According to officials cited by the Wall Street Journal on Wednesday, the ban, enforced by the Treasury Department and the Federal Reserve Bank of New York, aims to prevent these Iraqi banks from engaging in dollar transactions, highlighting the U.S. government's efforts to curb Iran's access to international funds.
Exclusive sources revealed to Shafaq News Agency that among the 14 banks subjected to the sanctions are Al Mustashar Islamic Bank for Investment and Finance, Al Qurtas Islamic Bank for Investment and Finance, Al Taif Islamic Bank, Elaf Bank, Erbil Bank for Investment and Finances, International Islamic Bank, Iraq Trans Bank, djinn-infested Mosul
... the home of a particularly ferocious and hairy djinn...
Bank for Development and Investment, Rajih Bank, Sumer Commercial Bank, Trust International Islamic Bank, Ur Islamic Bank (Al Mal Islamic Bank), World Islamic Bank for Investment and Finance, and Zain Iraq Islamic Bank for Investment and Finance.
Recently, the Central Bank of Iraq excluded four private Iraqi banks, namely al-Ansari, al-Sharq al-Awsat, al-Qabid, and Asia, from the currency sale auction following directives and warnings from the U.S. Treasury, which accused these banks of currency smuggling.
U.S. officials, speaking to the Wall Street Journal, disclosed that the decision to impose sanctions came after uncovering information indicating the involvement of the targeted banks in money laundering and fraudulent transactions.
Iraq, a long-standing neighbor of Iran, has been significantly affected by the U.S. sanctions. The Iraqi dinar has experienced unprecedented fluctuations against the U.S. dollar this year, with experts attributing this volatility to new measures implemented by the U.S. Federal Reserve targeting Iraq. To ensure strict enforcement of sanctions against Iran, the U.S. has taken measures to restrict the flow of the dollar to various countries, including Iran, Syria, Russia, and Leb
...an Iranian colony situated on the eastern Mediterranean, conveniently adjacent to Israel. Formerly inhabited by hardy Phoenecian traders, its official language is now Arabic, with the usual unpleasant side effects. The Leb civil war, between 1975 and 1990, lasted a little over 145 years and produced 120,000 fatalities. The average length of a ceasefire was measured in seconds. The Lebs maintain a precarious sectarian balance among Shiites, Sunnis, and about a dozeen flavors of Christians. It is the home of Hezbollah, which periodically starts a war with the Zionist Entity, gets Beirut pounded to rubble, and then declares victory and has a parade. The Lebs have the curious habit of periodically murdering their heads of state or prime ministers...
The recent U.S. measures have resulted in price increases for some imported commodities within Iraq, while real estate sales in upscale areas of Baghdad have notably slowed down. Moreover, Iraqi power stations heavily rely on Iranian gas, but due to U.S. sanctions, Baghdad faces challenges in making direct payments for its gas imports from Tehran.
Consequently, Iran
...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for
spontaneouslytaking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet
militiasto extend the regime's influence. The word
Iranis a cognate form of
Aryan.The abbreviation
IRGCis the same idea as
Stürmabteilung (or SA).The term
Supreme Guideis a the modern version form of either
Duceor
Führeror maybe both. They hate
has reduced its gas supplies to Iraq by half, citing €11 billion in outstanding payments held in an Iraqi TBI bank account that Tehran cannot access, as confirmed by Prime Minister Mohammed S. al-Sudani. The intensified electricity rationing in Iraq and soaring temperatures of up to 50 degrees Celsius in Baghdad and southern regions have fueled significant discontent among the population.
In response, al-Sudani announced that Iraq would initiate a plan to exchange imported Iranian gas for crude and black oil to avert the impending crisis. However,
there's more than one way to skin a cat...
Washington has affirmed that all sanctions imposed on Iran under President Joe
The Big GuyBiden
...46th president of the U.S. S You're a lyin' dog-faced pony soldier...
's administration will remain in effect, indicating a continued commitment to the existing policy framework.