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Iraqi PM meets U.S. Treasury Under Secretary, discusses economic reforms
2023-09-19 02:47Shafaq News/ On Tuesday, Iraqi Prime Minister Muhammad Shia al-Sudani met with Brian Nelson, the U.S. Department of the Treasury's Under Secretary for Terrorism and Financial Intelligence. The meeting took place on the sidelines of al-Sudani's participation in the United Nations General Assembly's seventy-eighth session, as confirmed by an official statement from his office.
During the meeting, discussions revolved around cooperation mechanisms between Iraq and the U.S. Department of the Treasury, focusing on reviewing the government's priorities for implementing economic and administrative reforms within the government program.
PM al-Sudani emphasized that the government had taken several steps in collaboration with the Central Bank of Iraq to implement financial reforms. These reforms are pivotal to achieving the government's objective of transitioning from a unilateral economy to a productive and diversified one. He noted that a financial database for banking transactions was created for the first time, enhancing trust in dealings with both local and international banks.
Al-Sudani also highlighted the government's efforts to curb money laundering operations by applying international standards at procedural and judicial levels. This approach aims to enable genuine trade that supports economic development.
The Prime Minister reaffirmed the government's support for the private sector through a series of decisions and procedures and provided necessary facilities within the federal budget for the next three years.
In response, Nelson commended the reforms the Iraqi government undertook in the banking and financial sectors. He recognized the government's success in rebuilding the confidence of global financial institutions, such as Citibank and J.P. Morgan.
The U.S. official emphasized the U.S. Treasury's willingness to collaborate closely with the Central Bank of Iraq and cooperate on matters related to financial liquidity and Iraqi commercial bank transfers abroad and reiterated U.S. support for the stability of the Iraqi economy.
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Punished neighbors and manipulative sons. What "drives the madness" of the dollar in Iraq again?
Politics / Economy | Today, 20:39 |
Baghdad Today - Baghdad
Perhaps the jump recorded by the dollar exchange rates at the end of last July was somewhat justified with the imposition of a ban on 14 banks from dealing in dollars, because these banks were responsible for delivering 8% of dollar sales in the currency auction to traders and dollar seekers, but the "madness" that hit the dollar exchange rates in the Iraqi markets during the past two days is still surprising.
After the imposition of the ban, this led to a significant rise in dollar prices, approaching 158,100 dinars per 8 dollars, and this was justified, as it means that 150% of the demand for the dollar will not find anyone to fill it with the supply of the dollar, before prices return to decline relatively without recovering their previous decline below 100,<> dinars per <> dollars.
However, the jumps that the dollar is witnessing these days until it approached 160,100 dinars per 18 dollars today, Monday (September 2023, <>), is surprising, but it is related to the possibility of imposing sanctions on new banks and depriving them of dealing in the dollar, which will eventually reduce the supply more than the dollar in exchange for the growing continuous demand.
US Treasury official's visits worry dollar in Iraq
The possibility of implementing new sanctions came linked to news as well as the movements of the US Assistant Secretary of the Treasury and his recent visit to Baghdad, but the researcher in economic and financial affairs Nabil Jabbar Al-Tamimi considered that the visit of US Assistant Secretary of the Treasury Elizabeth Rosenberg to Baghdad recently has nothing to do with the rise in the price of the dollar.
Al-Tamimi said, in remarks followed by "Baghdad Today", that "the visit of US Assistant Secretary of the Treasury Elizabeth Rosenberg, to Baghdad comes within the government steps to use currencies (yuan, UAE dirham, euro) for trade exchanges with Iran and Turkey, and within government steps to contract with international financial audit firms is a step to end the supervision of the Federal and OFAC on remittances."
He added that "there is a false hypothesis that the visits of Treasury officials aimed at increasing sanctions on banks are what caused the rise in the price of the dollar over the past two days, this matter benefits speculators from these steps and is supported by some analysts for several reasons."
The problem of Iraq. Adjacent to the punishers!
The expert in economic and financial affairs stressed that "Iraq's dilemma is that it is conducting trade with many neighboring countries, all of which are subject to US sanctions (such as Iran, some Turkish companies, Syria, Lebanon, and this commercial transaction is the reason for the rise in the dollar exchange rate, due to the black remittances from withdrawing dollars from the market to make these transfers outside the platform."
Possible sanctions
But fears of possible new sanctions, and the subsequent rise in the dollar in the markets, did not come from analyses of the US Treasury Secretary's visit to Iraq, but were coupled with what Reuters revealed last Thursday (September 14, 2023), about possible US sanctions that may affect new Iraqi banks.
Reuters quoted a senior official at the US Treasury Department as saying, "The Central Bank of Iraq must address the ongoing risks resulting from the misuse of the dollar in Iraqi commercial banks in order to avoid imposing new punitive measures targeting the financial sector in the country," pointing to "acts of fraud, money laundering and Iran's evasion of sanctions."
The official, who spoke on condition of anonymity, said there were still "other Iraqi banks operating with risks that must be addressed despite the previous campaign."
The United States in July banned 14 Iraqi banks from conducting dollar transactions as part of a broader crackdown on the illegal use of the U.S. currency.
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18-Sep-2023
NEW MECHANISM (FACEBOOK)
A few days ago, during a meeting with TV presenters, Prime Minister Mohammed Shia al-Sudani confirmed that "the Iranian side informed the government in the last meeting to stop dealing with the dollar, and replace it with euros, yuan, dirhams, Iraqi dinars or Iranian toman," and revealed that there is "a mechanism that the Central Bank of Iraq and its Iranian counterpart are working on to prepare a plan to regulate this trade."
Sudan's financial adviser said that Iraq and Iran are close to understanding a new formula for paying money in commercial transactions
The financial adviser to the Prime Minister, Mazhar Muhammad Saleh, explained the new way of dealing with Iran as a result of the continued ban on the dollar currency on the latter.
Saleh said in an interview with "Ultra Iraq", that "Iraq and Iran are approaching an understanding on a new formula for the payment of money in commercial transactions," noting that "the mechanism will be through the use of a basket of foreign currencies through international means with transparency and high governance."
Saleh pointed out that "Iraq is keen to follow the controls of the international trading system in its relationship with the Islamic Republic of Iran to ensure the stability of the exchange market in Iraq," adding that "following this new plan will enhance the stability of Iraq's external payments system, and will also push the trade and financial movement to stability away from any negative monetary effects on the economy."
Saleh pointed out that "the new mechanism that will be dealt with with Iran through foreign currencies except the dollar will not constitute an international obstacle as much as the stability of the Iraqi exchange market," considering that "the solution came as a result of the existence of a correlation between the Iraqi and Iranian private sectors, as it requires the provision of an international payment currency to settle trade exchange with the continuation of US sanctions on Iran for a long time and the tightening continues regarding it."
According to Saleh, "the sanctions led over time to the private sector to deal with trade settlements in foreign currency outside the official markets represented by the black market," noting that "the implementation of the new plan will spare Iraq international pressures and their effects on Iraq's economy."
Sudani says his government will end dollar crisis after deal with Iran
Economist Nabil al-Marsoumi commented on the solutions of dealing with trade between Iraq and Iran in a foreign currency other than the US dollar, which is prohibited according to US sanctions.
Al-Marsoumi said, in an interview with "Ultra Iraq", that "the reforms carried out by the Central Bank of Iraq to improve the compliance of banks to deal with the requirements of the electronic platform and the US Federal Bank, led to the majority dealing with them," adding: "But this resulted in a significant rise in the central bank's sales of the dollar to reach an average of about 200 million dollars per day."
Another result of the reforms was "the widening of the gap between the official and parallel rates of the dinar against the dollar, reaching 20%," noting that it is "much larger than the recognized global levels of only about 2%."
According to the decree, this gap is linked to two important reasons:
First: Preventing financial transfers through banking channels to the countries sanctioned by the United States, especially Iran, which led to financing trade with it by buying dollars from the parallel market and then smuggling it to Iran.
Second: The large demand from Iraqi travelers to Iran for dollars from the parallel market, because the instructions of the Central Bank do not allow them to buy dollars at the official rate, which is a large demand, because Iraqi travelers to Iran constitute 55% of the total foreign tourists, and they spent in 2022 in Iran about 3.410 billion dollars.
As for Iranian exports of non-oil goods to Iraq - and the decree - amounted to $ 10.3 billion in 2022, about 20% of Iran's total non-oil exports in 2022.
The decree detailed Iran's supply to Iraq in the following points:
First: 8.2% in the machinery sector.
Second: 26.7% in the field of agriculture, industry and foodstuffs.
Third: 18.9% of mineral needs.
Fourth: 55% of building materials.
Fifth: 48% of refinery products.
Sixth: 28% of petrochemical products.
Since studies indicate more than one million professions provided by the Iranian export sector to Iraq, according to the decree, the gap between the official and parallel prices of the dinar against the dollar cannot be reduced or neutralized except through the following:
1- Cancel US sanctions on Iran so that Iraq's imports can be financed through banks.
2- Cutting off Iraq's imports from Iran and preventing Iraqis from traveling to it, which is what the United States seeks as its strategic goal in order to suffocate Iran economically, which is a risky step due to the great economic importance of Iraq in the Iranian economic strategy, as the economist describes.
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Prime Minister leaves Baghdad for New York
- Yesterday, 23:51
Baghdad – Prime Minister Mohammed Shia al-Sudani
left the capital Baghdad for New York.The Prime Minister's Information Office said in a statement received by the Iraqi News Agency (INA), that "Prime Minister Mohammed Shia Al-Sudani leaves the capital Baghdad for New York to participate in the meetings of the United Nations General Assembly at its seventy-eighth session."
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US official advises Iraq to avoid additional punitive measures against banks
A senior US Treasury official said on Thursday that the Central Bank of Iraq must address the ongoing risks posed by the misuse of the dollar in Iraqi commercial banks in order to avoid imposing new punitive measures targeting the country's financial sector.
In July, the United States banned 14 Iraqi banks from conducting dollar transactions as part of a broader crackdown on the illegal use of the U.S. currency.
The official, who spoke on condition of anonymity, said other Iraqi banks were still operating with risks that "must be addressed" despite the crackdown.
With more than $100 billion in reserves in the United States, Iraq relies heavily on Washington's goodwill to ensure that oil revenues and funds are not subject to U.S. sanctions.
The official added that the country's action, taken in July, was based on clear indications of illegal financial activity.
He explained that the alleged crimes being considered by the Treasury Department include money laundering, bribery, extortion, embezzlement and fraud.
The governor of the Iraqi central bank says his country is committed to applying stricter regulations for the financial sector and combating dollar smuggling.
The Iraqi central bank did not immediately respond to a request for comment on Thursday.
"I choose to focus on banks that still have access and I see that the risks persist there," the Baghdad official said.
"It would be great if the central bank took the opportunity to address the matter directly, which could negate the need (in the United States) to take further action." -
New Iraqi banks under the gaze of "US sanctions". And fears of a new rise in the dollar
Economy | Today, 20:15 |
Baghdad Today - Follow-up
Reuters revealed on Thursday (September 14, 2023), possible US sanctions that may affect new Iraqi banks.
Reuters quoted a senior official at the US Treasury Department as saying, "The Central Bank of Iraq must address the ongoing risks resulting from the misuse of the dollar in Iraqi commercial banks in order to avoid imposing new punitive measures targeting the financial sector in the country," pointing to "acts of fraud, money laundering and Iran's evasion of sanctions."
The United States in July banned 14 Iraqi banks from conducting dollar transactions as part of a broader crackdown on the illegal use of the U.S. currency.
The official, who spoke on condition of anonymity, said there were still "other Iraqi banks operating with risks that must be addressed despite the crackdown".
With more than $100 billion in reserves in the United States, Iraq relies heavily on Washington's goodwill to ensure that oil revenues and funds are not subject to U.S. sanctions.
The official said the country's action in July was based on clear indications of illegal financial activity. He explained that the alleged crimes being considered by the Treasury Department included money laundering, bribery, extortion, embezzlement and fraud.
Iraq has more than 70 private banks, and about a third of these banks are under recent U.S. sanctions.
The official told Reuters in Baghdad: "I choose to focus on banks that still have access and I see that the risks persist there."
"It would be great if the central bank took the opportunity to address the matter directly, which could negate the need (in the United States) to take further action."
The information led to fears that any sanctions on new banks and depriving them of the dollar could lead to a further rise in exchange rates.
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37 minutes ago, 6ly410 said:
Therefore, there is a high understanding on the horizon in using a basket of foreign currencies other than the dollar to settle commercial transactions with the neighboring country, Iran, without this constituting an international obstacle, and at the same time providing the desired monetary stability in our country, especially the foreign currency market.
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Financial advisor reveals understandings to exclude the dollar in dealing with Iran
- Today 19:01
Information / Baghdad.
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, Thursday, that "there is a looming understanding with Iran to use a basket of foreign currencies other than the dollar to stabilize trade transactions between Iraq and Iran."
Saleh said in a statement that "allowing an international means of payment other than the dollar and identifying trade flows in a transparent and highly governed manner with the Islamic Republic of Iran within the international trading system will undoubtedly contribute to the stability of the exchange market in Iraq, in addition to strengthening the stability of the external payments system in our country, and lead to high stability in the movements of trade and money without negative monetary effects borne by our national economy."
He added: "Therefore, there is a high understanding on the horizon in using a basket of foreign currencies other than the dollar to settle commercial transactions with the neighboring country, Iran, without this constituting an international obstacle, and at the same time providing the desired monetary stability in our country, especially the foreign currency market."
He pointed out, "It is clear that there is a correlation between trade with the Islamic Republic of Iran on the part of the Iraqi private sector and the need to have an international payment currency to settle trade exchanges, at a time when there is a ban by the United States in the field of financial transfers that was imposed on Iran more than a decade ago." time, and is subject to high degrees of strictness."
He continued: "Such requirements led, over time, to dealing with commercial settlements in foreign currency, but from outside the official markets, especially in the demand for cash dollars on the local black market."
"It has become logical to find an alternative international monetary intermediary for trade settlements with the neighboring country instead of the United States currency, and to use the alternative international monetary intermediary in a transparent and clear manner before the international financial community and at the same time avoid the local exchange market from the pressures of international restrictions, their complexities and their impacts on our country's economy," he said. Finished/25hr
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13-Sep-2023
AL-SUDANI RECEIVES THE ASSISTANT SECRETARY OF THE US TREASURY (FACEBOOK)
Prime Minister Mohamed al-Sudani said on Wednesday, September 13, 2023, that US Assistant Secretary of the Treasury Elizabeth Rosenberg praised his government's steps in the financial and banking field.
Al-Sudani received, according to a statement by his office seen by "Ultra Iraq", the US Assistant Secretary of the Treasury and her accompanying delegation, where the photos attached to the statement showed the presence of US Ambassador to Baghdad Alina Romanowski at the meeting.
Al-Sudani and Rosenberg discussed "joint cooperation between financial institutions in Iraq and the US Treasury Department, and discussed the government's measures in implementing financial and banking reforms to reduce corruption in all its forms."
The statement from Sudani's office quoted the US official as praising what he described as "the great steps taken by the government in the field of financial and banking reform, which will help Iraq advance its economy and strengthen its programs and plans in the field of sustainable development."
According to the statement, Al-Sudani pointed out that "the government continues to implement its priorities in reforming the banking sector, which is a basic base for the development of the economy, by adopting international standards, addressing the distortions and imbalances that accompanied its work and keeping pace with developments."
"These reforms have contributed significantly to reducing money laundering, as well as tackling suspicious trade and reducing corruption," the prime minister said, explaining that "the government has made great strides in implementing its reforms in financial institutions, in the public and private sectors."
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The Governor of the Central Bank of Iraq receives the Assistant Secretary of the US Treasury
Economy News-Baghdad
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussed on Wednesday with the Assistant Secretary of the US Treasury, Elizabeth Rosenberg, bilateral relations and discussed measures taken in the field of combating money laundering and terrorist financing.
The media office of the Central Bank, in a statement received by "Economy News", that "Governor Ali Mohsen Al-Alaq, received the Assistant Secretary of the US Treasury, Elizabeth Rosenberg and her accompanying delegation," noting that "the meeting discussed bilateral relations and discussed the measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing."
He pointed to "affirming the continued support provided by the US Treasury and joint efforts to enhance transparency, integrity and the application of international compliance instructions in the Iraqi banking system."
The two parties discussed "following up the outputs 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 banking channels with mechanisms that enable financing legitimate foreign trade, in different currencies, including (euro, Chinese yuan, and UAE dirham), as well as regulating trade with the Republic of Turkey."
The US Treasury Department praised "the efforts and steps of the Central Bank of Iraq to contract with international audit firms to ensure the accuracy and transparency of procedures."Views 83
Added 2023/09/13 - 1:40 PM
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Sudani: The decision to raise the dollar exchange in the previous government was not studied and its impact was negative on the citizen
Baghdad/Nina/ Prime Minister Mohammed Shia Sudanese that the decision to raise the exchange of the dollar in the previous government was not studied and its impact was negative on the citizen and said in an interview with a number of Iraqi satellite channels that the dollar is linked to many sectors and can not be dismantled
and
added that the banking and financial sector has not witnessed any reform process since 2003 and explained that Iraq's trade is now reliable
and real.
He added that the Iraqi and Iranian central banks are working on a mechanism to regulate trade and break the back of the parallel
market, explaining that the tobacco trade has zero revenues despite being the strongest trade.
"We have real reforms for the financial sector and the teams are working on that.
He said that the banks that were banned from dealing in dollars were supposed to be sanctioned by the central
bank, adding: "There is an American understanding of all the measures taken on reforms from Iraq."
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Sudani says his government will end dollar crisis after deal with Iran
economy
Sudani says his government will end dollar crisis after deal with Iran (ultrasawt.com)
11-Sep-2023
Prime Minister Mohamed Shia al-Sudani announced on Monday new steps in the issue of the dollar exchange rate crisis, saying that these steps will "break" the parallel market.
Al-Sudani spoke about the currency market file during a meeting with a number of media professionals held at the government palace, noting that "the dollar issue requires reform of the banking and financial sector, and is linked to tax, customs and fees, protection of products and economic policies."
Al-Sudani said that this sector "has not witnessed any reform since 2003, and it was necessary to adhere to global compliance standards, which were supposed to be dragged in the previous government," noting that "the decision to reduce the exchange rate to 1320 dinars per dollar, was a correction to the previous decision to raise the exchange rate, which was not studied."
Al-Sudani pointed out that the existence of "the parallel market is linked to a number of commercial operations, including trade with Iran," and explained in this regard that traders cannot send money legally under US sanctions on Tehran, "which forces them to deal with the parallel market."
The prime minister stressed that "the Iranian side informed the government in the last meeting to stop dealing with the dollar, and replace it with euros, yuan, dirhams, Iraqi dinars or Iranian toman," and revealed that there is "a mechanism on which the Central Bank of Iraq and its Iranian counterpart are working to prepare a plan to regulate this trade."
Al-Sudani said the new mechanism with Iran would "break the back of the parallel market", while explaining that other problems associated with the parallel market related to the trade in tobacco, gold and medicines.
The Prime Minister pointed out that "his government is working to solve problems and organize the work of major traders in these sectors in preparation for their inclusion in the procedures for buying dollars from the Central Bank."
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MP: Parliament intends to legislate the oil and gas law in its current session
Baghdad/Nina/ The Parliamentary Oil and Natural Resources Committee confirmed the determination of the House of Representatives to approve the oil and gas law during the current legislative session. A member of the committee, MP Zainab Al-Khazraji, said in a press statement on Sunday that "one of the important laws that the House of Representatives intends to approve is the oil and gas law, which has been suspended since 2005," noting that "the approval of the oil and gas law will end all outstanding disputes between Baghdad and the region for years, and will also contribute to preserving the fair distribution of wealth throughout Iraq."
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The Central Bank of Iran building
Iran Intends To Offer Travellers Iraqi Dinars, Not US Dollars
9 hours ago
The Central Bank of Iran intends to substitute the US dollar with Iraqi dinars for tourism to regional countries, as it reportedly has a more substantial reserve of the currency.
Iran this year provided Iraqi dinars, instead of US dollars, to hundreds of thousands of pilgrims who visited Iraq at the end of August and early September for Shiite religious ceremonies.
The Iraqi dinars became available to the cash-strapped Iranian government when the United States in June allowed Baghdad to repay the equivalent of $2.7 billion from accrued energy import debts. It was reported at the time that part of funds will be for Iran to spend on Muslim pilgrimages to Saudi Arabia and Iraq. Apparently, a portion of the released funds were in Iraqi dinars.
Iran is critically short of hard currencies despite much higher oil exports in recent months in the face of US sanctions.
The chairman of the central bank Mohammad-Reza Farzin told local media on Saturday that Iran intends to use Iraqi dinars for regular tourism based on the model it employed with the recent pilgrimage to Iraq.
The US dollar and other top currencies are near all-time highs in Tehran’s free market, while the government could sell Iraqi dinars to tourists, possibly at more advantageous rates, converting the released funds into Iranian rials for government expenses.
Farzin added that the central bank is in the process of expert analysis and planning for the move.
To what extent Iraqi dinars will be convenient for travellers to countries such as the United Arab Emirates is not clear.
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Kurdish bloc calls for speeding up oil and gas law legislation
Information / Baghdad.
The Patriotic Union of Kurdistan (PUK) parliamentary bloc on Saturday called on the government to speed up the drafting of the oil and gas law, which has been suspended since 2005. She pointed out that enacting the law is the only way to end the differences between the region and the center.
Bloc added that Suzanne Mansour told Al-Maalouma that "the oil and gas law since 2005 has not seen the light of day that hinders any efforts to end the crises between Baghdad and Erbil."
She added that "the legislation of the law will serve Iraq in general and end the differences between the region and the center," and stressed the need to "conduct cooperation between Baghdad and the region to find quick solutions in order to legislate the oil and gas law."
She pointed out that "everyone hopes to resolve the outstanding controversial points and proceed with the procedures for legislating the law inside the dome of parliament."
Earlier, the Oil, Gas and Natural Resources Committee confirmed the parliament's intention to legislate the oil and gas law during the current session, while noting that the adoption of the law will contribute to solving the problems between Baghdad and Erbil.Ended / 25 h
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Minister of Finance sets the date for the launch of salaries of new appointees and contracts
Economy News - Baghdad
Finance Minister Taif Sami confirmed on Saturday that the salaries of new appointees and contracts will be launched this month after checking the names and numbers.
The media department of the House of Representatives said in a statement that "the parliamentary finance committee, headed by Atwan Al-Atwani and the presence of its members, hosted today Finance Minister Taif Sami."
She added that "the meeting discussed a number of topics, including electronic collection of customs and taxes, discussing the allocations of the Kurdistan region in the federal budget, job grades and contracts in the budget, as well as financing the provinces and instructions for implementing the budget."
The head of the committee, according to the statement, that "the Finance Committee does not end its work with the approval of the general budget, but continues its work to follow up the issuance of instructions for the implementation of the budget to solve all problems, if any."
The statement continued, "The Minister of Finance gave a detailed explanation of the tax and customs file and the importance of implementing electronic automation to facilitate financial transactions, eliminating rampant corruption between customs and tax departments and the lack of infrastructure at border crossings to accommodate modern devices for electronic connectivity, in addition to the need to adopt new legislation and amend laws so that we can implement automation."
The minister indicated that "the ministry has contracted with a private company to automate all border crossings with regard to customs, but with regard to the tax system, the ministry is now training employees in cooperation with the World Bank and the International Monetary Fund on modern systems for calculating and collecting taxes."
The finance minister confirmed that "the salaries of the new appointees and contracts will be launched this month after checking the names and numbers."
Views 11
Added 2023/09/09 - 6:00 PM
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"Pour oil on the fire"
"Excited" statements to light the fire. What does Fatlawi's "prejudice" against Kurdistan have to do with "Baathist roots"?
Politics | Today, 18:34 |
Baghdad Today - Baghdad
With the intensification of the statements exchanged between Baghdad and Erbil, in a verbal conflict in which both the President of the Regional Government Masrour Barzani and the rest of the Kurdish deputies on the one hand, and between the speakers and government advisers in the Sudanese government on the other hand, political voices are issued calling for calm and resolving the dispute through dialogue and identifying the origin of the problem, on the other hand, corresponding voices are issued that observers and interested people believe that they "pour oil on the fire" and are enthusiastic about the growing dispute between the region and Baghdad.
While some political forces are working to resolve differences and call for dialogue, the position of the head of the Irada movement, MP Hanan al-Fatlawi, appears as the most prominent position working towards "escalation" and deepening the dispute between the two parties.
Fatlawi said in a tweet through her account platform "X" that "the problem of the Kurdistan region will not be solved until the hour arises," adding that "the region disagrees with every new prime minister, even if he cooperates with them, because they will never deliver imports, they have not delivered them for twenty years and will not deliver them."
The enthusiasm shown by al-Fatlawi was read by many observers and specialists as "enthusiasm driven by old belongings and grudges and has nothing to do with the artistic understanding of what is happening."
Wafa Muhammad Karim, a member of the Kurdistan Democratic Party, said that "Hanan al-Fatlawi will remain until the hour a voice that resonates with sectarianism and racism along with other voices that have become Aspire Express."
Karim said in an interview with "Baghdad Today" that "these voices were the main reason for most of the problems that Baghdad and the region were as they are inflammatory voices, and they are known for their hostility against the Kurds from one day they were a member of the Baath Party when the Kurdistan region was facing injustice and dictatorship."
"These dissonant voices are the ones that stand in the way of Baghdad and Erbil reaching an agreement, and they tweet without technical or scientific information, only they carry an aggressive breath that does not want the stability of Iraq and the political process," he said.
For his part, the Kurdish politician Rebin Salam said, in an interview with "Baghdad Today", that "these voices are accustomed to chauvinism and racism towards the Kurds, and they carry totalitarian Baathist ideas that want to return to the only totalitarian regime that wants to control the region and make it according to the center and this will not happen in the presence of a constitution and law," noting that "these cacophony voices must stop these statements as they have become part of the past full of sectarianism, racism and incitement for the purpose of political and electoral competition and the government." Iraqiya should not be affected by those voices."
In the same context, political analyst Aram Mustafa pointed out that "Hanan Fatlawi is known for her hostility to the Kurds and Kurdistan, and she uses this incitement as part of political and electoral competition."
He added in his speech to "Baghdad Today": "I think that these voices will harm the political stability in Iraq at the time under the government of Mohammed Shia Sudani, which is witnessing security and political stability and an improvement in relations between the region and Baghdad and relations with the Arab and international surroundings, so that these voices come to incite the entire political process and want to torpedo the government's efforts."
Tension hangs over the relationship between Baghdad and Erbil, not starting with the Kirkuk crisis and not ending with the delay in sending the region's dues from the budget, while the tense messages exchanged between Baghdad and Erbil began to abort early, as it seems, the political agreement between the Sudanese government and Kurdistan, before it even began to be implemented, and indeed Erbil began accusing Baghdad of "repudiating" the political agreement.
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Baghdad Today' publishes summary of PM's meetings in New York
in Iraq & Dinar Related News
Posted
The Sudanese are in New York and the dollar is burning in the market. Will the visit to America affect the exchange rate?
Politics | Today, 18:57 |
Baghdad Today - Baghdad
Today, Tuesday (September 19, 2023), financial expert Saleh Banking read the expected results and files of Prime Minister Mohammed Shia Al-Sudani's visit to send 4 American messages to the Iraqi Prime Minister during his visit to New York to attend the United Nations sessions.
The banker said in an interview with "Baghdad Today" that "the presence of Prime Minister Mohammed Shia Al-Sudani United Nations sessions in New York is important at multiple levels, including economic, especially since there is a long list of meetings with heads of state and organizations, some of which are concerned with the economic, humanitarian and human rights sectors."
He added, "The turnout of US delegations with multiple titles to meet the Sudanese confirms the importance of the files at hand, especially with regard to the economic aspect as the most important in the relationship between Baghdad and Washington," pointing out that "the latter will send, according to the readings, 4 important messages, which are the need for the Central Bank and banks to comply with the rules of transfers in dollars in terms of knowing its movement and tracking it and not dealing with the countries imposed on sanctions through the SWIFT system."
He pointed out that "the US side will press towards the need for Baghdad to make greater efforts to prevent smuggling and speculation on the dollar and provide advice on this aspect," pointing out that "Washington will not interfere in reducing the exchange rate of the dollar in Iraq, but rather leave the options to the Sudanese government because commitment to the file of combating smuggling and controlling the rhythm of transfers is what drives the stability of the parallel market and thus reduce the exchange of the dollar."
He continued, "The dollar file in Iraq is complicated, especially with a large difference between the official price of its sale by the Central Bank and what is announced in the parallel market," pointing out that "the visit of the Sudanese will not affect the exchange rates, but will return the US side to the need to support Baghdad in measures to reduce smuggling."
The exchange rates of the dollar in the Iraqi local markets are witnessing unstable jumps until they approached to touch 160,100 dinars per <> dollars, in conjunction with information about US intentions to impose sanctions on new banks that are not committed to the conditions for transferring and financing trade using the dollar.
Al-Sudani left for New York to attend the UN sessions, where he will deliver a speech before the UN General Assembly reviewing Iraq's regional and international positions and domestic politics.
The 78th session of the United Nations General Assembly will run from Tuesday 19 to 23 September, where world leaders will seek solutions to global challenges and engage in order to promote peace and security, with the theme of rebuilding trust, restoring global solidarity, and the Sustainable Development Goals.
"The prime minister will participate, like the rest of the world leaders, in the General Assembly meeting as the largest annual global forum to meet leaders (countries and governments), to discuss global and regional challenges and express Iraq's opinion on them, as well as deliver a speech reviewing Iraq's international and regional positions and domestic policy," said government spokesman Bassem Al-Awadi.
He added that "the meetings of the United Nations General Assembly will also include listening to the views of world leaders and answering their inquiries regarding the overall affairs of Iraq, and to strengthen bilateral ties, and to explain the Iraqi reality as it is, away from interpretations and analysis, and to coordinate in advance understandings, relations and subsequent visits at the level of leadership or government institutions."
Source: Baghdad Today