The dollar will be reduced in Iraq.. A new government project related to trade with 3 countries was revealed
The dollar will be reduced in Iraq.. A new government project related to trade with 3 countries was revealed
10-11-2023
Information/private..
Today, Wednesday, the State of Law coalition revealed a new government project related to trade exchange between Iraq and three countries, while clarifying America’s position on that, and its impact on the dollar.
The leader of the coalition, Jassim Muhammad, said in an interview with the “Maalouma” agency, “There is a new government project to adopt currencies other than the dollar to deal with several countries, including China, Iran, and Russia,” stressing that “this project, if implemented correctly, will work to reduce the demand for the dollar in the markets.” “Iraqiya.”
He added, “The project to create a currency for exchange between Iraq and these countries will greatly affect the dollar and will lead to a decline in its prices,” stressing that “the current rise in dollar exchange rates in Iraq will not be able to be reduced by any party, whether the central bank or others, as long as the demand for it is high.” .
Regarding America’s position on the new project, Muhammad explained, “America has no relationship with this project, and it does not matter whether or not it agrees to the project to create a currency other than the dollar for Iraqi commercial transactions, provided that there is a will from Iraq and these countries.”
The leader of Al-Maliki’s coalition stated, “Iraq is required to believe in this issue and adopt this project during the coming period, and the need to overcome the stage of fear and anxiety about the results.”
Earlier today, Prime Minister Muhammad Shiaa Al-Sudani confirmed that his country is ready to join the BRICS group, indicating that he discussed with Russian President Vladimir Putin a wide range of economic issues, including the use of the Iraqi dinar and the Russian ruble in commercial transactions between the two countries.
The Parliamentary Planning Committee had confirmed that the continuation of the crisis of the rise in the dollar exchange rate was fabricated and aimed at harming the Iraqi economy, while indicating the presence of hidden hands being used by the American side as a pressure card to embarrass the government through the dollar file.
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