Al-Shammari: No US sanctions on Iraq and negotiations with Iran to create a platform for currencies other than the dollar, 31 OCT

 Al-Shammari: No US sanctions on Iraq and negotiations with Iran to create a platform for currencies other than the dollar

Al-Shammari said in a press statement, "In the past, we were astonished at the money laundering operations at the currency auction, and the cries were rising from all political, social, and popular classes because it was a drain on the national economy," noting, "There were major money laundering operations that benefited countries, organizations, and corrupt people."

He added, "The launch of the platform is Iraq's entry into the international financial and economic system. There are no sanctions imposed on Iraq by the US Treasury, but sometimes there is a tightening of standards to deliver potential political messages."

Al-Shammari pointed out that “the previous government did not prepare the requirements for implementing the platform system, and Al-Shammari: 90% of major companies entered the platform after the percentage did not exceed 5%,” noting that “operations against dollar speculators are continuing.”

He continued, "The security services are on alert to pursue dollar speculators," stressing that "basic foodstuffs were not affected by the price of the dollar."

Al-Shammari explained, “The average value of bilateral free trade between Iraq and Iran is approximately $20 million per day if we adopt the annual trade volume of $5.5-6 billion,” noting that “there are negotiations with the Iranian side to create a platform for new currencies other than the dollar to secure intra-trade between the two countries.” ".

He said, "Visa Direct is a new banking service launched by one of the most important digital banks in the country under the supervision of the Central Bank and in cooperation with Visa International. The Central Bank seeks to generalize the experience to the rest of the real banks operating in the country."

He continued by saying that “Visa Direct is a banking service that will provide a banking service to local merchants who transfer small amounts of money outside the country within 30 minutes while sitting at home, and this will help in the collapse of black market prices and the speculation of speculators,” pointing out that “the Visa Direct service is a basic and strategic start.” of the banking and financial system in Iraq.   LINK