An American newspaper incites the Biden administration not to listen to the Iraqi delegation about the dollar crisis
An American newspaper incites the Biden administration not to listen to the Iraqi delegation about the dollar crisis
2-9-2023
Information / translation.
The American Washington Examiner called on the administration of US President Joe Biden not to listen to the demands of the Iraqi delegation to alleviate the severity of the crisis facing the Iraqi currency.
And the newspaper claimed in its report, which was translated by the agency / information /, that “Iraqi politicians have abused their easy access to the dollar for more than a decade and stolen money in an unprecedented historical manner.”
The report added that “until Iraq takes strict measures against corruption and currency smuggling, Washington must refuse complicity in what is the largest money laundering scheme in the world, a scheme that threatens the US financial system and puts it in danger.”
And he continued, “The fraud is taking place through a currency auction in the Central Bank of Iraq, which is an auction that the United States has launched in the country since 2004 to allow Iraqi banks to finance much-needed imports, as dollars come from an Iraqi account at the Federal Reserve Bank in New York through which it is channeled.” Iraq’s large oil revenues.
“It wasn’t long before the politicians and the corrupt began to sabotage the process. Using their control of Iraqi banks and border authorities, a network of front companies, and forged documents, they soon made massive transactions in counterfeit dollars the norm. Import costs were outrageously inflated.” Too often, transactions were done on paper only – no goods arrived in Iraq, while millions of dollars were transferred into shadowy accounts.
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