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Iraq asks America to forgive some Iranian sanctions DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Iraq asks America to forgive some Iranian sanctions

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Iraq asks America to forgive some Iranian sanctions Empty Iraq asks America to forgive some Iranian sanctions

Post by RamblerNash on Tue Aug 21, 2018 9:57 am

Iraq asks America to forgive some Iranian sanctions

Iraq asks America to forgive some Iranian sanctions 2018-08-21T084046Z_1_LYNXNPEE7K0II_RTROPTP_3_IRAN-NUCLEAR-IRAQ

Twilight News

one hour ago

Iraqi officials and central bank officials said Baghdad would ask Washington to allow some US sanctions to be ignored on its neighbor Iran.

Iraqi officials fear shortages of key items if Baghdad complies with all sanctions. This can lead to political unrest at a sensitive time.

Iraq imports a wide range of goods from Iran, including food, agricultural products, household appliances, air conditioners and auto parts.

The commodity component of Iranian imports to Iraq was about $ 6 billion for the 12 months ending, or about 15 percent of Iraq's total imports for 2017.

There are also energy contracts between the two countries contributing to a trade volume of $ 12 billion last year.

According to Reuters, officials said they are asking each ministry to list the imports necessary for the economy of Iraq. Those items would constitute a request for exemptions.

US sanctions, which came into effect earlier this month, target Iran's trade in gold and other precious metals, its purchases in US dollars and its auto industry. Other sanctions will come into effect in November.

Prime Minister Haidar al-Abadi said Iraq would be needed after dealing with the dollar with Iran, a key part of the sanctions and one of the most difficult for companies, given energy deals and other large business deals.

This means that Iraqi banks and the government can not pay the Iranian government or Iranian entities in dollars.

A central bank official said the latter had circulated a warning to private banks to abide by the ban on dollar transactions but would allow transactions in euros.


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Iraq asks America to forgive some Iranian sanctions Empty Re: Iraq asks America to forgive some Iranian sanctions

Post by Terbo56 on Tue Aug 21, 2018 11:20 am

What in hell good are sanctions in Iran If they are going to list certain things for EXEMPTIONS? WTF? The whole idea of sanctions are to make a country walk the true and narrow until they realize that they can't ignore the United States rules and laws for their own wrong doing- { As in their nuclear program}What waste of time and actions that is-When the raghead running that country and the people, realize that they can't just do as they please, maybe they will comply with the rules and laws the U.S. stipulates, and what they HAVE to do to get sanctions removed- Looks like 'ol Khomeini and Rohani are in it for the long haul, while their people suffer and go without because of their prime minister's ignorance and stupidity-Just remember what they  { Iran} did back in '78-
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