rki.news | Sources Anadolu
BAGHDAD, Sept. 27 — Iraq and the United States have agreed to resume dollar cash shipments to Iraq after a months-long suspension, an Iraqi government spokesman said Saturday.
Government spokesman Haider al-Aboudi told the official Iraqi News Agency that the agreement was reached during Prime Minister Ali Faleh al-Zaidi’s visit to the United States.
He said a new shipment was expected to arrive in Baghdad within days to help meet domestic demand for foreign currency. He did not disclose the shipment’s value or exact delivery date.
Al-Aboudi said the agreement followed Iraqi measures to strengthen oversight of dollar distribution, prevent misuse of foreign currency and expand electronic payments as the country moves toward a more digital economy.
The United States suspended dollar cash shipments to Iraq in April, including a consignment estimated at about $500 million, as Washington pressed Baghdad to address concerns over Iran-backed armed groups.
Dollar shipments remain important to Iraq’s largely cash-based economy. The country’s foreign currency reserves are held in an account at the Federal Reserve Bank of New York.
Iraq, US Agree to Resume Dollar Cash Shipments
