Finance Committee responds to US sanctions: Let’s sell oil in currencies other than dollar
Baghdad – 964
The Parliamentary Finance Committee on Wednesday called for the sale of Iraqi oil in currencies other than the US dollar to face sanctions imposed by the US Treasury Department against Iraqi banks.
A statement to the Parliamentary Finance Committee, the network received a 964 copy of which:
The US Treasury Department is still invoking money laundering to impose its sanctions against Iraqi banks, which requires a national position that puts an end to these arbitrary decisions.
Imposing sanctions on Iraqi banks would undermine and hinder the steps taken by the central bank to adapt the stability of the dollar exchange rate and reduce the selling gap between the official and parallel price.
While we reject these practices, because of their repercussions and consequences for the sustenance of our citizens, we renew our call to the government and the Central Bank of Iraq to take quick measures, to get rid of the dominance of the dollar, by diversifying our foreign currency reserve.
We also propose to oblige the Ministry of Oil to sell Iraqi oil in other foreign currencies.
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