Economist: Washington’s policies towards Iraq prevented the revival of its financial resources
Economist: Washington’s policies towards Iraq prevented the revival of its financial resources
2-1-2025
Information / Baghdad..
Economic expert Rashid Al-Hamdani confirmed on Saturday that the United States, since its occupation of Iraq in 2003 until now, has been following an economic policy that has transformed the economic recovery and made its fate linked to the financial policy of the US Federal Reserve through its dominance over oil sales resources and preventing the entry of major international companies to establish projects that develop and stimulate its economy.
Al-Hamdani said in a statement to Al-Maalouma Agency, “The United States, with all its successive administrations, still represents an obstacle to the development of economic activity in Iraq by imposing economic restrictions that prevent the country’s economy from recovering, and by following monetary policies that have harmed Iraq for known reasons.”
He added, “The obstacles placed by the US administration in preventing Iraq from developing its economic and financial activity, the most prominent of which is the continued dominance of oil sales funds and linking them to the US Federal Reserve and preventing the entry of major international companies to establish projects that develop and activate its economy, in addition to its support for terrorist groups and its involvement in a long war with ISIS, which has drained its economy very significantly.”
The United States of America continues to dominate Iraq through political, security and economic agreements that Washington sets out according to what primarily serves its interests. The American administration has sought to circumvent political agreements in order to block the path of parties trying to rid the country of their control over Iraqi oil sales money.
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