The dinar went into a tail spin against the dollar after the New York Federal Reserve imposed tighter controls on international dollar transactions by commercial Iraqi banks in November to hold the illegal sharing of US dollars with Iran…The US is making it clear they will not tolerate violations of US sanctions against Iraq. There appears to be evidence of Iraq funneling large sums of US dollars into private bank account in Iran. This supposedly occurred shorty after the new prime minister was instated...
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