An economist confirms the possibility of Iraq avoiding falling into the trap of the American treasury, 18 SEPT

 An economist confirms the possibility of Iraq avoiding falling into the trap of the American treasury

9-17-2023

An economist confirms the possibility of Iraq avoiding falling into the trap of the American treasuryInformation / Baghdad…

Economic affairs researcher Hisham Al-Baydani confirmed on Sunday the possibility of taking steps by the Iraqi government in order to avoid banks falling into the trap of the US Treasury, especially with regard to the sanctions it imposes from time to time on some banks.

Al-Baydani told Al-Maalouma, “Iraq has reserves of more than 100 billion dollars in the United States of America, and this matter necessitates the government to strengthen the country’s sovereignty over private banks, which number more than 70 private banks.”

He added, “The government’s measures could block the way for America to impose any new sanctions, after it had previously imposed sanctions on 14 banks that caused a scarcity of dollar supply in the local market, which still deals with financial liquidity in ways that are far from modern.”

He pointed out the importance of the Central Bank imposing binding conditions for the development of banking work, in order to avoid any imposition of American guardianship through money laundering accusations.

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