SWIFT: WASHINGTON’S WEAPON FOR BLACKMAILING COUNTRIES AND STRANGLING IRAQ
Economic expert, Faleh Al-Zubaidi, confirmed today, Saturday, that the United States of America is using the global financial transfer system “SWIFT” as a tool for economic pressure on countries that do not align with its interests.
He pointed out that Iraq has become one of the countries subjected to such pressures aimed at pushing Washington’s agendas in the region.
Al-Zubaidi told Al-Maalouma, “SWIFT is an international financial network used to transfer funds between banks around the world. It is effectively subject to direct American control, which makes it a political tool in Washington’s hands to punish governments that reject its policies.”
He added, “The United States has used this system to punish a number of countries, such as Russia, Iran, and China, by denying them access to international financial transactions,” noting that “Iraq today suffers from strict restrictions imposed by Washington through this system, in an attempt to pressure the Iraqi government to advance its interests.”
Al-Zubaidi explained that “US dominance over SWIFT represents a clear violation of international economic standards and contradicts the principle of neutrality in financial transactions,” warning that “the continuation of this situation gives Washington the upper hand in controlling Iraqi financial decisions, threatening the country’s economic security.”
It is noteworthy that MP Haider Al-Salami stressed that the real and radical solution to this crisis lies in establishing a national financial system completely independent of the global financial transfer system (SWIFT), including a bank and an electronic payment entity, operating under the supervision of the Iraqi state and with its full autonomy, similar to what countries such as Russia, Iran and China have taken to protect their financial systems from Western domination.
(Yes, its called the Quantum Financial System (QFS)……)
