Al-Sudani confirms that the government is proceeding with its measures to bypass the US federal conspiracy
Al-Sudani confirms that the government is proceeding with its measures to bypass the US federal conspiracy
7-26-2023
Information / Baghdad..
The leader of the State of Law Coalition, MP Muhammad Saadoun al-Sudani, confirmed on Wednesday that the government would proceed with its economic measures in order to overcome the issue of the high exchange rate of the US dollar against the Iraqi dinar.
Al-Sudani said in a statement to Al-Maalouma, “The biggest challenges facing the Al-Sudani government today are related to the high exchange rate of the US dollar against the Iraqi dinar.”
He added, “The actions of the US Federal Bank are a conspiracy against the government to curtail its role at the regional and international levels, due to its success in attracting solid international companies to implement important service projects.”
He pointed out that “the Sudanese government is continuing its financial measures to overcome the crisis of the high exchange rate of the US dollar against the Iraqi dinar in the local market.”
And the US Treasury decided, during the past week, to stop 14 Iraqi banks from trading and selling hard currency, which caused a rise in the exchange rates of the dollar in the local markets.
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