Iraq Tightens Financial Controls to Curb Dollar Flow to Iran-Backed Militias
Iraq has agreed to tighten financial controls to prevent U.S. dollars from reaching Iran-backed militias, prompting Washington to resume billions in cash deliveries after a four-month pause.
According to a Wall Street Journal report, Iraq has committed to stricter financial oversight aimed at stopping U.S. dollars from flowing to Iran-backed militias. In response, Washington has ended a four-month pause on cash deliveries worth billions of dollars.
The agreement requires Iraq to crack down on currency exchanges and salary payments that have been exploited by militias to circumvent U.S. sanctions. The move is intended to close loopholes used to bypass restrictions on Iran.
Source: First Squawk