- US could shut off Iraq’s access to Federal Reserve Bank of New York
- Account there is used to collect revenue from Iraq’s sale of oil overseas
- Without the central banking access Iraq’s economy could quickly collapse
- Iraq’s parliament has called for US troops to withdraw from the country
The Trump administration has threatened to shut off Iraq’s access to a key central banking account if U.S. troops are forced to with drawn from the country, according to a new report.
The State Department warned that Iraq’s access to its main account at the Federal Reserve Bank of New York could be shut off if the Iraqi government asks American troops to leave, Iraqi officials told the Wall Street Journal.
The account is used to collect revenue from Iraq’s overseas oil sales, and shutting off access to it could quickly cripple the country’s economy and its government’s ability to provide basic services. Läs artikel