Economist: Billions of dollars are being lost due to America’s control over Iraq’s resources.
Economist: Billions of dollars are being lost due to America’s control over Iraq’s resources.
8-16-2025
Al-Ma’alouma/Baghdad.
Economic analyst Faleh al-Zubaidi confirmed on Saturday that the United States is exerting stifling economic pressure on Iraq by controlling its financial resources. He warned that this policy has cost the country billions of dollars annually.
Al-Zubaidi told Al-Maalouma News Agency that “Washington’s financial policy toward Iraq is based on two dangerous aspects: the first is the imposition of successive sanctions on Iraqi banks, and the second is the control of Iraqi funds deposited in the US Federal Reserve.” He explained that “these measures weaken the Iraqi economy and deprive it of full use of its resources.”
He added, “Iraq is suffering greatly as a result of these pressures, which often turn into a political blackmail card,” noting that “the continuation of this American approach will deepen the economic and financial crises facing the country.”
Al-Zubaidi explained that “the losses resulting from this policy are estimated at billions of dollars annually, at a time when Iraq needs every financial resource to support the budget and implement service and development projects.”
It’s worth noting that the United States continues to impose restrictions on the movement of Iraqi funds at the Federal Reserve under the pretext of monitoring money laundering and terrorist financing, which economic experts see as a direct targeting of Iraq’s economic sovereignty.
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