Abdul Hussein Al-Yasiri, a former member of the Parliamentary Economics Committee, blamed the dollar’s continuous growth on American policy toward Iraq today, Sunday.
In a statement to Al-Maalouma, Al-Yasiri said, “The solution to the dollar crisis lies in obtaining a portion of the Iraqi funds in the US Federal Bank.”
He went on to say, “The rise in the dollar is due to excess demand and lack of supply, as well as America’s policy towards Iraq.”
He went on to say that “the government is required to put pressure on the Fed to provide sufficient cash from the dollar in order to meet the increasing demand and eliminate the so-called parallel market.”
During the current time, America has sought to devalue Iraqi currency by applying sanctions.