Warning that Iraqi funds remain with the US Federal Bank - urgent
[You must be registered and logged in to see this link.] |Today
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.] |Today
[You must be registered and logged in to see this image.]
+A
-A
Baghdad today - Baghdad
Today, Thursday (October 26, 2023), economic expert Saleh Al-Sarfi warned of the consequences of Iraqi funds remaining with the US Federal Bank, noting that their presence may constitute a tool of pressure exerted by Washington on Baghdad.
The banker said in an interview with "Baghdad Today", "All Iraqi oil funds are deposited directly in a special account in the US Federal Bank, and Baghdad is submitting a request to obtain the funds to cover operational expenses and the rest of the other obligations," pointing out that "this procedure is not recent, but has been adopted." During the economic blockade in the nineties of the last century after the application of the oil-for-food principle.
He added, "Washington's excuses for keeping Iraq's funds under its control at the Federal Reserve are due to the state of political instability and the consideration that the country is going through complex and unstable circumstances, in addition to protecting the funds from a large number of cases filed against Baghdad as a result of previous wars."
He pointed out that "there are risks from Iraqi funds remaining in the US Federal Reserve, most notably the direct impact of any crisis that strikes the American economy, in addition to it being considered a pressure tool that Washington can exert towards Baghdad."
On October 6, Washington rejected Iraq's request to obtain one billion dollars in cash from the Federal Reserve Bank, under the pretext that it conflicts with their efforts to curb Baghdad's use of the dollar and stop illicit cash flows to Iran.
The American Wall Street Journal reported that since the American invasion of Iraq two decades ago, the United States has provided $10 billion or more annually to Baghdad via bi-monthly cargo flights, and the money is derived from the proceeds of Iraqi oil sales deposited with the Federal Reserve Bank.
American officials said, "Banknotes in the hands of Iraqis have become a lucrative source of illicit dollars that go back to militias and corrupt politicians, as well as to Iran."
By applying for an additional $1 billion shipment, Iraq says it needs the money to help prop up its faltering currency. A senior Iraqi official explained that "last week, the Central Bank of Iraq submitted an official request that the Treasury Ministry is still studying, after Washington rejected the initial request submitted by Iraq last month."
According to the newspaper, since last November, Washington has prevented 18 Iraqi banks from dealing in dollars, adopting stricter rules for electronic transfers in dollars from its banks.
Treasury officials told Iraqi central bank governors that sending a large additional shipment conflicts with Washington's goal of limiting Iraq's use of US banknotes, Iraqi officials said.
American officials spoke of conclusive evidence that some of the dollars that were arriving in Iraq were smuggled in cash over the years to Iran, as well as to Turkey, Lebanon, Syria and Jordan.
A Treasury Department spokeswoman said regarding the Iraqi request, “The United States continues to support Iraq with dollar banknotes and has not restricted its access to ordinary Iraqis and businesses,” indicating continued work with the Central Bank of Iraq.
[You must be registered and logged in to see this link.]
Yesterday at 3:15 pm by Rocky
» utube MM&C 10/17/24 MM&C News Reporting - Iraq Dinar Updates 10/16/2024
Yesterday at 8:13 am by Rocky
» Aides CUT OFF Interview as Kamala Harris BOMBS on Fox News
Yesterday at 6:59 am by Rocky
» Trump's women's voters town hall oct 16-24
Yesterday at 6:59 am by Rocky
» MM&C 10/16/24 Iraq Increases Reserves at IMF by 50%
Yesterday at 6:58 am by Rocky
» MM&C 10/15/24 US Senate enters the line of pressure on the Central Bank of Iraq
Yesterday at 6:57 am by Rocky
» utube MM&C 10/15/24 Attention to Valuation-Revaluation of Currency-IMF-WB-Viewpoints
Yesterday at 6:57 am by Rocky
» Trade Bank of Iraq announces the imminent opening of Al-Saydiyah and Al-Samawah branches
Yesterday at 6:53 am by Rocky
» Finance launches third issue of government bonds “Enjaz” for public subscription
Yesterday at 6:52 am by Rocky
» Washington: We support Iraq’s economic reform agenda, updating the budget and enhancing transparency
Yesterday at 6:49 am by Rocky
» Muqtada al-Sadr: German Foreign Minister must retract her statements supporting the killing of civil
Yesterday at 6:44 am by Rocky
» About $270 million in sales from the Central Bank of Iraq at today's auction
Yesterday at 6:42 am by Rocky
» Oil Ministry: Iraq is one of the worst violators of gas flaring rules
Yesterday at 6:41 am by Rocky
» Al-Sudani chairs a meeting to follow up on efforts to develop the work of the government banking sec
Yesterday at 6:39 am by Rocky
» Al-Sudani stresses the importance of banking reform in enhancing citizen confidence and cooperation
Yesterday at 6:36 am by Rocky
» BRICS currency.. Government advisor: A global monetary and financial system is about to be born
Yesterday at 5:56 am by Bama Diva
» Iraq imports 17% of Jordanian food industry products
Yesterday at 5:08 am by Rocky
» MP: 3 Iraqi messages at the International Conference of Speakers of Parliaments in Geneva
Yesterday at 5:05 am by Rocky
» The Minister of Oil dismisses the Director General of the North Oil Company from his position
Yesterday at 5:03 am by Rocky
» Nechirvan Barzani calls on Baghdad not to be afraid of arming the Peshmerga: They are defending Iraq
Yesterday at 5:02 am by Rocky
» Two waste sites identified for use in energy generation in Baghdad
Yesterday at 5:00 am by Rocky
» EU seeks to build economic corridor with Gulf states
Yesterday at 4:57 am by Rocky
» Industry announces obligating brick factories to switch to gas instead of black oil
Yesterday at 4:56 am by Rocky
» Iraq ranks third in real estate purchases in Türkiye during the month
Yesterday at 4:55 am by Rocky
» The President of the Republic discusses the investment situation in the country
Yesterday at 4:53 am by Rocky
» Iraq reconstruction projects before Arab ministers
Yesterday at 4:52 am by Rocky
» Al-Sudani: The government has regained the confidence of citizens
Yesterday at 4:51 am by Rocky
» Major government campaign to combat environmental pollution
Yesterday at 4:50 am by Rocky
» The food basket and care increased the citizen’s share of the GDP.
Yesterday at 4:48 am by Rocky
» Economic Contradictions: Argentina as a Model
Yesterday at 4:47 am by Rocky
» Malians: No significant impact of dollar's rise in markets
Yesterday at 4:46 am by Rocky
» Calls to speed up the establishment of the {Bank of the Poor}
Yesterday at 4:45 am by Rocky
» Today.. The Kurdistan government announces a list of September salaries
Yesterday at 4:40 am by Rocky
» Al-Sudani pledges to adopt a 5-dimensional "integrated strategy" to support Diyala
Yesterday at 4:38 am by Rocky
» Barzani and Erdogan discuss the development road project
Yesterday at 4:37 am by Rocky
» The Presidency of the Republic calls for submitting applications regarding death sentences that do n
Yesterday at 4:36 am by Rocky
» Iraq is heading to import gas from deep in Asia
Yesterday at 4:34 am by Rocky
» They brought in about 4 billion dollars.. Iran receives more than 4 million tourists, led by Iraq, i
Yesterday at 4:30 am by Rocky
» Will "Turkmen gas" change the reality of electricity in Iraq?
Yesterday at 4:29 am by Rocky
» Politician: US Ambassador Failed to Create Western Veto on Parliament Laws
Yesterday at 4:27 am by Rocky
» White House adopts hotline with Baghdad in preparation for indirect negotiations with Tehran
Yesterday at 4:25 am by Rocky
» Deputy Minister of Oil publishes phrases for unknown reasons on his Facebook account
Yesterday at 4:24 am by Rocky
» He inaugurated and announced strategic projects and issued 3 important decisions.. Dimensions of Al-
Yesterday at 4:23 am by Rocky
» The trial period for raising the prices of improved gasoline has ended, and the amount of revenues i
Yesterday at 4:22 am by Rocky
» Iraq is the fourth in the world in violating “Internet freedom” during 2024
Yesterday at 4:21 am by Rocky
» Parliament Speaker Crisis Looms.. Coordination Framework Agrees to Support Al-Mashhadani
Yesterday at 4:19 am by Rocky
» Al-Sudani Party: Parliament fully supports the Prime Minister
Yesterday at 4:19 am by Rocky
» Kurdistan Finance Deposits More Than 77 Billion in Non-Oil Revenues into Baghdad Treasury
Yesterday at 4:17 am by Rocky
» Causing environmental pollution.. Closure of 30 metal smelting sites east of Baghdad
Yesterday at 4:15 am by Rocky
» Traffic announces the imminent start of issuing license plates for taxis, trucks and bicycles
Yesterday at 4:14 am by Rocky
» A huge fire devours a hypermarket in Baghdad
Yesterday at 4:13 am by Rocky
» Planning: The general census will collect accurate information on employees in the public and privat
Yesterday at 4:12 am by Rocky
» The Commission announces its full readiness to hold the Kurdistan Regional Parliament elections
Yesterday at 4:11 am by Rocky
» The Coordination Framework agrees to support Al-Mashhadani for the presidency of Parliament
Yesterday at 4:10 am by Rocky
» Sunni political meeting to discuss general amnesty and the issue of the position of the Speaker of P
Yesterday at 4:09 am by Rocky
» Petroleum Products: The percentage of imports of derivatives decreased to 50 percent
Yesterday at 4:08 am by Rocky
» "Medicines in Iraq" .. Talk about smuggled treatments and the absence of a pharmaceutical policy
Yesterday at 4:05 am by Rocky
» Dollar exchange rate drops on Thursday morning
Yesterday at 4:03 am by Rocky
» "Suspicion" in Karbala Refinery: Failure to train Iraqi cadres.. Korean will renew the operating con
Yesterday at 4:02 am by Rocky
» Parliamentary Committee Talks About Economic Reform Law: It Reached Parliament Months Ago
Yesterday at 4:00 am by Rocky
» New Study Talks About an American Crime: Uranium Fingerprint in the Blood of Iraqis
Yesterday at 3:59 am by Rocky
» Electoral silence in Kurdistan before stormy vote
Yesterday at 3:58 am by Rocky
» Special voting for Kurdistan elections starts tomorrow and the commission announces its readiness
Yesterday at 3:57 am by Rocky
» Iraq's 2025 budget returns to the forefront, so what are the demands?
Yesterday at 3:55 am by Rocky
» great interview President Trump's Interview with Bloomberg at The Economic Club of Chicago
Wed 16 Oct 2024, 7:03 am by Rocky
» Foreign remittance sales increase by 97% at Central Bank auction
Wed 16 Oct 2024, 6:44 am by Rocky
» Al-Maliki invites international companies to invest in agriculture in Iraq
Wed 16 Oct 2024, 5:14 am by Rocky
» MP urges Sunni forces to decide on Parliament Speakership
Wed 16 Oct 2024, 5:12 am by Rocky
» Al-Sudani is upset with the procrastination and threatens to withdraw the Australian hospital projec
Wed 16 Oct 2024, 5:11 am by Rocky
» The Coordination Framework agrees to support Al-Mashhadani for the presidency of Parliament and pass
Wed 16 Oct 2024, 5:10 am by Rocky
» Finance Minister and US Ambassador Discuss Government Efforts to Achieve Economic Reforms
Wed 16 Oct 2024, 5:08 am by Rocky
» Parliamentary Services: Nearly 80% of waste landfill sites do not have environmental approvals
Wed 16 Oct 2024, 5:06 am by Rocky
» "The rise of the dollar is not the reason".. An expert reveals the reasons for the rise in meat pric
Wed 16 Oct 2024, 5:05 am by Rocky
» Al-Sudani lists the implementation of 99 schools in Diyala with funding from this party
Wed 16 Oct 2024, 5:04 am by Rocky
» Al-Furatain Bloc: Al-Sudani's government is working to complete all service projects on time
Wed 16 Oct 2024, 5:03 am by Rocky
» The Central Bank reveals the percentage of gold in Iraq's foreign currency reserves
Wed 16 Oct 2024, 5:02 am by Rocky
» Rusafa is cleaner than Karkh.. Analysis of the air pollution index in Baghdad
Wed 16 Oct 2024, 5:00 am by Rocky
» Medical complex for the treatment of psychological disorders and drug addiction
Wed 16 Oct 2024, 4:59 am by Rocky
» Toxic waste
Wed 16 Oct 2024, 4:58 am by Rocky
» Al-Sudani: We have started to address environmental pollution
Wed 16 Oct 2024, 4:57 am by Rocky
» Opening of Bastora Dam in Erbil
Wed 16 Oct 2024, 4:55 am by Rocky
» A move to build hospitals to treat mental disorders
Wed 16 Oct 2024, 4:54 am by Rocky
» Al-Naili to {Sabah}: Starting to establish the Martyrs Fund
Wed 16 Oct 2024, 4:53 am by Rocky
» National Lending Strategy
Wed 16 Oct 2024, 4:51 am by Rocky
» Exporting aviation fuel... a new step towards diversifying revenues
Wed 16 Oct 2024, 4:50 am by Rocky
» Oil falls, OPEC cuts growth forecast
Wed 16 Oct 2024, 4:49 am by Rocky
» Foreign Minister leaves Baghdad on a European tour that begins with a visit to Ireland and ends in F
Wed 16 Oct 2024, 4:48 am by Rocky
» Launching of the activities of the international scientific conference under the slogan "Development
Wed 16 Oct 2024, 4:46 am by Rocky
» Parliamentary recommendations to update the proposed law on the organization of trade unions for wor
Wed 16 Oct 2024, 4:44 am by Rocky
» Minister of Finance stresses the importance of partnership with the United States to achieve sustain
Wed 16 Oct 2024, 4:43 am by Rocky
» Minister of Transport supervises the submersion of concrete pieces of the submerged tunnel in the Gr
Wed 16 Oct 2024, 4:41 am by Rocky
» The Parliamentary Oil Committee meets with the Minister of Electricity to explain the mechanisms for
Wed 16 Oct 2024, 4:40 am by Rocky
» MP calls for electing a chairman for the Nineveh Investment Commission
Wed 16 Oct 2024, 4:39 am by Rocky
» The Council of Ministers decides to appoint 7 general managers in various ministries
Wed 16 Oct 2024, 4:38 am by Rocky
» Transport issues clarification regarding a photo of its Minister with the Minister of Oil: Private v
Wed 16 Oct 2024, 4:36 am by Rocky
» Barzani heads to Ankara tomorrow carrying 6 files
Wed 16 Oct 2024, 4:35 am by Rocky
» Al-Sudani puts major countries before their responsibilities
Wed 16 Oct 2024, 4:34 am by Rocky
» Iraqi oil suffers heavy losses in third session of the week
Wed 16 Oct 2024, 4:32 am by Rocky
» Al-Hakim calls for greater attention to food security and agricultural production
Wed 16 Oct 2024, 4:31 am by Rocky