Last Thursday, Alina Romansky, the US ambassador to Baghdad, explained the purpose of her recent visit with Iraqi politicians. She stated that the United States is prepared to assist Baghdad in resolving water-related issues with upstream countries. Furthermore, she emphasized that Iraq’s implementation of a legitimate banking system will ensure the stability of the dollar’s exchange rates.
During an interview with journalist Saif Ali, Romansky mentioned the following:
I had a wonderful summer vacation in America and afterward returned to Washington to prepare for important meetings on August 7th and 8th. These meetings were beneficial for the defense ministries of the two countries. Once they were over, I returned to Baghdad and felt it was important to meet with Iraqi political leaders. I wanted to catch up on what had happened during the five weeks I was away and follow up on matters with the Prime Minister.
As a responsible assistant, we will keep track of the provincial council elections and their fairness, along with the Kurdistan Parliament elections, followed by parliamentary elections. These events are indicative of a robust democracy.
There are various factors that contribute to the fluctuation of the dollar against the dinar. These factors include the existence of an alternative financial system and the presence of smugglers and money launderers, which ultimately result in an increase in the value of the dollar.
The restoration of a legitimate banking system can lead to a stable exchange rate.
I believe there may be some confusion regarding the 14 banks. While no sanctions have been imposed on them, they are currently prohibited from conducting transactions in US dollars.
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