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The Central Bank of Iraq

The Central Bank of Iraq latest

Iraq Fears Economic 'Collapse' If US Imposes Oil Cash Restrictions
January 15th, 2020 - 06:29 GMT

Iraq Fears Economic 'Collapse' If US Imposes Oil Cash Restrictions

Iraqi officials expressed fear of an economic "collapse" if the US imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps oil revenues that feed 90 percent of the national budget. US President Donald Trump was angered by the Iraqi parliament voting on January 5 to oust foreign forces, including some 5,200 US troops, who have helped local soldiers beat back terrorists since 2014. If troops were ...
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