After canceling the electronic platform…the Central Bank reveals the mechanism for financing foreign trade

Al-Sumaria News – Economy… The Central Bank of Iraq revealed, today, Tuesday, the mechanism for financing foreign trade after canceling the electronic platform and the currency auction, which the Central Bank intends to implement soon.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in an interview with Al-Sumaria, “The Central Bank of Iraq is heading to cancel the work of the electronic platform and the currency auction soon.”

He explained that “the banks will be responsible for financing foreign trade directly through the dollars they own, and they will be fully responsible.” About auditing invoices and transfers, which is the practice globally.”

With this step, the Central Bank of Iraq intends to “withdraw itself” from the process of financing foreign trade and make the process limited to banks inside Iraq, and to American correspondent banks, which will undertake to finance the requests of these banks among themselves after reviewing the private documents, and for the Central Bank of Iraq not to enter as a party in this matter. the case.

Alsumaria.tv

Zebari remembers his calls with Soleimani and Obama: Biden will not withdraw in an election year

Erbil – 964… In a lengthy interview with Lebanese writer Ghassan Charbel published by Asharq Al-Awsat newspaper, Hoshyar Zebari reviewed memories from his long work in the Iraqi Ministry of Foreign Affairs, including a 45-minute call with former US President Barack Obama about withdrawing from Iraq, and dialogues within the “narrow circle” of the Iranian team. Its most prominent representative is Revolutionary Guard General Qassem Soleimani, and Zebari ruled out the possibility of the withdrawal of coalition forces during a year that witnesses the presidential elections in the United States.

Zebari in an interview with writer Ghassan Charbel, followed by Network 964:
This February 10 was a turning point because the Iraqi parliament wanted to hold a session with a full quorum to approve or pass a decision to expel the Americans immediately. But there was not the required response, neither from the Sunni Arab blocs nor the entire Kurdish bloc, nor even from most of the Shiite blocs. More than 230 deputies, only about 75 deputies attended, so there was no consensus, consensus, or quorum, and the issue was postponed.

It is very, very difficult for a divorce to occur between Iraq and America in fact, because the American relationship with Iraq and the region is linked to international, regional and economic issues. Therefore, divorce and separation from this relationship is difficult. In the strategic framework agreement that we negotiated with them, they gave us many opportunities and areas to support the Iraqi economy, security, and capabilities, but unfortunately, successive Iraqi governments did not take advantage of this available opportunity.

There was a heated debate between the military leaders who worked in Iraq, and the majority of the US Army leaders currently served in Iraq. Therefore, they had fear or concern that a sudden withdrawal in this way, and not keeping some forces to help, would threaten America’s interests, with regard to terrorism or other forces greedy in Iraq. But US President Obama decided to withdraw them and did not heed this advice, and I spoke to him for about 45 minutes.

He was in his election campaign and Iraq was a major issue in the elections at that time. John McCain was the Republican nominee. Iraq was a prominent focus of interest for both camps. Obama called me by phone during an election tour in one of the states. My message to him was that we believe that Iraq has not fully recovered, meaning it is not a normal or normal country. There are terrorist threats and security threats. Therefore, we do not encourage you to rush to completely withdraw forces. We need this help and your help in training and qualifying our military forces. He took the issue to mean: No, I came to rid America of foreign wars. In Afghanistan and Iraq. We want to focus on the internal situation. There was a financial crisis in the world market.

After the collapse of the army and the invasion of ISIS the task also fell on me when I was Minister of Foreign Affairs. I was a decision-making minister. When we felt that there was a real threat to the government and the country, we agreed with the Americans to exchange notes requesting assistance because this danger was imminent and unexpected. There are still investigations into how the invitation came to be at that time when they returned in 2014 and helped us. They helped Erbil, the capital of the Kurdistan region, which was threatened by ISIS. Samarra was threatened.

Any cancellation of this understanding – so that I can add more poetry to you – requires the approval of both parties and requires a period of time and notice to the other party of no less than one year.

This is an election year in America, and it is very difficult for any president to make a decision like this while the region is on fire and we do not know where things are headed. In my opinion, Iraq cannot obtain a divorce in this relationship.

I had discussions with the late (commander of the “Quds Force” in the Iranian “Revolutionary Guard”), General Qassem Soleimani, who was targeted by American forces at Baghdad airport in 2020, and the advisor to the Supreme Leader, Ali Khamenei, who is the former Foreign Minister, Ali Akbar Velayati in 2007-2008. We were on visits with the President of the Republic and the Prime Minister to Tehran and discussed with them. One of their requests was: “You, Kurds and Shiites, have gotten rid of dictatorship. You are not supposed to trust the global arrogance or the Americans. You are also supposed to become part of the axis of resistance.”

964media.com

America will stop maintaining Iraqi tanks and aircraft… a warning from the Security and Defense Committee

Baghdad – 964… A member of the Parliamentary Security and Defense Committee, Yasser Watut, said that the United States will stop supplying Iraq with military equipment, and will freeze maintenance operations and maintenance training courses for aircraft, tanks, and others, to put pressure on Baghdad in the issue of removing foreign forces, while he pointed out that Washington over the past years has obstructed the army’s efforts. He called on the Iraqi government to diversify its sources of weapons and arsenal, calling on the government to put pressure on the United States to prevent it from “blackmailing Iraq” in this file.

Watout confirmed, in a statement to Al-Arabi Al-Jadeed, followed by the 964 network , that “the most prominent file of current American pressure on Baghdad regarding the issue of removing foreign forces is armament,” as the file is “sensitive to Iraq, and America realizes our need for its various weapons and equipment.”

Wattut points out that, “Over the past years, Washington has obstructed the Iraqi army’s efforts to diversify its sources of weapons and its main arsenal, and there have been attempts to diversify to avoid falling under this pressure.”

He says, “The United States was intervening to prevent the completion of these deals with Eastern and European countries, so that this file would remain confined to its control and it would press through it with many files, and today it is exploiting it in dialogues with the Iraqi government in order to end the presence of its forces.”

He warns that “the United States will stop supplying Iraq with military equipment, and will freeze maintenance operations and maintenance training courses for aircraft, tanks, etc., which will render the weapons ineffective in a short period.”

He believes, therefore, that “the Iraqi government must put pressure on America to continue military interaction in accordance with the agreements signed between the two parties, and keep this file away from blackmail and threats.”

964media.com

US dollar exchange rate remains stable in Baghdad, Erbil

Baghdad (IraqiNews.com) – The US dollar exchange rate against the Iraqi dinar remained stable in Baghdad and Erbil on Monday, with the closure of the two main stock exchanges in the country.

The US dollar exchange rate remained stable with the closure of Baghdad’s Al-Kifah and Al-Harithiya stock exchanges, where the US dollar exchange rate remained at 1522 dinars all day.

The exchange rate in currency exchange shops in Baghdad ranged between 1532.5 dinars and 1512.5 dinars, Shafaq News reported.

In Erbil, the US dollar exchange rate ranged between 1521.5 dinars and 1520.5 dinars.

The Central Bank of Iraq (CBI) announced last February that it started applying the new exchange rate of the US dollar, which is 1,300 dinars against one US dollar.

The previous official exchange rate was 1450 dinars to one US dollar, which was being exchanged in the parallel market at a rate of 1550 dinars.

In January 2023, the exchange rate of the US dollar against the local currency reached 1610 dinars, while the official exchange rate remained 1450 dinars per dollar, with a gap between the two exchange rates of more than 10 percent.

Iraqinews.com

Politician: Biden is manipulating his opponents at the expense of Iraq

Information/private… Political analyst Qasim Balshan confirmed today, Monday, the continuation of the United States’ project to control the Middle East through Iraq, adding that Washington continues to exert military, security, and economic pressure to justify the confusion of its political decisions.

Balshan said in an interview with the Maalouma Agency, “Biden is manipulating his opponents at the expense of Iraq, by bombing Iraqi lands,” noting that “America’s electoral competition is one of the reasons for the economic and security violations.”

He continued, “The Washington administration is trying to save its face in the face of American society and its opponents by making decisions that destroy the country’s arrival at the stage of development,” pointing out that “the global poles of the Eastern countries are now competing with the United States in many fields.”

He added: “World politics has begun to shift to multi-party governance and the end of Washington’s hegemony over the Middle East and some countries,” noting that “the United States of America’s project to control the Middle East through Iraq continues until now.”

The Al-Fatah Alliance, in an interview with the Al-Ma’louma Agency, criticized the counter-political violence practiced by the United States of America against Iraq, while confirming that the parties to the dispute in Washington are trying to demonstrate their muscles in the upcoming presidential elections at the expense of Iraq.

Almaalomah.me

Al-Fateh: Iraq is paying the price of the intensification of America’s internal disputes

Information/Private… On Monday, the Al-Fatah Alliance criticized the political counter-violence practiced by the United States against Iraq, while stressing that the parties to the dispute in Washington are trying to show their muscles in the upcoming presidential elections at the expense of Iraq.

The leader of the coalition, Ali Al-Fatlawi, said in an interview with the Al-Ma’louma Agency, “It is necessary for the government to move towards strengthening the country’s foreign policy and activating the diplomatic aspect in all its details,” noting that “Iraq’s tendency to solve internal problems and get closer to the countries of the world has disturbed the Americans.”

He continued, “The country and its people have fallen victim to the conflicting parties in America in order to register a position or free electoral propaganda at the expense of the people,” noting that “America threatens the security of the country, and manipulates many files in order to gain the favor of some politicians and the masses.”

Al-Fatlawi concluded his speech: “The Zionist entity and America are two sides of the same coin, through hegemony and the imposition of will on oppressed peoples,” pointing out that “the parties to the dispute in Washington are trying to demonstrate their muscles in the upcoming presidential elections at the expense of Iraq.”

America continues to manipulate many files in order to put pressure on the Iraqi government in other aspects, targeting the Iraqi dinar once, bombing security forces and civilians, as well as the movement of ISIS gangs to carry out terrorist operations from the western regions.

Almaalomah.me

When will it be freed?..Iraqi money is captive in the prisons of American banks

Information / Baghdad… In the spring of 2003, Iraq witnessed an American occupation and was placed under American guardianship. Iraq’s money derived from the sale of oil, which constitutes more than 90 percent of Iraq’s hard currency imports, was placed in the US Federal Reserve Bank to protect it from compensation demands. Submitted by some countries affected by the policies of the previous regime that ruled Iraq before 2003.

In order for the Iraqi government to benefit from these funds, the Iraqi Ministry of Finance submits a request to the United States accompanied by an explanation explaining the means of disbursing these funds, so that the US Federal Bank can study and audit the request and recommend disbursing the required amount of funds. These funds are then transferred to the Central Bank of Iraq, which in turn transfers them to the Iraqi government in either US dollars or Iraqi dinars as needed.

The United States had stated on previous occasions that the reasons for imposing sanctions were mainly money laundering and currency smuggling, without providing precise details about those charges.

Experts said, “Iraq imports approximately 90 percent of its needs for goods and services from outside Iraq. This is due to the deterioration of industry, the diminishing role of the private industrial sector, and the decline of agriculture to a large extent due to the lack of rain and the decline in water levels in the Tigris and Euphrates rivers.”

They added, “This necessarily leads to a major drain in Iraq’s foreign exchange reserves. Moreover, because of the broad relations and the close distance between Iraq and its eastern neighbor, Iran, Iraq’s trade with Iran takes over the lion’s share of Iraq’s imports of goods and services, which raises the ire of Iraq.” The United States imposes tough sanctions on Iran and prohibits the supply of US dollars to Iran.”

This scene requires Iraq to be liberated from American control over its money, in order to continue building the country.

On Monday, Ali Hussein, a member of the Al-Fatah Alliance, warned of American control over oil financial revenues at the Federal Reserve, accusing Washington of exploiting this control to put pressure on Iraq.

Hussein told Al-Ma’louma, “America is exploiting this control by imposing its will on many issues, including armaments, in addition to its pressure on the economic card.”

He called on the government to “free itself from this pressure, and to have a say in reformulating the relationship with the Americans.”

He stated that “the Iraqi and international financial system is captive to the American administration, which necessitates resorting to other methods to ensure the liberation of money from its authority, and reaching an understanding through other windows away from the pressure it is exercising against Baghdad.”

In the same context, the head of the Coordinating Body of the Popular Movement for the Belt and Road, Hussein Al-Karaawi, confirmed that Iraq possesses great economic components that require proper management to lead it towards achieving success, investment, and getting rid of American will.

He told Al-Maalouma, “There is an urgent need for Iraq to turn towards the countries of the East to develop economic and trade relations in various fields and get rid of the American hegemony imposed on Baghdad.”

He called for “dealing in the ruble or the Chinese yuan, and not limiting the economy to the US dollar.”

Last year, Iraq demanded that the United States of America release its money from its treasury.

A previous statement by the Ministry of Foreign Affairs said that Minister Fuad Hussein discussed with his American counterpart, Anthony Blinken, a number of issues, including the sanctions imposed by the US Treasury on Iraqi banks.

According to a statement by the Iraqi Ministry of Foreign Affairs, the US Treasury did not provide the reasons behind imposing such sanctions, and whether Washington imposed these sanctions was due to the lack of discipline of these banks in implementing the banking instructions and rules set by the Central Bank of Iraq or the US Federal Reserve Bank, or whether For other reasons.

According to the statement, the Iraqi Foreign Minister officially called on the US Secretary of State to reconsider the US Treasury’s decision on the issue, especially since the US Treasury is in constant communication with the Central Bank of Iraq and that these banks play an important and major role in financing the ration card expenses that benefit low-income families. Limited, providing them with a food basket consisting of basic foodstuffs such as flour, rice, sugar, tea, some legumes, washing powder, and others.

Almaalomah.me

The oil and gas law is not compatible with the ambitions of the producing governorates

Information / Baghdad… Member of the Oil, Gas and Natural Resources Committee, Sabah Sobhi, confirmed on Monday that the Oil and Gas Law was prepared by the Federal Ministry of Oil without taking into account the observations of the Ministry of Natural Resources and the oil-producing governorates.

Sobhi told Al-Maalouma, “The draft oil and gas law was born in the Federal Ministry of Oil, and the opinion of the region and the oil-producing governorates was not taken into account.”

He added, “The current draft is similar to the 2011 draft and does not fit with the aspirations of the people and the oil-producing provinces,” noting that two technical delegations from the Kurdistan region and the Iraqi Oil Ministry are continuing to discuss technical issues about the draft oil and gas law.

Almaalomah.me

An economist criticizes the central bank for dealing with the dollar crisis in “traditional ways”

Information / Baghdad… On Monday, economic expert Nabil Al-Ali held the Central Bank of Iraq responsible for the continued rise in the dollar exchange rate.

Al-Ali told Al-Maalouma, “The Central Bank is still dealing with the crisis in traditional ways in light of an unconventional crisis,” calling on the Central Bank to “realize the direction of foreign trade in dealing with foreign currencies and create special banks in this regard.”

He added, “The measures taken by the Central Bank to reduce the exchange rate of the dollar against the Iraqi dinar did not bear fruit because of the Central Bank’s adherence to dealing with the unconventional crisis in traditional ways by following up and prosecuting merchants only.”

He continued, “Introducing a procedure for dealing with foreign trade in foreign currencies was a golden solution to confront the exchange rate crisis, but the Central Bank did not take this procedure seriously.”

He stressed the necessity of “realizing the direction of foreign trade in dealing with foreign currencies and creating special banks in this regard.”

Almaalomah.me

America has been obstructing the arrival of the dollar to Baghdad for 8 months

Information / Baghdad… The leader in the coordination framework, Uday Abdul Hadi, confirmed on Monday that America has been obstructing the arrival of the dollar to Baghdad for 8 months under false pretexts.

Abdul Hadi said in an interview with Al-Maalouma, “America is actually exploiting the dollar as a tool for pressure in Baghdad and has been obstructing its arrival in Iraq for 8 months under false pretexts,” noting that this “creates vibrations that push exchange rates to higher levels from time to time.” .

He acknowledged that “the government’s measures contributed to calming the pressure on the dollar through the parallel market,” pointing out that “the file of transferring currency sales funds in the US Federal Reserve is a strategic mistake that places the entire Baghdad economy hostage to the decisions of the White House.”

He pointed out “the need to break free from the grip of the Federal Reserve, seek to diversify the basket of currencies, and pressure to reduce investment in treasury bonds to prevent the loss of Iraq’s reserves due to any economic shocks in Washington, which has been suffering from serious problems for years.”

The parallel market for exchanging the dollar has suffered from rises and falls in recent months, despite the government’s efforts to push it to the official exchange rate of 132 thousand dinars per 100 dollars.

Almaalomah.me