Washington pledges to continue providing dollar services to Iraq
Washington pledges to continue providing dollar services to Iraq
2023-12-24 03:39
Shafaq News/ The American Ambassador to Baghdad, Alina Romanski, pledged on Sunday that her country would continue providing dollar services to Iraq.
Romanowski wrote in her account on the “X” platform, viewed by Shafaq News Agency, that “the US Treasury Department continues its cooperation with the Central Bank of Iraq,” noting that “many Iraqi banks have formed relationships with international banks for the first time, which is a positive step in achieving Progress in banking sector reform.
She concluded by saying, “We will continue to provide US dollar services to Iraq in the interest of economic stability.”
On Wednesday, November 29, 2023, the American newspaper “The Wall Street Journal” revealed that 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.
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.”
The Central Bank of Iraq confirmed at the beginning of last October that dollar shipments sent by the US Federal Bank were proceeding according to a specific schedule and timings agreed upon between the two monetary institutions.
shafaq.com
