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Washington extends Iraq's exemption from US sanctions on Iran for another 90 days

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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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Synopsis, thank you so much for your thoughts and writing. Very enlightening and thought provoking. 

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1 minute ago, Bama Girl said:

Synopsis, thank you so much for your thoughts and writing. Very enlightening and thought provoking. 

 

Yours As Well, Bama Girl, AND The Very Best Of The Rest Of Your Weekend AND Up Coming Week To You!!! :tiphat:

 

Go Moola Nova!

:pirateship:

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Central Bank of Iran
  

 Arab and international


TEHRAN (Reuters) - Iran's Expediency Council approved an anti-money laundering bill on Saturday in a major step toward reforms that would make Iran committed to international norms and facilitate foreign trade in the face of US sanctions, state media said.

Iran has been trying to apply the criteria established by the FATF, an international body to combat money laundering and counter terrorism financing.

Foreign companies say Iran's commitment to the FATF standards and blacklisting of the organization are necessary to increase its investment, especially after the re-imposition of US sanctions on Tehran.

Iran's hardliners, however, have opposed passage of legislation allowing compliance with the FATF criteria, saying it could disrupt Iran's financial support to allies such as Hezbollah, which the United States lists as terrorism.

Last year parliament passed a bill against money laundering, one of four amendments Iran needs to meet the requirements of FATF. But the Guardian Council rejected him saying it was against Islam and the constitution.

The Islamic Republic of Iran (IRNA) news agency quoted a member of the Expediency Discernment Council as saying that the council, on resolving disputes between parliament and the Guardian Council, had approved the bill with some amendments.

The move follows the appointment of Ayatollah Sadiq Larijani, head of the judiciary, last week as head of the Expediency Council. A brother of Ali Larijani, speaker of parliament.

Seven months after he vehemently rejected parliament's efforts to adopt FATF and other international money-laundering agreements, Supreme Leader Ayatollah Ali Khamenei appears to be beginning to accept reforms in a shift experts say is aimed at preventing the collapse of the country's economy.

In recent months, cities have seen demonstrations, with factory workers, teachers, truck drivers and farmers protesting economic difficulties. The sanctions have led to a fall in the value of the Iranian riyal and fourfold annual inflation rates to about 40 percent in November.

US President Donald Trump withdrew from a nuclear deal with Iran last year and re-imposed sanctions on the energy sector and the banking sector in the hope of curbing Tehran's nuclear and missile programs and countering its growing influence in the Middle East.

The European countries that have signed the nuclear deal are still committed to it and are seeking to launch a mechanism that is described as having a special purpose in order to avoid the US financial system by using an EU framework to conduct trade with Iran.

The Director-General of the Strategic Council for External Relations, an advisory council founded by Khamenei, expressed his support for the relevant draft laws on Friday.

"It is better to complete FATF and anti-terrorist financing systems as soon as possible so that the Europeans do not have an excuse not to implement the (special-purpose) mechanism," Abdul Rida Faraji was quoted by the semi-official ISNA news agency as saying.


Views 23   Date Added 06/01/2019

 
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Iran approves bill to combat money laundering to facilitate foreign trade

08:12 - 05/01/2019

 
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Follow - up - the balance of News 
said , state media said Iran had agreed to a draft law against money - laundering, in a major step towards reforms will make Iran is committed to international norms may facilitate foreign trade in the face of US sanctions. 
Iran has been trying to apply the criteria set by the FATF, an international body to combat money laundering and counter terrorism financing. 
Foreign companies say Iran's commitment to the FATF standards and blacklisting of the organization is necessary to increase its investment, especially after the re-imposition of US sanctions on Tehran.

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05-01-2019 10:55 PM
image.php?token=aa8346a6dd63ac2c1deacf24d7883c45&size=
 


 

 


BAGHDAD (Reuters 
) - Iran's Supreme Court approved an anti-money laundering bill to maintain international trade and banking relations, the regime's "Expediency Council" said Saturday. 
"The draft law on amending the anti-money laundering law has been approved with certain changes and will be sent to the chairman of the Shura Council, who in turn will send it to the government," said Ghulam Reza Musbahi, who oversees disputes between the Shura (parliament). 
Parliament passed the bill last year, but the conservative conservatives, which study all the laws, rejected it, arguing that the amended AML / CFT law would give Western powers influence over the Iranian economy and how Tehran could finance allies in the region along the lines of The Lebanese Hezbollah.
At the same time, Rouhani's government believes that the laws must meet the requirements set by the International Financial Action Task Force (FATF), which monitors countries' efforts to deal with financial crimes. 
The Paris-based FATF will meet again in February to discuss Iran's progress, including its blacklist on Iran and North Korea. 
The group has temporarily suspended measures against Tehran since June 2017. At the same time Iran is working on reforms in this area and comes the ratification of the anti-money laundering law in the framework of these reforms.
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05-01-2019 12:35 PM

image.php?token=da507fea50a0ab9a9d8189126de780c3&size=

 


 

 

 

Baghdad / News

Iran's deputy oil minister, Amir Hussein Zamani Nia, said on Saturday that all countries that have been exempted from the United States to buy a certain amount of Iranian oil imports are committed to US sanctions .

"They do not want to buy even a single barrel of oil from Iran, " the Iranian Oil Ministry's Web site (Shana) quoted Zamani Nia as saying .

He added that despite US sanctions on Iran, Tehran has reached some new 'potential' oil buyers, driven by 'greed and the pursuit of profit '.

In August and November, the United States imposed two severe sanctions on Iran, targeting oil, aviation, industry and banking .

The US president, Donald Trump, withdrew from the nuclear deal with Iran in May 2018 and announced sanctions against Tehran after the latter exploited the proceeds of the deal to fund rocket activities and arm terrorist militias in the Middle East .

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Iran claims new "potential" oil buyers, despite sanctions

Iran claims new "potential" oil buyers, despite sanctions
Oil of Iran
 05 January 2019 09:07 PM

TEHRAN (Reuters) - All countries that have been exempted from the United States to buy a specific amount of Iranian oil imports are committed to US sanctions, Deputy Oil Minister Amir Hussein Zamani Nia told news agencies.

Iran's deputy oil minister said on Saturday that his country hoped to find new buyers, according to "Reuters . "

The United States withdrew from Iran's nuclear deal last year and re-imposed sanctions on Tehran to restrict the banking and oil sectors while temporarily allowing eight buyers to continue buying crude from Iran .

"China, India, Japan, South Korea and other countries that have received exemptions from the US to import Iranian oil do not want to buy even one more barrel of oil from Iran," the website of the Iranian Oil Ministry (Shana) quoted Zamani Nia as saying.

"Despite US pressure on the Iranian oil market, the number of potential buyers of Iranian oil has increased significantly due to competitiveness, greed and the pursuit of more profit," he said, without elaborating .

In addition to the countries mentioned by the Iranian official, the United States granted the 180-day exemption to Italy, Greece, Taiwan and Turkey .

Iran has urged European countries still committed to the nuclear deal to oppose sanctions by applying a financial mechanism that would make it easier to pay for Iranian oil .

Zamani Nia said the mechanism would be "useful but can not solve problems given the influence of US influence on any European move."

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Date of release: 2019/1/7 10:48  530 times prescribed
Shamkhani reveals US offer to negotiate with Iran
The secretary of Iran's Supreme National Security Council, Ali Shamkhani, revealed that delegates from the United States met him during his recent visit to Afghanistan and announced Washington's readiness to negotiate with Iran.
He Shamkhani in a speech on Monday during the forum "defense and security in West Asia , " the international meeting held in Tehran, to 3 fixed policies of the Republic of Islamic Iran said that collective security by the governments of the region is through the basic solution and sustainable to establish security in the region. " 
He said the opposition Changing borders and dividing countries as the second pillar of this policy, adding that the serious opposition to the presence of military forces of countries from outside the region in which constitute the third pillar of this policy. 
He said that during my recent visit to Afghanistan, Mandoban met with the United States and said that the United States would like to negotiate with you, but it is clear that Iran will not negotiate with them because the United States is in breach of the covenant, unreliable and meaningless to negotiate with.
"The US national security adviser, John Bolton, makes the decision, according to the information of the terrorist group, but it is flawed to have its claims to take the information of the hypocrites, which are designed to prevent the diminution of their numbers, as a basis for making strategic decisions against Iran," he said. "This year will be the year that America will emerge from the region against its will and will be forced to go out," 
Shamkhani advised Bolton, "at least to change the terminology contained in the publications of the hypocrites and not to list the same sentences in their national security document. 
From the Gulf in the future as well. "
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Iran: Trade arrangements with the EU are moving slowly

12:52 - 08/01/2019

 
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Follow - up - the balance of News 
Mohammad Javad Zarif , Iran 's foreign minister said on Tuesday that the European Union is moving at a slower rate than expected in non - dollar trade facilitation with Tehran to avoid US sanctions, forcing Iran to discuss ways with other countries. 
"We are continuing to work with the Europeans on the specific purpose mechanism, but we are not waiting for them," Zarif told reporters in New Delhi. "We are working with our traditional partners such as India, China and Russia to continue to work for our people," he said. 
The EU wants the mechanism, known as a specific mechanism, to help preserve the economic benefits of Iran from Tehran's restrictions on its nuclear program under the 2015 agreement with world powers. In May 2018, US President Donald Trump announced the US withdrawal from the agreement.
Diplomats from the European Union hoped to implement the special-purpose mechanism last year, but the mechanism faced delays, while member countries declined to host them for fear of being under the sanctions imposed by the United States to impose on Iran. 
Zarif also said he was in talks with Indian officials about selling more urea to India at a "reasonable" price

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U.S. Lawsuits Against 10 Lebanese Banks Dismissed

Published January 6th, 2019 - 08:59 GMT via SyndiGate.info

 

 

The Association of Banks in Lebanon Friday dismissed as “baseless” two civil lawsuits filed in New York this week against more than 10 Lebanese banks. (Shutterstock)
The Association of Banks in Lebanon Friday dismissed as “baseless” two civil lawsuits filed in New York this week against more than 10 Lebanese banks.

The Association of Banks in Lebanon Friday dismissed as “baseless” two civil lawsuits filed in New York this week against more than 10 Lebanese banks, as Lebanese officials rushed to emphasize that the action does not indicate souring relations with the U.S.

 

 

One suit was filed on the first day of the year by three law firms: Osen LLC in New York, Motley Rice in South Carolina and Turner and Associates in Little Rock, Arkansas.

It alleges that at least 11 Lebanese banks “aided and abetted Hezbollah ... by knowingly providing substantial assistance to Hezbollah in the form of financial services and resources.”

A separate suit filed the next day by The Berkman Law Office in New York makes the same allegations.

Both suits seek compensation for damages incurred in Iraq and during Israel’s 2006 War on Lebanon, under a U.S. legal code specifying that liability for acts of international terrorism can fall on any party that aids or abets the perpetrators.

The banks named in the lawsuits are Societe Generale de Banque au Liban, Fransabank, BLOM Bank, Middle East and Africa Bank, Byblos Bank, Bank Audi, Lebanon and Gulf Bank, Banque Libano-Francaise, Bank of Beirut, Bank of Beirut and the Arab Countries, and Jamal Trust Bank, in addition to unidentified defendants.

In a statement released Friday afternoon, the Association of Banks in Lebanon said it was “fully convinced of the lack of truth and seriousness” of the claims, and that it was convinced “of the fairness of the U.S. judiciary, as has been proved in the past.”

“The ABL believes that these two lawsuits do not have any factual or legal basis, and the [Lebanese] banks will coordinate with their lawyers to take the necessary steps to follow up on this issue,” the statement read.

 

 

 

This is not the first case that Osen has filed against Lebanese banks. It also served as representation in a lawsuit against five Lebanese banks in 2007 that was subsequently “rejected by the relevant U.S. courts in New York,” the ABL said.

The firm has also taken suits of this kind before. Osen currently has at least four other counterterrorism financing cases against European banks, including HSBC, Deutsche Bank, Credit Lyonnais and National Westminster Bank. It bills itself as litigating cases that, like those filed earlier this week, are “massive in scope.” Lebanese officials quickly downplayed the significance of the filings, emphasizing that they were made by private entities and did not reflect the position of the U.S. government.

Osen “is a company trying to make money, so it included ... Lebanese banks with deep pockets in hopes of maybe reaching a settlement,” Lebanon’s Ambassador to the U.S. Gaby Issa told The Daily Star over the phone.

He added that the lawsuit would take years. The law firm would need to provide hard evidence to support its case, he said, but Lebanese banks do not, in fact, deal with Hezbollah, as per U.S. regulations and sanctions.

When members of the banking sector were in Washington, D.C., Issa said, “the U.S. Treasury and State Department spoke of their appreciation for Lebanese banks complying with U.S. regulations and their keenness on maintaining the financial stability of Lebanon.”

The ambassador also questioned the motive behind some Lebanese journalists’ reporting on the matter, which, he said, was attempting to jeopardize Lebanon’s stability. “Some Lebanese journalists were writing that the American administration would not allow U.S. correspondent banks to coordinate with Lebanese banks and use the SWIFT [international payments system]. This is completely false, and I received in writing assurances that the U.S. administration was keen on Lebanon’s stability and its banking sector.”

He said the Osen suit was “a long-term lawsuit with no immediate threat.”

A senior Lebanese banking source also stressed the U.S. Treasury wanted a good relationship with Lebanon’s banking sector.

“The recent lawsuits are very politicized, but the U.S. administration has nothing to do with [them],” the source told The Daily Star.

By Joseph Haboush

 

 

 

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It’s all about the $$$$$......Everything can be swept away if the Deal and payout is good enough.

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US report: Iraq is wasting ten times the quantities of gas imported from Iran
US report: Iraq is wasting ten times the quantities of gas imported from Iran

report published by the Washington Institute for Near East Policy 
points to the nature of energy deals with Iran and the quantities Iraq imports from electricity and natural gas. 
"The transfer of energy between Iran and Iraq is a potential source of much-needed hard currency for the Iranian security agencies, where Iran has historically used Iraq as a source of the US dollar," said Michael Knight, a researcher with two center researchers. 

Iraq imports between 500 megawatts of electricity from Iran in the winter and 1200 MW in the summer at a cost of about $ 1.2 billion per year. Among the terms of the US exemption, Iraq must pay in exchange for dinars, not US dollars.

On the purchase of Iranian gas, the report of the "BP" of the "Global Energy Statistical Review" for 2018 that the gas exports from Iran to Iraq amounted to 154 million cubic feet per day, allowing Baghdad to generate at least 1000 MW Of electricity, with plans to increase it to 4000 MW. 

He added that the United States encourages Baghdad to reduce its dependence on Iranian gas and electricity by harnessing its abundant and unexploited energy. 

Iraq currently wastes about $ 2.5 billion of natural gas a year as a result of its burning, or 1.55 billion cubic feet per day (ten times the amount imported from Iran). 

US officials have warned Iraq that the next extension of the exemption deadline will require him to present a clear plan aimed at achieving energy independence and showing concrete steps towards implementation.

These options have reduced the price of expensive imports from Iran. According to BP, Iraq buys Iranian gas at $ 11.23 per thousand cubic feet, compared to $ 5.42 paid by Germany for gas far from Russia, or $ 6.49 paid by Kuwait for liquefied natural gas, or $ 7.82 by Japan Compared to LNG. 

In the next 90 days, the US government first needs an inter-agency political debate to ensure that the National Security Council clearly identifies what are possible proposals for Iraq within a 90-day time frame. 

Similarly, money and sanctions experts should assess the risk of transferring Iraqi payments to Iran and the related ability of Iraqi financial institutions and their monitors to comply with the terms of the exemption.

Iraq must provide a priority and sequential roadmap to increase gas retention and strengthen the electricity sector by the summer of 2019. (For example, the latter effort could include a gradual collection of electricity entitlements with the assistance of the World Bank and reducing energy leakage by renewing distribution networks). 

MOUs: The prospect of Iraq signing large deals with energy companies during the first 45-day grace period was unrealistic. Such deals are usually of great value and require the approval of the Iraqi cabinet, which was only partially formed in 25 years. October - a week before the United States starts 45 days.

Energy Charter between Neighboring Countries of Iraq: The United States, Germany and other parties should work to bring Saudi Arabia, Kuwait and Jordan together on the sidelines of the Middle East Strategic Alliance to be held in Amman on January 9 to discuss electricity exports to Iraq. 

MONITORING US DOLLARS: The US and Iraqi authorities should continue to share strongly information about the worrisome trends in US dollar demand in Iraq, suspicious cross-border transfers, and questionable Iraqi exchange offices. 

While Iraq and Iran seek to expand bilateral trade from $ 12 billion to $ 20 billion, Washington is likely to closely monitor such activity in general. It also has an in-depth understanding of dollar-based transactions that rely on Iraqi reserves in the US Federal Reserve.

Exposing bad actors: The CBI should identify and prohibit exchange offices and front companies seeking to access the US dollar on behalf of Iran through Iraqi currency auctions. In this regard, the Bank has blacklisted more than 200 exchange offices suspected of involvement in illegal financial activities since 2015, some of which have been jointly listed with the United States.

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Iran's oil exports continue to fall in January

Iran's oil exports continue to fall in January



 Twilight News    
 2 hours ago

Oil exports will continue to fall sharply for a third month in January as new buyers are hard to find under US sanctions, oil data showed. 
Iranian oil exports in November fell to below 1 million barrels per day (bpd) from normal sales of 2.5 million barrels before sanctions were imposed in May, returning to their level during the previous round of sanctions between 2012 and 2016.

Buyers attributed the sharp decline in exports in November to a lack of clarity on the quantities allowed to buy under the new US sanctions.

Washington later granted exemptions to eight traditional Iranian oil buyers, including China, Japan and South Korea, to avoid a rally in oil prices, but that did little to support exports.

Shipping and industry sources said Iran's crude shipments remained below 1 million barrels per day in December and are unlikely to exceed that level in January despite rising on a monthly basis.

"I expect a slight increase in the second half of January as some Asian leaders resume raising their imports," one source said. "At the moment, I expect it to be around 900,000 bpd in January."

Taiwan, which has been buying Iranian oil, said last year it was no longer buying it despite being exempted because of a lack of a clear payment mechanism.

Tehran claims its exports have not retreated to the extent that the industry has been able to "sell oil to new buyers." But refused to reveal them.

"We expect a slight increase from December, but not huge," a source at another company monitoring Iranian shipments said, putting the monthly increase at 50,000 bpd.

Keywords: 

 

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Iran's oil exports continue to decline in January despite exemptions

09:52 - 11/01/2019

 
image
 
 

Follow - up - the balance of News 
indicated Shipping data sources in the oil industry that Iran's crude exports will continue to be strongly , down a third month in January , while you find Tehran difficulty finding new buyers under new US sanctions although for its customers traditional exemptions. 
Iran's oil exports fell in November to less than 1 million barrels per day (bpd) from a record 2.5 million bpd sales before sanctions were imposed in May, returning to their level during the previous round of sanctions between 2012 and 2016. 
Buyers said the sharp drop in exports in November The second, which will have a severe impact on the revenues of the budget of the Islamic Republic, due to lack of clarity on the total quantities allowed to buy under the new US sanctions.
Washington later granted exemptions to eight traditional Iranian oil buyers, including China, Japan and South Korea, to avoid a rally in oil prices, but that did little to support exports. 
Iran's crude shipments remained below 1 million bpd in December and are unlikely to exceed that level in January, despite rising monthly, freight data and industry sources said. 
"I expect a slight increase in the second half of January as some Asian leaders resume raising their imports," one source told Reuters. "At the moment, I expect it to be around 900,000 bpd in January." 
Taiwan, which has been buying Iranian oil, said last year it was no longer buying it despite being exempted because of a lack of a clear payment mechanism.
The Islamic Republic says its exports have not fallen as much as the industry has been able to sell oil to new buyers. But refused to disclose them for fear of new sanctions. 
"We expect a slight increase from December, but not huge," a source at another company monitoring Iranian shipments told Reuters, adding the monthly increase at 50,000 bpd. 
Some buyers, who had declined to buy Iranian crude in November, began to return again. Reuters said on Tuesday that Turkey resumed its imports of Iranian oil after a one-month suspension in November but at less than half of what it had bought before sanctions. 
Iranian exports amounted to at least 2.5 million bpd in April, the month before US President Donald Trump withdrew from a nuclear deal signed by world powers with the Islamic Republic in 2015 and re-imposed sanctions on Tehran.
Iran has pledged to continue exporting crude despite US efforts to stop it altogether

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Impact of trade exchange (Iraqi-Iranian)

The dinar and its impact on the national currency
5c33fd89b41e0.jpg
 
 
 

Since the Islamic Republic of Iran entered into the second package of sanctions imposed by the United States, which includes two important sectors are the energy sector and the banking sector, and raised some questions on the impact on the Iraqi economy if the exclusion of trade between Iraq and Iran, Excluded some countries, including Iraq for (90) days, to settle the accounts related.

Suppose Iraq and Iran signed an agreement that would lead to dealing with the dinar and riyal. What is the impact on the Iraqi dinar?

The demand for money and the exchange rate is a positive one, and I mean the price of the dinar against the dollar. The higher the demand for the dinar, the higher the value of the national currency. And the increase in the volume of foreign reserves in the Central Bank and this will enhance the ability of the Central Bank to defend the dinar against any future dollar demand, especially that Take care Cash Attiyat cover the needs of the country for more than 9 months. This exceeds the standards set by international financial institutions.

The reason is that the monetary demand function is moving to the top rather than the demand only, as a result of changing the method of repaying foreign trade receivables in Iraq in dinars and not in dollars. In the case of a monetary cash leak from Iran and dollars for Iran on the black market without legal controls, the equation will be reversed. Presenting the dinar at home The central bank is exposed to pressure in the exchange rate and sells large quantities because of the increase in the dinar.

There should be a unit of measurement for the two currencies, and the most accurate currency is the dollar, but will the US accept that the dollar is the criterion for determining the values of the two currencies? This is what we will touch in the coming days after the continuation of the Iraqi-Iranian agreement.

https://annabaa.org/arabic/economicarticles/17857

 

 

 

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35 minutes ago, 6ly410 said:

The demand for money and the exchange rate is a positive one, and I mean the price of the dinar against the dollar. The higher the demand for the dinar, the higher the value of the national currency.

 

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“Suppose Iraq and Iran signed an agreement that would lead to dealing with the dinar and riyal. What is the impact on the Iraqi dinar”

 

Before this agreement is adopted, I believe the CBI needs to give real market value

to the dinar..... In others words RV

 

Go CBI

Go international 

Go RV

Go $1:1

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5 minutes ago, Laid Back said:

“Suppose Iraq and Iran signed an agreement that would lead to dealing with the dinar and riyal. What is the impact on the Iraqi dinar”

 

Before this agreement is adopted, I believe the CBI needs to give real market value

to the dinar..... In others words RV

 

Go CBI

Go international 

Go RV

Go $1:1

Yup

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We been talking about those sanctions for a long time now.. something has to give imo

Edited by 6ly410
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Wouldn't it be just freaking GREAT that now in it's ( IRAQ )16 th. year and a Bazillion issues chin wagged under the bridge, we'd FINALLY see SOME ACTION & ALL OUR BANK ACCOUNTS WERE WONDROUSLY IMPACTED ?????

 

STOP IT ! JUST STOP IT  ! 

 

. . . as the years go by, my wife says I sound more & more like Lewis Black. I'll take that as a Great compliment.

 

I would bring a L.Black youtube short over, but his language can be a might " Frosty "

 

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