An economist warns of the US Treasury’s policy with Iraq, 15 FEB

An economist warns of the US Treasury’s policy with Iraq

Information/Baghdad…
Today, Wednesday, the economic expert, Nabil Jabbar Al-Ali, warned of the policy of the US Treasury Department and the measures it took against Iraqi private banks.

Al-Ali told Al-Maalouma, “Depriving Iraqi private banks from dealing in dollars will affect the commercial movement represented by import and export through a decrease in foreign transfers granted by the Central Bank.”

He added, “Any sanctions from the US Treasury on Iraqi private banks will affect the exchange rate of the dollar against the dinar.”

Al-Ali pointed to “continuous American controls and pressure on private private banks inside Iraq.”

At the beginning of this month, the Central Bank announced a new list of banks that will be prohibited from dealing in dollars, as the list included the names of eight banks that were not previously on the list.

While the Economy, Industry and Trade Committee intends to hold a meeting with representatives of the Iraqi Private Banks Association and the banks that were included in the US sanctions list.

almaalomah.me