Judges and security leaders meet to address the "manipulation" of the value of the dinar and to prosecute those involved
On Monday, Iraqi judges and security leaders held a meeting at the headquarters of the Supreme Judicial Council to put in place mechanisms to deal with "manipulating" the value of the Iraqi dinar and prosecute those involved.
A statement of the Supreme Judicial Council received by Shafaq News agency stated, "The meeting included the head of the Public Prosecution Service, the head of the Judicial Supervision Authority, the senior investigative judges of the second and third Karkh Investigation Courts, and the Rusafa Investigation Court, which is specialized in cases of integrity and economic crime, in addition to the head of the National Security Agency and an undersecretary. Minister of the Interior for Intelligence Affairs.
During the meeting, they discussed the best ways and mechanisms to address the phenomenon of manipulation of the value of the Iraqi dinar against the dollar, in a way that ensures limiting it and prosecuting those involved in it in accordance with the laws in force, according to the statement.
Today, Monday, the Supreme Judicial Council announced the arrest of suspects carrying out suspicious banking activities.
He pointed out that "the defendants admitted that they had taken companies to do business as a cover to smuggle currency out of Iraq, and these companies were raided in separate areas of Baghdad, and sums of money estimated at fifteen million dollars were seized and deposited with the central bank after the Anti-Money Laundering Office submitted its reports that included the existence of Suspicions of money laundering by monopolizing the dollar currency in this way. link
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Iraq and Kuwait seek to solve contested border issue
- Iraqi officials have previously expressed a readiness to recognize Kuwait’s land border, the maritime border remains a point of contention
- Baghdad insists that the delineation should provide it unhindered access to Gulf waters
The de facto land and maritime borders between the neighboring states were established by the United Nations in 1993, three years after Iraq under Saddam Hussein invaded Kuwait.
While Iraqi officials have previously expressed a readiness to recognize Kuwait’s land border, the maritime border remains a point of contention.
Baghdad insists that the delineation should provide it unhindered access to Gulf waters, a lifeline for its economy and oil exports.
Because of the long-standing dispute, Kuwaiti coast guards regularly detain Iraqi fishermen and seize their vessels for entering Kuwaiti territorial waters “illegally.”
After meeting his Kuwaiti counterpart Salem Al-Sabah in Baghdad on Sunday, Iraqi Foreign Minister Fuad Hussein said that during their talks “the emphasis was placed on resolving the border issues.”
He told reporters the border talks would “continue through various technical committees.”
Baghdad will host a meeting of a legal committee relating to the talks on August 14.
Sabah said there was “complete consensus” between Kuwait and Iraq to “resolve outstanding problems between the two countries, particularly the demarcation of maritime boundaries.”
Iraq’s government under Prime Minister Mohamed Shia Al-Sudani is seeking closer ties with Arab Gulf monarchies, aiming to strengthen regional economic cooperation and counter the flow of narcotics.
In 2021, Baghdad made the final payment of war reparations totalling more than $52 billion to its neighbor.
Saddam’s forces entered oil-rich Kuwait in August 1990 and annexed it before being driven out seven months later by an international coalition led by the United States.
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