An economist confirms the possibility of Iraq avoiding falling into the trap of the American treasury

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iraq news

Hisham Al-Baydani, a researcher on economics, said on Sunday that the Iraqi government could take action to prevent banks from falling into the US Treasury’s trap, especially in light of the sanctions it occasionally imposes on some banks.

Al-Baydani told Al-Maalouma, “Iraq has stores of in excess of 100 billion bucks in the US of America, and this matter requires the public authority to reinforce the country’s power over confidential banks, which number in excess of 70 confidential banks.”

“The government’s measures could block the way for America to impose any new sanctions, after it had previously imposed sanctions on 14 banks that caused a scarcity of dollar supply in the local market, which still deals with financial liquidity in ways that are far from modern,” he added.

He called attention to the significance of the National Bank forcing restricting circumstances for the advancement of banking work, to keep away from any inconvenience of American guardianship through tax evasion allegations.

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