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Iraq Says US Agrees to Continue Cash Dollar Shipments
The shipment will replenish foreign-exchange reserves and support domestic liquidity after Iraq tightened oversight of dollar distribution, officials said.
- On Saturday, Iraq reached an understanding with the United States to continue physical dollar shipments to Baghdad, with a new delivery expected in the coming days, government spokesperson Haider Al-Aboudi confirmed.
- Earlier this year, Washington paused cash shipments to press Baghdad over attacks by Iran-backed armed groups, halting a shipment of roughly $450 million in April.
- The agreement follows Iraqi efforts to improve regulatory control, including enhanced transparency through the electronic trading platform, to access oil revenues held at the Federal Reserve Bank of New York.
- This cash injection arrives at a critical time for parallel currency markets, where the dinar has steadily recovered toward the 157,000 range per $100 after trading near 160,000 earlier in September.
- Following meetings in New York between Iraqi Prime Minister Ali Faleh Al-Zaidi and President Donald Trump, high-level diplomatic contacts helped unblock logistical pipelines governing foreign currency transfers to the Central Bank.
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BizTocIraq Says US Agrees To Continue Dollar Cash Shipments
Iraq said Saturday that it had reached an […]
·New York, United States
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Coverage Details
Total News Sources20
Leaning Left2Leaning Right4Center3Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 22%
C 33%
R 45%
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