The Dollar Battle in Iraq

By: Farouk Youssef

"The dollar has risen" is a phrase that the Iraqi hears whenever his eyes blush in front of the rise in food and medicine prices.The higher the exchange rate of the dollar against the Iraqi dinar, the lower the morale of the Iraqi people until it is at rock bottom.There are more than 70 billion dollars that the Central Bank of Iraq reserves of hard currency, as the Iraqi government has already announced.A rich country like Iraq, how can its currency collapse once a US delegation carries conditions for currency transfers abroad, conditions that were put in place to prevent the smuggling of hard currency to In addition, Iran has been carrying out money-laundering operations in Iraq for years, to which the Central Bank of Iraq has always been a party. Ali Al-Alaq's return to his old position confirms that the Dawa Party is back to power and that the mandate of Al-Sudani is a continuation of what was interrupted from the rule of the call

Much of the daily currency sales are made for small banks owned by pro-Iranian Shiite parties.In a strange move to limit the appreciation of the dollar, the Iraqi government replaced the governor of the central bank. The new governor is no stranger to the bank. He was previously governor of the bank and during his reign seven billion Iraqi dinars disappeared, and he said in his defense that water seeped into underground tanks and destroyed the money.

The return of Ali Al-Alaq to his old position confirms that the Dawa Party has returned to hold power again and that the mandate of Al-Sudani is a continuation of what was interrupted from the rule of the call, in addition to that the presence of Al-Alaq at the head of the largest financial institution in Iraq will facilitate the smuggling of money to Iran. Which was issued by Tehran to starve the Iraqi people in exchange for the decision of the US Treasury to stop part of the financial transfers to it. The U.S. delegation that recently visited Baghdad was clear in its deterrent conditions for such operations.

Iran has sought to transfer the knot from Baghdad to Washington through its proxies in Baghdad who refuse to base the currency market on fair economic bases and standards with clear objectives in the context of unsuspecting deals. Over the past twenty years, hundreds of billions of U.S. dollars have been smuggled into Iran, Syria, and Lebanon through fake shopping lists. Therefore, it is no exaggeration to say that Nouri al-Maliki during his two terms was responsible for wasting four hundred billion dollars, the bulk of which went to Iran and its militias in the region.

The period in which Mustafa al-Kadhimi ruled witnessed a kind of relative discipline in currency smuggling, not because of censorship, but because the Dawa Party did not directly supervise the central bank.When the Sudanese government announced that there were more than seventy billion dollars in the coffers of the central bank, it expressed at the same time its confusion about how to spend that surplus money. The new state created by the Americans and dominated by Iran is forbidden to implement development projects. There is no industry, agriculture, health, education, reconstruction or private sector except in the field of restaurants and amusement parks.

The first decision taken by the Sudanese government was to expand the government apparatus, which is already heavy and does not work and costs the state expenses that are an uncompensated financial waste at the level of work. The armed forces, for example, have more than one million members. They are forces that fail in their training and patriotism and can be defeated in battles that will not take place, as happened in 2014 when the Iraqi armed forces abandoned their modern American weapons and fled in front of two hundred pickups ISIS militants were traveling in.