Hussein reveals the purpose of Washington’s visit and points out the differences between buying dollars and the market’s need
Shafaq News / Foreign Minister Fouad Hussein revealed the purpose of the Iraqi delegation from its visit to the US capital, Washington, and while pointing to differences between buying the dollar and the market’s need, he stressed that the Iraqi currency is strong and the reserves exceeded 100 billion dollars.
“The Iraqi delegation that visited Washington consisted of different sectors, and the purpose of the visit to Washington was related to the economic sector,” Hussein said in a press conference attended by Shafaq News Agency.
He explained, “Monetary policy was on the agenda of the Iraqi delegation’s visit to Washington, and we discussed political issues, fighting corruption, and regional relations with the American side.”
Hussein indicated, “The Iraqi currency is strong, and the Iraqi reserves exceeded 100 billion dollars, and the financial liquidity is available.”
And the Iraqi Foreign Minister continued, “With the application of the electronic platform, it became clear that the market’s need differs from the currency that pays.”
He pointed out that “the dollar’s relationship with the dinar is in the right direction, and there will be stability for the currency. It is a matter of time. We noticed this before traveling to Washington, and with the measures taken by the Central Bank and the Prime Minister and the Istanbul meeting before the delegation’s visit to Washington, the dollar stopped climbing.”
Hussein said, “There are unreal bills that were applying to obtain dollars.”
He explained, “The issue of smuggling the dollar is not a cause but a consequence.. Through the electronic system, it is difficult to know who receives the dollar and who is the final beneficiary.”
And he indicated that “the electronic platform will help stop the smuggling of the dollar, and the platform that deals with the dollar must also be placed at airports and border crossings.”
Shafaq.com