Mawazine News – Baghdad Political sources reported, on Monday, the end of the political security meeting between America and Iraq within the Green Zone to discuss the foreign presence in Iraq.
According to the sources to Al-Mawazin News, “the meeting in which the Ministry of Foreign Affairs and the leaders of joint operations from the side of Iraq, the US Embassy and representatives of the international coalition ended a little while ago.”
“The official statement on the details of the meeting may not be made public in detail due to the critical political position of the government on the foreign presence,” she added. She pointed out that “the amendment of the Sufi agreement known as the framework was the most prominent of what was put forward as well as the details of the military presence of the international coalition and military cooperation.”
The law of one price...states that the price of an identical asset or commodity will have the same price globally, regardless of location...The law of one price takes into account a frictionless market, where there are no transaction costs, transportation costs, or legal restrictions, the currency exchange rates are the same, and that there is no price manipulation by buyers or sellers.
The law of one price exists because differences between asset prices in different locations would eventually be eliminated due to the arbitrage...The arbitrage opportunity would be achieved whereby a trader would purchase the asset in the market it is available at a lower price and then sell it in the market where it is available at a higher price. Over time, market equilibrium forces would align the prices of the asset. This should clear up the misconception of getting a better rate at a bank versus a redemption center, etc.... The rate will be the rate, no matter where, due to the law of One Price.
There's evidence the project to delete the zeros off the exchange rate is underway or is still on the table. It exists and that's because of who said it. We know Al-Alaq has said it and it's been referenced to one of his financial advisors...Saleh.
What I like about the Iraqi dinar...is there's progress and there's been progress...The bottom line is ever since Al-Sudani has taken the helm...things have progressed immensely.
Article quote: " The World Bank praises electronic payment systems in Iraq the best in the region."
So they're praising Iraq as being the best in the region... Article quote: "The infrastructure of the electronic payday system and software systems in Iraq is among the best systems in the region according to the Iraqi central bank"
Baghdad – 964 The Iraqi economic expert, Manar Al-Obaidi, asked a group of questions about the file of American sanctions imposed on a large number of Iraqi banks, indicating that Baghdad is not the only one that deals with Iranian trade, but rather the UAE and Malaysia do so, as do some British banks and other economic bodies, and he suggested that Iraq attract Foreign advisors to participate in negotiations with Washington on a matter whose consequences appear to be significant.
America’s sanctions on Iraqi banks are based on “suspicion” and we need the Ministry of Foreign Affairs…a banking expert Manar Al-Obaidi, in an interview with journalist Ahmed Al-Tayeb, followed by Network 964 : There is always a question to be asked, why does the United States place sanctions on Iraqi banks? In fact, if we look at the surroundings of Iraq and neighboring countries, we find that many of them do not adhere to the sanctions.
The best evidence of this is the volume of trade exchange between Iran and the UAE, which amounts to $17 billion. Iranian oil is also sold to Malaysia and then transported to China, amounting to $29 billion.
Two days ago, a report was issued by the famous Financial Times newspaper, talking about two British banks facilitating money transfers to Iran, so the world is not completely controlled, and Iraq is not the only one not in compliance.
There is a gap in the political dealings with the American side. The Americans do not know the nature of the relationship with Iraq. Sometimes they say that they are with us, and at other times they are against us.
Today, any country in the world has economic relations with Iran, but why does the American side not impose sanctions on these countries, simply because these countries have lobbies led by businessmen under the principle of common interests, so I think that the problem with Iraq is the lack of a body that conveys the Iraqi point of view away from… The government side. If we look at the channels of communication between the Iraqi and American sides, the only channel is the official bodies.
I am not with the idea that there are no sound Iraqi banks. Certainly there are sound banks, just as there are banks that do not deserve to be called banks. But the problem with the banks in general is that they did not bring in foreign advisors capable of sitting with the US Federal Reserve and the US Treasury to understand the quality of the sanctions. imposed, and in fact there are banks that do not yet know why they were punished.
The impact of the sanctions did not stop on the sanctioned banks themselves. Rather, even the non-sanctioned banks no longer know what measures they are supposed to take to protect themselves from the sanctions. Here we must not just throw the ball in the government’s court, but rather the banking sector must create a team of foreign advisors that It has relationships with the Treasury and the Fed, going beyond the idea of government communication.
Shafaq News / A joint “accounting” delegation from two ministries and the Office of Financial Supervision in the Kurdistan Regional Government arrived on Sunday in the federal capital Baghdad.
The Ministry of Finance and Economy in the regional government said, in a statement received by Shafaq News, that “a technical delegation from the Kurdistan Regional Government consisting of the Ministry of Finance and Economy, the Ministry of Natural Resources and the Office of Financial Control of the Kurdistan Region arrived in Baghdad.”