Trump administration halts shipments of U.S. cash to Iraq

""They know that dollar shipments are Iraq's only gateway to foreign currency. If they stop, the Iraqi government will collapse.""

"The halt in deliveries affects only a portion of the funds regularly transferred from the United States, representing about 5 percent of the total."

"The regular infusions of U.S. cash are used to prop up Iraq's currency, the dinar, and officials fear disastrous implications for the economy."

"The pause has roiled the government in Baghdad, with officials increasingly worried about the extent of leverage the Trump administration has over oil revenue."

The Trump administration has halted approximately $500 million in U.S. currency deliveries to the Iraqi government amid rising tensions regarding Iranian-aligned militias. This suspension affects a small portion of funds from Iraqi oil sales, which are crucial for Iraq's economy. Iraqi officials express concern over the leverage the U.S. holds over their oil revenue, vital for the country's income. The stoppage could have severe implications for Iraq's fragile economy, as U.S. cash supports the dinar's value.

Read at The Washington Post