Iraq’s Oil Money & the U.S. Dollar – What You Need to Know 🇮🇶💵

The majority of Iraq's financial assets are in US dollars. Al-Sudani's advisor discusses linking Iraqi banks to US banks.link to My FX Buddies Blog

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Iraq is doubling down on its integration with the global banking system—specifically through stronger ties with U.S. commercial banks. 🇺🇸💰 In this video, we break down a major update from Mazhar Mohammed Salih, financial advisor to Prime Minister Al-Sudani, about Iraq's strategic decision to link national banks with multiple leading American banks.

🔍 What you’ll learn in this video:

• Why Iraq's oil wealth ties it to the U.S. dollar

• How linking to U.S. banks will reduce transaction costs

• What it means for Iraq’s investment, trade, and development sectors

• How this move impacts Iraq’s economy and global positioning

This development isn't just about finance—it's about sovereignty, modernization, and economic stability in a shifting global economy.

📈 Iraq is aiming to:

• Improve banking transparency and governance

• Streamline foreign trade and investment

• Embrace advanced digital banking standards

• Strengthen economic stability through global integration

👉 Whether you're an investor, economist, or simply interested in Iraq's future, this video will help you understand where the country is headed next.

🔗 Stay tuned, subscribe, and hit the bell so you don’t miss more real-time updates on Iraq’s financial transformation.