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Al-Fateh: Diversifying currency reserves has become a national security priority

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Al-Fateh: Diversifying currency reserves has become a national security priority

   Today 17:36    1 shares
Information / Diyala..


The leader of the Al-Fateh Alliance, Sadiq Jaafar, confirmed, on Tuesday, that the

diversification of currency reserves in Iraq has become a priority for national security.

Jaafar said in an interview with "The Information", that

"Washington has repeatedly tried to exploit the dollar to put pressure on Iraqi governments in various forms, as it did with other countries, which made confidence in this currency shaken, which turned into a pressure card and punishment used against countries that reject America's hegemony."  He added,

"The recent crisis and the pressure on the markets to seriously rethink the diversification of currency reserves in Iraq, as

it has become a national security priority to prevent any future crises," noting that

"resorting to Chinese currencies and other countries has become a necessity in order to break the monopoly of the US dollar."  He pointed out that

"Iraq's openness to adopting national currencies in its trade with other countries, whether China or neighboring countries, will reduce pressure on state transfers by 40%, according to economists, and

this will push the dinar to more stability."

Iraqi political forces have accused Washington in recent months of using the dollar to create a crisis in the markets and raise exchange rates to limits that increased market prices in an unprecedented way.
25 p.m. ended

https://almaalomah.me/news/economy/الفتح:-تنويع-احتياطي-العملات-بات-من-اولويات-الامن-القومي


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