Al-Saadi: The connection to the US Federal Reserve reflects a flaw in financial management.
Al-Saadi: The connection to the US Federal Reserve reflects a flaw in financial management.
4-19-2026
Information/Special..
Economic expert Rashid Al-Saadi confirmed today, Sunday, that the connection with the US Federal Reserve reflects a flaw in the management of money and requires reform, not a break.
Al-Saadi told Al-Maalouma News Agency that “Iraq’s continued involvement with the US Federal Reserve reveals a clear weakness in the management of funds and financial authority,” noting that “this file has not been managed professionally throughout the past years.”
He explained that “the heavy reliance on the US Federal Reserve reflects a flaw in the management of financial policy and a weakness in the institutions concerned with this aspect, which has made Iraq restricted by external procedures that control part of its funds.”
He added that “a sudden disengagement at the present time is not possible because that could lead to serious repercussions and economic disasters, especially since Iraqi funds are protected under the American decree, in addition to the existence of numerous international lawsuits related to the stage of Iraq’s entry into Kuwait, which may be activated and lead to the freezing of funds.”
He explained that “what raises questions is the US government’s interference in the mechanisms for protecting these funds, even though Iraq has the ability to manage its resources if the will and proper management are available.”
It should be noted that this matter requires serious follow-up and gradual correction of errors, and that improving management is the most important step at present to avoid any future crises.
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