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Iraq Helping Iran Skirt Sanctions, Report Claims
Voice of America ^ | Aug 19 2012 | Fern Robinson

Posted on 08/19/2012 9:16:15 PM PDT by WilliamIII

A report in Sunday’s New York Times says Iraq has been using a network of financial institutions and oil smuggling operations to help Iran skirt economic sanctions imposed because of its nuclear program.

Last month, U.S. President Barack Obama barred a Baghdad bank, the Elaf Islamic Bank, from any dealings with the American banking system. In a statement, Obama said the bank had “facilitated transactions worth millions of dollars on behalf of Iranian banks that are subject to sanctions for their links to Iran’s illicit proliferation activities.” The newspaper says that despite Obama’s order, Elaf continues to participate in the Iraq Central Bank’s daily auction where commercial banks can sell Iraqi dinars and buy U.S. dollars.

(Excerpt) Read more at voanews.com ...


TOPICS: Extended News; Foreign Affairs; Government
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1 posted on 08/19/2012 9:16:22 PM PDT by WilliamIII
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To: WilliamIII

What is this? I thought obama had won the iraq war.

Oops. ‘Guess he didn’t.


2 posted on 08/19/2012 9:28:18 PM PDT by onedoug
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To: onedoug

Iran won the War


3 posted on 08/19/2012 10:03:53 PM PDT by scooby321 (AMS)
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To: WilliamIII

We should have just croaked Saddam and the first 100 successors behind him and then left the savages to figure it out for themselves. Likewise, we should have laid waste all Taliban-held areas and snuffed 0sama out immediately rather than trusting our “friends” in Pakistan. Moral of the story: If you aren’t Muslim yourself, never trust them. They will turn on you; it is their faith, their politic, and thus their nature.


4 posted on 08/19/2012 10:35:42 PM PDT by Trod Upon (Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
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