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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


    The Central Bank issues a statement regarding the deprivation of some Iraqi banks from dealing in do

    Rocky
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    The Central Bank issues a statement regarding the deprivation of some Iraqi banks from dealing in do Empty The Central Bank issues a statement regarding the deprivation of some Iraqi banks from dealing in do

    Post by Rocky Thu 20 Jul 2023, 5:13 am

    The Central Bank issues a statement regarding the deprivation of some Iraqi banks from dealing in dollars
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    Baghdad today - Baghdad 
    Today, Thursday (July 20, 2023), the Central Bank of Iraq issued a statement regarding the sanctions imposed by the US Treasury on 14 Iraqi banks, while pointing out that the banks that were subjected to the ban enjoy the freedom to deal in Iraqi dinars.
    In its statement, the Central Bank indicated that preventing Iraqi banks from dealing in dollars came against the backdrop of checking bank transfers for the past year (2022) and before the application of the electronic platform and before the formation of the current government as well.
    And the Central Bank continued, according to its statement, which was received by “Baghdad Today,” that “banks deprived of dealing in US dollars enjoy complete freedom in dealing in Iraqi dinars with various services within the Iraqi banking system, in addition to their right to international dealings in currencies other than the US dollar.”
    Yesterday, Wednesday (July 19, 2023), the United States of America imposed sanctions on 14 Iraqi banks in a crackdown on Iran's dealings.
    The Wall Street Journal, in a report, quoted US officials as saying, "The United States prevented 14 Iraqi banks from conducting transactions in dollars."
    "The ban, which was imposed by the Treasury Department and the Federal Reserve Bank of New York, comes within the framework of a comprehensive campaign against the transfer of US currency to Iran," the newspaper's report said.
    The US decision comes a day after the Secretary of State, Anthony Blinken, signed, on Tuesday (July 18, 2023), a new exception that allows Iraq to pay electricity costs to Iran and allows for the first time to deposit these payments in accounts in non-Iraqi banks, according to a US official.
    The official, who spoke to Reuters on condition of anonymity, said the United States hoped the 120-day waiver would help ease Iranian pressure on Iraq to access funds that previously could only be held in restricted accounts in Iraq.
    According to the official, "Non-Iraqi banks will need to obtain US permission to disburse the funds, which will be directed only for humanitarian purposes."
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