Al-Fatah calls on the government to take steps to free itself from the restrictions of the US Federal Reserve

0
31
Al-Fatah calls on the government to take steps to free itself from the restrictions of the US Federal Reserve

Al-Fatah Alliance member Ali Hussein urged the government to look for alternatives and take action to free the nation from American sanctions and the dollar’s domination today, Wednesday, emphasizing how important it is for Iraq to move toward removing the US Federal Bank’s restrictions.

It will be a risky move, but Hussein stated in an interview that “it is necessary to introduce companies from international countries that do not deal in the US dollar,” adding that “it will succeed if the atmosphere is created and contracts are made with alternative international banks.”

He went on to say, “Entering into the Shanghai system and other global organizations will be the first stage of liberation from the dollar,” stating that “the movement to end the dollar’s hegemony over the world, led by major countries, has greatly succeeded.”

He stated, “Contracting from companies from Eastern countries and bringing them to work inside Iraq will avoid the economic blockade,” noting that “the government is required to seek to find alternatives and take the step of liberating the country from the dominance of the dollar and American sanctions.”

According to economic analyst Nasser Al-Kanani, there are now 26 Iraqi banks that are impacted by US sanctions.

A Parliamentary Finance Committee member named Moeen Al-Kadhimi chastised “the US Federal Reserve’s sanctions on Iraqi banks in an attempt to undermine the government’s success” in an interview.