BROADCASTS.com

WOTS THU MAY 12 22 After its implementation in Iran\u2026 Is it possible to cancel the dollar exchange rate in Iraq?

link To see  this article  in full and MORE  Go to: My FX Buddies Blog

After its implementation in Iran\u2026 Is it possible to cancel the dollar exchange rate in Iraq? \u2013 Urgent

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, commented today, Wednesday, about the possibility of canceling the dollar exchange rate in Iraq after implementing this step in Iran.

Saleh said in a statement to (Baghdad Today), that \u201cthe step taken by Iran means its official exit from the dollar area, whether in settling its foreign transactions with the world or in building its foreign reserves, and accordingly, it will deal with all existing international currencies and will allow the circulation of reserve foreign currencies in various forms, except for the United States dollar.

He added, \u201cPerhaps the exchange rate of the Iranian currency will be based in the future on the currency basket system, excluding the dollar, which means Iran will leave the International Monetary Fund system entirely, in addition to the embargo imposed by the United States on Iran since 2011, which stopped any Iran\u2019s dealings with the world in the currency of the United States of America.\u201d