Parliamentary Finance Committee: Washington controls Iraqi financial transfers and hinders economic independence
Parliamentary Finance Committee: Washington controls Iraqi financial transfers and hinders economic independence
10-12-2025
Al-Maalouma/Baghdad..
Member of Parliamentary Finance, Moeen Al-Kadhimi, confirmed today, Sunday, that the United States of America imposes direct control over financial transfers in Iraq, which restricts the country’s ability to conduct its banking transactions freely and independently, noting that Washington is exploiting this issue to serve its political and economic interests.
Al-Kadhimi said in a statement to Al-Maalouma Agency, “The United States is still exerting pressure on the Central Bank of Iraq through the SWIFT financial transfer system, which prevents Iraq from dealing freely with a number of countries and negatively affects the movement of the national economy.”
He added that “Washington is exploiting this system as a tool for political pressure and controls the access of funds to a number of sectors and imposes restrictions on foreign transfers, especially those related to trade and imports.”
Al-Kadhimi indicated that “Iraq does not yet enjoy full financial sovereignty due to these interventions that serve American interests without taking into account the needs of the Iraqi market or the requirements of the country’s economic security.”
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