Iraq to Maintain USD Shipments

Iraq and the United States have reached an understanding to ensure the continued shipment of cash dollar payments to Iraq after a halt lasting several months. A new batch is expected to arrive in the coming days. These shipments, which pertain to oil revenues deposited with the Federal Reserve Bank in New York, aim to support the demand for U.S. currency to meet needs for travel, medical treatments, and education abroad. Washington had stopped a shipment worth $500 million in April 2026 as part of pressure measures on Baghdad, but the resumption of shipments began in July. It is expected that the inflows will increase annually between $8 billion and $10 billion.

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