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Article: "US threat to punish Rafidain may destroy dollar, salaries, and push Iraq into isolation"
Quote: "Professor of International Economics, Nawar Al-Saadi, says, If sanctions are imposed on the Iraqi banking system, the effects will be broad and profound, as this will lead to major disruption in the Iraqi economy, especially since Iraq relies almost entirely on the American financial system in its international dealings,
whether through transfers or reserves in the US Federal Reserve, and any restrictions on these dealings will lead to a severe shortage of dollar liquidity, which will increase the demand for the dollar on the black market, and thus raise its exchange rate against the Iraqi dinar."