Parliamentary Finance details the decision to supply Iraq with dollars during 2024

Parliamentary Finance details the decision to supply Iraq with dollars during 2024

12-24-2023

Parliamentary Finance details the decision to supply Iraq with dollars during 2024Information/private..
Today, Sunday, the Parliamentary Finance Committee detailed the decision to provide America with shipments of dollars to the Iraqi government during 2024, and while it accused the Washington administration, it stressed the necessity of achieving “Iraq’s economic sovereignty.”

A member of the committee, Moeen Al-Kazemi, said in an interview with the “Al-Ma’louma” agency, “Iraq exports three million and 500 thousand barrels of oil daily, at a price per barrel of approximately 80-90 dollars, and these funds are deposited in the US Federal Bank, while the bank supplies Iraq Monthly with the amount of dollars he needs.”

He pointed out, “This sovereignty is being violated by the American side, which is trying to dominate the Iraqi decision by exploiting the movement of the dollar in Iraqi markets.”

He added, “The previous period witnessed a reduction in the quantities sent to Iraq for reasons claimed by the US Federal Reserve to control the movement of the dollar,” noting that “there are financial transfers of what Iraqi merchants need, which amount to more than 150 million dollars daily.”

The member of the Finance Committee explained, “Organizing this process between the Central Bank of Iraq and the US Federal Reserve for the next stage in 2024 is an important and essential thing, in order to have a cash dollar with which to deal with necessary matters, currencies and bank transfers.”

Al-Kadhimi stated, “Iraq’s need for the dollar during the next year will be covered, given that this is ultimately its money, and work must be done to achieve economic sovereignty in Iraq.”

Earlier today, Washington’s ambassador to Iraq, Elena Romanowski, confirmed that her government would continue to provide dollar services to Iraq in the interest of economic stability.

The US ambassador’s statements came at a time when the dollar crisis was igniting in Iraq, and the markets were burning due to the limited quantities supplied, despite government measures through the Central Bank.

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