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[size=45][size=41]Specialist: The United States of America reserves two-thirds of the Iraqi dollar reserve[/size]
1 day ago
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1 day ago
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Financial and banking expert, Mustafa Hantoush, revealed details of Iraq's financial balance, as he confirmed that Iraq possesses more than 115 billion dollars, distributed between 130 tons of gold, and US government bonds worth 32 billion dollars, in addition to cash at the US Federal Bank.
Hantoush explained in a press interview seen by “Taqaddam” that “a third of the aforementioned reserve is located inside Iraq, while the remainder is located in the US Treasury and some other international banks.” He pointed out that “United Nations Resolution No. 1956 of 2010 allowed the US Federal Reserve to control Iraqi assets.”
He added, “The increase in the financial balance leads to an increase in the value of the Iraqi currency, stressing at the same time that this does not mean abandoning the dollar and dealing with the United States of America, given that most of the balances are in this currency and country.”
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