea[/url]The country asked for gas from[You must be registered and logged in to see this link.]It is the most famous part of this story.

    and put[You must be registered and logged in to see this link.]Its debts to Iran are held in a special account at the Commercial Bank of Iraq (TBI) in a process agreed upon between the two countries, on the condition that Tehran uses this money to purchase goods such as medicines that are not targeted by US sanctions.

    A few weeks ago, the Iraqi Ministry of Electricity confirmed that Iranian gas supplies had declined by 20 million cubic meters, revealing that the government was moving diplomatically to end the problem of delayed payments due to US sanctions on Tehran.

    A spokesman for the Iraqi Ministry of Electricity, Ahmed Musa, said regarding the decline in supply hours, Musa explained, “The reason is due to the complete halt of Iranian gas supplies to the southern region, at an amount of 10 million cubic meters, as the Rumaila gas and investment stations and the Najaf gas station were affected, and the Khor Al-Zubair station in Basra was stopped.”

    And he continued, “We were also surprised by the stopping of Iranian gas supplies to the central region and also by 10 million cubic meters, which means stopping 20 million cubic meters in the center and the south, which reduced production by 5 thousand megawatts, In addition to stopping power transmission lines from[You must be registered and logged in to see this link.], Mirsad-Diyala, Basra-Khormanshah and Amarah-Karkheh.” Its total production is 1,100 megawatts, which means a total decrease of more than 6,000 megawatts, while the total production is currently 20,000 megawatts.

    He stressed, "The reason for stopping is the debts of Iranian gas, which are difficult to pay by the Trade Bank of Iraq due to the US sanctions on Tehran, and there is government follow-up and diplomatic action to find a final solution to the issue.”
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