Al-Muslawi: The Iraqi economy will not remain hostage to the decisions of the US Federal Reserve.
Al-Muslawi: The Iraqi economy will not remain hostage to the decisions of the US Federal Reserve.
5-23-2026
Information/Special…
Firas al-Muslawi, spokesperson for the Reconstruction and Development Coalition, affirmed on Saturday that the time has come to end the dollar’s dominance over Iraqi resources, indicating that government plans are geared towards diversifying financial transactions to protect the national economy.
Al-Muslawi told the Information Agency, “American control through the Federal Reserve’s platforms has become a real obstacle to the reconstruction and sustainable development process in the country,” asking, “How long will the Iraqi economy remain hostage to the US dollar and the fluctuating decisions of the Federal Reserve, which do not consider the interests of our people?”
He added that “the Ministry and economic bodies within the government are seriously considering activating transactions in local currencies with international trading partners,” noting that “breaking free from the shackles of American monetary hegemony will restore stability to local markets and protect strategic projects from artificially created financial shocks.”
It is worth noting that political parties are demanding the necessity of severing financial ties with the US Federal Reserve and diversifying oil accounts, coinciding with calls to develop national capabilities to reduce dependence on foreign entities and ensure economic sovereignty.
almaalomah.me
