Baghdad The Oil Expert, Hamza Al-Jawahiry, confirmed that the rise in the price of the dollar is an American decision against some Iraqi banks.
He told the National Iraqi News Agency / NINA /: The rise in the price of the dollar in the Iraqi markets came as a result of the decision of the US Federal Bank to prevent four Iraqi banks from converting the dollar based on monitoring the performance of these banks.
Al-Jawahiry added: The government has taken a policy of dealing in dollars through a new window for selling the currency, and this measure will limit the money laundering process.
He explained: This matter needs a broader study of the market by the Central Bank of Iraq and a shift to preventing the purchase of goods through transfer operations, which is an advanced method used by the whole world.
Source: National Iraqi News Agency