Economic expert Ahmed Abdul Rabbo said today, Saturday, that stopping dealing in the Chinese yuan will greatly affect the Iraqi economy, while he confirmed that the coming days will witness a significant increase in the price of the dollar against the Iraqi dinar.
Abdul Rabbo said in a statement to Al-Maalouma Agency, “Stopping transactions in the Chinese yuan by America through imposing sanctions on the banks dealing with it is a blatant interference in the Iraqi economy and cannot be ignored,” noting that “limiting Iraq’s transactions in the US dollar strengthens America economically and increases its hegemony over Iraq.”
He added, “Imposing sanctions and stopping transactions in the Chinese yuan is a political matter more than an economic one,” calling on the government to “intervene in this matter because the Iraqi market is full of Chinese goods and such a decision will raise their prices for the common citizen.”
Economic expert Nabil Al-Marsoumi had previously stated that Iraq intends to rely on the Chinese yuan for the purpose of trade exchange with China, in addition to the European euro, the Emirati dirham and the Jordanian dinar, as the Iraqi authorities seek to provide other foreign currencies for local dealings in addition to the US dollar.
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