Restrictions are useful and I asked America about their silence on the dollar chaos before me!

4 months ago
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Iraqi PM: Restrictions are useful, and I asked the Americans about their silence on the dollar chaos before me!

link to My FX Buddies Blog https://www.myfxbuddies.com/2025/03/iraqi-pm-restrictions-are-useful-and-i.html

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After assuming the premiership, I faced the issue of the agreements between the previous government, the Treasury, and the US Federal Reserve, which were two years old at the time, regarding a roadmap for Iraq to enter the global financial compliance circle. However, the previous government did not implement any of them, and the deadline expired at the beginning of my government.

My government was able to transform the challenge and commitment to the U.S. Treasury and the Federal Reserve into an opportunity to reform the Iraqi financial and banking system. This came at a social and political cost, which our opponents exploited. However, we leveraged the issue to end the anomalous situation of dollar-selling shops, which we all complained about, and we were able to implement the imposed obligations.

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