US dollar returns to Iraq with new cash shipment
An Iraqi official source has reported the arrival of a new shipment of cash dollars amounting to 500 million dollars from the U.S. Federal Reserve to the Central Bank of Iraq. This move comes after several months of pause and is part of pressure on the Iraqi government to curb currency smuggling and strengthen oversight over financial transactions. The shipment follows the resumption of deliveries in July and coincides with a government campaign to fight corruption, which included the detention of officials. This shipment is considered a support for Iraq's economy, which heavily relies on cash transactions, aiming to facilitate dealings related to travelers and cross-border remittances.
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