MP: America is using the dollar to impose restrictions on the Iraqi economy

MP: America is using the dollar to impose restrictions on the Iraqi economy

MP - America is using the dollar to impose restrictions on the Iraqi economyAl-Hussaini told Al-Maalouma, “America has a multi-faceted agenda in Iraq and does not want there to be integration in its economy, and this explains its repeated exploitation of the dollar bill to impose restrictions on the economy.”

He added, “America is behind many corruption files through its pressures and manipulation, noting that all dollar crises are caused by corrupt people and America in order to achieve multiple goals and agendas.”

He pointed out that “America wants to dominate the national economy and drain Iraq’s wealth, and this explains its pressure to proceed with the Aqaba pipeline project, which does not achieve any real benefit for the country.”

It is noteworthy that America controls Iraqi oil payments through the Federal Bank, which sends financial transfers to the Central Bank.

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Iraq advances one place in the world’s gold reserves

Iraq advances one place in the world’s gold reserves

Iraq advances one place in the worlds gold reservesThe World Gold Council announced on Monday that Iraq has advanced one rank in the list of countries with the largest reserves of the precious metal in the world.

According to the latest table published by the Council in July, which Shafak News Agency reviewed, it advanced to 30th place out of 100 countries listed in the table with the largest gold reserves, after it was ranked 31st globally, and fourth in the Arab world after Saudi Arabia, Lebanon and Libya.

According to the table, Iraq maintained its gold holdings unchanged, reaching 1,457 tons, which represents 10% of its other reserves.

The Council pointed out that “the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133.5 thousand tons, followed by Germany with 3,351.5 thousand tons, then Italy with 2,814 thousand tons, while Suriname came in last with 1.2 thousand tons.”

The World Gold Council is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.

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The controversy over foreign banks’ acquisition of the “Iraqi Dollar Auction”.. A ​​comprehensive explanation of the reasons

The controversy over foreign banks’ acquisition of the “Iraqi Dollar Auction”.. A ​​comprehensive explanation of the reasons

The controversy over foreign banks acquisition of the Iraqi Dollar Auction.. A ​​comprehensive explanation of the reasonsThe researcher in banking and economic affairs, Mustafa Hantoush, reviewed today, Sunday, the reasons for foreign banks’ acquisition of the largest percentage of shares in some banks inside Iraq and their acquisition of the currency auction as well, as the strengths of these banks are that they are owned by foreign banks capable of opening accounts easily in accordance with the standards of American banks that supply the dollar.
Hantoush told Sumaria News, “Some foreign investors and foreign banks have obtained more than 51% of shares in some banks inside Iraq, despite the fact that the Companies Law prohibits giving the foreign investor more than 49%.”

However, Hantoush reviewed the existence of a “legal loophole” that enabled the Central Bank to grant foreign investors larger percentages than stipulated in the Companies Law, noting that Article 107 of Banking Law 94 of 2004 gives the Central Bank’s Board of Directors the authority to determine the percentage of foreign investor ownership in banks without being bound by general laws.

He considered that this paragraph is not supposed to mean that the percentage should be more than 50%, but rather that it should be less, but the loophole is that the legal article gave absolute authority without addressing that the percentage should be less or more than 49%.

He explained that “there is no granting of a share larger than 50% in the world except in countries where there is a high circulation of funds, considering them bankrupt countries that do not possess wealth that they fear will be controlled by foreign banks.” He explained that

“according to this strategic mistake, foreign banks were given more than 60% of the shares in banks inside Iraq Today, we have begun to observe the fruits of this mistake, when the American side noticed the existence of currency smuggling and trade operations with Iran. Syria and set conditions of compliance, failed Central Bank of Iraq And Iraqi banks by applying the standards or the possibility of opening accounts for Iraqi banks in American banks to achieve control and finance their accounts in dollars.

He pointed out that “when this happened and the arena became empty of Iraqi banks capable of taking on this role, these foreign banks operating in Iraq And through the governors of the central banks of the countries of origin of these banks, they presented themselves as a solution to Washington instead of presenting themselves as a mediator between Iraq And America.”

He stressed that “indeed, American banks relied on these foreign banks operating in Iraq And they opened accounts for them in Citibank And JPMorgan, to their parent banks in other countries, which own the largest part of these banks within Iraq Although these banks are in Iraq Its work does not rise to achieve 5 points in the international standards, but it relied on its parent banks located in other countries.”

Accordingly, Iraq Now I take the dollars he has in the US Federal Reserve, and through them I finance the accounts of these banks that are open in my pocket accounts. Morgan And Citibank From there, the dollar is transferred to the rest of the world for Iraqi traders, and the traders deposit the dinars in Central Bank of Iraq He explained that “Iraqi banks cannot perform this role because they cannot open accounts in Citibank My pocket Morgan “Because it does not have branches in countries that the American banking system trusts, and the Central Bank of Iraq failed to guarantee Iraqi banks against American banks, and succeeded earlier in 5 banks but they only lasted a month and then these banks were punished, and they too were guaranteed by Jordanian banks.”

He stressed that “it is not possible to rely on foreign banks to manage the Iraqi banking system, this model failed in India because of its reliance on the foreign banking system, as the foreign bank gives profits to its parent branches abroad, and does not reinvest the profits here inside Iraq”, calling on the Central Bank to “find a solution to trade with Iran and Syria…and strengthening the Iraqi banking system and guaranteeing it before American banks and opening accounts for Iraqi banks to experiment with American banks.

Alsumaria.tv

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Nechirvan Barzani concerned about Trump assassination attempt, denounces use of violence in political disputes

Nechirvan Barzani concerned about Trump assassination attempt, denounces use of violence in political disputes

Nechirvan Barzani concerned about Trump assassination attempt denounces use of violence in political disputesThe President of the Kurdistan Region of Iraq, Nechirvan Barzani, expressed his condemnation, on Sunday, of the assassination attempt on former US President Donald Trump, while denouncing the use of violence to resolve political disputes.

“I am deeply concerned about the assassination attempt on former President Donald Trump,” President Nechirvan Barzani wrote in a post on Twitter.

“I condemn the use of violence to resolve political disputes, and violence should have no place in today’s politics,” he added.

The President of the Kurdistan Region concluded his post by saying, “My thoughts are with President Trump, his family, and all the victims affected by this attack.”

Former US President Donald Trump was shot yesterday, Saturday, amid a group of his supporters in the state of Pennsylvania, which resulted in his injury, the death of one person, the injury of two others, and the death of the perpetrator of the failed assassination attempt.

Shafaq.com

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Baghdad calls on Washington to reconsider its sanctions on 32 Iraqi banks

Baghdad calls on Washington to reconsider its sanctions on 32 Iraqi banks
Baghdad calls on Washington to reconsider its sanctions on 32 Iraqi banks

Deputy Prime Minister and Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, met Friday, with the US Under Secretary of the Treasury for Terrorism and Money Laundering, Brian Nelson, in the presence of the two accompanying delegations at the ministry’s headquarters in Washington, DC. During the meeting, the issues that the two parties are working on according to their previous reform agreements were discussed.

The Minister of Foreign Affairs confirmed, according to a statement by the ministry, a copy of which was received by {Euphrates News}, “the Iraqi government’s commitment to moving forward with its reform and economic measures related to the Iraqi banking system and the energy sector.”

He explained that the government’s policy seeks to achieve Iraqi energy independence through associated gas investment projects, and to develop the working mechanism of Iraqi banks in line with international standards to ensure transparency and provide open data, which enables banks to provide the services needed by the Iraqi people. He called on the American side to reconsider the sanctions imposed on about 32 Iraqi banks, as they were involved in the structural reform process.

Hussein pointed out that the stability of the Iraqi dinar exchange rate against the US dollar represents a fundamental pillar for achieving economic, social and political stability in Iraq, which is what the government seeks to achieve, calling on the relevant American institutions to review it and build on it.

For his part, Nelson praised the steps taken by the Iraqi government to support the Iraqi economy and address the challenges it faces.

He stressed that the relevant American institutions understand the seriousness of the Iraqi government in modernizing the work mechanisms in Iraqi institutions, expressing the American side’s readiness to help Iraq address the obstacles that hinder its reforms, which will have a positive impact on the Iraqi economy.

Alforatnews.iq

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More than 5 million barrels of oil are Iraq’s exports to America during the month

More than 5 million barrels of oil are Iraq’s exports to America during the month
More than 5 million barrels of oil are Iraqs exports to America during the month

The US Energy Information Administration announced on Saturday that Iraq’s oil exports to the US amounted to more than 5 million barrels during the month of June.

The administration said in a schedule seen by Shafaq News Agency, “Iraq exported 5.425 million barrels of crude oil to America during the month of June, at an average of 180 thousand barrels per day, down from May, when Iraqi oil exports to America amounted to 5.806 million barrels, at an average of 187 thousand barrels per day.”

She added that “Iraq exported an average of 228 thousand barrels per day of crude oil to America during the first week of June, while it exported an average of 164 thousand barrels per day in the second week, and an average of 195 thousand barrels per day in the third week,” noting that “the exports of the fourth week reached an average of 191 thousand barrels per day.”

The US Energy Information Administration stated that “Iraq came in fifth place in its exports to America during the past month, after Canada, which came in first place as the largest oil exporter to America, followed by Mexico, Saudi Arabia, and Colombia.”

Shafaq.com

 

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Reasons for returning the budget to Parliament and the Parliamentary Finance Committee opens an investigation into it!

Reasons for returning the budget to Parliament and the Parliamentary Finance Committee opens an investigation into it!
Reasons for returning the budget to Parliament and the Parliamentary Finance Committee opens an investigation into it

Reasons for returning the budget to Parliament and the Parliamentary Finance Committee opens an investigation into itMember of the Parliamentary Finance Committee, MP Moeen Al-Kadhimi, revealed today, Saturday, the reasons for returning the budget to the House of Representatives, while confirming that the committee has opened an investigation into the matter.

Al-Kadhimi said in an interview with Al-Sumaria TV that the budget tables approved by the House of Representatives are the same tables sent by the government, and when they were transferred from the Parliament Presidency to the Prime Minister’s Office, it became clear that some changes had occurred in these tables, adding that they were returned to Parliament for the purpose of amending them and resending them to the Council of Ministers as they were.

Al-Kadhimi added that this amendment is in the hands of the Presidency of the Council of Representatives, and it can make the amendments and resend them without referring to the Finance Committee, indicating that the Finance Committee will open an investigation into this change in some of the numbers that raised the budget from 211 trillion to 226 trillion.

MP Baqir Al-Saadi revealed, on Thursday (July 11, 2024), that the budget would return to the House of Representatives to make some minor amendments to it.

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Why did Iraq stop dealing in the Chinese yuan?

Why did Iraq stop dealing in the Chinese yuan?
Why did Iraq stop dealing in the Chinese yuan

The Parliamentary Finance Committee revealed the reasons behind Iraq’s suspension of dealing in the Chinese yuan, while indicating that many of the Central Bank’s procedures are governed by American will.

Committee member Moeen Al-Kazemi said in a statement to Al-Sumaria News, “The US Federal Bank imposed on Iraq to stop dealing in the Chinese yuan, under the pretext that there was manipulation in some transfers or certain problems occurred, indicating that “Iraq’s money, as we know, is included in the US Federal Bank as a result of the sale of oil at an amount of 3.5 million barrels per day, and this money enters the Federal Bank and is not transferred to Iraq in cash. It witnessed a transfer to Iraq through corruption transfers from the Central Bank and the Federal Declaration.”

Al-Kadhimi continued, “Many of the central bank’s measures are taken by the government with political will, and this will may be explained by administrative and financial reasons, not financing terrorism, and others,” and he announced that “the reasons are political with the aim of pressuring the Iraqi government.”
Is it possible to deal in Chinese currency?

Al-Kadhimi stressed that “the merchant and the Central Bank must have multiple options and not only deal in dollars, so this suspension is temporary and not permanent,” noting that “the committee will ask the Central Bank to address the issue and have a diverse price basket, so that the options are more for the Central Bank and Iraqi merchants.”
Al-Kadhimi stated earlier that “China’s remittances in the yuan currency have been temporarily suspended until auditing mechanisms are found.”
He continued, “During the past period, there has been a great deal of manipulation of China’s affairs.”

Alsumaria.tv

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Unprecedented take-off and landing of US aircraft at Ain al-Assad base

Unprecedented take-off and landing of US aircraft at Ain al-Assad base
Unprecedented take-off and landing of US aircraft at Ain al-Assad base

A security source in Anbar province revealed on Thursday that there is an unprecedented movement of take-off and landing of American aircraft at Ain al-Assad base, west of Anbar, without knowing the reasons.

The source told Al-Maalouma, “The Ain al-Assad air base in the Al-Baghdadi area in the Hit district, west of Anbar, witnessed an unprecedented movement of American aircraft taking off and landing without knowing what these aircraft were carrying, which covered the skies of the western regions.”

He added that “the landing and take-off operations coincided with ground reconnaissance operations by US forces in some western regions,” indicating that “the skies of the western regions also witnessed heavy flights by US warplanes towards the Syrian depth areas as a measure whose features were not clear, but security sources revealed the existence of unclear motives for these movements.”

He stressed that “Harir Airport in Erbil Governorate is also witnessing unusual movement of landings and take-offs of American aircraft,” noting that “the security situation in all areas of the western sector of the governorate, reaching the border strip areas with Syria, is safe and stable amid unprecedented security tightening by the security forces and the Popular Mobilization Forces in anticipation of any emergency.”

Almaalomah.me

 

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Al-Issawi rejects Halbousi’s temptations in exchange for withdrawing his nomination for the parliament presidency

Al-Issawi rejects Halbousi’s temptations in exchange for withdrawing his nomination for the parliament presidency

Al-Issawi rejects Halbousis temptations in exchange for withdrawing his nomination for the parliament presidency

Member of the Sovereignty Alliance, Mohammed Al-Dulaimi, announced on Friday that he had rejected the temptations of the dismissed President, Mohammed Al-Halbousi, in exchange for MP Salem Al-Issawi withdrawing his candidacy for the position of Speaker of the House of Representatives.

Al-Dulaimi said in a statement to Al-Maalouma Agency that “the dismissed president, Mohammed al-Halbousi, head of the Progress Party, sent a mediator to the candidate for the position of Speaker of the House of Representatives, Salem al-Halbousi, and the mediator carried tempting offers to al-Issawi to give up his candidacy in exchange for assuming the position of Minister of Trade or the position of head of the Fund for Cities Affected by Terrorist Operations.”

He added that “Al-Issawi rejected all these temptations and announced his commitment to running for the position of Speaker of the House of Representatives, indicating that “Al-Issawi informed the mediator that Halbousi does not possess the qualifications that qualify him to choose the appropriate person for this position, since the position of Speaker of the House of Representatives is not limited to one person and is not the property of a party or politician, but rather the entitlement of an entire component.”

He pointed out that “Al-Issawi confirmed that he would not give up his candidacy for the position despite the temptations that were offered to him,” stressing that “Al-Halbousi indirectly offered many temptations to remove Al-Issawi from the candidacy, but all his attempts failed.”

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