The Governor of the Central Bank of Iraq made an unannounced visit to Washington regarding the Chinese yuan

 The Governor of the Central Bank of Iraq made an unannounced visit to Washington regarding the Chinese yuan

Informed sources revealed, on Saturday, that the Governor of the Central Bank of Iraq, Ali Al-Alaq, is making an officially unannounced visit to the United States of America to discuss with officials in Washington regarding the US Federal Reserve’s decision to stop Baghdad’s dealings with the Chinese yuan.

The sources told Shafaq News Agency that Al-Alaq left for Washington last Tuesday to meet with officials at the Federal Reserve and the US Treasury.

She added that Al-Alaq is discussing with American officials the decision to stop Iraq's dealings with the Chinese yuan, indicating that the Governor of the Central Bank is also discussing during his visit the required obligations regarding Iraqi banks that are deprived of dealing with the dollar.

The visit of the Governor of the Central Bank of Iraq, Ali Al-Alaq, to ​​Washington coincides with a major jump in the exchange rate of the dollar against the dinar, and more than two months after the visit of Prime Minister Muhammad Shia Al-Sudani to the United States.

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