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[size=45][size=41]Parliamentary Finance details the decision to supply Iraq with dollars during 2024[/size]
5 hours ago
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5 hours ago
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The Parliamentary Finance Committee detailed the decision for America to supply the Iraqi government with shipments of dollars during 2024, and while it accused the Washington administration, it stressed the necessity of achieving “Iraq’s economic sovereignty.”
Committee member, Moeen Al-Kazemi, said in a press interview seen by “Taqaddam” that “Iraq exports three million and 500 thousand barrels of oil daily, at a price per barrel of approximately 80-90 dollars, and these funds are deposited with the US Federal Bank, while the bank supplies Iraq needs the dollar amount it needs monthly.”
He pointed out, “This sovereignty is being violated by the American side, which is trying to dominate the Iraqi decision by exploiting the movement of the dollar in Iraqi markets.”
He added, “The previous period witnessed a reduction in the quantities sent to Iraq for reasons claimed by the US Federal Reserve to control the movement of the dollar,” noting that “there are financial transfers of what Iraqi merchants need, which amount to more than 150 million dollars daily.”
The member of the Finance Committee explained, “Organizing this process between the Central Bank of Iraq and the US Federal Reserve for the next stage in 2024 is an important and essential thing. In order to have a cash dollar with which to deal with necessary matters, currencies and bank transfers.”
Al-Kadhimi stated, “Iraq’s need for the dollar during the next year will be covered, given that this is ultimately its money, and work must be done to achieve economic sovereignty in Iraq.”
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