Wed. AM KTFA News Articles from Iraq 5-17-23



Henig » May 17th, 2023

US newspaper: Washington “loses” its influence in Iraq because of the dollar

Baghdad Today – Baghdad

The American newspaper (The Craydell) announced in a report published on Tuesday that Washington is “losing” influence over the Iraqi authorities as a result of measures currently being taken against the use of the dollar inside the country, which it said the United States uses as a “tool of political pressure.” 

The newspaper explained, according to what was translated (Baghdad Today), that the Iraqi government, after taking a decision to prevent the circulation of the dollar locally on the fourteenth of this month, directly weakened “the control of the United States on the Iraqi political situation” as a result of the policy of “grabbing the dollar” pursued now, as described.

“The US administration uses the dollar as a means of political pressure, which has reflected on the Iraqi economic situation significantly, especially during the past few years as a result of the restrictions imposed by Washington on Iraq’s access to its treasury of dollars,” she said.

She added, “The Iraqi government moved quickly towards measures that reduce its dependence on the dollar towards extracting it completely from the Iraqi economy to maintain stable internal conditions at least,” as she described.


It is noteworthy that MP Hussein Munis told the newspaper that the Iraqi economy “is enslaved by the United States through the dollar,” which forces Iraqi legislators to go to reduce the circulation of the dollar in the Iraqi market to get rid of Washington’s “influence” on the economy, as he described.    LINK


Tuesday, May 16, 2023 9:44 PM Baghdad / National

News Center Rafidain Bank directed, on Tuesday, to collect taxes and customs fees in Iraqi dinars.

The bank said in a statement received by the National News Center that “in compliance with government directives and the instructions of the Central Bank of Iraq, the bank directed its branches at border crossings to collect taxes and customs fees in Iraqi dinars.”

The bank instructed “its border branches (Trebil – Al-Waleed – Rabia – Zarbatiya – Basra Free Zone – Fleifel – Trade Exchange Area – Safwan border – Khor Al-Zubair – Al-Haswa Customs – Al-Shayb border) to adopt the dinar in collecting customs duties and taxes instead of the dollar.”

The bank decided that “the receipt of the stamp duty will be in Iraqi dinars,” noting that “this step comes in support of the national economy and the strengthening of the Iraqi dinar currency.”  LINK


Source: Dinar Recaps


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