Economist: Withdrawing the US Federal Reserve will end the dollar crisis, 9 OCT

 Economist: Withdrawing the US Federal Reserve will end the dollar crisis

10-8-2023

Economist - Withdrawing the US Federal Reserve will end the dollar crisisInformation/Baghdad..

Former member of the Parliamentary Economics Committee, Abdul Hussein Al-Yasiri, today, Sunday, attributed the reason for the continued rise of the dollar to the American policy towards Iraq.

Al-Yasiri said in a statement to Al-Maalouma: “The solution to the dollar crisis lies in obtaining a portion of the Iraqi funds in the US Federal Bank.”

He added, “The rise in the dollar is due to excess demand and lack of supply, as well as America’s policy towards Iraq.”

He explained that “the government is required to put pressure on the Fed to provide sufficient cash from the dollar in order to meet the increasing demand and eliminate the so-called parallel market.”

During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on Iraqi banks and banning the dollar under many pretexts, which in one way or another led to a severe financial crisis in the Iraqi markets.

almaalomah.me