Minister: The timing of the US measures on the dollar in Iraq was not innocent
Minister: The timing of the US measures on the dollar in Iraq was not innocent
2023-02-25 05:42
Shafaq News/ The Minister of Labor and Social Affairs, Ahmed Al-Asadi, considered, on Saturday, that the timing of the measures imposed by the US Treasury Department to limit currency smuggling in Iraq was “not innocent”, because they were applied a few days after the formation of the current federal government headed by Muhammad Shia’a. Sudanese.
Al-Asadi said during his hosting of the Al-Rafidain Dialogue Conference held in Najaf, “The Iraqi delegation to Washington had a very positive atmosphere,” noting that the Foreign Minister spoke with us at the meeting of the State Administration Coalition and talked about his meetings, and said: He had more than 20 meetings in Washington and spoke in 3 think tanks in Washington, and the atmosphere was very positive even in applying the controls imposed by the US Treasury. It is not a negative thing in reality, but the reaction and the impact it left on the Iraqi money market was negative.
He added, “We have all been groaning for years and complaining about the currency auction and its badness,” adding that “the timing chosen by the US Treasury was certainly not an innocent timing. Three days after the government took over its duties, it began applying these controls, but we in the Iraqi government dealt with It was a challenge and we dealt with it positively.”
And the minister continued by saying, “We all want to put in place a tight mechanism that prevents manipulation of the currency auction, which everyone complains about without exception,” stressing that “manipulation, harm and money laundering is the reason for the high exchange rate of the dollar against the dinar in Iraq.”
shafaq.com
