Economist: Targeting US bases contributed to the rise of the dollar, 10 NOV

  Economist: Targeting US bases contributed to the rise of the dollar

Baghdad - Iraq Today:

Financial and banking expert Mahmoud Dagher mortgaged the return of the stability of dollar exchange rates to stop the smuggling of foreign currency, while revealing the relationship of the reasons for the high rate of foreign remittances from the currency auction targeting US bases inside Iraq.

Dagher said in a press interview, "The rise in the process of foreign remittances to the Central Bank's sales of the currency auction is justified, considering that since the start of the war on Gaza and the targeting of some armed factions military bases inside Iraq, Washington pushed the tightening and rejection of many foreign remittances issued by the Central Bank, for reasons that may be considered as a pressure card on Iraq to reduce these attacks, but some messages exchanged between Baghdad and Washington have eased the severity of the American emphasis on remittances. Foreign Affairs, and this is what prompted its rise because many of it was stacked over the past days."

Dagher added that "there is no return to the stability of the exchange rates of the dollar against the Iraqi dinar in its natural form, except through controlling the borders and reducing the smuggling of foreign currency outside the country's borders."