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World News
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Title: Why does the US still control every penny of Iraqi oil revenues?
Source: [None]
URL Source: https://thecradle.co/articles-id/27007
Published: Sep 30, 2024
Author: Horse
Post Date: 2024-09-30 08:56:38 by Horse
Keywords: None
Views: 161
Comments: 1

In July, the Iraqi Central Bank halted all foreign transactions in Chinese Yuan, succumbing to intense pressure from the US Federal Reserve to do so. The shutdown followed a brief period during which Baghdad had allowed merchants to trade in Yuan, an initiative intended to mitigate excessive US restrictions on Iraq’s access to US dollars.

While this Yuan-based trade excluded Iraq’s oil exports, which remained in US dollars, Washington viewed it as a threat to its financial dominance over the Persian Gulf state. But how has the US managed to exert such total control over Iraqi financial policies?

The answer lies in 2003, with mechanisms established following the illegal US-led invasion of Iraq.

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https://citizenwatchreport.com/china-banks-have-been-told-to-cut-rates-by-about-50-bps-on-existing-mortgage-loans/

China banks have been told to cut rates by about 50 bps on existing mortgage loans

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2024-09-30   8:59:33 ET  Reply   Trace   Private Reply  


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