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The US Treasury discusses with the Iraqi Central Bank foreign trade in three foreign currencies other than the dollar

Shafaq News / The Governor of the Central Bank of Iraq announced on Wednesday that he discussed with the US Assistant Secretary of the Treasury combating money laundering, terrorist financing and foreign trade in three foreign currencies other than the dollar.

The bank’s media said in a statement, received by Shafaq News Agency, that the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received, today, Assistant Secretary of the US Treasury Elizabeth Rosenberg and her accompanying delegation, explaining that during the meeting, bilateral relations were discussed and the measures taken by the Central Bank of Iraq were discussed. The field of combating money laundering and terrorist financing, as well as confirming the continued support provided by the US Treasury and joint efforts to enhance transparency, integrity, and applying international compliance instructions in the Iraqi banking system.

According to the statement, the two parties discussed following up on the outcomes and results of previous meetings between the Central Bank of Iraq on the one hand, and the US Treasury Department and the US Federal Bank on the other hand, as well as the possibility of providing technical support in the field of financing foreign trade through reliable banking channels with mechanisms that enable the financing of legitimate foreign trade. In various currencies, including (the euro, the Chinese yuan, and the Emirati dirham), as well as organizing trade with the Republic of Turkey.

According to the statement, the US Treasury Department appreciated the efforts and steps of the Central Bank of Iraq in contracting with international auditing companies to ensure the accuracy and transparency of procedures.

Yesterday, Tuesday, the US Ambassador to Iraq, Alina Romanowski, said in a blog post on the X website, “formerly Twitter,” “I am pleased to welcome the assistance of US Treasury Secretary Elizabeth Rosenberg to Baghdad,” noting that she is looking forward to holding important meetings with government leaders and officials in the Central Bank. “The Iraqi.”

She indicated that “progress in combating international money laundering and banking reform will help combat corruption and support international investment in Iraq.”

Shafaq.com

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Parliamentary Finance: All segments whose paragraphs were mentioned in the budget will be appointed

Information/Baghdad… The head of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed on Wednesday the continued implementation of the budget items and the appointment of the grades listed in the budget, indicating that the Service Council is responsible for managing appointments.

Al-Atwani said in a televised interview followed by “Al-Ma’louma” that, “After approving the budget, the funding came in the form of payments and was released to the governorates.”

He added, “All the categories whose paragraphs were mentioned in the budget will be appointed gradually, and all paragraphs related to appointments will be followed up with the Ministry of Finance and the competent authorities to ensure that the rights of the included groups are not lost.”

He pointed out that “the committee is following up on all the details of the budget and its implementation in order to intervene and correct its course in the event that any paragraph in it is not implemented.”

Almaalomah.me

Economic accusations pursue entities in the Central Bank: they are working to bring down the government through the dollar

Information / Baghdad… On Wednesday, economic expert Zia Mohsen accused parties within the Central Bank affiliated with internal and external agendas of working to fail the government of Muhammad Shiaa al-Sudani by creating a state of instability in the dollar exchange rate.

Mohsen said in a statement to Al-Maalouma, “The measures taken by the Sudanese government regarding limiting the rise in the exchange rate of the US dollar against the Iraqi dinar since the appointment of a new governor of the Central Bank faced obstacles placed by parties within the Central Bank.”

He added, “There are parties working for internal and external agendas to thwart the government of Prime Minister Muhammad Shiaa al-Sudani by creating a dollar exchange rate crisis.”

He pointed out that “these parties have found new outlets for currency smuggling, including disbursing $30 million a day to travelers, in addition to the government’s ban, taking into account the views of specialists in the field of monetary policy.”

The exchange rates of the US dollar against the Iraqi dinar, in the local markets, are witnessing a state of instability, despite the many measures taken by the government and the Central Bank.

Almaalomah.me

The US Treasury appreciates the Iraqi Central Bank’s procedures for contracting with international auditing companies

On Wednesday, the US Treasury Department appreciated the efforts and steps of the Central Bank of Iraq in contracting with international auditing companies to ensure the accuracy and transparency of procedures.

The media office of the Central Bank of Iraq said in a statement, “Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received US Assistant Secretary of the Treasury Elizabeth Rosenberg and her accompanying delegation.”

The statement added, “During the meeting, bilateral relations were discussed and the measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing were discussed, in addition to confirming the continued support provided by the US Treasury and joint efforts to enhance transparency and integrity and implement international compliance instructions in the Iraqi banking system.”

He continued, “The two parties discussed following up on the outcomes and results of previous meetings between the Central Bank of Iraq on the one hand, and the US Treasury Department and the US Federal Bank on the other hand, as well as the possibility of providing technical support in the field of financing foreign trade through solid banking channels with mechanisms that enable the financing of legitimate foreign trade.” In various currencies, including (the euro, the Chinese yuan, and the Emirati dirham), as well as organizing trade movement with the Republic of Turkey.

The statement stressed, “The US Treasury Department appreciated the efforts and steps of the Central Bank of Iraq in contracting with international auditing companies to ensure the accuracy and transparency of the procedures.”

Dijlah.tv

Saudi Arabia is preparing “large” investment projects in the “capital of Islamic civilization” in Iraq

Shafaq News / An Iraqi government official announced, on Wednesday, Saudi plans to launch large investments in – the capital of Islamic civilization – in Samarra District, within Saladin Governorate.

The Mayor of Samarra, Bakr Muhammad Sharif, told Shafaq News Agency, “The Saudi ambassador to Baghdad, during his recent visit to the city of Samarra, confirmed the preparation of a plan for Saudi investment companies to enter the judiciary in the sectors of reconstruction, construction, infrastructure rehabilitation, and various projects.”

Sharif added, “The plan is still under preparation, and its details have not been announced yet, according to Saudi Ambassador Abdul Aziz Al-Shammari.”

Ambassador Al-Shammari recently visited the city of Samarra, accompanied by a delegation from the Iraqi-Saudi Friendship Committee, and viewed the Malawi Minaret and listened to an explanation about the history of its construction and the historical monuments it contains, along with a tour of the city’s streets.

Samarra is located east of the Tigris River in Salah al-Din Governorate, about 125 km north of Baghdad, and has a great historical status due to the important landmarks and archaeological sites it contains dating back to the era of the Abbasid Caliphate, where it was the capital of the state for a period of time, as listed by the United Nations. UNESCO in 2007 on the World Heritage List.

Shafaq.com

The United States is no longer the master of the situation. The era of bullying is over

A picture is better than an article. Anyone who followed the facial expressions of US President Joe Biden during the G20 summit in New Delhi realizes that the United States is attending the summit this time looking for a way to avoid defeat or reduce its size.

What separates Iran, Turkey, Saudi Arabia, India, and China may be greater than what unites them. The distance between these countries and Brazil and Mexico may be very far, but there is something close between them. This was proven by the results of the BRICS summit held last month in Johannesburg, South Africa.

The traditional global governance system “has become dysfunctional and deficient,” and the BRICS countries “have become an increasingly entrenched force in the defense of international justice.”

The US President did not have to wait to hear what Chen Xiaodong, the Chinese ambassador to Pretoria, said to reporters, to realize that the rules of the game had changed, and that the policy of bullying was no longer useful in dealing with countries of the world.

On the surface, the US President’s efforts to heal the rift may appear to be successful, but in practice they will not eliminate the significant impact that the policies of successive US administrations have had on the current global order.

One of the biggest threats facing the United States is the BRICS group, which includes Brazil, Russia, India, China, and South Africa. With just five members, the group makes up 42 percent of the world’s population. Its contribution reached 31.5 percent to the global economy by the end of 2022.

The United States knows that things will not stop there, and that it will not be able to ignore the position of many countries (at least 40 countries, including Indonesia, Bolivia, Argentina, Turkey, Bahrain, and Algeria) that have publicly revealed their desire to join the group’s countries. There are 20 countries among them that submitted an official request for membership, and the group agreed to include 6 countries, including Saudi Arabia, the Emirates, Iran, Ethiopia, Argentina and Egypt.

The group is leading a campaign to replace the US dollar with its own common currency by 2030.

Despite his gloomy facial expressions, the US President had to carry a surprise up his sleeve to present on the sidelines of the G20 summit, through which he would test the size of the gap caused by Washington’s policies, by proposing a project linking India and Europe through railway and maritime transport lines across the Middle East. This was considered a response to the new Chinese “Silk Roads”.

The project, which aspires to establish a “more stable, prosperous, and integrated Middle East” and provides “endless opportunities” for clean energy, clean electricity, and laying cables to connect societies, is nothing more than a test balloon, by launching which Washington wants to ensure that a thread of affection still connects it with the countries of the East. Middle.

Despite this, India, the host country of the summit, was keen to value the American initiative and saw in it “seeds that will make the dreams of future generations greater.”

This is also what Saudi Crown Prince Mohammed bin Salman was keen on, who said that “the economic project will contribute to the development of infrastructure, which includes railways,” stressing that “this economic corridor will provide long-term job opportunities.”

It is clear that the “American corridor” is a direct response to the Chinese “Belt and Road” initiative by creating a competing road with India as its center and launching in parallel with the Chinese project and competing with it over the most important points of its passage from the Gulf to Europe.

Welcoming the American project did not obscure the differences over other hot issues, most notably the Russian-Ukrainian war, revealing for the first time the weakness of the American position.

The traditional global governance system “has become dysfunctional and deficient,” and the BRICS countries “have become an increasingly entrenched force in the defense of international justice”

After more than 200 hours of continuous negotiations, 300 bilateral meetings and 15 draft texts, the joint statement issued by the summit contented itself with rejecting the “use of force” in Ukraine to achieve field gains, but without mentioning Russia specifically.

After a long debate, the final statement did not include a condemnation of Russia for its invasion of Ukraine, only emphasizing the territorial integrity of the borders, while the majority of G20 members last year explicitly condemned the invasion.

How the war in Ukraine ends will be a major factor in determining what the future world order will look like. The Ukrainian trap that Washington wanted to trap Putin in may turn into a trap for the United States. Everything depends on Putin’s success, not in winning the war, but only in holding on to power.

This scenario will crown Beijing as the leader of a single Asian pole, which is what the United States wants to avoid at all costs.

Although the American President denied that he wanted to “contain” China, he left New Delhi heading to Vietnam, to confirm American influence in Asia and place the United States at the gates of Beijing, where he announced from there the conclusion of a “broad strategic partnership.”

The true American intentions behind the visit may be revealed if we know that Vietnam has not concluded such a partnership, which represents the highest degree of diplomatic rapprochement it has established so far, except with Russia, India, South Korea, and China.

Biden considered that “Vietnam and the United States are essential partners” at a “very important” stage for the world. Emphasizing “deepening cooperation in the field of key emerging technologies, especially with regard to establishing a more resistant supply chain for semiconductors.”

One of the biggest threats facing the United States is the BRICS group, which includes Brazil, Russia, India, China, and South Africa. With just five members, the group makes up 42 percent of the world’s population

It is known that semiconductors were behind a sharp and major dispute between the United States and China.

A statement issued after the signing of the agreement stated that the goal is to “develop” Vietnam’s capabilities in this regard “for the benefit of American industry,” praising “the ability of (this country in Southeast Asia) to play an essential role in securing solid supply chains for semiconductors.”

In other words, the United States would be less dependent on China. Which Biden confirmed that he does not want to contain.

Who would believe a partner like this?

On the surface, the US President’s efforts to heal the rift may appear to be successful, but in practice they will not eliminate the significant impact that the policies of successive US administrations have had on the current global order, and Washington will not be able in the future to return to being alone in leading the world.

Leaders of countries will continue to extend their hands to shake hands with President Biden and his successor American presidents, but every time they do so they will be careful to count their fingers.

The G20 summit established the end of unipolarity. The United States is no longer the master of the situation. The era of bullying is over.

There are new masters and there is a new world whose features are beginning to take shape.

Rawabetcenter.com

Iraq opens its doors to India to solve the dollar crisis.. and an expert asks a question to the Central Bank

{Economic: Al Furat News} The financial expert, former director of financial control, Salah Nuri, revealed today, Tuesday, a financial agreement with India to facilitate foreign transfers of dollars.

Nuri told Al-Furat News that: “The fears of imposing new sanctions on Iraqi banks are expectations as a result of the changes that took place by the US forces on the Iraqi-Syrian border, but from the official side, the government did not announce the existence of upcoming US sanctions.”

India Agreement

He added, “The Central Bank of Iraq has taken an initiative to facilitate foreign transfers for the purpose of importing the private sector, by concluding a financial agreement with India with the aim of establishing Indian banks as correspondent banks for importing the private sector, which are trusted and sober in the world and the United States of America.”
Nuri promised this step “to expand the network of foreign correspondent banks, and we are awaiting the results of the implementation of this financial agreement.”

Speculators

Nuri explained, “One of the reasons for the rise in dollar prices internally is the speculators.”

And he asked a question to the central bank, “From where is the amount of dollars in the parallel market and speculation with it, while the dollar’s offer by the central bank is determined by what it gets from the US federal via the electronic platform?”

Nuri added, “This indicates the existence of illegal outlets for obtaining the dollar by speculators.”

Government Decisions

Prime Minister Mohammed Shia Al-Sudani called on the security services concerned with combating and prosecuting economic crimes to work in an integrated and continuous system to pursue speculators, currency smugglers, and evaders from paying customs and taxes.

According to a government statement, Al-Sudani warned during his meeting with officials and representatives of the concerned government and security agencies that “these efforts receive special attention from the government, as they are a pillar of economic reform and the fight against corruption.”

Dollar prices in Baghdad

The price of the dollar against the Iraqi dinar on the main stock exchange in Baghdad, today, Tuesday, was 154,500 Iraqi dinars for sale, while the purchase price was 152,500 dinars for every 100 dollars.

Alforatnews.iq

Iraq exports more than 65 million barrels of oil to the United States in six months

The US Energy Information Administration announced today, Thursday, that Iraq exported 65.737 million barrels of oil to the United States during the first six months of this year.

Iraq’s exports of crude oil and its products to America increased during the six months of 2023 and from January to the end of June, reaching 64.737 million barrels, by 33.5% over the same period in 2022, in which oil exports to America amounted to 48.459 million barrels, or by 13.9%. For the same period in 2021, in which oil exports to America amounted to 27.046 million barrels.

In addition, the highest rate of oil exports to America during the six months of 2023 amounted to 12.168 million barrels in February, while the lowest rate of oil exports for the month of June amounted to 9.330 million barrels.

Nrttv.com