Central Bank of Iran: We can not provide hard currency

[yota691]

Iran's central bank intervenes in the foreign exchange market to protect the riyal

 

Central Bank of Iran

Arab and international Economy News Baghdad TEHRAN (Reuters) - Iran authorized the central bank on Saturday to intervene in the foreign exchange market to protect the riyal after the local currency plunged to record levels in recent weeks following the re-imposition of US sanctions on Tehran, state television reported . The riyal has been eroded by a weak economy, difficulties in local banks and heavy demand for dollars among Iranians, who fear their country's oil exports will contract and the economy is damaged by Washington's withdrawal from a historic nuclear deal in 2015 and the re-imposition of US sanctions. A series of US sanctions targeting Iran's oil sector are expected to come into effect in November. President Hassan Rowhani described the sanctions as an "economic war" against Tehran. State television said a top government body headed by Rohani, including parliament and judiciary, "gave the central bank governor the authority necessary to intervene in the foreign exchange market and manage it." "The central bank will intervene in the foreign exchange market through banks and approved exchange offices and will take the necessary measures to control the exchange rate of foreign exchange," the TRA quoted the agency as saying. The central bank "will announce the exchange rate in the foreign exchange market in a timely manner." It was not immediately clear whether Saturday's announcement meant the government would revert to the policy of injecting hard currency into the market, which it had abandoned in recent months. The Iranian riyal fell to a record low against the dollar on the informal market on Wednesday as Iran's economic situation deteriorated and US sanctions re-imposed. According to foreign exchange websites, the dollar traded against 186,000 riyals on Wednesday. The riyal has lost about 75 percent of its value since the beginning of 2018. According to two foreign exchange websites monitoring the unofficial market, Saturday, the first trading day of the week, the riyal recovered some of its losses as the dollar traded against 174.3 thousand and 174.5 thousand riyals. The official exchange rate is 42,000 riyals per dollar and is usually used to import state-subsidized commodities such as food and medicine. The supreme government body also gave its final approval to a procedure that allows foreign exchange offices to import foreign exchange papers and requires exporters outside the oil sector to resettle their profits in hard currency within three months in order to reinvest them or sell them in an organized secondary market for importers. Officials said Iran was moving towards loosening laws regulating the import of foreign currency and gold exchange bureaux after Washington re-imposed sanctions on Iran's purchases of dollars and its trade in gold and precious metals and its dealings in metals, coal and some electronic software. Views 28   Date Added 30/09/2018

[yota691]

The currency crisis in Iran is worsening ... and the government is intervening

 

Spread , 29 September 2018

 

The Iranian government decided on Saturday to grant the governor of the Central Bank of Iran, Nasser Hamati, all the powers and powers necessary to intervene in the currency market, according to the interests of the Iranian national economy.

 

This came after the meeting of the Supreme Committee for Economic Coordination in the presence of Iranian President Hassan Rowani, during which the Governor of the Central Bank of Iran report on the latest situation in the currency market, according to the website of the Presidency of the Republic in Iran.

This comes at a time when the price of the Iranian riyal has deteriorated sharply in the informal exchange market, where the price of the day's transactions fell between 174.3 thousand and 174.5 thousand Iranian riyals against the dollar, after having recorded last Wednesday the price of 186 thousand riyals, About 75% of its value against the US currency since the beginning of 2018.

 

The official exchange rate is 42,000 riyals to the dollar, to import state-subsidized commodities such as food and medicine.

During the meeting, the Central Bank's new policies for managing the currency and financial market were approved by strengthening the Central Bank's currency market management and intervention capabilities.

The official Iranian news agency "Fares" that the Supreme Economic Council coordinating the heads of the three authorities, approved a set of proposals submitted by the Central Bank of Iran to manage the foreign exchange market.

These new policies include obligating exporters of non-oil goods to offer foreign currency in the Nima system within 3 months from completing the export process or returning the currency obtained to the economic wheel in accordance with arrangements determined by the Central Bank in return for granting incentives and facilities to the committed exporters With this mechanism.

Under the new policies, the Governor of the Central Bank has broad powers to manage the exchange market, so that he can, through banks and banking offices, intervene and take the necessary measures to control the exchange rate and announce the exchange rate in the exchange market as required.

The decisions included the possibility of supplying institutions and individuals foreign currency from abroad without a specific ceiling within the rules of the Central Bank of Iran. 

[yota691]

Iranian parliament holds closed meeting to discuss economic problems

10:06 - 30/09/2018

 

  

Information / Baghdad ..

Iran's parliament began a four-hour closed-door meeting on Sunday morning to discuss economic problems in the country.

According to Fars, the meeting will be held in the presence of Acting Minister of Economy and Finance Rahmatullah Akrami and Central Bank Governor Abdel Nasser Hamati to study economic issues and problems in the country.

Research on currency fluctuations and ways to control them is expected to be an important focus of the meeting. Ending / 25 z

[yota691]

Iranian minister: exchange rate of foreign currencies in a downward trend

 

Continue  The Minister of Interior and Chairman of the Economic Media Committee announced the success of the programs of the Supreme Council for Economic Coordination of the three authorities in Iran, controlling the exchange rate fluctuations and gold coins, stressing that prices are in a downward trend. The decisions of the meeting of the Supreme Council for Economic Collation of the three authorities recently, will lead to the regulation of the market and pay the prices of gold and gold coins for the decline, Minister Abdelraza Rahmani Fadhli said in an editorial Tuesday. Views 15   Date Added 10/02/2018

[yota691]

The Iranian currency is recovering

10:57 - 02/10/2018

 

 

 

The 
foreign exchange rate against the riyal began to decline after the intervention of the central bank of Iran, the official Fars News Agency reported on Tuesday. 
She explained that the bank has started to intervene since Monday, which led to a sharp drop in the exchange rate in the free market. 
He expressed the hope that the pace of intervention will continue to get rid of the price bubble and achieve expectations regarding supply and demand

[yota691]

The central bank instructs banks to buy the dollar from the general public

Release date: 2018/10/2 14:17 • 19 times read

The Central Bank of Iran ordered all banks to buy foreign currencies, including the US dollar, held by the public, following a strong sell-off in the country on Tuesday.

This came according to the Fars news agency after the reluctance of speculators and some of the banking offices to buy currencies, fearing a sharp decline in the foreign exchange rate against the Iranian riyal due to intervention by the Central Bank. 
The price of major foreign currencies against the Iranian riyal fell significantly on Tuesday in the free market following a strong sell-off

[yota691]

IRAN / IRAN Date: Oct

 

 

 

The central bank is instructing banks to buy foreign currencies from the general public

Iran's central bank has ordered all banks to buy foreign currency held by the public following a strong sell-off in the country on Tuesday.

This came after the reluctance of speculators and some of the banking offices to buy currencies, fearing a sharp decline in the foreign exchange rate against the Iranian riyal due to intervention by the Central Bank.

The price of major foreign currencies against the Iranian riyal fell significantly on Tuesday in the free market following a strong sell-off.

[Goggles]

35 minutes ago, yota691 said:

Iran's central bank has ordered all banks to buy foreign currency held by the public following a strong sell-off in the country on Tuesday.

Just WHAT do these banks think they're going to pay for that foreign currency with??? Worthless Riyal???!!!   

[new york kevin]

On 2/19/2018 at 5:59 AM, King Bean said:

 

All the Maliki team cockroaches will be scrambling to move their stolen assets from Iranian banks now. Luigi Financial Services LLC in association with Sterling Currency Group says ZIM is looking good, but don't let go of your Dong.  

 

While the IQD train keeps a chuggin' along. 

Yes and amen King Bean. I was thinking the same thing. At todays exchange rate how much is what 200 billion in stolen IQD now worth in rials ?

[ChuckFinley]

Who out there is going to give up the dollar? 

[gregp]

5 hours ago, ChuckFinley said:

Who out there is going to give up the dollar? 

 

Exactly. No one. 

[yota691]

 

The Central Bank of Iran reveals its agreement with Russia on dealing in local currency

 

15:15 - 05 October 18

Last updated

The time now is 03:20 AM

510

Watch

 

 

Follow - up / Tomorrow Press: 

The President of the Central Bank of Iran, Abdel Nasser Hemmati, on Friday, he agreed with the Russian counterpart, Elvira Nabiullina, on the handling of the local currency of both countries in commercial transactions. 

In an interview with Sputnik, Hmati said in response to a question about the outcome of his meeting with his Russian counterpart, "We have reached important agreements on the deletion of the dollar from commercial transactions and the use of the local currency by our trade.

"Today, I can say that 30% of the economic agreements and commercial transactions between Iran and Russia have been agreed upon in local currency and I hope that this percentage will increase with the days." 

"I have seen the will of the Russian central bank on the use of the local currency, and also with Turkey, we have come a long way in this matter and I hope to enter with Ankara soon the practical phase of trade in local currency."

[DinarThug]

8 hours ago, DinarThug said:

Central Bank: Our Fiscal Policy Has Reduced The Impact Of The Crisis Of The Neighboring Economic Countries On Iraq

 

 

6th October, 2018

The Central Bank of Iraq (CBE) has succeeded in its fiscal policy in reducing the repercussions of the economic crisis in neighboring countries on Iraq, Iraqi Central Bank spokesman Issar Jabbar said Saturday.

Jabbar said that "the financial policy adopted by the bank relied on the provision of sufficient reserves of foreign currency and reduce the effects of foreign currency and the introduction of currencies to rival the dollar, which gave concrete results," noting that the policy pursued strategy to save the economy of the country in the long term.

Jabbar said that the reserve of the Central Bank of Iraq from foreign currency currently amounts to 60 billion dollars, and covering 170% of the size of the mass of the local currency, in addition to 89 tons of gold.

For his part, economic expert Mohammed Abdul Rahman said in his private speech (conscious) that "in 2018, the price of oil exceeded the $ 66 in the year of the year, up to now $ 85, which led to a surplus helped the state to reduce the debt And the lack of withdrawal from the assets of the Central Bank, "noting that" the strength of the balance of the Iraqi Central Bank and the stability of the currency will be reflected positively on the Iraqi economy and not affected by damage to the economy of neighboring countries.

 

LINK

Report: Iran's most difficult crisis in 75 years and the probability of collapse of the regime is increasing

 

 

7th October, 2018
Experts: The collapse of the currency is a harbinger of the Iranians

Tehran may collapse at any moment. Conditions are grim and unprecedented and fire is in the firewood.  There is an unprecedented rise in prices of various goods. A state of revolution awaits only the spark of ignition.

Life in Tehran is no longer a possibility. That the ruling mullah regime there has no solutions and does not think about them. He is increasing his problems with terror and exacerbating this aggressive policy with all the countries of the world.  

Fifty Iranian economic experts sounded the alarm, warning of the collapse of the Iranian economy and called on the heads of the three powers - the government, the parliament and the judiciary - to warn the regime's leaders that the situation was worse and more dangerous than they thought and that the country was about to fall.

The collapse of the economy

According to the Iranian government "Ilana", these experts confirmed in an open letter that the devastating impact of the collapse of the local currency is unprecedented over the past 75 years.  They also considered the continuation of what they described as "wrong economic policies" as leading to the suffering of Iranian families from the highest rate of inflation in the country after World War II. 

"The alarm is ringing. The circumstances are the most serious and the most difficult to imagine, because the impact of the fourth collapse of the currency" began to eat green and land and destroy everything." "Experts pointed out that the current erroneous policy of managing the collapse of the currency caused inflation to increase by more than 60 Poor management in commodity markets and random pricing by domestic suppliers and traders raise economic concerns over the coming months.

In recent weeks, the price of the Iranian riyal has risen again against the dollar and reached from 120 to 130 thousand to 200 thousand against one dollar (each dollar equals 10 Tuman). Although the government has taken measures to reduce the value of the hard currency injection into the market and to prevent traders and cashiers from selling the dollar and buying dollars from people, the value of the Iranian riyal has not decreased much and still ranges between 140 thousand and 150,000 riyals against the dollar, Official that the price of the riyal fell below 100 thousand riyals during the past two days.

The overthrow of a spiritual government

The warning, according to a translated report published by Arab Net, about the high rate of inflation and the collapse of the Iranian economy, at the time threatened deputies of the fundamentalist movement in parliament to overthrow the government of Rouhani through the questioning of most ministers and withdraw confidence in the context of economic crises and living and the deterioration of currency and the cessation of industries in the country .  

In the same context, a wave of high price has hit fruit markets in Iran, amid the decline in the ability of consumers to buy, after the worsening crisis of the collapse of the Iranian riyal against the US dollar. Figures from the State Statistics Center in Tehran showed an increase in the prices of products such as bananas by 47.5 percent, apples 40.8 percent and tomatoes by 24.3 percent last September compared to the same period a year ago.

Local orange prices rose 120.7 percent, followed by yellow apples with 88.4 percent, while food products such as premium quality Iranian rice rose to 6.9 percent year-on-year, 1.7 percent on a monthly basis.  The average price per kilogram of sheep meat exceeded 55 thousand tomans, while beef prices reached 53,000 tomans per kilo, an annual increase of 38.8 percent and 42.4 percent, respectively. The price of poultry also increased by 29.4%, where the price of one kilogram of which 10000 Tuman Iranian, as well as reached the peak price to dairy products pasteurized by 23.7% and yogurt 35.3%. Iran's Statistics Center said in its latest figures until the end of September that the prices of items such as table eggs reached 64.9 percent, food oils 17.2 percent, sugar 20.2 percent and tea 37 percent.

According to Iranian social networking sites, this price inflation is no longer limited to food commodities, but includes even other consumer goods, as well as service charges.  Large sectors of Iranian households have been affected by a sudden rise in the prices of some commodities such as sanitary pads, tomato paste and tires. While government officials deal with it as a "market bubble" and call for popular austerity in conjunction with the return of US sanctions. The collapse in Iran is about to happen, and the mullahs will not survive amidst a global blockade and a massive uprising and boiling within millions of Iranian families.

 

Edited October 7, 2018 by DinarThug

[yota691]

Khamenei: Weak purchasing power affects the lives of a large part of the Iranians

 

Spread Thursday , 11 October 2018

 

TEHRAN (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei on Thursday called on the three powers to make decisive and effective decisions to improve citizens' living conditions and solve the banking system, inflation and unemployment plaguing Iran.

 

According to data from the Central Bank of Iran, the rate of inflation in the 12 months ended 22 September last, reached 13.5%.

The official Iranian news agency IRNA said on Thursday that Khamenei had met with the heads of the three branches of government (the judiciary, executive and legislative) to discuss economic issues in the country. He made effective decisions to solve the problems of the banking system and inflation And unemployment.

 

The meeting was attended by the President of the Republic Hassan Rowhani, his deputy, the head of the judiciary and his deputy, the chairman of the Islamic Shura Council. Ruhani presented a report on the summary of the meetings of the Supreme Council for Economic Coordination and its decisions to solve the problems of citizens.

Khamenei said that the heads of the three authorities and members of the Supreme Council for Economic Co-ordination are responsible for the research and follow-up of the economic situation, considering that the main function of this Council is to take important decisions and develop solutions in the economic field.

He pointed out that "solving the current problems in the country's economy and providing what the people need requires extraordinary initiatives and efforts, because these problems, especially high prices and weak purchasing power, affect the lives of a large part of the people, especially the poor."

He called on the Iranian guide, the three authorities, especially the Executive Authority, the government, to benefit from the views of economists and private sector activists.

"The current circumstances of the country require elites and dedicated activists to increase their sense of responsibility and to provide officials with their knowledge and experience. Therefore, it is incumbent on officials to seize the opportunity and benefit from the views and suggestions of university researchers and economic activists." 

He stressed the need to double the three authorities and all the departments of the state efforts and activities in the current circumstances, explaining that "there is no dilemma or problem in the country is insoluble."

Khamenei said that the country's economic problems are divided into two parts: the internal challenges and the structure of the country's economy; and the second: issues arising from the American "unjust" embargo.

He added: "In the face of any of these two sections, they used the means of wise solution, which leads to a permanent solution to the problems of citizens living and spread despair of the enemy from the impact of the embargo," he said.

[yota691]

Kd : 83072285 (6713799)

 Date: 2018/10/20 Time: 15:52 

 

 

To instruct the President of the Central Bank to submit proposals to reform the banking system

TEHRAN, October 20 (KUNA) - The members of the Supreme Economic Coordination Council (CEC) have instructed the central bank to submit executive proposals for reform of the banking system to the meeting of the three heads of state after the central bank president presented a report on the challenges facing the system.

The members of the Supreme Council for Economic Coordination during the meeting held today under the chairmanship of President Hassan Rowhani support for the measures of the Central Bank in the field of reform of the banking system. 
Finished

[yota691]

IRAN / IRAN Date: Oct

 

 

During the meeting of the Supreme Council for Economic Coordination, the Governor of the Central Bank of Iran presents a report on the challenges of the banking system

The Governor of the Central Bank of Iran Abdul Nasser Hamati presented a report on the challenges of the banking system in the country during the meeting of the Supreme Council for Economic Coordination.

At the meeting held on Saturday, members of the Supreme Council for Economic Coordination announced their support for the central bank's measures in reforming the banking system.

The central bank was also mandated to submit executive proposals to reform the banking system to the meeting of the heads of the three authorities.

The members of the Supreme Council for Economic Coordination stressed the acceleration in the sale of shares of government and non-governmental institutions to the private sector in the context of the implementation of Article 44 of the Constitution and Takeda of the Leader of the Islamic Revolution.

[psdon]

Is it worth buying the rail ? 

[unirod]

Maybe if the accent piece in the middle of the room were removed, they could better focus on the real issues effecting their economy?

[yota691]

IRAN / IRAN Date: Oct

 

 

Was sentenced to 15 years in prison and a 124,000 dollar fine for a foreign currency violator in Iran

The Special Court ruled that the crimes of disruption of the economic system in the southern province of Fars were sentenced to 15 years' imprisonment, a fine of 124,000 dollars and a denial of employment in government jobs for the convicted foreign currency tyrant Eman Kiyani, 28.

The fourth session of the Public Court was held to look into the files of spoilers and delinquents of the economic system in the province of Fares to decide on the case of accusing one of the violators of the system of foreign currency through dealing outside the banking system and official exchange offices in the Islamic Revolution Court in the city of Shiraz.

During the session, which was chaired by Judge Mahmoud Sadat, he read the list of charges against the accused Eman Kiyani, 28, and reviewed his transactions in foreign currency outside the banking system and official banking offices worth 124 thousand dollars and profits before the defense hearing of the accused.

In the end, the court sentenced the accused Kiyani to 15 years' imprisonment, a fine of $ 124,000 and a denial of employment within government institutions.

Eman Kuyani, economic disruption, Fares province, 15 years imprisonment

[Butifldrm]

 

Iran receives dollar from "holes" in Najaf

Logo

 Twilight News    
 Saturday, 27 October 2018

Shafaq News / Photos published by social networking sites on the holes in the wall of an old building in the city of Najaf in Iraq used by the Central Bank of Iran to hand over foreign currency to visitors to the ceremony of the forty.

After a disturbance in social networking sites, the central bank of Iran was forced on Saturday to publish a statement stating that the Iraqi authorities had refused to hand over a building that was to be settled for "security reasons", forcing the Iranian Central Bank to rent an old building Customers and visitors.

According to the official Iranian agency IRNA, the Iranian Central Bank explained in its statement that the currency was scheduled to be handed over to the visitors of the "quartet" ceremonies in the branches of the bank in Najaf hotels, but the Iraqi authorities closed these branches for reasons described by the Central Bank of Iran "Security".

The Central Bank of Iran's statement said it had rented other suitable places but did not allow the Iraqi authorities to work there, which indicates a dispute between the two countries' officials in the case of the transfer of foreign currency for fear of independence to circumvent the US sanctions. The new government in Baghdad announced that it would take into account the interests of Iraq in the case of US sanctions against Tehran.

The social media sites posted videos of an Iranian gathering behind the holes of an old building in order to receive the foreign currency promised by the central bank to Iranian visitors in Najaf and Iraqi cities.

Iranian newspapers have written about the scarcity of foreign currency and resentment of visitors to the Iranian quartet in Iraqi cities.

The Arman newspaper published a detailed report on the problems of visitors in Iraq and said: "These circumstances are not appropriate for visitors, while there were scheduled to be several centers in the cities of Najaf and Karbala, to deliver the government currency so that visitors can easily get their currency by visiting these centers "He said.

Keywords: 
 

 

Keywords: http://www.shafaaq.com/ar/Ar_NewsReader/29b246b3-9a81-461c-9937-bb3dcfa20665

[Mary B]

For these reasons .. Iraq refused to hand over Iran foreign currency

Last update: Monday 20 Safar 1440 - 29 October 2018 KSA 05:44 - GMT 02:44 
Tark Published: Sunday 19 Safar 1440 - 28 October 2018 KSA 16:03 - GMT 13:03

Source: Baghdad - Hassan Saidi 

 

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Sources reported to the Arab. The Central Bank of Iraq , refused to cooperate financially with the # Iran in the provision of funds from the US dollar and even the Iraqi dinar, to cover the expenses of Iranian participants in the ceremony of 40, according to officials.

A report by the Central Bank of Iran published through its official website, pointed out that Iraq rejected the proposal of the Iranian authority on the extradition of foreign currencies and national "Iraqi dinar" for reasons related to US sanctions on Iran and security.

 

According to the Executive Director of the Central Bank of Iran Mohammad Reza Husseinzadeh, Iran had asked the Iraqi Central to open 250 Iranian ports to transfer and disbursement of funds in the provinces of Najaf and Karbala and border crossings with Iran, but this request was rejected by the Iraqi authorities to avoid economic sanctions against Iran.

The central statement said that Iraq also refused to transfer 200 billion Iraqi dinars, equivalent to 166 million US dollars to Iran to cover all expenses of Iranian visitors.

Commenting on this subject, the Director of the Branch of the Iraqi Bank of Trade Ahmed Ali Scrach in an interview with "Arab.Net", support for the steps of the Central Bank of Iraq, a reference to avoid the risks of US economic sanctions against Iran.

"The Iranian financial market is suffering from an economic recession, which means that the financial swap procedures at this time with Iran do not serve the interest of the Iraqi economy and do not deserve that risk," he said.

For his part, said professor at the Faculty of Management and Economics at the University of Karbala, Dr. Amir al-Moussawi, "Arab.Net", the collapse of the exchange rate of the Iranian riyal against the US dollar, which was lost in value to the Iraqi dinar, made the Iranian currency for Iraqis is not considered, "Even at the grassroots level, buying and selling goods with Iranians does not add anything to retailers, nor does it serve the product of the national economy."

The Central Bank of Iran in the previous seasons of the fortieth, and according to the approval of the Iraqi Center, was providing ATMs to support financial transfers and exchange of money in many places between the provinces of Najaf and Karbala and the Iraqi border.

Money from the holes in the walls

The social networking sites on Saturday carried pictures and videos showing Iranians standing behind holes in the wall of an old building in Najaf province to receive money.

According to the report, it is due to be used by the Central Bank of Iran and one of the Iranian banks, "Bank Melli," whose cadres attended an assistant mediator of the Iranian Center, in the process of delivery of foreign currency to visitors to the ceremony of the 40 Iranians.

Iran is taking advantage of the 40th visit to strengthen its media and political influence inside Iraq, as it is a manifestation of the power of the Islamic Republic, which has ruled Iran for 40 years, according to some senior Iranian officials close to Supreme Leader Ali Khamenei , In previous statements.

https://www.alarabiya.net/ar/aswaq/economy/2018/10/28/لهذه-الأسباب-العراق-رفض-تسليم-إيران-العملة-الأجنبية.html

[6ly410]

12 minutes ago, Mary B said:

national "Iraqi dinar"

 

[6ly410]

cbi is down.. https://cbi.iq/

Edited October 29, 2018 by 6ly410

[Mary B]

The CBI refuses to cooperate with Iran in providing the necessary US dollar

The Central Bank of Iraq refused financial cooperation between it and Iran in terms of the provision of funds from the US dollar to the Iraqi dinar, to cover the expenses of Iranian participants in the ceremony of 40, according to officials.

A report by the Central Bank of Iran, which was published on its official website, pointed out that Iraq rejected the proposal of the Iranian authority on the extradition of foreign currencies and national "Iraqi dinar" for reasons related to US sanctions on Iran and security. 

According to Executive Director of the Central Bank of Iran Mohammad Reza Hosseinzadeh, Iran had asked the Iraqi Central to open 250 Iranian ports to transfer and disbursement of funds in the provinces of Najaf and Karbala and border crossings with Iran, but this request was rejected by the Iraqi authorities to avoid economic sanctions against Iran.


https://www.thebaghdadpost.com/ar/Story/128200/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%B1%D9%81%D8%B6-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D8%A5%D9%8A%D8%B1%D8%A7%D9%86-%D9%81%D9%8A-%D8%AA%D9%88%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D9%84%D8%A7%D8%B2%D9%85%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%

 

 

[dinareffic]

The CBI refuses to cooperate with Iran in providing the necessary US dollar

The Central Bank of Iraq refused financial cooperation between it and Iran in terms of the provision of funds from the US dollar to the Iraqi dinar, to cover the expenses of Iranian participants in the ceremony of 40, according to officials.

A report by the Central Bank of Iran, which was published on its official website, pointed out that Iraq rejected the proposal of the Iranian authority on the extradition of foreign currencies and national "Iraqi dinar" for reasons related to US sanctions on Iran and security. 

According to Executive Director of the Central Bank of Iran Mohammad Reza Hosseinzadeh, Iran had asked the Iraqi Central to open 250 Iranian ports to transfer and disbursement of funds in the provinces of Najaf and Karbala and border crossings with Iran, but this request was rejected by the Iraqi authorities to avoid economic sanctions against Iran.

https://www.thebaghdadpost.com/ar/Story/128200/البنك-المركزي-العراقي-يرفض-التعاون-مع-إيران-في-توفير-الأموال-اللازمة-من-الدولار-الأمريكي