Dollar A Hostage In Washington’s Hands; Impact Of US Economic Hegemony On Iraq
Iraq as an Arab state, which was somehow completely capable of getting rid of the ISIS terrorist group’s threat, nowadays is engaged in economic chaos caused by the United States’ pressures. Iraq has been tasked with transferring all of its oil sale revenues to a bank account in the US! Washington is currently decreasing the value of Iraq’s national currency (Iraqi Dinar) and avoiding payments as a tool in order to utilize Baghdad’s dollars against Iraq itself. The United States imposed several strict sanctions on the Arab nation, including embargo on Iraqi banks and blocking their money as well as rationing of dollars belonging to Iraq, which are kept in the US banks under the excuse of fighting economic corruption in the oil-rich country.
