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Iranian official calls for negotiations with Washington in Iraq

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Iran's oil minister: Buyers of crude oil from the private sector issue it without problems

01:17 - 26/12/2018

 
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Mawazine News 
The Iranian Oil Minister said on Wednesday that buyers of Iranian crude from the private sector exported "without problems" despite US sanctions aimed at Tehran's oil exports. 
Iran began selling crude oil to private firms for export at the end of October, ahead of US sanctions on sectors including oil that came into force on November 5. 
"Those who bought oil on the stock exchange were able to export it without problems in this regard," the official agency quoted Minister Zengane as saying.

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23 hours ago, DIAMOND said:

Thanks yota for all ya do, an a merry Christmas to you an yours

Merry Christmas to you and yours...and Thank You..

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http://www.basnews.com/index.php/ar/economy/489881....................

Rohani announces the bankruptcy of the Iranian treasury from <hard currencies>!

US sanctions ...

 

 basnews en

 25/12/2018 - 21:18

 
 
Rohani announces the bankruptcy of the Iranian treasury from <hard currencies>!
 

Iranian President Hassan Rowhani announced on Tuesday the bankruptcy of the Iranian treasury from hard currency due to US economic sanctions, which he described as "unjust".

In a speech to the Iranian parliament, which reviewed the country's budget for the new Persian year, Rowhani said that his country's foreign exchange savings had reached zero in recent months.

He added that «US sanctions have affected practically and psychologically in the currency market in Iran, where contributed to the deterioration of the Iranian currency».

Rowhani stressed that the new budget is commensurate with the US sanctions imposed on Tehran, describing these sanctions as "unjust".

A few days ago, Iran's First Vice President, Ishaq Jahangiri, acknowledged that the Iranian economy had experienced several troubles during the first months following the US exit from the nuclear deal, pointing to sharp fluctuations in foreign exchange rates.

The "hard" currency means reliable currencies that are safe and stable, primarily the US dollar and the euro.

Washington has re-imposed sanctions on Iran, including an oil embargo, after its withdrawal last May from a nuclear deal signed in 2015 between Tehran and the six major powers. The Iranian currency has lost almost half of its value since the beginning of this year.

Washington has threatened to halt Iran's oil sales, but has granted eight temporary exemptions............Happy Holidays To All May It Be Among The Brightest For All Of Us !

 
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http://www.iraqtradelinknews.com/2018/12/syria-to-revive-railways-connections.html......

THURSDAY, DECEMBER 27, 2018

Syria to revive railways connections with Iran

 
9:35 AM  ADMIN  

 

 
Damascus/ Iraq TradeLink: Press sources reported that Syria is reviving a railway project to connect
syria.jpg
it with Iran through the Iraqi territories.
 
Sham Times electronic site quoted sources at the Syrian transport ministry that the railway line will connect Syria with South East Asia.
 
It added that talks are underway with Iran and Iraq to cooperate in this railway connection, as well as the transit question so that the area will be united in one unit from Iran to Syria.
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Russian Parliament: US military deployment in Iraq to pressure Iran
 
Russian Parliament: US military deployment in Iraq to pressure Iran

 

 



 Twilight News    
 41 minutes ago

The main reason for keeping US forces in Iraq is the attempt by Washington to pressure Iran, which could trigger another conflict in the Middle East.

"I think the United States of America is primarily interested in Iranian territory and they were interested in their presence in Syria as a starting point for a land invasion of Iranian territory," said Alexander Shereen, vice chairman of the Defense Committee of the Russian State Duma, The passage and transit of a vast array of natural resources, mainly gas and oil.Iran is a very important and serious partner for China, and access to the Caspian Sea.Therefore, Iran is the strategic bridgehead of the United States All what is happening in the Middle East is for the approach of US forces s T possible from Iran. "

"This is just an attempt to take a pulse, to explore the possibility of moving to the active stage of harassment of Iran, not from the territory of Syria, as they had previously planned, but from the territory of Iraq, but now they need a kind of conflict somewhere in Afghanistan," he said. , So that this conflict spreads to another country, a country bordering the Caspian Sea ... Let's assume that this country is Turkmenistan so that under this event it will be possible for Washington to increase its military presence "around Iran.

On Wednesday, US President Donald Trump secretly visited the US military in Iraq with his wife Melania. During the visit, which the White House did not announce in advance, the US president said he was not planning to reduce US military forces in Iraq, despite announcing a few days ago his intention to withdraw US troops entirely from Syria.

 
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Friday, December 28,
 
 
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Alsumaria News / Baghdad
The Iraqi economic expert Bassem Jamil Antoine, on Friday, that the United States began to besiege Iran economically in Iraq . Russia is

quoted as saying Antoine as saying that "Iraq has become the arena of economic conflict Iranian Iran, Washington is working to fill the vacuum that will be besieged by Iranian goods in the Iraqi market," pointing out that "Iran has found great facilities in penetrating the Iraqi market during the past years, Encounter difficulties in later times due to the embargo imposed on them. "

 

 


He added that "the government of Washington supports the entry of US private sector companies to Iraq, especially in the coming period of reconstruction, as well as productive companies, which will be one of the mechanisms to impose a blockade on Tehran in the Iraqi market." 

While the US embassy in Baghdad said earlier that "the American Chamber of Commerce brought 50 US companies to the Iraqi market for partnerships and the promotion of sophisticated goods, and seeks through this to establish a mutual partnership with Iraq.

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TEHRAN: It is time to declare our non-compliance with the nuclear agreement

 
Tehran / Agencies
 
The adviser to the head of the judiciary for international affairs and the secretary of the Iranian Human Rights Commission, Mohammad Jawad Larijani, said it was time to announce our non-compliance with the nuclear agreement.
Larijani said in a press statement that «it is wrong to imagine that if we slow down a bit of the rotation of centrifuges will turn the wheel of the economy, or if we do not work (by nuclear agreement) will attack us (militarily)». According to the agency «Knight».
He considered the strategy of pushing aggression to be necessary for the nuclear agreement. He said: The strategy of "everyone is a winner", which is very well known in diplomatic issues, does not apply to the issue of the nuclear agreement, because it is not tantamount to negotiations between two parties. The truth is that "the other side is like the thief who came stealing from us We have. "
Pointing out at the same time «all or nothing» that it is influential in many cases «provided there is confidence between the parties, but in the case of the nuclear agreement no confidence in the other party, and it is supposed that when we take a step to take the other party step in return, Jawad Larijani that the basic condition of the nuclear agreement is «to be able to sell our share of oil, and we get through the banking system and act as we want, pointing out that this was not achieved». 
Larijani stressed that the first step "we must take is not to commit ourselves to the nuclear agreement, but that does not mean leaving the agreement, so that the world can not imagine that we are responsible for taking all the steps in doing what they do whenever they want."
Larijani said: "7 clauses of the nuclear agreement related to America, even if we remove 7 items of an agreement, it becomes worthless, so we have to work in the negotiations in a form of fraud and not only political.
"The nuclear agreement is dead, but the issue is international and our options are more complex and more complex than the simplicity of the nuclear agreement," he said. "We are now essentially outside the nuclear agreement."
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IDF's policy is to place Iran in Iraq in a similar way to Syria

The Israeli army expects to place Iran in Iraq similar to Syria

 

 

Twilight News    

 49 minutes ago

The head of Israel's military intelligence agency, Major-General "Aviv Kohavi," predicted on Monday that Iran would be stationed in Iraq similar to Syria.

"Iraq is being increasingly influenced by Iran and the Quds Force," Israeli army spokesman Avichai Adre'i was quoted as saying on Monday. "Iran may find Iraq as a region suitable for positioning similar to Syria."

"Iran and the Quds Force know very well the difference in capabilities between us and them, especially in the region of Syria, they know that our response to any action on their part will be harsh," he said.

"Lebanon's Hezbollah is in a difficult economic situation," Major-General Kohavi said, adding that his position and position in Lebanon were facing a question mark.


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Rohani: Americans will not achieve their goal of preventing the export of Iranian oil

02:00 - 02/01/2019

 
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Follow - up to the balance of News 
said the Iranian president, Hassan Rowhani, on Wednesday, during a meeting of the Council of Ministers, said that economic activity and positive reason for optimism. "  The 
Iranian president said, Hassan Rowhani, said that economic activity in Iran is a positive reason for optimism, despite the pressures of re - imposing Washington sanctions on Tehran and its withdrawal from the nuclear deal. 
" the Americans will not attain their goal to prevent the export of Iranian oil and oil derivatives." 
Rowhani said that the country 's trade balance recorded a surplus by $ 750 million over the last nine months, according to the news agency "Fars". 
He continued , " During the nine months On the other hand, the trade balance of exports of non-oil goods recorded a surplus of about $ 750 million in an indicator of the successful efforts of economic activists in the public and private sectors. "
The United States reintroduced large-scale sanctions against Iran on August 7, which was previously suspended as a result of a joint comprehensive action plan on Iran's nuclear program between Iran and the International Quartet (Russia, the United States, Britain, China, France and Germany) , Which the United States withdrew in May. 
The second package of sanctions began on November 5, including the energy sector as well as crude hydrocarbon exchange related to the Central Bank of Iran.

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Iranian vice president offers "excellent recipe for the country's economy"

12:49 - 02/01/2019

 
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Mawazine News 
The Iranian vice president presented what he considered an excellent recipe for the country's economy. 
"The resistance economy is an excellent recipe for the country's economy," said Iran's First Vice President Yitzhak Jahangiri. 
Jahangiri spoke to a crowd of officials, elites and deputies during a meeting in Zahedan, the center of the southeastern province of Sistan and Baluchistan. 
"The way out of the current delicate and complex conditions facing the country is more cohesion and understanding between the people and the government than ever before," said Jahangiri. 
"The citizens should be placed in the difficult circumstances in order to be able to emerge from them through cohesion, solidarity and national unity, because the unity between the nationalities is spreading despair and frustration in the hearts of the enemies," the Iranian vice president said.
Jahangiri said that the approach of the resistant economy "an excellent recipe for the Iranian economy, whether before or after the embargo, which is unanimously agreed by the economists and informed by His Eminence the leader of the Islamic Revolution as well." 
Jahangiri stressed that Iran has proved that it is high in the world and advocates of dialogue and logic and does not exceed the legal limits of America in the exact opposite point "when it exceeded and violated all laws."

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POLICYWATCH 3061

Designing Win-Win Economic Policies in Washington and Baghdad

Katherine BauerMichael Knightsand Bilal Wahab

January 3, 2019

 

To pressure Iran without cornering Iraq, U.S. officials should set a program of activities with achievable timeframes, supported by public diplomacy.

On January 3, Iraqi foreign minister Muhammad Ali al-Hakim expressed annoyance at U.S. sanctions on Iran, stating that “the sanctions, the siege, or what is called the embargo, these are unilateral, not international. We are not obliged [to follow] them.” The comments came two weeks after the United States issued a 90-day waiver to allow Iraq to continue importing Iranian natural gas and electricity. This renewal followed the prior 45-day waiver allocated alongside the November 4 reimposition of U.S. sanctions on Iran.

Despite defiant statements, Iraq has signaled its intention to comply with U.S. sanctions and move toward energy independence, while asking Washington for some flexibility with its electricity shortfall problems (especially during summer months). In the next 90 days, the two governments need to agree on a practical program to build confidence and allow for longer waiver periods, akin to the 180-day waivers available to most purchasers of Iranian energy supplies.

IRAQI COMPLIANCE WITH U.S. SANCTIONS

Energy transfers between Iran and Iraq are a potential source of much-needed hard currency for Iran’s security agencies. For example, Washington sanctioned a major Iraqi bank and its well-connected chairman last May for their role in moving millions of dollars from the Islamic Revolutionary Guard Corps to Hezbollah. Iran has also historically used Iraq as a source of U.S. dollars, which is prohibited under sanctions. Washington therefore has three ongoing concerns relating to Iraqi trade with Iran:

Payments for Iranian electricity. Iraq imports between 500 megawatts of electricity from Iran in winter and 1,200 MW in summer, costing approximately $1.2 billion per year. Under the U.S. waiver conditions, Iraq must pay for this in dinars, not U.S. dollars.

Purchases of Iranian gas. The BP 2018 Statistical Review of World Energy reported that Iran’s gas exports to Iraq reached 154 million cubic feet per day (or 13% of the current Iraqi gas supply), allowing Baghdad to generate at least another 1,000 MW of electricity, with plans to increase this to 4,000 MW. Under the waiver, Iraq is required to hold Iran’s revenue from this gas in an escrow account that can only be used to finance bilateral trade.

Other Iranian efforts to secure U.S. dollars. In late 2011, demand for U.S. dollars at currency auctions conducted by the Central Bank of Iraq more than doubled, corresponding to rapid depreciation of the Iranian rial as multilateral sanctions built pressure on Iran’s economy. Although the bank began taking steps in 2015 to ban suspicious buyers in response to U.S. fears that the Islamic State was exploiting auctions, concerns remain that Iran could access the auctions through poorly regulated exchange houses and front companies. Dispensing with the auctions is a distant possibility, but the bank has managed to reduce their profitability by narrowing the gulf between official and actual exchange rates from 6.25% in 2017 to 2% by mid-2018.

FOCUS ON ENERGY INDEPENDENCE

The United States is encouraging Baghdad to reduce its dependence on Iranian gas and electricity by harnessing its own copious and underexploited capacity. Iraq currently wastes around $2.5 billion worth of gas per year via flaring, or 1.55 billion cubic feet per day (ten times the amount imported from Iran). U.S. officials have cautioned Iraq that future waiver extensions will require it to provide a clear plan for achieving energy independence and show tangible steps toward implementation.

Washington would also prefer that Iraq diversify its energy purchases. In July 2018, Saudi Arabia announced its willingness to cooperate on a plan that would supply electricity to Iraq for $21 per megawatt-hour, one-fourth the cost of Iranian imports. Jordan might also be willing to export electricity there, and Turkey has contemplated increasing its cross-border supply to the Mosul area. Moreover, during a recent visit to Iraq, U.S. energy secretary Rick Perry mentioned the potential for temporary imports of liquefied natural gas from the United States and other vendors.

These options could reduce the price of exorbitantly expensive imports from Iran. Iraq buys Iranian gas for $11.23 per thousand cubic feet—compared to the $5.42 that Germany has paid to acquire more-distant gas from Russia, the $6.49 that Kuwait paid for U.S. LNG, or even the $7.82 that Japan paid for LNG, according to BP.

POLICY RECOMMENDATIONS

In the next 90 days, the U.S. government first needs to hold an interagency policy discussion to ensure that the State Department, National Security Council, Treasury Department, intelligence community, and Energy Department are on the same page. Energy experts within these agencies need to clearly lay out which advances are feasible for Iraq in a 90-day timeframe. Likewise, financial and sanctions experts should assess the risks of diverting Iraqi payments to Iran and, relatedly, the capacity of Iraqi financial institutions and their regulators to comply with the waiver conditions. Furthermore, the next waiver extension should be issued with a less arbitrary duration, along with a set of achievable and measurable milestones. These might include:

Iraqi white paper on energy independence. It is reasonable to expect Iraq to draft this paper and get it approved by the cabinet energy committee within the next 90 days. The report should provide a prioritized and sequenced roadmap for increasing gas capture and strengthening the electricity sector by summer 2019 (e.g., the latter effort could include gradually collecting electricity dues with the World Bank’s help and reducing power leakage by refurbishing distribution networks).

Memoranda of understanding. Expecting Iraq to sign major deals with energy firms during the first 45-day waiver period may have been unrealistic. Such deals are typically very large in value and require approval from the Iraqi cabinet, which was only partially formed on October 25—a week before the United States began the 45-day clock. It is more realistic to expect Iraq to sign memoranda of understanding and heads of agreement with international companies in the next 90 days. Yet Washington should appreciate that Baghdad has received competing proposals for gas capture and electricity sector management, and thus will likely try to combine them and force providers to work together—a slow process under the best of circumstances. At the same time, the United States is right to expect progress by this summer, when drought and heat may combine to create a new and destabilizing electricity crisis. This suggests the need to set realistic timeframes and prioritize projects that can show immediate effects.

Energy compact among Iraq’s neighbors. The United States, Germany, and other parties should work to bring Saudi Arabia, Kuwait, and Jordan together on the sidelines of the January 9 Middle East Strategic Alliance meeting in Oman, with the aim of discussing electricity exports to Iraq.

Monitoring U.S. dollars. U.S. and Iraqi authorities should continue their robust exchange of information related to troubling trends in U.S. dollar demand within Iraq, suspicious cross-border wire transfers, and dubious Iraqi exchange houses. As Iraq and Iran seek to expand bilateral trade from $12 billion to $20 billion, Washington will likely keep a close eye on such activity generally. It also has considerable insight into dollar-denominated transactions that draw on Iraqi reserves held at the U.S. Federal Reserve.

Expose bad actors. The Central Bank of Iraq should identify and ban exchange houses and front companies attempting to access U.S. dollars on Iran’s behalf via Iraqi currency auctions. The bank has blacklisted more than 200 exchange houses suspected of engaging in illicit financial activities since 2015, some jointly designated with the United States.

Boost banking sector to counter sanctions evasion. Iraq’s cash-based economy makes it a challenge to stifle Iranian sanctions evasion through monitoring of dollar demand and wire transfers alone. To reform its financial sector, Iraq needs prodding and technical assistance in switching public payrolls from cash handouts to bank debits. Beyond efforts to bring additional trade financing activity into the formal sector, U.S. and Iraqi authorities should reach out to banks, financial firms, and commercial actors in key sectors, raising awareness about the legal parameters of U.S. sanctions and the potential consequences of doing business with certain Iranian entities. Washington should also offer technical assistance to increase regulators’ capacity to implement counter-illicit finance regulations.

Although the United States is pursuing its own interests through these measures, each aspect of its Iran sanctions policy is good for Iraqis. Their leaders should want to use wasted Iraqi gas instead of buying Iran’s expensive imports. They should want to have a more diverse range of electricity providers to secure better value, reliability, and energy independence for the people. And they should want to improve financial controls and promote transparency in the economy, safeguarding its integrity and protecting Iraq’s vital connection to the international financial system. The U.S. embassy in Baghdad should use all available channels to ensure that the Iraqi people understand how sanctions can facilitate these benefits.

 

https://www.washingtoninstitute.org/policy-analysis/view/designing-win-win-economic-policies-in-washington-and-baghdad

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14 minutes ago, SocalDinar said:

Iran has also historically used Iraq as a source of U.S. dollars, which is prohibited under sanctions.

 

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With all the Natural Gas Iraq wastes and the "Camel Dung" all over the place and "Dung" they are all full of on the political end Iraq could supply the world with electricity if they would get off their arses and do something.....:twocents:

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14:12
Last updated
The time now is 02:19 AM
313
 
 
Follow-up / tomorrow Press:
TEHRAN (Reuters) - Iran will send warships to the western Atlantic Ocean, near the US coast, from March, Deputy Commander of the Iranian Navy Admiral Turj Hosny said Friday.
Reports have questioned the feasibility of the move, which comes from fear of US freedom close to Iran.
Hosny explained that the Iranian naval vessels will travel on March 21 to the Atlantic Ocean, in tasks that may last five months, according to the official news agency "Irna".
According to Husni, the naval group includes the helicopter destroyer Sahand, who joined the Iranian navy's southern fleet two months ago.
US aircraft carriers in the Persian Gulf have raised concerns about the Iranian regime, which is seeking its freedom to confront this by showing the Iranian flag near American waters.
The aircraft carrier "John C. Stennis" entered the Arabian Gulf, in December, ending the long absence of US aircraft carriers in the region, with the escalation of tension between Tehran and Washington.
The war of words between the two countries has escalated since the withdrawal of US President Donald Trump from the nuclear deal with Iran in May 2018 and the re-imposition of sanctions on the Tehran regime.
 
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10 hours ago, SocalDinar said:

Dispensing with the auctions is a distant possibility, but the bank has managed to reduce their profitability by narrowing the gulf between official and actual exchange rates from 6.25% in 2017 to 2% by mid-2018.

 

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Iran reveals new economic achievement

12:45 - 05/01/2019

 
image
 
 

Mawazine News 
Iran has revealed an increase in the number of potential new customers to buy Iranian oil, explaining that this increase caused competition in the market and achieve more profits despite the US sanctions. 
"Despite US pressure, the number of potential oil buyers has caused more competition and more profit than before," Oil Minister Assistant Amir Hussein Zamanian said Saturday. 
"The oil ministry is now the most important priority for the Ministry of Petroleum, so that the Iranian oil market will be maintained," Zamanian said. "The Oil Ministry has succeeded in its work for four decades under sanctions."
The United States reintroduced large-scale sanctions against Iran from August 7, which was previously suspended as a result of a joint comprehensive plan of action on Iran's nuclear program between Iran and the six-nation international community, which the United States withdrew from in May. 
The second package of US sanctions against Tehran entered into force on November 5, affecting two vital sectors for Tehran - oil and banks - as well as 700 personalities and entities. 
At the same time, Washington has granted temporary exemptions from oil sanctions to China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey.
Last September, the five countries (Britain, Germany, France, China and Russia) and Iran announced in a joint statement at the end of a ministerial meeting on the sidelines of the UN General Assembly meeting that the European Union will establish a financial mechanism for accounts with Iran under US sanctions. A43

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https://www.al-monitor.com/pulse/originals/2019/01/iran-iraq-dinar-riyal-economy-us-sanctions.html

I
Iran is exerting considerable pressure on the Iraqi government to compel it not to abide by the US sanctions that have been imposed on Tehran in order for it to change its policies in the Middle East and abandon its nuclear program. These pressures include using the Iraqi dinar and Iranian rial in the trade exchange between the two countries.

Iraq serves as Iran’s economic lifeline, and Iran has great influence in the political and economic decision-making process. In addition, it uses the Iraqi territory to achieve its interests in the Arab region by supporting fighters loyal to Bashar al-Assad’s regime in Syria. This comes despite reservations expressed by some Shiites who recently set the Iranian Consulate ablaze in the city of Basra. During demonstrations against the rampant financial and administrative corruption, protesters chanted slogans calling on Iran to stop its interference in Iraqi affairs.

The Central Bank of Iran is struggling to reach an agreement with Iraq on the use of the dinar or the Iranian rial for trade with Iraq, but Iraq needs the approval of the United States, which is still determined to allow Iraq to only import natural gas from Iran for electricity supply for only a short time.

A source in the Central Bank of Iraq told Al-Monitor on condition of anonymity, “An Iraqi delegation that visited the United States in December and that included executives from the Central Bank of Iraq and several ministries such as the Ministries of Oil and Electricity discussed the exclusion of Iraq from the US sanctions on Iran.”

The source added, “The delegation failed to achieve good results, and it only allowed Iraq to buy Iranian gas for its power plants in return for the dinar. The government pledged to do so and opened an account for the Iranian company at a government bank in the dinar currency."

According to the same source, “The United States has categorically refused to entirely exclude Iraq from the sanctions and it only allowed natural gas exports from Iran. This exception may include electricity in the coming period because the United States considers Iraq as an economic lifeline for Iran.”

“The United States is working to enable Iraq to exploit gas for the production of electricity, all the while putting an end to dependence on Iranian products and goods,” the source added.

While the US dollar is still used for trade between Iraq and Iran, all transfers are made outside the Iraqi banking sector through foreign brokers or banks in Syria and Lebanon. The dollar is also being smuggled through primitive ways in southern governorates. The vast majority of trade between the two countries is comprised of Iranian exports to Iraq, so Tehran would likely prefer euro or rial-based transactions.

Fadel al-Hamdani, head of the Iraqi-Iranian Chamber of Commerce, told Al-Monitor, “Trade between Iraq and Iran is still ongoing and has not been affected by the US sanctions imposed on Tehran given the ongoing negotiations between Iraq and the United States.”

He added, “Financial transactions are ongoing as per the normal procedures, and it is traders who are behind the changes that may have affected such transactions. If the Iraqi government makes any decisions related to trade with Iran, then the Iraqi private sector will abide by such official decisions.”

Al-Monitor has repeatedly tried to get the Central Bank of Iraq to comment on the use of the dinar and the rial in trade between Iraq and Iran, but to no avail.

However, a high-ranking Iraqi source told Al-Monitor on condition of anonymity, “The Central Bank is committed not to sell the dollar to Iran and rejects any Iranian attempt to do so.”

The source noted, “The Central Bank also refused any cooperation with Iran aimed at converting the Iranian rial to the US dollar,” stressing that the Central Bank of Iraq even refused to sell the dollar to Iraqis wishing to visit Iran in order to dodge any sanctions that could hit the banking sector and financial sanctions.

Following the latest amendment to the draft budget of 2019, which is being discussed by the Iraqi parliament, the Iraqi government reduced allocations for the import of electricity from 424.6 billion dinars (roughly $357 million) to 70 billion dinars (roughly $59 million).

This means that Iraq will no longer buy electricity from Tehran, and this may spark popular protests similar to the ones that erupted in several provinces after Iran cut off its electricity supplies to Iraq last summer.

“Using the dinar in trade with Iran will lead to an increase in the value of the Iraqi dinar due to higher demand, especially considering that the trade exchange between the two countries reached $8 billion in the past eight months,” freelance researcher and writer Ahmed Hathal told Al-Monitor.

He said, “Iraq’s foreign reserves will increase and the Central Bank will be in a better position to defend the dinar in the event of a high demand of the dollar in the future, especially considering that cash reserves cover the country's needs for more than nine months, thus exceeding the standards set by international financial institutions.”

Hathal added, “Iraq's foreign trade with Iran requires another currency, namely the dollar. Hence the US rejection it will face.”

Annual Iranian exports to Iraq account for more than 22% of the total Iraqi imports, which exceed $35 billion from several countries. The private sector pays for these Iranian goods either through dollar transfers made by exchange companies or through means not accredited by the Central Bank, or by simply transferring cash by car. It is also very difficult for Iraq to ban the dollar due to the Iranian hegemony over the authorities.



Read more: http://www.al-monitor.com/pulse/originals/2019/01/iran-iraq-dinar-riyal-economy-us-sanctions.html#ixzz5bkkv3P4Y

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7 minutes ago, justchecking123 said:

Using the dinar in trade with Iran will lead to an increase in the value of the Iraqi dinar due to higher demand, especially considering that the trade exchange between the two countries reached $8 billion in the past eight months,” freelance researcher and writer Ahmed Hathal told Al-Monitor.

 

Good News HERE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

7 minutes ago, justchecking123 said:

Annual Iranian exports to Iraq account for more than 22% of the total Iraqi imports, which exceed $35 billion from several countries.

 

Just round numbers here.

 

35 Billion USD/year / (52 weeks x 5 CBI currency auction days/ week or 260 days - nominally 10 Holiday days or 250) =

 

140 Million USD/day

 

The 140 Million USD/day in a "closed economy" is supposed to be the ONLY international currency used for Bicraqi Iraqi International obligations for Bicraqi Iraqi imports.

 

If THIS is an accurate accounting of ACTUAL Bicraqi Iraqi imports in USD, then the average weekday CBI daily currency auctions COULD suggest the amount of skimming the Insanians are doing through weekday CBI daily currency auction affiliated entities above 140 Million USD/day.

 

Will the corrupt weekday CBI daily currency auctions STOP to prevent Insanian skimming of Bicraqi Iraqi funds???!!!

 

Could be somethin'. Could be nothin'.

 

In The Mean Time.........................................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

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I'm not so sure putting Iraqi Dinars in the hands of Iran is such a good thing.  Wouldn't the USA, knowing that Iran has been accumulating dinar, then be reluctant to facilitate a value increase in the dinar, thus benefiting Iran?

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US imposed the sanctions making it clear trade between Iran and Iraq can not be in USD...Not sure US can stop rise in Iraq currency ...?..

 

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1 hour ago, fnbplanet said:

I'm not so sure putting Iraqi Dinars in the hands of Iran is such a good thing.  Wouldn't the USA, knowing that Iran has been accumulating dinar, then be reluctant to facilitate a value increase in the dinar, thus benefiting Iran?

 

I Agree, FNBPlanet, AND The Very Best Of Your Weekend AND Up Coming Week To You!!! :tiphat:

 

Especially, physical program rate Bicraqi Iraqi Dinar notes of ANY denomination!!!

 

I would like to think The United States Of America ESPECIALLY, as well as the Bicraqi Iraqi CBI, has the Serial Numbers of ALL the Bicraqi Iraqi Dinar the Insanians have AND ALL the Serial Numbers of ALL the procedurally destroyed by the CBI (worn out, torn, damaged, etc.) Bicraqi Iraqi Dinar so that NO illicit, although LEGAL tender, Bicraqi Iraqi Dinar is exchangeable by the Insanians (or ANY other terrorist or criminal group) in ANY venue whether with the Bicraqi Iraqi CBI or OTHER International entities.

 

If I remember right and understand correctly, the Kuwaitis had an exchange after the Saddam Insane Bicraqi Iraqi invaded Kuwait in 1990 AND raided Kuwaiti notes. Outside of the exchange centers were a physical listings of all the serial numbers of the notes raided by the Saddam Insane Bicraqi Iraqi AND were rendered worthless so could NOT be exchanged.

 

This was in 1990.

 

If I remember right and understand correctly, The United States Of America Treasury personnel have been at the Bicraqi Iraqi CBI since mid January 2015. Going on four (4) years now. So, I am inclined to believe The United States Of America Treasury has a complete, or nearly complete, who has what Serial Numbered Bicraqi Iraqi Dinar compilation logged electronically.

 

This is a couple dimensions on why I think the drive to going to an International "open economy" with a ReInstated Bicraqi Iraqi Dinar will alienate a WHOLE LOTTA capabilities for the Insanians to convert the physical Bicraqi Iraqi Dinar AND render the Insanian Bicraqi Iraqi Dinar worthless since the ENTIRE world banking system will have the capability of AND requirement FOR blocking exchanges of Bicraqi Iraqi Dinar due to the Serial Numbers attributed to Insanian or ANY other terrorist OR Criminal Group.

 

In like turn, the Bicraqi Iraqi CBI will in turn see clearly the need to halt ALL weekday CBI daily currency auctions due to INTERNATIONAL transactions happening in real time with ALL the AML/CFT protocols in place to AUTOMATICALLY screen out a much larger portion of the pilfering and corruption through the Bicraqi Iraqi CBI. With the vastly reduced amount of weekday CBI daily currency auction proceeds to pay for Bicraqi Iraqi imports, the vast majority of proceeds from the weekday CBI daily currency auctions would be to feed the Insanians and OTHER corruption. So, terminating the completely unnecessary, or nearly completely unnecessary, weekday CBI daily currency auctions would eliminate a VAST MAJORITY of the corruption AND further build the Bicraqi Iraqi CBI foreign reserves since the corruption draining the reserves is stopped. Alternately, a new system could already be developed for swapping currencies internationally outside of just the USD that ONLY needs to be activated.

 

Above, I posted nominally 140 Million USD is needed daily to pay for Bicraqi Iraqi imports. So, nominally 25% of the weekday CBI daily currency auctions is feeding corruption if the auctions are nominally 185 Million USD per day.

 

For round numbers let's say:

 

45 Million USD/day (nominally 25% of the current 185 Million/day) x 250 days/year = 11.25 BILLION USD/year being funneled to corruption to INCLUDE the Insanians

 

For perspective, apparently, the Bicraqi Iraqi import of Insanian items is currently some where around 7 billion USD per year (depending on what article is referenced).

 

So, nominally 1/2 of the Bicraqi Iraqi cash cow the Insanians NOW have would be eliminated with eliminating the weekday CBI daily currency auctions.

 

I suspect for a variety of reasons THIS has not hit, YET, that are in front of us while some are hidden AND/OR will NEVER be known about.

 

I believe times have NEVER been better and I am more optimistic about the Bicraqi Iraqi Dinar ReInstatement for THIS AND OTHER Reasons.

 

Well, OK, just my conjecture, thoughts, opinion, and :twocents: for whatever THAT is worth!!! Hey, I might REALLY be a nut job or somethin'!!! CAVEAT EMPTOR Reader!!! :o

 

In The Mean Time.....................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

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