Economics
Iraq Could Risk Dollar Access, Oil Marketing if U.S. Troops Out
- Lawmaker says central bank, top officials spoke this week
- Baghdad maintains key account at New York Federal Reserve
Photographer: Andrew Caballero-Reynolds/AFP via Getty Images
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Iraq’s government could lose access to its dollar account at the Federal Reserve if the Trump administration imposes sanctions, as President Donald Trump has threatened, said Majida Al-Tamimi, a lawmaker on the Iraqi parliament’s financial committee.
Tamimi on Saturday cited information discussed at a meeting with Iraq’s central bank governor and financial officials. The U.S. could exert its influence on certain companies to press for a boycott or to halt activities with companies marketing Iraqi oil, she added. Iraq is OPEC’s number two oil producer.