Disclosure of the “undeclared” goal of the Sudanese visit to France

Disclosure of the “undeclared” goal of the Sudanese visit to France

2023-01-26 04:00

Disclosure of the undeclared goal of the Sudanese visit to FranceShafaq News/ Well-informed Iraqi political sources revealed, today, Thursday, an undeclared goal for Prime Minister Muhammad Shia’a al-Sudani’s visit to France.

The sources told Shafaq News agency, “The visit to France also aims to request mediation by Paris between Iraq and the United States of America, on the issue of the dollar crisis, which has begun to greatly worry Al-Sudani and his government, and raises the fears of the coordination framework that this crisis may quickly topple the government.” .

The government measures taken by Prime Minister Muhammad Shia al-Sudani did not succeed in stopping the huge rise in the exchange rate of the dollar, as Iraqi stock exchanges still recorded more than 161 thousand dinars compared to $100.

And the capital, Baghdad, witnessed demonstrations yesterday, Wednesday, to protest against the exchange rates.

The sources added, “Prime Minister Mohamed Shiaa al-Sudani will ask French President Emmanuel Macron to mediate with the US administration in order to set a date for a close visit by al-Sudani to Washington to discuss the dollar crisis and US restrictions on foreign transfers. Until now, the United States of America has not sent any invitation to al-Sudani to visit Washington.” .

Today, Thursday, the Iraqi prime minister went to the French capital, Paris, at the official invitation of French President Emmanuel Macron.

“The Iraqi government will seek to activate the agreements concluded between the two countries, especially in the transport, energy and investment sectors,” Al-Sudani said, during written responses to questions by Agence France-Presse.

The US ambassador to Iraq, Alina Romanowski, says that the United States does not set the exchange rate for the dollar and has not imposed sanctions on new Iraqi banks.

Romanowski said in a televised interview that Washington “continues a mechanism that took several years to strengthen the Iraqi banking sector to help it comply with the global banking system, and to ensure that the banking system is not used to launder the Iraqi people’s money and smuggle it out of Iraq.”

And the Iraqi currency lost about 10 percent of its value, after procedures related to imposing compliance rules on the Iraqi Central Bank’s dealings with currency dealers in relation to the US dollar.

Under the new procedures, Iraqi banks are required to submit dollar transfers on a new online platform with the Central Bank of Iraq, which are then reviewed by the Federal Reserve Bank.

US officials say the system aims to limit the use of the Iraqi banking system to smuggle dollars to Tehran, Damascus and money laundering havens across the Middle East.