Central Bank of Iran: We can not provide hard currency

[justchecking123]

42 minutes ago, yota691 said:

The Central Bank prohibits Iraqi banks from dealing with branches of Iranian banks

 

Banks Economy News Baghdad: The Central Bank of Iraq, authorized banks all the "continuation" of the prohibition of dealing in dollars with Iranian banks . "It is decided to continue to ban the dollar deal with the branches of Iranian banks," the bank said in an official letter addressed to all authorized banks . "With regard to the euro, it is up to the requirements of dealing with the European Central Bank and European banks." Views 1933   Date Added 10/08/2018

Interesting.

 

Iraq's central bank doesn't seem to toe the economic company line with China, Russia, Europe, etc. here with the Iranian situation, do they?

 

It'll be interesting to see if the auctions are affected at all. I'm assuming Iran has a huge hand in those?

 

 

 

 

 

 

 

 

 

[ChuckFinley]

4 hours ago, justchecking123 said:

Interesting.

 

Iraq's central bank doesn't seem to toe the economic company line with China, Russia, Europe, etc. here with the Iranian situation, do they?

 

It'll be interesting to see if the auctions are affected at all. I'm assuming Iran has a huge hand in those?

 

 

 

 

 

 

 

 

 

I am hoping that there is a major effect. Things may finally be moving our way.  

[yota691]

Abadi: We will work on a new mechanism to suppor t Iran economically!

Last updated: 11 August 2018 - 12:35 PM

BAGHDAD (Reuters) - Iraq will have to give up the dollar in trade accounts with Iran under US sanctions against Tehran, the press office of Prime Minister Haider al-Abadi said on Saturday. "The sanctions will affect the first class on remittances and transactions denominated in US dollars," noting that "the two parties agreed to move away from the dollar." He predicted that "the abandonment of the US currency negatively affect the trade between the two countries," noting that "It will be a "It is difficult to maintain the commercial level under the sanctions imposed on Tehran." He stressed that "the government will develop a new mechanism to support trade relations between the two sides to reduce the impact of sanctions on the trade of the two countries." Prime Minister Haidar al-Abadi said on Tuesday (August 7, 2018) that Iraq is not sympathetic to US sanctions against Iran, but his government is obliged to abide by those sanctions to protect the interests of the Iraqi people. The first package includes freezing financial transactions and imports of raw materials, as well as targeting the sectors of cars and commercial aviation. The sanctions also prohibit the Iranian government from buying or possessing securities US currency Tehran trade with precious metals, and commercial transactions Iranian Rial, and activities related to the issuance of Iran's sovereign debt.

[justchecking123]

9 hours ago, yota691 said:

Abadi: We will work on a new mechanism to support Iran economically!

Last updated: 11 August 2018 - 12:35 PM

BAGHDAD (Reuters) - Iraq will have to give up the dollar in trade accounts with Iran under US sanctions against Tehran, the press office of Prime Minister Haider al-Abadi said on Saturday. "The sanctions will affect the first class on remittances and transactions denominated in US dollars," noting that "the two parties agreed to move away from the dollar." He predicted that "the abandonment of the US currency negatively affect the trade between the two countries," noting that "It will be a "It is difficult to maintain the commercial level under the sanctions imposed on Tehran." He stressed that "the government will develop a new mechanism to support system">support trade relations between the two sides to reduce the impact of sanctions on the trade of the two countries." Prime Minister Haidar al-Abadi said on Tuesday (August 7, 2018) that Iraq is not sympathetic to US sanctions against Iran, but his government is obliged to abide by those sanctions to protect the interests of the Iraqi people. The first package includes freezing financial transactions and imports of raw materials, as well as targeting the sectors of cars and commercial aviation. The sanctions also prohibit the Iranian government from buying or possessing securities US currency Tehran trade with precious metals, and commercial transactions Iranian Rial, and activities related to the issuance of Iran's sovereign debt.

This squeeze will test Abadi's will and whoever supports him in Iraq. Sadr's next move will speak volumes, one can only assumes he's firing up his base...if he indeed carries any real political clout over there.

 

They've been in bed with Iran for so long...the propaganda/corruption machine would spin any US backing as "Zionist supporting"...Abadi (or Sadr) would be looked at as an outlier in the region if he breaks away from Iran. Tough call for him guts-wise.

[Butifldrm]

Central Bank confirms the continued prohibition of dealing in dollars with Iran (document)

 

BAGHDAD, Aug 10 (Reuters) - The Central Bank of Iraq (CBE) has confirmed the continued ban on dealing with Iranian banks in US dollars after the United States announced economic sanctions against Tehran.

According to the columns issued on 7/8/2018 left the central option to deal in the euro to the requirements of the European Central Bank, and banks dealing in the last currency.

Prime Minister Haider al-Abadi said Tuesday that Iraq does not sympathize with the US sanctions against Iran but will abide by it to protect its interests. 

 

https://www.iraqpressagency.com/?p=281991

[Butifldrm]

Iran: Foreign airlines are obliged to sell tickets in local currency

09:53 - 11/08/2018

0

 

  

Information / Baghdad ..

The head of public relations at the Iranian airline, Reza Jafarzadeh, Saturday, that the offices of foreign airlines operating in the country, the sale of tickets according to the currency of the riyal.

"The organization will officially circulate the need for companies to commit to selling tickets according to the Iranian currency, otherwise it is a violation of laws," the agency quoted Fares as saying.

"The payment in foreign currency is fundamentally contrary to the idea of opening a representative office for airlines in Iran," the official said. Ending / 25

http://www.almaalomah.com/2018/08/11/333881/

[yota691]

Experts: because of US sanctions .. Iran drains Iraq's dollars "maliciously"

 

Experts: because of US sanctions .. Iran drains Iraq's dollars "maliciously"

 

Number of readings: 25036 11-08-2018 09:46 PM

 

 

11-08-2018 09:46 PM 

 

Economists warned on Saturday of suspicious operations currently being carried out by Iran to get dollars from Iraq that led to the decline of the dinar, after the Iranian currency became worthless after Iraqi banks applied the US sanctions resolution. 

The economic expert Majid al-Suri said in a press statement that 'Iran has no more than Iraq as an economic lung to breathe through and get from its markets on the US dollar after sanctions', and 

warned the image of' Tehran deliberately different methods would be harmful to Iraq to collect the dollar as a result of the Iraqi government Of the sanctions against them, ' 

pointing out, the nose' the introduction of these methods dumping the Iraqi market counterfeit local currency to buy the dollar after the Iranian riyal has no value in transactions inside and outside Iraq,

"The other method is to double the drug trade and inject large quantities of narcotic toxins into the Iraqi market to get through the dollar." 

[yota691]

Iran drains Iraq dollars in a "malignant" way to face its crisis

Posted by Agencies

 

Date: 9:15 pm, 11 August

 

 

 

Iraqi experts warned of suspicious operations carried out by Iran now to get dollars from Iraq led to the decline of the dinar, after the Iranian currency has no value after the application of Iraqi banks the US sanctions resolution.

The Iraqi dinar, on Saturday, a decline in the exchange rate against the US dollar, where the exchange rate 121 dinars per dollar. 

Iraqi economists attributed the decline to the purchase of Iranian traders through agents in Iraq hard currency from Iraqi markets to counter US sanctions to ban dealing with Tehran in dollars.

At the same time, he called on Iraqi government experts to take quick steps to prevent the decline of the Iraqi currency, and to confront methods that they described maliciously to harm the Iraqi economy.

Experts said the dollar withdrawal by Iranian traders began on Friday after the Central Bank of Iraq issued a formal directive to banks and banks accredited to the obligation to stop dealing with Iran in US dollars.

The economic expert Majid al-Suri, in a press statement, that Iran "is no longer only Iraq as an economic lung to breathe through and get from the markets on the US dollar after sanctions." 

Al-Soury warned that Tehran would resort to various methods that would be harmful to Iraq to raise the dollar as a result of the Iraqi government's position against sanctions against it. In the forefront of these methods dumping the Iraqi market counterfeit local currency to buy the dollar after the Iranian riyal has no value in transactions inside and outside Iraq, the other method is to multiply the drug trade and inject large quantities of poisons to the Iraqi market to get through the dollar, .

Iran faces a stifling crisis after a first package of US sanctions comes into force, including a ban on Iran's purchases of the US dollar, trade in metals and coal, software for the industry and the automotive sector.

Iranian officials have expressed anger over the decision of the Iraqi Central Bank to comply with US sanctions, while Iranian demands to obtain compensation from Iraq over the damage caused by the Iran-Iraq war in the eighties of the last century of environmental damage.

[yota691]

Like Iran .. The collapse of the Turkish lira and wholesale bankruptcy after the US sanctions

 

Saturday 11 August

 

 

 

Alsumaria News / Baghdad, the deterioration of the Turkish lira continues on the impact of tightening US sanctions against Turkey has claimed was worth more than 6 pounds versus one dollar after this was the price less than four pounds prior to the end of last year , 2017.  growing tension in the US - Turkish relations because of the US Pastor Andrew Branson, who is being held by Turkey for "terrorism and espionage".  The tension has so far led to US economic sanctions against Turkey, the latest of which is the doubling of punitive tariffs on Turkish steel and aluminum products and the tightening of opportunities for foreign loans to Ankara .     This deterioration is raising the Turks' growing fear for their future due to rising prices of food, medicine and other commodities in a way that threatens their daily lives.  It also raises European concerns about their loans and premiums, which are estimated at billions of dollars a year. These concerns reflect a decline in European stock markets, which has mainly hit French, Spanish and Italian banks, which owe to Turkish private and public institutions.  The problem of the Turkish economy is that it is one of the most dependent on foreign investments and loans. It is estimated that Turkish companies and institutions owe hard currency to non-Turkish banks more than $ 220 billion, mostly European funds.  The problem is that the lower the pound, the weaker their ability to meet their foreign debt. Which threatens a series of bankruptcies Such bankruptcies would drag many European banks, foremost Spanish, French, Italian and German banks to bankruptcy.

[Big_J]

[yota691]

12 billion dollars volume of trade exchange .. Expert: Central Bank stopped remittances with Iran

 

 

 

Number of readings: 20513 12-08-2018 10:02 AM

 

 

12-08-2018 10:02 AM 

 

 

The central bank has put forward a solution to stop the rise in the exchange rate of the dollar, the economic expert said on Sunday, adding that the central bank stopped the remittances with Iran. 

Antoine said in a press statement that "the dollar exchange rate in Iraqi markets has seen a recent rise, because some dollar is delivered to Iran in cash across the border between the two countries, especially after the suspension of remittances between the two countries."

"The central bank has announced its commitment to the terms of the International Monetary Fund, to stop the remittances between Iraq and Iran, which will lead the private sector to buy the dollar in larger quantities than the former market, for trade exchange between the two countries."

He explained that "the large demand on the dollar, will make the price rises from the former, which drives the central bank to pump large amounts of the dollar in order to reduce the exchange rate, taking advantage of the large abundance of the dollar in the country," asserting that "Iraq has about $ 12 billion dollars From Iran,   but was affected by the US sanctions imposed on Tehran. "

[yota691]

IRAN / IRAN Date: 2018 Aug / Aug 12 - GMT

 

 

 

Iranian official: Exchange market is moving towards balance

TEHRAN (Reuters) - The foreign exchange market is heading for balance after the country's new economic policy package is in place, said Mohammad Nahawandian, assistant to the Iranian president for economic affairs.

In an interview with Iranian state television on Saturday evening, Nhawandian said Iran's economic movement was proceeding in harmony and regularity.

He pointed out that the foreign exchange movement recorded a surplus, so that foreign currency revenues exceeded expenditures.

Iran has launched a new economic package, including the introduction of currencies in the secondary market, which is priced according to the mechanism of supply and demand away from the official price of the state (US dollar = 44 thousand riyals).

[jeepguy]

I see LOOP-HOLE , ----+- do not use dollars in dealings with Iran ---- use dinars , Iraqi dinars make Iraqi dinars great again !!!!

[newbieDA]

1 hour ago, jeepguy said:

I see LOOP-HOLE , ----+- do not use dollars in dealings with Iran ---- use dinars , Iraqi dinars make Iraqi dinars great again !!!!

 

I was thinking the same thing, they are going use the Dinar maybe, also was thinking Turkey maybe too.

[jeepguy]

59 minutes ago, newbieDA said:

 

I was thinking the same thing, they are going use the Dinar maybe, also was thinking Turkey maybe too.

I don't know about paying in turkeys 🦃 !  😀

[3n1]

15 minutes ago, jeepguy said:

I don't know about paying in turkeys 🦃 !  😀

 they can Gobble up all my turkeys for the right number ...💰

[yota691]

The Central Bank is developing solutions to stop the rise in the dollar exchange rate

Readers

 

 

The Central Bank is developing solutions to stop the rise in the dollar exchange rate

 

12-08-2018 04:47 PM

 

The Euphrates -

 

Economist Bassem Jameel Antoine said on Sunday that the central bank has put in place solutions to stop the rise in the dollar exchange rate, pointing out that the central bank has stopped remittances with Iran. 

Antoine said in a press statement that "the dollar exchange rate in Iraqi markets has seen a recent rise, because some dollar is delivered to Iran in cash across the border between the two countries, especially after the suspension of remittances between the two countries." 

"The central bank has announced its commitment to the terms of the International Monetary Fund, to stop the remittances between Iraq and Iran, which will lead the private sector to buy the dollar in larger quantities than the former market, for trade exchange between the two countries." 

He explained that "the large demand on the dollar, will make the price rises from the former, which drives the central bank to pump large amounts of the dollar in order to reduce the exchange rate, taking advantage of the large abundance of the dollar in the country," asserting that "Iraq has about $ 12 billion dollars From Iran, but was affected by the US sanctions imposed on Tehran. "

[navira]

Developing solutions? They need to stop selling dollars at the auctions and start dealing with the dinars

[6ly410]

Just now, navira said:

Developing solutions? They need to stop selling dollars at the auctions and start dealing with the dinars

Exactly 

[navira]

Let's go CBI..we aint got time for this s$%#$@^

[6ly410]

I agree.... time is up 

[navira]

Tensions are very high right now between Iraq, Iran, and Turkey. It is time to stop using dollars CBI...le's show the dinar purchasing power over dollar

[Pitcher]

 

 

Iraqi experts have warned of suspicious operations currently being carried out by Iran to get dollars from Iraq led to the decline of the dinar, after the Iranian currency has become worthless after the application of Iraqi banks the US sanctions decision.

The dinar witnessed a decline in the exchange rate against the US dollar, where the exchange rate was 121 dinars per dollar.

Iraqi economists attributed the decline to the purchase of Iranian traders through agents in Iraq hard currency from Iraqi markets to counter US sanctions to ban dealing with Tehran in dollars.

At the same time, he called on Iraqi government experts to take quick steps to prevent the decline of the Iraqi currency, and to confront methods that they described maliciously to harm the Iraqi economy.

The dollar withdrawal by Iranian traders began on Friday after the Central Bank of Iraq issued a formal directive to banks and banks to adopt a commitment to stop dealing with Iran in US dollars, said experts who asked not to be identified.

“Fake dumping”

The economic expert Majid al-Suri in a press statement that Iran “is no longer only Iraq as an economic lung to breathe through and get from the markets on the US dollar after sanctions.”

Al-Soury warned that Tehran would resort to various methods that would be harmful to Iraq to raise the dollar as a result of the Iraqi government’s position against sanctions against it.

In the forefront of these methods dumping the Iraqi market counterfeit local currency to buy the dollar after the Iranian riyal is worthless in transactions inside and outside Iraq.

The other method is to double the drug trade and to inject large quantities of narcotic toxins into the Iraqi market to get the dollar through them, according to the picture.

Iran faces a stifling crisis after a first package of US sanctions comes into force, including a ban on Iran’s purchases of the US dollar, trade in metals and coal, software for the industry and the automotive sector.

Iranian officials have expressed anger over the decision of the Iraqi Central Bank to comply with US sanctions, while Iranian demands to obtain compensation from Iraq over the damage caused by the Iran-Iraq war in the eighties of the last century of environmental damage

 

http://en.economiciraq.com/2018/08/12/experts-iran-drains-iraq-dollars-in-a-malicious-way/

 

[Butifldrm]

Iran: Iraq's commitment to US sanctions will lead to the collapse of the Iranian currency

 

Economy News Baghdad: Deputy Chairman of the Iranian Chamber of Commerce, Bitarram Sultani, the Iraqi government's commitment to US sanctions against Iran, considering that this will lead to the rise of the dollar and the collapse of the Iranian currency . "One of the reasons for the rise of the US dollar is the cooperation of the Iraqi government with US sanctions against Iran, " said Bitarram Soltani in a tweet to him via his official Twitter account . "The commitment of the Iraqi government to implement sanctions will lead to a reduction of the dollar entry from Iraq to Iran, " Soltani said. "How does a friend country and a brother behave like this, what do we expect from other countries?" Soltani slammed Iraq's commitment to US sanctions. ! ". The Iranian official wondered at the end of a tweet about the real winner in the relationship between Iraq and Iran . Iran is the second country after Turkey in terms of volume of trade with Iraq, where the volume of trade exchange between Iraq and Iran in 2017 about 6.7 billion dollars, of which only $ 77 million is the value of Baghdad's exports to Tehran . The Iraqi authorities decided to stop importing Iranian cars, fearing that their markets would be affected by US sanctions . Iraqi Prime Minister Haider al-Abadi said last Tuesday that he was obliged to abide by US sanctions despite not being "sympathetic" to them .

Views 2527   Date Added 12/08/2018 http://economy-news.net/content.php?id=13234

[10 YEARS LATER]

I'm no Dentist ( but I have stayed in Holiday Inn's Allot ) . . . but I bet I'd have an easier time Pulling Teeth than I would trying to get these knuckleheads to do what needs to be done.