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Newspaper: The framework will agree to two demands of Washington for the stability of the exchange rate


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'Under dollar pressure'

London report: Biden imposes on Iraq Jordan as a trading partner

2023.02.04 - 09:09
London report: Biden imposes on Iraq Jordan as a trading partner
 

  

Baghdad - Nas  

US President Joe Biden took the initiative to involve Jordan's King Abdullah II in a call with Iraqi Prime Minister Muhammad Shia' al-Sudani about the economic situation in Iraq, in a move observers said was intended to force Jordan to be a trade partner with Iraq, pay attention to its demands and accelerate the implementation of previous agreements between the two countries, according to Al-Arab newspaper, London.  

  

 

  

The newspaper said in a report followed by "NAS" (February 4, 2023), that Washington is seeking to help Jordan alleviate the severity of the economic crisis it is going through, whether through direct American aid or by urging regional partners to help it, as is the case with Iraq, especially in the field of hydrocarbons.  

  

The United States considers Jordan an important strategic partner, given its presence on the borders of Israel and its influential role in moving peace efforts. Syrian lands.  

  

Observers believe that expanding the circle of dealings with Iraq is the last resort for Jordan, especially after the doors of Gulf grants have closed and IMF support is nearing an end, while the economic crisis is intensifying and threatening Arab Spring-like protests inside the Hashemite Kingdom.  

  

Jordan complains that many of the promises made by Gulf countries for assistance have faltered or have not been implemented, and that Oman is now facing exceptional hardship as a result of the decline in remittances from residents in the Gulf after the expansion of job localization and the repercussions of the Corona epidemic.  

  

In addition to that, Saudi Arabia decided to stop adopting the direct aid method that Jordan used to benefit from, and to compensate it with investment projects that do not provide urgent solutions to the Jordan crisis.  

  

It is not believed that the Iraqi prime minister will reject Washington's request to provide urgent support to Jordan, expand the circle of commercial dealings, and implement what was previously agreed upon, especially the extension of the Iraqi oil pipeline to Jordan, known as the Basra-Aqaba pipeline, which is opposed by pro-Iranian parties.  

  

The Americans have a bargaining chip and pressure on Iraq to implement these steps, which is the issue of financial transfers and the price of the dinar. Energy is one of Jordan's biggest concerns due to the high import cost and its impact on the trade deficit and the high prices of commodities in the local market.  

  

Jordan and Iraq agreed last March to continue working on a memorandum of understanding signed between the two sides to import Kirkuk crude oil at a rate of 10,000 barrels per day, to be transferred to the Jordanian oil refinery in Zarqa (east).  

  

Last December, Jordan witnessed demonstrations in several locations inside the country to protest against the government's decision to increase the prices of fuel and basic materials.  

  

The poverty rate in the Hashemite Kingdom increased to 24 percent, an increase of 6 percent from what it was previously, according to estimates that Minister of Planning and International Cooperation Nasser Al-Shuraideh spoke about in August 2021.  

  

On Thursday, Biden hosted King Abdullah II at the White House. During a luncheon, in the presence of Crown Prince Al Hussein, he acknowledged the Kingdom of Jordan's "decisive role as guardian of the Islamic holy places in Jerusalem."  

  

The Jordan News Agency (Petra) said that the US President thanked the Jordanian monarch "for the deep partnership between the two countries, and for his leadership of Jordan as an axis of stability in the Middle East region," stressing "the US's full commitment to supporting the kingdom's stability and economic prosperity to face various regional and global challenges."  

  

The Jordanian government relies mostly on foreign aid, especially American, to secure its annual expenses. Jordan does not have any economic and financial resources, and therefore if external support is cut off, things will deteriorate at home.  

  

During his meeting with the Jordanian monarch last July, the US President announced his country's intention to sign a new memorandum of understanding with Jordan, through which it would provide annual aid to this country of no less than $1.45 billion, during the period between 2023 and 2029.  

  

Over the past years, the United States has provided generous aid to Jordan. It is in Washington's interest to promote stability in the Hashemite Kingdom, which hosts more than 1.3 million Syrian refugees, representing about 15 percent of Jordan's population.  

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Newspaper: Biden imposed Jordan as a trading partner on Iraq

1675495832285.jpg
2023-02-04 02:31
 

 

Shafaq News/ The London-based Al-Arab newspaper reported, on Saturday, that the United States imposed Jordan as a trading partner on Iraq. 

 

And US President Joseph Biden, during his call with Iraqi Prime Minister Muhammad Shia al-Sudani, yesterday, Saturday, involved the Jordanian King Abdullah II, which the newspaper prepared, which led to the conclusion of the central agreement with the US Federal Reserve in exchange for imposing Jordan as a trade partner by forcing the implementation of previous agreements between the two countries. .

 

 

 

In its issue issued today, the newspaper quoted observers as saying that Biden's inclusion of the Jordanian monarch in a call he had with Al-Sudani about the economic situation in Iraq, the aim of which is to impose Jordan as a trade partner with Iraq, pay attention to its demands and accelerate the implementation of previous agreements between the two countries.

 

The newspaper also says that Washington is seeking to help Jordan alleviate the severity of the economic crisis it is going through, whether through direct US aid or by urging regional partners to help it, as is the case with Iraq, especially in the field of fuel.

 

According to the newspaper, the United States considers Jordan an important strategic partner, given its presence on the borders of Israel and its influential role in moving peace efforts. and its allied militias on Syrian soil.

 

The newspaper indicates that Jordan complains that many of the promises made by Gulf countries for assistance have faltered or have not been implemented.

 

Observers believe that expanding the circle of dealings with Iraq is the last resort for Jordan, especially after the doors of Gulf grants have closed and the International Monetary Fund's support is nearing an end, while the economic crisis is intensifying and threatening protests similar to the Arab Spring protests inside the Hashemite Kingdom, according to the newspaper.

 

The newspaper report believes that Jordan is complaining that many of the promises made by Gulf countries to help have faltered or have not been implemented, and that Oman is now facing exceptional hardship as a result of the decline in remittances from residents in the Gulf after the expansion of job localization and the repercussions of the Corona epidemic.

 

In addition, according to the London-based Arabs, Saudi Arabia's decision to stop adopting the direct aid method that Jordan used to benefit from and to compensate it with investment projects that do not provide urgent solutions to the Jordan crisis.

 

Al-Arab newspaper believes that the Iraqi prime minister does not believe that he will refuse Washington's request to provide urgent support to Jordan, expand the circle of commercial dealings, and implement what was previously agreed upon, especially the extension of the Iraqi oil pipeline to Jordan, known as the Basra-Aqaba pipeline, which is opposed by pro-Iranian parties.

 

The Americans have a bargaining chip and pressure on Iraq to implement these steps, according to the newspaper, which is the issue of financial transfers and the price of the dinar. 

 

Energy is one of Jordan's biggest concerns due to the high import cost and its impact on the trade deficit and the high prices of commodities in the local market.

 

Jordan and Iraq agreed last March to continue working on a memorandum of understanding signed between the two sides to import Kirkuk crude oil at a rate of 10,000 barrels per day, to be transported to the Jordanian oil refinery in Zarqa.

 

Last December, Jordan witnessed demonstrations in several locations inside the country to protest against the government's decision to increase the prices of fuel and basic materials.

 

The poverty rate in the Hashemite Kingdom increased to 24 percent, an increase of 6 percent from what it was previously, according to estimates that Minister of Planning and International Cooperation Nasser Al-Shuraideh spoke about in August 2021.

 

On Thursday, Biden hosted King Abdullah II at the White House, and during a luncheon, in the presence of Crown Prince Hussein, he acknowledged the Kingdom of Jordan's "decisive role as guardian of the Islamic holy places in Jerusalem."

 

The Jordan News Agency (Petra) said that the US President thanked the Jordanian monarch for the "deep partnership between the two countries, and for his leadership of Jordan as an axis of stability in the Middle East," stressing "the US's full commitment to supporting the kingdom's stability and economic prosperity to face various regional and global challenges."

 

The Jordanian government relies mostly on foreign aid, especially American, to secure its annual expenses. Jordan does not have any economic and financial resources, and therefore if external support is cut off, things will deteriorate at home.

 

During his meeting with the Jordanian monarch last July, the US President announced his country's intention to sign a new memorandum of understanding with Jordan, through which it would provide annual aid to this country of no less than $1.45 billion, during the period between 2023 and 2029.

 

Over the past years, the United States has provided generous aid to Jordan. It is in Washington's interest to promote stability in the Hashemite Kingdom, which hosts more than 1.3 million Syrian refugees, representing about 15 percent of Jordan's population.

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Baghdad - people  

A political source revealed that the coordination framework will agree to two demands of the United States of America in order to stabilize the exchange rate.  

  

 

  

  

The source said in a statement to "Al-Mada" newspaper, followed by "Nass" (February 5, 2023), that "the coordination framework will agree to limit the factions and extend an oil pipeline from Basra to Aqaba in return for restoring the exchange rate to its previous price."  

  

The source added, "The coordination framework is ready to do anything in exchange for remaining in power. This is the last chance for the frameworks to either continue ruling or lose everything."  

  

And US President Joe Biden took the initiative to involve Jordan’s King Abdullah II in a call with Iraqi Prime Minister Muhammad Shia’a al-Sudani about the economic situation in Iraq, in a move observers said was intended to impose Jordan as a trade partner with Iraq, pay attention to its demands and accelerate the implementation of previous agreements between the two countries, according to Al-Arab newspaper, London.  

  

The newspaper said in a report followed by “NAS” (February 4, 2023), that Washington is seeking to help Jordan alleviate the severity of the economic crisis it is going through, whether through direct American aid or by urging regional partners to help it, as is the case with Iraq, especially in the field of hydrocarbons.    

  

The United States considers Jordan an important strategic partner, given its presence on the borders of Israel and its influential role in moving peace efforts. Syrian lands.    

  

Observers believe that expanding the circle of dealings with Iraq is the last resort for Jordan, especially after the doors of Gulf grants have closed and IMF support is nearing an end, while the economic crisis is intensifying and threatening Arab Spring-like protests inside the Hashemite Kingdom.    

  

Jordan complains that many of the promises made by Gulf countries for assistance have faltered or have not been implemented, and that Oman is now facing exceptional hardship as a result of the decline in remittances from residents in the Gulf after the expansion of job localization and the repercussions of the Corona epidemic.    

  

In addition to that, Saudi Arabia decided to stop adopting the direct aid method that Jordan used to benefit from, and to compensate it with investment projects that do not provide urgent solutions to the Jordan crisis.    

  

It is not believed that the Iraqi prime minister will reject Washington's request to provide urgent support to Jordan, expand the circle of commercial dealings, and implement what was previously agreed upon, especially the extension of the Iraqi oil pipeline to Jordan, known as the Basra-Aqaba pipeline, which is opposed by pro-Iranian parties.    

  

The Americans have a bargaining chip and pressure on Iraq to implement these steps, which is the issue of financial transfers and the price of the dinar. Energy is one of Jordan's biggest concerns due to the high import cost and its impact on the trade deficit and the high prices of commodities in the local market.    

  

Jordan and Iraq agreed last March to continue working on a memorandum of understanding signed between the two sides to import Kirkuk crude oil at a rate of 10,000 barrels per day, to be transferred to the Jordanian oil refinery in Zarqa (east).    

  

Last December, Jordan witnessed demonstrations in several locations inside the country to protest against the government's decision to increase the prices of fuel and basic materials.    

  

The poverty rate in the Hashemite Kingdom increased to 24 percent, an increase of 6 percent from what it was previously, according to estimates that Minister of Planning and International Cooperation Nasser Al-Shuraideh spoke about in August 2021.    

  

On Thursday, Biden hosted King Abdullah II at the White House. During a luncheon, in the presence of Crown Prince Al Hussein, he acknowledged the Kingdom of Jordan's "decisive role as guardian of the Islamic holy places in Jerusalem."    

  

The Jordan News Agency (Petra) said that the US President thanked the Jordanian monarch "for the deep partnership between the two countries, and for his leadership of Jordan as an axis of stability in the Middle East region," stressing "the US's full commitment to supporting the kingdom's stability and economic prosperity to face various regional and global challenges."    

  

The Jordanian government relies mostly on foreign aid, especially American, to secure its annual expenses. Jordan does not have any economic and financial resources, and therefore if external support is cut off, things will deteriorate at home.    

  

During his meeting with the Jordanian monarch last July, the US President announced his country's intention to sign a new memorandum of understanding with Jordan, through which it would provide annual aid to this country of no less than $1.45 billion, during the period between 2023 and 2029.    

  

Over the past years, the United States has provided generous aid to Jordan. It is in Washington's interest to promote stability in the Hashemite Kingdom, which hosts more than 1.3 million Syrian refugees, representing about 15 percent of Jordan's population.    

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Sheikh Khazali: The steps of Al-Sudani and the Central Bank resulted in a clear breakthrough in the dollar crisis
  
{Politics: Al-Furat News} Sheikh Qais Al-Khazali confirmed today, Sunday, that the Iraqi dinar will regain its value thanks to the Prime Minister's measures with the administration of the Central Bank.

Al-Khazali said in a tweet on Twitter, "We salute the legal procedures and organizational steps taken by the Prime Minister in coordination with the new administration of the Central Bank, which produced an official, unified Iraqi position that is compatible with the requirements of the current stage, and resulted in a clear breakthrough in the crisis of the dollar's high exchange rate and its high cost." living conditions suffered by the Iraqis during the last period.”

He added, "The financial abundance and constructive government steps on the economic and commercial levels will have a clear impact on our dear Iraqi people, and the Iraqi dinar will regain its natural value during the coming period, with God's help and the solidarity of honorable Iraqis with their national government." 

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The coordination framework meets in the presence of Al-Sudani to discuss two "important" files

1675604963822.jpeg
2023-02-05 08:49
 

 

Shafaq News/ The coordination framework formed by the Iraqi government will hold a meeting this evening, Sunday, during which it will discuss two "important" files, according to an informed political source.

The source told Shafaq News agency, "The meeting will be attended by Prime Minister Muhammad Shia'a al-Sudani, to discuss the files of the general budget law for the year 2023 and the parliamentary and local elections law."

 

 

 

The coordinating framework constantly holds meetings for its leaders, attended by Prime Minister Muhammad Shia al-Sudani, to discuss developments in the country on the political, security and economic levels.

And last Tuesday, Prime Minister Muhammad Shia al-Sudani said that he "desires a budget that is compatible with the government program and is not like the previous budgets that were approved," adding, "It is not reasonable to put forward a program, priorities, and the budget in another valley."

He pointed out, "All the previous mistakes were the budget's incompatibility with government programmes," noting that "there are clear projects within the priorities set within the general budget."

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Qais Al-Khazali: The steps of the Prime Minister and the Central Bank resulted in a clear détente in the dollar crisis

1031188-bbca3be4-ddaa-4904-80fe-607e57dd
Najaf (Nina) - Asaib Ahl al-Haq Secretary-General Qais al-Khazali praised the steps of the prime minister and the central bank, noting that they "resulted in a clear breakthrough in the dollar crisis."
Al-Khazali said in a tweet in this regard, "We salute the legal procedures and regulatory steps taken by the Prime Minister in coordination with the new administration of the Central Bank, which produced an unified official Iraqi position compatible with the requirements of the current stage and resulted in a clear breakthrough in the crisis of the rise in the dollar exchange rate and causing the high cost of living suffered by Iraqis during the last

period. Al-Khazali added, "The financial abundance and constructive government economic steps at the and Commercial levels will have a clear impact on our dear Iraqi people, and the Iraqi dinar will restore its natural value during the coming period, with God's help, and the solidarity of honest Iraqis with their national government."

 
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Frame: Sudanese is moving non-stop and the solution to the dollar crisis is very close - urgent

| Policy Today, 17:39 | 

    
1675605037.jpg
 

 

Baghdad Today - Baghdad

The coordination framework confirmed on Sunday that the solution to the crisis of the rise in the dollar in the local market will be very soon, pointing out that the Sudanese is moving non-stop.

The leader in the framework, Ali Fatlawi, told (Baghdad Today) that "Prime Minister Mohammed Shia Sudanese is moving non-stop and is determined to solve the crisis of the rise in the dollar in the local market," noting that "there are new government decisions and measures expected in order to solve this crisis as soon as possible."

Fatlawi pointed out that "the solution to the crisis of the rise of the dollar in the local market will be very soon, with the determination and determination of the government to find solutions, contribute to strengthening the Iraqi dinar against the dollar," noting that "the Sudanese is determined to cut off all currency smuggling routes."

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Al-Khazali: The steps of the Sudanese and the Central Bank resulted in a clear breakthrough in the dollar crisis

| Policy Today, 12:12 | 

    
psdp76qw_400x400.jpg
 

 

Baghdad Today - Baghdad

The Secretary-General of the Asaib Ahl al-Haq movement, Qais al-Khazali, said on Sunday that the steps of the Prime Minister and the Central Bank resulted in a clear breakthrough in the dollar crisis, while pointing out that the Iraqi dinar will restore its normal value during the coming period.

Al-Khazali said in a tweet followed by (Baghdad Today): "We salute the legal procedures and organizational steps taken by the Prime Minister in coordination with the new administration of the Central Bank, which produced a unified official Iraqi position compatible with the requirements of the current stage, and resulted in a clear breakthrough in the crisis of the rise in the dollar exchange rate and caused by the high cost of living suffered by Iraqis during the last period."

"The financial abundance and constructive government steps at the economic and commercial levels will have a clear impact on our dear Iraqi people," al-Khazali said.

He pointed out that "the Iraqi dinar will restore its natural value during the coming period, with God's help and the solidarity of honest Iraqis with their national government."

Since November 2022, the exchange rate of the US dollar against the Iraqi dinar has been witnessing a gradual rise to reach its highest level in recent days, as it exceeded the barrier of 170,100 dinars per <> dollars.

Edited by: A.G.

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Frame: The Sudanese is moving non-stop and the solution to the dollar crisis is very close - urgent

 

policy |Today, 17:39 |

    
1675605037.jpg
 
 

 

Baghdad today - Baghdad

Today, Sunday, the coordination framework confirmed that the solution to the crisis of the rise of the dollar in the local market will be very soon, indicating that the Sudanese is moving non-stop.

The leader in the framework, Ali al-Fatlawi, told (Baghdad Today) that "Prime Minister Muhammad Shia'a al-Sudani is moving non-stop and is determined to solve the crisis of the dollar's rise in the local market," noting that "there are new government decisions and procedures expected to solve this crisis quickly." possible".

Al-Fatlawi said, "The solution to the crisis of the dollar's rise in the local market will be very close, with the government's persistence and determination to find solutions that contribute to strengthening the Iraqi dinar against the dollar," noting that "the Sudanese is determined to cut off all routes of currency smuggling."

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Report.. Coordination Framework Under Popular Pressure Due To Rising Dollar

On Feb 5, 2023
 

Report.. The coordination framework is under popular pressure due to the rise in the dollar | Independent Press Agency (mustaqila-com.translate.goog)

 

The coordination framework groups whose militias and affiliated banks lead the smuggling of dollars to Iran are facing an unprecedented situation, between Iranian pressure urging them to continue these operations to support Iran's steadfastness, and protests by Iraqis suffering from high prices due to the depreciation of their currency against the dollar.

Observers say that some of the leaders of the framework that met with Prime Minister Mohammed Shia al-Sudani on Saturday blamed him for providing hasty responses to US pressure, which demanded that Iraq control "currency auctions" organized by the Central Bank of Iraq to curb smuggling.

But al-Sudanese responded to these leaders by saying that the crisis could explode further if it ends up tightening restrictions imposed by the Federal Reserve on dollar transfers to Iraq, or even starting a series of sanctions on banks that are active in smuggling fields.

The Central Bank of Iraqhas been organizing auctions to sell dollars ranging from $100 million to $300 million a day. Al-Sudani himself revealed that this money was sent abroad based on fake invoices to buy goods for tens of times the price.

The meeting held by representatives of the Central Bank of Iraq with representatives of the Federal Reserve in Istanbul on Friday ended until the Iraqi bank issued a new regulation of controls for transfers, obliging banks to submit auditable statements about why they need the dollar and where they go.

While the meeting focused on the fact that the Federal Reserve is ready to “show flexibility as long as the Iraqi Bank adheres to common goals,” those goals mean combating smuggling and money laundering exclusively.

According to the statement issued by the White House on the phone conversations between President Joe Biden and Al-Sudani last Friday, they dealt with “the prime minister’s economic agenda and his plans to ensure that he serves the Iraqi economy and the Iraqi people, which are plans that the United States has expressed that it is ready to fully support.”

The focus on “serving the Iraqi economy and the Iraqi people” is a clear indication that Iraq’s money should not be in the service of another party.

The “facilitation” package announced by the Central Bank provided dollars at the announced official price (1450 dinars to the dollar) for a list of legitimate purposes, for individuals, government companies and foreign companies operating in Iraq.

However, the bank's procedures obligated everyone to fill out a digital form for each dollar transfer, including specifying the transfer authority, its reasons, and documents proving its authenticity. The Federal Reserve also created an electronic platform within the central bank to monitor transfers and audit import invoices.

 

Although about 20 “private” banks complied with the platform’s conditions, dozens of other banks took the other path, which is to buy dollars from merchants and individual dealers by paying larger amounts in exchange for the dollar. This led to an increase in its price, and the return of the Iraqi dinar to a decline until it exceeded the amount of 1750 dinars to the dollar, that is, a difference of about 300 dinars from the official price.

The criticisms of the Sudanese Coordination Framework groups focused on the fact that it did not adhere to the demand to postpone compliance with the US controls “until the local apparatus and expertise are available to deal with it.”

Although the former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, called for the postponement, the Federal Reserve insisted on the immediate implementation after the expiry of the qualification period that was previously agreed upon. This was one of the reasons that prompted the appointment of Ali Mohsen Al-Alaq, who is close to Nuri al-Maliki, leader of the State of Law, as governor of the bank.

The dilemma is embodied in the fact that the coordination framework groups concerned with smuggling dollars into Iran, which demanded the continuation of its flow to it “by land and air” in an official statement, will be forced, in light of the new restrictions, to absorb dollars from free markets, which leads to a further decline in the price of the dinar and fueling protests against it and against Sudanese government.

One of the exits before it is to return to the way that prevailed during the era of the Maliki government between 2006 and 2014, which is contracting for the implementation of fake government projects implemented by companies affiliated with the Iranian Revolutionary Guard, and transferring funds through them to Iran.

This way allowed the smuggling of a large part of the $400 billion that was said, after the end of that government's term, to have disappeared from government accounts. Subsequently, private banks replaced this method to perform the same task through the dollar sale window opened by the Central Bank.

Observers say that President Biden's reference during his phone conversation with Al-Sudani to "Washington's commitment to the strategic framework agreement signed with Iraq in 2008" meant adhering to the fact that all of Iraq's oil revenues remain subject to the supervision of the US Federal Reserve.

And while Iraq can receive daily cash transfers to meet its domestic needs, all of its other financial dealings are done through the Federal Reserve.

The daily “auctions” organized by the Central Bank of Iraq constitute the widest loophole through which smuggling operations take place, especially since they include amounts far in excess of Iraq’s actual import need.

And in the event that the framework groups stick to smuggling the dollar to Iran, whether by buying it from the auction window or by buying it from the markets, the result remains the same, which is a decline in the dinar, an increase in prices, and an increase in the already high rates of poverty and unemployment. This provides new fuel for the outbreak of protests that will bring Iraq back to the square of the October uprising that led to the fall of the government of Adel Abdul-Mahdi in December 2019.

More importantly, this crisis will frustrate the Sudanese government's plans to buy off the street by providing services and setting up projects. As soon as the coordination framework groups return to the previous means of smuggling, these services and projects will turn into illusions, and billions will return to “disappear” from government accounts.

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In the presence of the Sudanese. Coordination Framework Holds Meeting at Abadi's House

| Policy Today, 21:15 | 

In the presence of the Sudanese. Coordination framework holds a meeting at Abadi's house » Baghdad Today News Agency

 f1ea0f45-ee84-477a-b8df-a6fe5b66bf64.jpg

 

Baghdad Today-Baghdad

On Sunday, the coordination framework held a meeting in the presence of Prime Minister Mohammed Shia al-Sudani.

A source told "Baghdad Today" that the coordination framework held its meeting at the house of the leader of the Victory Coalition, Haider al-Abadi, in the presence of Prime Minister Mohammed Shia al-Sudani.

The meeting comes ahead of the arrival of the Russian Foreign Minister in Baghdad, and the Iraqi delegation to Washington days later, in light of government moves to adapt to the new procedures of the US Federal Reserve in terms of tightening procedures and controlling the movement of selling dollars and foreign remittances.

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