US agrees to continue physical dollar cash shipments, Iraqi government says
.
Iraq said Saturday that it had reached an agreement with the United States to continue shipments of physical US dollars to Baghdad, with another delivery expected within days, after Washington disrupted the flow earlier this year as it pressed the Iraqi government over Iran-backed armed groups and illicit dollar transfers.
Iraq keeps more than $100 billion in reserves in the United States, giving Washington substantial influence over Baghdad’s access to physical dollars.
Iraqi government spokesperson Haider al-Aboudi said the understanding was reached during Iraqi Prime Minister Ali Faleh al-Zaidi’s visit to the United States and would help Iraq meet legitimate demand for foreign currency.
“A new shipment will arrive in the coming days,” al-Aboudi said
Comments
Post a Comment