The framework calls for urgent action regarding “Iraq’s financial reserves” in America… 3 weaknesses
The leader in the coordination framework, Jabbar Odeh, called, on Tuesday, for urgent action regarding Iraq’s financial reserves in America.
In an interview with Al-Maalouma, Odeh said, “Washington controls Iraq’s financial reserves in different ways, and it is currently putting pressure on the currency markets and was a direct cause of the dollar’s exchange rate rising to more than 160,000 dinars per hundred dollars .”
He added, “The time has come for urgent action regarding Iraq’s financial reserves in America by ensuring that they are transferred to banks of other countries that are safer and prevent any interference in the country’s financial policy,” noting that “the survival of the reserves In Washington, it carries with it 3 weaknesses, the most prominent of which is the possibility of Acquisition of it, and this is possible, in addition to creating problems with liquidity, and this is what is happening now, in addition to it representing a tool that robs the country of economic independence and gives Washington more cards that support its agenda in Baghdad.
He pointed out that “the situation of the economy in America is critical, and its entry into a period of severe recession is possible at any moment, which makes these precautions in the crossfire, which calls for urgent positions to secure these precautions and prevent any violation of them under any pretext.
Iraq has large financial reserves in US banks for many years, in addition to treasury bonds estimated at billions of dollars on the basis of investment. link
It’s like an emergency.” Deputy: The first parliament session will be for the dollar rate
A member of the House of Representatives, Baqir Kazem, confirmed, on Tuesday, that the next parliament session will be on Saturday after the end of the legislative recess, while he indicated that it will be related to discussing the high price of the dollar.
Kazem said, in an interview with Al-Maalouma, that “the next session will be for discussing and finding solutions to the crisis of the dollar’s high exchange rate,” noting that “Parliament will submit a report and proposals to the Ministry of Finance in order to study the issue of dollar exchange.”
And he continued, “The work of the parliamentary committees in the previous period was devoted to finding solutions and proposals in order to work to reduce the exchange rate of the dollar after the speculation it is witnessing,” noting that “next Saturday will be the first session of the second legislative term.”
He noted that “the next session is tantamount to an emergency solution to the dollar exchange rate crisis, and all aspects that will contribute to preserving the value of the Iraqi dinar will be studied.”
Today, the exchange rates of the US dollar against the Iraqi dinar recorded a new record on the main stock exchange in the capital, Baghdad, as the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad reached 160,300 Iraqi dinars for 100 US dollars . link
Source: Dinar Recaps
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