Monday, August 5, 2024
The US Treasury Imposes Control Over The Central Bank Of Iraq To Combat Money Laundering, 5 AUGUST
August 3, 2024 Al-Independent/- Three informed sources close to political and parliamentary decision-making in Baghdad revealed extremely dangerous information confirming that the US Treasury Department has taken a permanent headquarters in the building of the Central Bank of Iraq.
They believe that this step came as a result of great pressure on the Iraqi banking system with the aim of reducing money laundering and dollar smuggling operations, as the
governor of the Central Bank was forced to allocate an entire floor to the US Treasury departments to monitor money transfer operations and prevent any illegal activities.
Iraqi banking sector is suffering from increasing pressure exerted by the US Treasury to prevent the smuggling of dollars to countries such as Iran, Russia and Syria, which face economic sanctions. One source explained that the Governor of the
Central Bank of Iraq tried to resist these restrictions,
but the American response was strict, as the
Central Bank of Iraq was included among the institutions considered supportive of money laundering operations and non-compliance with sanctions.
In previous reports, it was revealed that the severe sanctions imposed by the US Treasury on several Iraqi banks, on charges of involvement in money laundering and dollar smuggling operations.
The policy of the Central Bank of Iraq is characterized by randomness and the absence of a clear strategic plan to protect Iraqi funds from smuggling, which
prompted the US Treasury Department to impose strict and direct supervision on the Central Bank and Iraqi banks.
Iraqi banks are currently subject to careful evaluations under the supervision of the US Department of the Treasury, which includes monitoring all banking operations and money transfers.
This situation reflects the great challenges facing the Iraqi banking system in light of persistent attempts to reform it and improve its image before the international community.
On the other hand, Prime Minister Muhammad Shiaa Al-Sudani repeatedly sought to ease these measures, trying to reach understandings with the American side.
But there is strong resistance from Washington, which insists on correcting the course of the economic process and reforming the banking system in Iraq.
In a broader context, the current situation reflects the complexity of the relationship between Iraq and the United States in the financial and banking field.
As Iraq seeks to preserve its sovereignty and independence of its banking system, the
United States continues to exert pressure to ensure that the Iraqi banking system is not used to finance illicit activities.
LATEST FROM ARIEL, 5 AUGUST
Ariel
I told my followers that this was coming. This has to happen because everything is based on artificial value in a very inflated market. We are watching a transfer of wealth for the ages. And this will never happen again.
The last crash.
The last election.
The last president.
I’ve been saying this for years. It was a crash that got you into this mess. It is a crash that will get you out.
As of the latest analysis, Bitcoin’s price is experiencing some volatility, with a noted decline of about 4% over the past 24 hours (CoinCodex).
Analysts have projected that Bitcoin could potentially drop to around $51,500 if the downward trend continues, which would represent a further decrease from current levels. This would equate to a possible overall drop of approximately 12% from recent highs.
Parliamentary Committee Announces Return of Oil and Gas Law to Government, 5 AUGUST
Al-Maalouma / Baghdad ..
The Parliamentary Oil, Gas and Natural Resources Committee announced today, Monday, the return of the draft oil and gas law to the government.
Committee member, Ala Al-Nashi, told /Al-Maalouma/ agency, “The oil and gas law is currently outside the halls of the House of Representatives after it was returned to the government.”
She added, “The government is studying the law in detail to identify the points of contention and agree on them finally.”
Al-Nashi indicated that “the political differences over the oil and gas law still exist and that is why it was not voted on in the House of Representatives.”
The Kurdish parties continue to obstruct the government in approving the oil and gas law, which has become a must to vote on in the halls of parliament, in order to end the violations and thefts that the Kurdistan Regional Government is pursuing in the oil smuggling file.
almaalomah.me
LATEST FROM JON DOWLING, 5 AUGUST
JON DOWLING
Folks, this is nothing more than a mere correction. Enjoy the dips on the cryptos and buy the dips while you can! This is for our benefit.
Iraq is pushing forward the oil and gas law into parliament while the world is distracted by the perception of WWIII which will NOT happen!
Our team told you long ago when the HCL law was happening, war would break out in the Middle East. And right on schedule it’s happening. They won’t be able to stop it this time. God is on control and he’s decreed it’s our time! See things with spiritual eyes, NOT physical eyes.
@JonDowling
LATEST FROM JON DOWLING, 3 AUGUST
https://dinarevaluation.blogspot.com/2024/08/latest-from-jon-dowling-3-august.html
LATEST FROM JON DOWLING, 1 AUGUST'
https://dinarevaluation.blogspot.com/2024/08/latest-from-jon-dowling-1-august.html
RV UPDATE BY JON DOWLING, 30 JULY
https://dinarevaluation.blogspot.com/2024/07/rv-update-by-jon-dowling-30-july.html