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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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    An economist reveals the number of banks punished by the US Federal Reserve

    Rocky
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    An economist reveals the number of banks punished by the US Federal Reserve Empty An economist reveals the number of banks punished by the US Federal Reserve

    Post by Rocky Tue 27 Feb 2024, 2:13 pm

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    [size=52]An economist reveals the number of banks punished by the US Federal Reserve[/size]
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    Today, Tuesday, the economic expert, Nasser Al-Kinani, revealed the number of Iraqi banks affected by US sanctions, while he confirmed that the Federal Bank has suspended the work of 26 banks so far.  
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    Al-Kanani said in an interview with the Maalouma Agency, “The US Treasury did not justify the reasons for the suspension or the sanctions that were issued against these banks,” noting that “the sanctions removed these banks from the platform for selling dollars at the Central Bank.”
    He continued, "The sanctions have permanently stopped all foreign transactions and services provided by these banks," pointing out that "the sanctions issued by the US Federal Reserve are aimed at manipulating and influencing the Iraqi economy."
    Al-Kanani concluded his speech: “The sanctions have greatly affected the Iraqi economy, especially the issue of providing hard currency to citizens from these banks,” adding that “the Federal Bank has suspended the work of 26 banks so far.”
    A member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, had criticized, in an interview with the Al-Ma’louma Agency, “the US Federal Reserve’s sanctions on Iraqi banks in an attempt to undermine the government’s success that the latter is pursuing.” Ended 25/J
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