Associated Press on the dollar crisis and federal restrictions: The Iraqi regime is threatened

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[size=52]Associated Press on the dollar crisis and federal restrictions: The Iraqi regime is threatened[/size]

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Today, Thursday, the Associated Press International criticized the US government's decisions to limit the authorities in Baghdad's access to its private dollar reserves in the US Federal Reserve, usually as a "threat" to the Iraqi political system rather than the parties that Washington is trying to target.[/size]
[size=45]The agency said in a report translated by (Baghdad Today), that “the system imposed by the United States on the Iraqi authorities and its economic and banking sector, which is based on obtaining approval from the US Federal Reserve to pass funds from the Iraqi government’s private account to the government itself, led to a” rejection rate in The requests reached 80%, which led to a great scarcity of the US dollar in the Iraqi market,” according to its description.[/size]
[size=45]The new system had a negative impact, not only on the part of rejection, but also with regard to transferring money, according to information revealed by the agency, stressing that some official transfers take about 15 days to pass, as Iraqi imports via dollars decreased by about 34% from 90% during previous years due to restrictions. American.[/size]
[size=45]The agency also confirmed that the US Federal Reserve spokesman refused to comment on the negative effects imposed by the US restrictions on the Iraqi economy, saying only that they aim to “establish a sound system for the implementation of US sanctions targeting Tehran and Damascus,” according to his description.[/size]
[size=45]One of the leaders of the Popular Mobilization Forces spoke to the agency confidentially, stressing that “most of the current banks are owned by politicians or political parties that benefit from the currency auction, which created the current crisis between Washington and Baghdad,” blaming, according to the agency, “the weak control of the Iraqi authorities over the banking sector, the matter Which was also confirmed by one of Al-Sudani’s advisors in an exclusive interview with the agency without revealing his identity, stressing, “The forged invoices presented by parties involved in smuggling currency led to the imposition of the current restrictions.”[/size]
[size=45]The agency also said that the continuation of the current dollar crisis led to expectations of “popular demonstrations” that might threaten the integrity of the current regime in Iraq, which it confirmed that Washington does not want to harm it given the cooperation of the Sudanese government with it until the moment, stressing the need for Washington, in turn, to cooperate with the Sudanese during the visit. The planned close to ease restrictions and revitalize the Iraqi economy, according to her.[/size]
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