After America’s sanctions on banks.. Al-Kinani: The dollar will reach 175 thousand
After America’s sanctions on banks.. Al-Kinani: The dollar will reach 175 thousand
7-20-2023
Information / Special..
Today, Thursday, economic expert Nasser Al-Kinani criticized the new sanctions imposed by Washington on 14 new Iraqi banks, stressing that imposing sanctions from America is a response to the government after announcing a barter for the supply of Iranian gas.
Al-Kinani said in an interview with the information agency, “It is expected that the exchange rate of the dollar will reach 175 compared to 100 dollars during the current month,” noting that “Washington’s recent sanctions will restore the recent dollar exchange crisis in the local markets.”
He continued, “The Central Bank will work to increase its sales during the coming period for the purpose of filling the deficit that will occur as a result of removing 14 Iraqi banks from the electronic dollar platform,” noting that “Washington deliberately imposed sanctions on large banks, which are considered one of the main resources for selling the dollar at the official price in the local markets.”
Yesterday, the US Treasury Department imposed sanctions on 14 Iraqi banks in order to remove them from the currency auction platform at the Central Bank, and this is what many consider to be a purely political decision to bring the dollar crisis back to the fore again.
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