15 hours ago
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Today, Friday, political analyst Hazem Al-Bawi considered the government's assertion of direct dealing in trade exchange with China in the "yuan" currency, a preemptive strike against the US conditions that Washington intended to put forward soon.
Al-Bawi said in a press interview, which was seen by “Takadum”, that “all the assurances issued by many parliamentary circles indicated the intention of the American administration to impose a set of conditions on the Prime Minister, Muhammad Shia’ al-Sudani, during his upcoming visit to Washington.”
He added, "The government seems to have been aware of this American plan and worked to introduce the Chinese currency as a currency in circulation between Baghdad and Beijing, which represents one of the most important proactive steps to prove Iraq's eligibility to diversify its economic relations, especially after the dollar setback caused by the US Federal Bank, which was approved by the Washington ambassador." (Elena Romanowski).
Al-Bawi suggested that a qualitative shift would occur in the orbit of Iraq's foreign economic trade dealings, after the adoption of the Chinese "yuan" as a basic currency in exchange with Beijing, after the disappointment with the US dollar.
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