Sources: Iraqi efforts to discourage Washington from dollar restrictions have failed so far

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Newspapers are interested in the prime minister's visit to Paris and are following the central bank's measures to confront the crisis of the dollar's high price

Saturday 28 January 2023 01:17 | JournalismNumber of readings: 178

Newspapers are interested in the visit of the Prime Minister to Paris and follow the measures of the Central Bank to confront the crisis of the rise in the price of the dollar (ninanews-com.translate.goog)

Baghdad / NINA / - Today, Saturday, the twenty-eighth of January, the newspapers issued in Baghdad paid attention to the visit of Prime Minister Muhammad Shia'a al-Sudani to Paris and the Central Bank's measures to confront the crisis of the high dollar exchange rate.

The newspapers highlighted on their front pages the signing of the Prime Minister and French President Emmanuel Macron, the "strategic partnership agreement between Iraq and France", which is the first of its kind after the year / 2003 / and it is the most comprehensive agreement between the two countries since 1968.

It indicated the most important contents of the agreement, consisting of 4 chapters and 50 articles, including cooperation in various fields such as economy, armaments, energy, trade, education, services, infrastructure construction and other important fields.

The newspapers also focused on the signing by the Iraqi and French sides of a memorandum of understanding in the field of combating corruption, which includes a number of paragraphs related to joint cooperation between the two countries in the field of combating corruption, exchanging information and investigating corruption crimes and limiting its spread, and recovering stolen and smuggled Iraqi funds before and after 2003, and Recovery of those wanted in corruption cases.

Regarding the dollar crisis, Al-Sabah newspaper, published by the Iraqi Media Network, said: “The market and observers of the economic and financial affairs are awaiting new measures by the Central Bank to alleviate the impact of the crisis related to the fluctuation of the exchange rates of the dinar against the dollar, which has negatively affected during recent times the rise of most commodities and goods and the decline commercial movement.

And she added, "The exchange rates of the dinar against the dollar are still unstable in the markets, as they gradually decreased after the appointment of a new administration for the Central Bank, and then rose again, to now range between 160-161 thousand per 100 dollars."

Economic expert Ahmed Al-Hathal told Al-Sabah: "The exchange rate of the dollar against the dinar has reached high levels and is the highest, due to two reductions. On the internal monetary dollar after activating a new mechanism with a platform linked to the US Federal Bank and the global financial system, so the central bank should take new measures to mitigate the impact of that.

He pointed out: “The Central Bank administration received notifications more than two years ago of the need to activate the platform to find out the truth about documentary credits and the amount of goods and services corresponding to financial transfers, due to the existence of suspicions of money laundering and the low indicators of Iraq in the anti-corruption classifications, and this poses a threat to the economy because it will collapse if it is not Reform mechanisms are applied seriously.

Al-Hathal explained: "The mechanism of the foreign transfers monitoring platform serves the economy and protects the local currency cover from collapsing as a result of the high volume of transfers, but the government should work to activate more serious measures regarding corruption, overthrow smugglers and banks that receive fake invoices, and close unlicensed companies because they sell At a higher rate than the official exchange rate, which is 11% different between them, in addition to protecting social groups from the impact of the parallel exchange rate hike, because this created social problems between the creditor and the debtor, as well as led to stagnation in the markets.

On the economic issue, Al-Zaman newspaper also followed the endeavors and work to support and develop the private sector and raise its productivity.

And she said in this regard: "The Minister of Industry and Minerals, Khaled Battal, discussed with the Council of Advisors in the Prime Ministry, in the presence of general managers in the field of industry, the file of establishing and developing industrial cities, and simplifying the procedures for granting incorporation licenses to establish small and medium projects in various industries."

The newspaper added: "The minister discussed with the management of the General Company for Hydraulic Industries, work mechanisms and contracts, as well as the company's activities and capabilities in supporting the state. He stressed the need to develop modern and advanced factories and production lines, to raise the level of production and reach competition, and pay attention to the advertising aspect to introduce the capabilities and capabilities The company, as well as rehabilitating idle and out-of-service military machinery and equipment.

The Minister of Industry pointed out the importance of protecting Iraqi products, producing modern irrigation systems, and other issues related to the industrial sector.

Al-Zaman continued: "The meeting stressed the importance of industrial cities in organizing industries and creating job opportunities, and moving towards establishing new industrial cities that focus on strategic industries, the most important of which is pharmaceuticals."

Battal explained: "The ministry intends to refer industrial projects in Basra, Karbala, and Najaf, and to cooperate with the Turkish side to establish industrial cities in Mosul, Tal Afar, and other cities." / End
 

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The Sudanese financial advisor to / NINA /: Iraq extending its arms to Europe is a start for a sustainable economy

Saturday 28 January 2023 12:23 | EconomicalNumber of readings: 207

Financial advisor to the Sudanese to / Nina /: Iraq extending its arms to Europe is the start of a sustainable economy (ninanews-com.translate.goog)

Baghdad / NINA / - Adviser to the Malian Prime Minister, Mazhar Muhammad Salih, described Al-Sudani's visit to France as "successful and successful", stressing: "Iraq's extension of its arms to Europe is a launch for a sustainable economy."

Muhammad Salih said in a statement to the National Iraqi News Agency ( NINA 😞 "The strategic agreement signed by Prime Minister Muhammad Shia' al-Sudani with the French President stems from economic visions for sustainable development for Iraq, as its axes include gas, clean energy, culture, antiquities, university affairs and education, in addition to the contributions of French experience in agriculture itself and the affairs of industry.

The financial advisor stressed that "Iraq needs the heart of Europe, and the heart of Europe is Paris, so Iraq's engagement with Europe is a correct start to extend Iraq's arms to Europe in the field of cooperation, development and progress."

And Mohammed Saleh continued: "It is a successful and successful visit that builds long-term relations with industrialized France, which is influential in Europe and globally."

Al-Sudani visited Paris on Thursday and Friday at the head of a high-level delegation. He met French President Emmanuel Macron and the French Prime Minister.

During the visit, a strategic partnership agreement was signed between Iraq and France, and a number of memorandums of understanding in the areas of combating corruption, recovering Iraqi funds, protecting antiquities, supporting scientific research and training diplomats./ End
 

[yota691]

Mohamed Shiaa Sudanese returns to the homeland

7 hours ago

The Prime Minister, Mr. Mohamed Shia'a Al-Sudani, returns to the homeland, after concluding his visit to the French capital, Paris, which lasted for one day.

The visit witnessed the signing of the strategic partnership agreement between Iraq and France, which included more than 50 items for cooperation and exchange in various fields.

The visit included the signing of a number of memorandums of understanding in; Fighting corruption, recovering Iraqi funds, protecting antiquities, supporting scientific research and training diplomats.
The visit also witnessed holding meetings with a number of representatives of major French companies in sectors; Energy, transportation, military armament and infrastructure.

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[markb57]

sounds like all this was about was the usual.....Iraq begging for money as always.

 

And blaming the US for their worthless currency....

[yota691]

'Despite a friendly government'

Iranian newspaper: 4 reasons increase the rift between Tehran and Baghdad

2023.01.28 - 17:32

 

Baghdad - people  

The Iranian reformist Etemad newspaper said that the visit of Iraqi Prime Minister Muhammad Shia' al-Sudani to France, and his meeting with French President Emmanuel Macron, confirms the existence of a growing rift in relations between Iran and Iraq.  

  

  

  

And the newspaper stated (January 28, 2023), that “there are reasons that led to an increase in the rift between the two countries, saying: The French President’s statements about the need to limit Iran’s influence in Iraq, and Baghdad’s insistence on naming the Gulf as the “Arabian Gulf”, and lowering the level of trade relations between the two countries. And Iraq's refusal to pay gas and electricity dues to Iran, all of which confirm that the policy of containing the "Islamic Republic" is being applied even by the friendly Shiite government in Iraq, according to the newspaper's expression.  

  

Earlier, the Iranian newspaper "Stareh Sobh" accused China and Iraq, as well as South Korea, of taking explicit positions against the Iranian regime during the recent period.  

  

The newspaper, in its issue issued today (January 18, 2023), followed by "Nass", stated that "the common positions of China, South Korea and Iraq in expressing their desire for the Arabs towards Iran is a point that must be considered and should not be neglected."    

  

The newspaper added: “During his recent visit to the Kingdom of Saudi Arabia, Chinese President Xi Jinping showed the green light to the Arabs regarding the three islands owned by Iran historically, while Al-Sudani and some other Iraqi officials deliberately called the Persian Gulf the name of the Arabian Gulf. In another similar situation, the President of Korea said Yoon Seok Yul, who visited the UAE, referred to Iran as the biggest threat to the UAE in a dubious position, and said in his claims: “The UAE, its biggest enemy is Iran and our enemy North Korea. We are in a very similar situation with the UAE!"    

  

Political analyst Hassan Beheshti told the newspaper, "South Korea will not be the last country to take such a stance against Iran, because Tehran is currently in a position of weakness, and it is natural for countries to take positions as required by their interests and attack Iran politically."    

  

Burr believed that "it is not correct to consider South Korea's recent positions as a result of American pressure or to satisfy the Emirati side; rather, these anti-Tehran positions are a natural result of Iran's foreign policies, and Iran should reconsider its policies," as he put it.    

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Former deputy: Al-Sudani seeks to diversify dealings with countries of the world in signing agreements

money and business
   

Economy News-Baghdad
Former MP Jumaa Al-Atwani confirmed that the current government has raised the slogan of productive diplomacy in its visits to foreign countries, not like its predecessors in terms of protocol visits.

 

Al-Atwani said in a televised interview, followed by "Al-Eqtisad News", that "whoever looks at the strategic agreement between the Iraqi and French governments feels that the government has gone to an integrated government program that has an economic and service dimension."

 

He added, "When the prime minister went to Germany, he signed memorandums of understanding on electric energy and the conversion of associated gas into clean energy. The same agreements were transferred to Paris to diversify dealings with countries and not rely on a specific country."

 

He explained that "the signing of agreements with several countries benefits Iraq because it does not depend on a single source to provide services, especially the changes that occurred after the Russian-Ukrainian war and the economic recession in the world."  

 

 

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Observations 121

Added 01/29/2023 - 12:56 PM

Updated 01/29/2023 - 5:48 PM

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Washington receives "compelling evidence." Iran trades Iraqi dollars

Washington receives "compelling evidence." Iran trades Iraq dollars - Shafaq News

2023-02-01 02:30

 

Shafaq News / A Saudi newspaper revealed, on Wednesday, that the Ministry of The US Treasury - on irrefutable evidence of Iran's circulation of dollars recently received by Iraq from Washington, for the past two weeks.

 

 

The newspaper "Asharq Al-Awsat, in a report seen by Shafaq News Agency, that "the Americans feel that Baghdad is dealing with indifference to Their recent warnings to Iraqi financial institutions that buy and sell dollars."

The newspaper pointed out that "the Iraqi government tried to build European pressure group on the United States to ease its restrictions on dollar sales in Iraq, but Baghdad's diplomatic channels have failed in those endeavors."

It quoted Iraqi sources as saying that "Prime Minister Mohammed Shia al-Sudani, tried to establish a lobby, during his recent visit to Paris and Berlin this month past."

The sources pointed out that the Sudanese government is concerned that the crisis The dollar may end with the fall of the government quickly, and that the channels chosen by the Sudanese "To convince the Europeans to help Iraq to put pressure on Washington was weak and conventional."

Another source, who said he was familiar with the government's atmosphere, said. "Sudani's small team does not include any experts in European affairs. Relying on Iraqi embassy staff in Paris and an obscure businessman to arrange a visit Sudanese to Paris."

 

 

[yota691]

'Smuggling continues despite the measures'

Sources: Iraqi efforts to discourage Washington from dollar restrictions have failed so far

2023.02.01 - 09:10

 

Baghdad - people  

"Reliable Iraqi sources" told a newspaper published in London that the Iraqi government tried to build a European pressure group on the United States of America to ease its restrictions on dollar sales in Iraq, but Baghdad's diplomatic channels failed in those efforts.  

  

 

  

  

The sources confirmed in a report by Asharq Al-Awsat, followed by Nass (February 1, 2023), that “Prime Minister Muhammad Shiaa al-Sudani tried to establish a lobby during his recent visit to Paris and Berlin last month, while the Sudanese government is concerned that the dollar crisis may be It ends with the government's downfall quickly, according to political and media sources."  

  

The private sources revealed, "The channels that Al-Sudani chose to persuade the Europeans to help Iraq to put pressure on Washington were weak and traditional."  

  

A source familiar with the government's atmosphere said, "Al-Sudani's small team does not include any expert in European affairs, while the employees of the Iraqi embassy in Paris and an unknown businessman were relied on to arrange Al-Sudani's visit to Paris."  

  

And the French presidency said, last Friday, that "President Emmanuel Macron met with Iraqi Prime Minister Muhammad Shia' al-Sudani, and they concluded a set of strategic agreements aimed at strengthening economic cooperation between Iraq and France."  

  

According to the sources, al-Sudani's attempts in Europe reflect "an Iraqi understanding of the American position, that it is very rigid in restricting the movement of the dollar to prevent its smuggling."  

  

The sources confirmed, "Washington has obtained compelling evidence that Iran has traded during the past two weeks in dollars that Iraq recently received from the US Treasury."  

  

The sources pointed out, "The Americans feel that Baghdad is dealing with indifference to their recent warnings to Iraqi financial institutions that buy and sell dollars."  

  

The Iraqi government obtained the advice of a small team of experts that al-Sudani should travel to Washington quickly at the head of a high-level financial delegation to negotiate a postponement of the application of US restrictions on dollar sales, in exchange for a pledge to implement quick reforms to prevent dollar smuggling. However, the private sources completely ruled out the success of these negotiations, because Washington is no longer waiting for commitments it has been hearing for years without results on the ground, according to Asharq Al-Awsat.  

  

Al-Akhbar newspaper, which is close to the Lebanese "Hezbollah", quoted an Iraqi parliamentary source (January 28, 2023) as saying that Al-Sudani requested French mediation in order to set a date for his upcoming visit to Washington, to discuss the dollar crisis and US restrictions on remittances.  

  

Yesterday, Nermin Maarouf, a member of the Parliamentary Finance Committee, told “NAS” that “the governor of the Central Bank of Iraq, Ali Al-Alaq, informed them on Tuesday that he will meet with representatives of the Federal Reserve Bank and the US Treasury Department in Istanbul on February 2 to discuss the issue of the depreciation of the dinar against the dollar and the steps taken.” to be taken in this regard."  

  

The deputy quoted the central bank governor as saying that in the meeting with officials of the Federal Bank and the Treasury, they will make it clear that the measures they took to sell the dollar had a great impact, and they demand that they be scheduled step by step.  

  

A member of the Finance Committee said that the governor of the Central Bank informed them that they would visit the United States on February 8 and 9 to discuss the same issue.  

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France announces the desire of its companies to invest in a vital field in Iraq

  Economy News Agency - France announces the desire of its companies to invest in a vital field in Iraq (economy-news.net)

Economy News / Baghdad

Minister of Construction, Housing and Public Municipalities Benjamin Rikani on Sunday called on French companies to participate in the implementation of service projects in Iraq.

Rikani said in a statement on the sidelines of his meeting with the French ambassador to Baghdad, Eric Chevalier, and the regional director of the French Development Agency in the Middle East, Catherine Bono, that "deepening the joint relations between the two friendly countries is important, especially after the recent successful visit of Prime Minister Mohamed Shia al-Sudani to Paris."

He added that "the ministry has many projects in the fields of roads and bridges, housing, water, and sewage, as well as basic design projects for cities."

For his part, the French ambassador expressed during the meeting "the desire of French companies to implement projects, especially in the water sector, as well as support for the French Development Agency to finance projects, including the expansion and development of water networks in Mosul, and the heavy water treatment plant in Khalidiya in Anbar province."

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Added 2023/02/05 - 4:15 PM

Update 2023/02/05 - 8:54 PM