Iraq Ready To Join BRICS After Banning Cash Withdrawals in US Dollar
Iraq ’s Prime Minister Mohammed Shia Al Sudani has informally expressed his interest in joining the BRICS alliance. The development comes a week after Iraq announced a ban on all cash withdrawals in the US dollar. The rule will come into effect on Jan. 1, 2024, as Iraq ’s Central Bank aims to halt the misuse of foreign remittances. Moreover, Iraq is also aggressively pushing the de-dollarization initiatives at par with the BRICS alliance. Also Read: BRICS: China Saves $10 Billion By Purchasing Laundered Oil Days after announcing the US dollar ban, Iraq’s PM Al Sudani confirmed that the country is ready to join BRICS if invited to join the bloc. Al Sudani said on Wednesday that Iraq is willing to join BRICS if the founding countries send an invite. “ Iraq is ready to join the BRICS group if it receives an invitation from the founding countries,” said PM Al Sudani to local channel RT. He added, “ Iraq understands the role played by the...