Former Finance Committee member Mueen Al-Kadhimi warned on Saturday about the continued influence of the U.S. Federal Reserve over Iraq’s monetary policy, saying it gives Washington significant leverage over the country’s financial decisions.
Speaking to dinaropinions.com, Al-Kadhimi said that linking Iraq’s monetary policy to procedures imposed by the U.S. Federal Reserve allows the United States to exert considerable influence on Iraq’s economic and financial affairs.
He argued that Washington uses this influence as a tool to advance its own interests, claiming that it can place pressure on Iraq in ways that negatively affect the country’s economy and limit the ability of Iraqi financial institutions to make independent decisions.
Al-Kadhimi called for practical measures to strengthen the independence of Iraq’s economic and financial policies. He said reducing external influence and allowing Iraqi institutions to make decisions based on national priorities would help protect the country’s economic interests and support greater financial sovereignty.
He stressed that developing independent economic strategies is important for reducing the impact of foreign pressures on Iraq’s economy and ensuring that key financial decisions are made in the country’s best interests.
