The Iraqi Parliament calls for confronting US sanctions and selling oil for anything other than the dollar
The Iraqi Parliament calls for confronting US sanctions and selling oil for anything other than the dollar
2024-02-01 11:42
Shafaq News/ The Finance Committee of the Iraqi House of Representatives called, on Wednesday, for the sale of Iraqi oil in a currency other than the US dollar to counter the sanctions imposed by the United States on Iraqi banks.
The Parliamentary Finance Committee said, in a statement received by Shafaq News Agency, “The US Treasury is still using the pretext of money laundering to impose its sanctions against Iraqi banks, which requires a national stance that puts an end to these arbitrary decisions,” indicating that “imposing sanctions on Iraqi banks would To undermine and obstruct the steps taken by the Central Bank to stabilize the dollar exchange rate and reduce the selling gap between the official and parallel rates.”
The committee declared, “its rejection of these practices, due to their repercussions and consequences on the livelihood of our citizens, and reiterated its call to the government and the Central Bank of Iraq to take quick measures to get rid of the dominance of the dollar, by diversifying our cash reserves from foreign currencies.”
The committee proposed obliging the Ministry of Oil to sell Iraqi oil in other foreign currencies.
The United States of America had previously imposed sanctions on a number of Iraqi people linked to armed factions, in addition to sanctions on Fly Baghdad Airlines.
Sanctions were also imposed on Al-Huda Bank and its owner, Hamad Al-Moussawi.
shafaq.com
