Al-Kadhimi Denies The Intention To Print A New Currency And Accuses The US Federal Reserve Of The Dollar Crisis, 17 OCT

 Al-Kadhimi Denies The Intention To Print A New Currency And Accuses The US Federal Reserve Of The Dollar Crisis

Politics   10/17/2023 09:48  Number of readings: 153   Baghdad - Iraq today:  The Parliamentary Finance Committee denied the government's intention to print a new local currency, while revealing the influence exerted by the US Federal Bank on the continuation of the dollar crisis.

Committee member Moeen Al-Kazemi said in a press statement, “Talk about the federal government intending to print a new local process has no truth at all, and the Iraqi dinar has a cover and bonds of approximately 150 billion dollars.”

Al-Kadhimi added, “Addressing the discrepancy in the dollar exchange rate does not happen by printing a new currency, but rather through thoughtful steps that should be implemented by all concerned parties.”

He pointed out, "The Central Bank covers the needs of merchants at the official price of 132 thousand dinars for every 100 dollars, and the reason for the disparity is the black market." He stated, "The influences exercised by the US Federal Bank to maintain this crisis for political purposes in Iraq." LINK