according to an official in his office, that also touched on the overall military, political and financial partnership between the two countries.
When Iraq needs hard currency, its central bank can request a shipment of bills that it then distributes into the financial system through banks and currency exchange houses. .
said Shwan Taha, chairman of Iraqi investment bank Rabee Securities.
The potential economic and financial fallout is weighing on Iraqi officials
said a senior Iraqi politician.
The country’s when the U.S. suspended access for several weeks to the central bank’s account at the New York Fed over concerns the cash was filtering through a loosely regulated market into Iranian banks and to the Islamic State extremist group.
The New York Fed doesn’t publicly disclose how much money it currently holds for Iraq’s central bank. But
The last few years have seen the Iraqi banking system devastated...
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An adviser to the prime minister, Abd al-Hassanein al-Hanein, said that while the threat was a concern, he did not expect the U.S. to go through with it.
Perhaps that is why Iraq has been building its de-dollarizing, gold reserves for the last few years...
So, after a year of desperately proclaiming that "The Fed is not political," it turns out that, in fact, The Fed is extremely geopolitical - we look forward to hearing the Left defend The NY Fed's "independent" decision to potentially cripple Iran's entire financial system.https://www.zerohedge.com/geopolitical/if-us-does-itll-lose-iraq-forever-trump-threatened-cut-baghdads-access-its-ny-fed-cash