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US resumed cash shipments to Baghdad: Iraq govt spokesperson
BAGHDAD: The United States has resumed cash shipments to Iraq after a delay, signalling its support for Prime Minister Ali Al-Zaidi’s administration, with the premier expected in Washington later this month, a government spokesperson said Thursday. Iraq’s revenues from oil exports are largely held at the Federal Reserve Bank in New York, under an arrangement reached after the 2003 US-led invasion that toppled former ruler Saddam Hussein. Under the system, payments for oil are made into dollar-denominated accounts in the US which are then either used to pay for imports or flow to Iraq as cash.
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cryptobriefing.com
Iraq limits dollar flow to Iran-linked groups, US resumes currency shipments
Iraq limits dollar flow to Iran-linked groups, allowing U.S. currency shipments to resume. Iran charges Hormuz fees by August 31 at 43% YES.
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Iraq agrees to limit dollar flows to Iran-linked groups as US resumes currency shipments
The US resumed physical dollar shipments to Iraq after a months-long halt, contingent on Baghdad limiting dollar flows to Iran-linked militia groups.
