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Al-Fateh proposes exchanging the “national currency” with neighboring countries to end the dominance of the dollar
1-25-2023
Al-Fateh proposes exchanging the national currency with neighboring countries to end the dominance of the dollarInformation / Diyala..
On Wednesday, the leader of the Al-Fateh Alliance, Uday Abdel-Hadi, proposed dealing in the national currency with neighboring countries to end the dominance of the US dollar.
Abdul-Hadi said in an interview with Al-Maalouma, that “the dollar crisis in Iraq is directly behind the US Treasury, and it comes within the framework of clear-cut blackmail of the Sudanese government, and this matter is not disputed by two,” noting that “the dollar has become a crisis for many countries.” In the world because of Washington’s attempts to exploit its influence to put pressure on the economy as a tool to achieve goals and agenda.”
He added, “The situation requires a reconsideration of breaking the dominance of the US dollar and pushing for the introduction of the principle of commercial dealings through national currencies between Baghdad and neighboring countries and its international surroundings, and this is more fair and limits the dominance of the dollar and its repeated crises.”
He pointed out that “the push to adopt the dinar in commercial transactions should be the path of an upcoming economic plan in order to directly reduce the impact of the dollar on the markets.”
The markets in Iraq are suffering from a crisis in the exchange rates of the dollar, which is witnessing fluctuation and instability with US pressure in this direction.
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The Central Bank is preparing to follow new mechanisms to get out of the “dilemma” of the dollar
1-27-2023
The Central Bank is preparing to follow new mechanisms to get out of the dilemma of the dollarInformation / Baghdad..
Today, Friday, the governor of the Central Bank, Ali Al-Alaq, confirmed the adoption of a new policy and serious mechanisms to get out of the “impasse” of the high exchange rate of the dollar.
And the Ishraqa Canon Parliamentary bloc stated in a statement received by Al-Maalouma, that “a group of deputies met with the Governor of the Central Bank of Iraq / Agency Ali Al-Alaq; to discuss the reasons for the continuous decline in the value of the Iraqi dinar against the US dollar, which in turn was reflected in the economic situation of citizens and burdened them as a result of the high prices of materials.” commodities in the local market.
The statement pointed out that “during the meeting, they discussed the need to take effective steps to combat money laundering and currency smuggling, and to take the necessary and effective means to solve the crisis.”
And the bloc indicated that “the governor of the central bank stressed the adoption of a new policy by the central bank and the development of serious mechanisms to get out of this impasse.”
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