The Central Bank of Iraq denies the US Federal Reserve’s refusal to send the country’s oil dues
The Central Bank of Iraq denies the US Federal Reserve’s refusal to send the country’s oil dues
2023-10-07 09:12
Shafaq News/ The Central Bank of Iraq confirmed on Friday that the dollar shipments sent by the US Federal Bank are proceeding according to a specific schedule and timings agreed upon between the two monetary institutions.
He added in a statement received by Shafaq News Agency: Thursday, the shipment was received on time, denying news and media reports that talk about stopping or reducing shipments sent to the bank.
The Central Bank of Iraq called on the media to be accurate in publishing information related to monetary policy in Iraq and to take it from its approved sources through the official website and official accounts on social media sites.
Washington rejected Iraq’s request to obtain one billion dollars in cash from the Federal Reserve Bank, under the pretext that it conflicts with their efforts to curb Baghdad’s use of the dollar and stop illicit cash flows to Iran, according to the American newspaper “The Wall Street Journal.”
The American newspaper quoted American officials as saying, “The banknotes in the hands of Iraqis have become a lucrative source of illicit dollars that return to militias and corrupt politicians, as well as to Iran.”
shafaq.com
