Economy 2024-07-25 | 7,697 views Alsumaria-special Economic researcher Ziad Al-Hashemi revealed new information about the US Federal Reserve’s policy towards Iraq, anticipating a rise in the dollar against the dinar, which will generate great pressure on the Iraqi banking system. Al-Hashemi told Al-Sumaria News,
“Some information from within the corridors of the Central Bank of Iraq indicates that the US Federal Reserve has adopted a strategy different from its previous strategies towards the Iraqi economy,” noting that “this strategy will be more stringent and depend on three axes:
The first axis: The continuation of punishing the previous banks, and
there is no lifting of the sanctions against them, meaning that
these banks will continue to be prevented from trading in the dollar indefinitely.
The second axis: closing banks that continue to violate federal controls related to money laundering and dollar smuggling, and supporting sanctioned entities and countries.
The third axis: Preventing the Iraqi government from interfering in the dollar file, and that
this file be in the hands of the Central Bank of Iraq only. He stressed that
"the last axis explains that the Federal Bank monitored the presence of political influences from the Iraqi government," pointing out that
"the Iraqi Central Bank today is in a very embarrassing situation and is almost in trouble through internal pressures on it to obtain a larger space for the dollar and its circulation." He stressed,
"The Central Bank will only have the ability to delay and postpone federal procedures for the longest possible period of time, while achieving temporary protection for the Iraqi banking system and the Iraqi dinar." He stated,
"The American Federal Reserve will not be able to wait forever, and
it is expected that there will be federal measures that may occur at any moment, and
there will be a sudden and large demand for the dollar, which will lead to a decrease in the value of the Iraqi dinar against the dollar, which will generate great pressure on the banking system." "The Iraqi economy, the Iraqi economy, and the formal political system."
https://www.alsumaria.tv/news/economy/494898/الفدرالي-الأميركي-يتبنى-ستراتيجية-جديدة-تجاه-العراق-الدولار-مهدد-بالار
there is no lifting of the sanctions against them, meaning that
these banks will continue to be prevented from trading in the dollar indefinitely.
The second axis: closing banks that continue to violate federal controls related to money laundering and dollar smuggling, and supporting sanctioned entities and countries.
The third axis: Preventing the Iraqi government from interfering in the dollar file, and that
this file be in the hands of the Central Bank of Iraq only. He stressed that
"the last axis explains that the Federal Bank monitored the presence of political influences from the Iraqi government," pointing out that
"the Iraqi Central Bank today is in a very embarrassing situation and is almost in trouble through internal pressures on it to obtain a larger space for the dollar and its circulation." He stressed,
"The Central Bank will only have the ability to delay and postpone federal procedures for the longest possible period of time, while achieving temporary protection for the Iraqi banking system and the Iraqi dinar." He stated,
"The American Federal Reserve will not be able to wait forever, and
it is expected that there will be federal measures that may occur at any moment, and
there will be a sudden and large demand for the dollar, which will lead to a decrease in the value of the Iraqi dinar against the dollar, which will generate great pressure on the banking system." "The Iraqi economy, the Iraqi economy, and the formal political system."
https://www.alsumaria.tv/news/economy/494898/الفدرالي-الأميركي-يتبنى-ستراتيجية-جديدة-تجاه-العراق-الدولار-مهدد-بالار
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