Former MP reveals “the hidden”…these are the restrictions of the US Federal Reserve
Former MP reveals “the hidden”…these are the restrictions of the US Federal Reserve
7-17-2024
Al-Maalouma/ Exclusive..
Former member of the Parliamentary Finance Committee, Abdul Hadi Al-Saadawi, revealed on Wednesday the restrictions imposed by the US Federal Reserve on the Central Bank of Iraq.
Al-Saadawi said in an interview with / Al-Maalouma /, “The US Federal Reserve is imposing restrictions on the Central Bank of Iraq in response to the demand to withdraw US forces from the country.”
He added that “America is adopting a specific approach in Iraq, which is to give more space for foreign banks to operate at the expense of Iraqi banks.”
He pointed to “the need to review the activities of foreign banks in the country and seek to address corruption in local banks and expose fictitious exchange windows that operate in money laundering.”
It is noteworthy that the dollar exchange rates in the Iraqi markets have witnessed a state of instability in the past few days in terms of rising and then falling again.
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