Al-Zaidi sends a message to Parliament regarding monetary policy in Iraq

Al-Zaidi sends a message to Parliament regarding monetary policy in Iraq

03-04-2024 | 04:56

Al-Zaidi sends a message to Parliament regarding monetary policy in IraqThe Secretary-General of the Iraqi Islamic Movement, “Imam Ali Brigades,” Shibl al-Zaidi, today, Monday, sent a message to the Iraqi parliament regarding the monetary (financial) policy pursued in Iraq.
Al-Zaidi said in a tweet followed by Al-Sumaria News, “One of the common mistakes in the monetary (financial) policy pursued in Iraq since the fall until now is that we are subject to the American mood and its fluctuations and under its absolute control, and it has been noticed recently that the American Treasury aims to punish 37 banks.” Iraq calls for ending Iraqi banking activity and replacing it with foreign and Arab banks and restricting the currency auction and remittances to those banks, as well as controlling banking services and remittances. This is what legislators in the Iraqi parliament must pay attention to by working to issue legislation that prevents the participation of foreign banks in the auction.

He added that if there is an urgent need for such an auction, it is for the people of the country exclusively. Likewise, exits must be found that free us from mortgaging the Iraqi economy to the American port, as oil can be sold in other foreign currencies and imported from those countries, or the barter system can be adopted in development and economic projects that provide job opportunities. New projects for citizens or service projects with long-term contracts through the oil barter system.”

He continued, “Reviving industry, trade, and liberal professions and supporting them will advance the economic reality of the country and contribute to creating an outlet for monetary policy and breaking American restrictions.” He pointed out that the current situation is good but is subject to collapse when wars and crises end. Which is ravaging the world at the present time, but the puzzling question is: What if oil sales prices changed in a country where 25% of its people receive salaries depending on its sales?

alsumaria.tv