Can the CBI, Alaq and the board of directors reduce the exchange rate of the American dollar? No, of course not. They don’t have jurisdiction to do that. Who can do that? The US Treasury. Alaq and Sudani said to the citizens, ‘Private banks will give support to the Iraqi citizens by reducing the dollar exchange rate.’ What that means is they’re going to give value to the Iraqi dinar…It reduces the value of the American dollar in the country of Iraq.
