[size=33]Washington confirms the continued provision of dollar services to Iraq
Iraqi banks have formed relationships with international banks for the first time[/size]
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The suspicious role of the forces supporting Sudan in the dollar crisis and their incitement against the region
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Iraqi banks have formed relationships with international banks for the first time[/size]
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[You must be registered and logged in to see this link.] [url=https://zagrosnews.net/ar/news?Tag=%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1 %D8%A7%D9%84%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A][You must be registered and logged in to see this link.] Ambassador[/url]
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The suspicious role of the forces supporting Sudan in the dollar crisis and their incitement against the region
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[rtl]Zagros - Erbil[/rtl]
[rtl] The US Ambassador to Baghdad, Alina Romanski, confirmed on Sunday that the United States will continue to provide dollar services to Iraq.[/rtl]
[rtl]While the Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed in a statement at the end of last month to the official news agency, that the Federal Reserve Board (the US central bank) and the US Treasury Department respond “to all requests related to the process of providing and strengthening the dollar Iraq needs by following sound rules and standards for the movement of funds.” ".[/rtl][rtl]Romanski also pointed out in a tweet on the “X” platform the US Treasury Department’s “cooperation” with the Central Bank of Iraq, noting that many Iraqi banks have formed relationships with international banks for the first time, considering this a positive step in reforming the banking sector.[/rtl]
[rtl]She confirmed that the United States will continue to provide dollar services to Iraq to serve its economic stability.[/rtl]
[rtl]It is noteworthy that the Federal Reserve Bank imposed procedures and restrictions on external financial transfers from Iraq, to ensure that they do not reach Tehran and Damascus.[/rtl][rtl]In an attempt to control dollar smuggling, the Central Bank issued a number of measures that did not have a significant impact on raising the value of the dinar or reducing the large demand for the dollar. The difference between the official exchange rate of 1,320 dinars per dollar and what is sold in the market encourages dollar smuggling networks. To increase its activity to achieve profits, in addition to the impact of this matter on the daily life of the Iraqi citizen.[/rtl]
[rtl]A report issued by the International Center for Development Studies, based in the British capital, also previously warned that attempts by the Central Bank of Iraq to prevent dollar smuggling have failed, as the price of the dinar continues to decline against the dollar, which exacerbates the suffering of Iraqis and raises the prices of goods.[/rtl]
[rtl]The report indicated that the Iraqi banking system, instead of contributing to the development of the Iraqi economy, has become a major obstacle to growth or attracting investments, in addition to becoming an essential accessory to money smuggling and money laundering networks.[/rtl]
[rtl]The report also estimates that two-thirds of the Central Bank of Iraq's sales in what is known as the "currency selling window", which ranges at levels of $250 million per day, did not benefit the Iraqi market over the past two decades, which led to the country losing sums of money of no less than $400 billion.[/rtl]
[rtl]The British report did not rule out that dollar smuggling operations would lead to the isolation and ban of more Iraqi banks because some of them contribute to violating international sanctions, pointing out that the recent US Treasury decisions to impose a ban on a number of Iraqi banks, and oblige the rest to comply with the platform for monitoring the movement of electronic funds. It is only the beginning of more difficult, deeper and more painful steps.[/rtl]
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