Washington Cuts Flow Of US Dollars To Iraqi Central Bank Until ‘Acceptable’ Government Formed
Washington Cuts Flow Of US Dollars To Iraqi Central Bank Until ‘Acceptable’ Government Formed
Washington opposes both Mohammad Shia al-Sudani and Nouri al-Maliki for the post of prime minister, which has not been filled for over five months since parliamentary elections
The US has suspended all funding and security coordination with Iraq, and shipments of dollars the Central Bank of Iraq (CBI), until a new Baghdad government acceptable to Washington is formed, Al-Hadath reported on 20 April.
The US is also conditioning continued security cooperation on the disclosure of those involved in the bombing of its embassy, the Saudi news channel added.
Nevertheless, on Monday, the CBI released a statement rejecting the Al-Hadath report.
Since 2003, a decision issued by Coalition Provisional Authority (CPA) head Paul Bremer has required that all Iraqi oil revenues be paid into an account at the US Federal Reserve Bank of New York, giving the US the ability to control how many US dollars are returned to the CBI.
From that point until today, the Iraqi Ministry of Finance has had to submit funding requests to the US Treasury, which then approves or denies them based on its own criteria.
🔗SOURCE ➡️ The Cradle
Related: 1/26 — US Pledges To ‘starve’ Iraq Of Oil Revenue If Pro-Iran Parties Join New Government
11/7/25 — Washington Pushes Back After Iraq Links US Pullout To Resistance Disarmament
11/5/25 — State Department Says US Is Not Withdrawing From Iraq
11/3/25 — US Issues ‘Final Warning’ To Baghdad Over Iraqi Resistance Factions
9/19/25 — Washington Blocks Iraqi Imports Of Turkmen Gas Through Iran
5/2/25 — Iran, Iraq Move Forward With Plans To Boost Trade To $25bn Annually
11/10/24 — Trump looking to ‘drastically throttle’ Iran’s oil sales: Report
10/5/24 — Iran’s Oil Production Nears Pre-Sanctions Levels: Report
9/25/24 — Why Does The US Still Control Every Penny Of Iraqi Oil Revenues?
9/13/24 — Iran Inks 14 Cooperation Agreements With Iraq During Pezeshkian’s First Foreign Trip
8/10/24 — US Troops Return To Oil-rich Kirkuk Despite Talks To Withdraw From Iraq
7/9/24 — Iraq to Receive Turkmenistani Gas via Iran-Built Pipeline
3/29/24 — Iraq Signs Five-Year Natural Gas Deal with Iran
7/26/23 — The End of The PetroDollar, The Rise of BRICS is Here [X] — Full Article — TheMcgwire / @PsyopDaily Original
7/19/23 – US Issues New Sanctions Waiver Claiming to ‘Help’ Iraq Pay For Iranian Gas
…only to sanction 14 Iraqi banks the next day.
7/20/23 — US Bans 14 Iraqi Banks in Crackdown on Iran Dollar Trade
These sanctions on Iraqi banks plays into the same dynamic seen, with the US targeting individual banks in Turkey and the UAE with sanctions, after the nations ignored the US’s threats, I highlighted in my March 2022 series….
….The real question is why should the sovereign country of Iraq … have to beg the US permission to conduct business with its neighbor that is in its own interest?
Somewhere in the answer to that question, is the prime reason for why BRICS is rising.
…7/25/23 — Washington Names Itself ‘Custodian’ of Iraqi Debt Payments to Iran via Oman
And thus, its no wonder the global south is breaking away from US control, when it so often overrides their own interests[and sovereignty]
7/12/23 — Iraq to Trade Crude Oil for Desperately-Needed Iranian Gas
7/5/23 — Iraq Wants to Drop Dollar in Iran Trade to ‘Relieve US Pressure’: Report
”Over the past several months, Iraq has been working to lessen its dependence on the US dollar after Washington implemented several strict measures, including sanctions on Iraqi banks and rationing the dollar supply..”4/6/23 — CIA Director Tells Saudis the U.S. Was Blindsided By Iran Normalization Brokered by China
2/22/23 — Iraq to Allow Trade With China in Yuan – State Media
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