EPISODE · May 2, 2025 · 33 MIN
Are Iraqi Banks in Trouble? US Sanctions, Iran & a Brewing Financial Storm
from My FX Buddies · host Tish Washington
Washington leans on Iraqi banks to choke Iran's dollar supplylink to My FX Buddies Blogf you 'd like to support My FX Buddies:https://cash.app/$tishwashGet a free transcript at https://rss.com/podcasts/myfxbuddies/In this video, we dive into the escalating financial tensions between the United States, Iraq, and Iran — and how Iraq’s banking system has become the front line.With over 34 of Iraq’s 44 private banks under US sanctions, Washington is tightening its grip to halt Iran’s access to international dollar markets — and Iraqi lenders are in the crosshairs. From alleged money laundering operations to militia financing and political pressure, this developing financial saga has wide-reaching implications for Iraq’s economy and sovereignty.We break down:Why the US is cracking down on Iraqi banksThe alleged daily flow of $300 million to IranHow private and state-owned Iraqi banks are involvedThe role of militias and political factionsWhat’s next for Iraq’s financial system and dollar access💬 Do you think Iraq can reform its banking system while under pressure from both the US and Iran-backed groups? Drop your thoughts in the comments below.🔔 Don’t forget to subscribe and hit the notification bell for more Middle East finance and policy updates.
What this episode covers
Washington leans on Iraqi banks to choke Iran's dollar supplylink to My FX Buddies Blogf you 'd like to support My FX Buddies:https://cash.app/$tishwashGet a free transcript at https://rss.com/podcasts/myfxbuddies/In this video, we dive into the escalating financial tensions between the United States, Iraq, and Iran — and how Iraq’s banking system has become the front line.With over 34 of Iraq’s 44 private banks under US sanctions, Washington is tightening its grip to halt Iran’s access to international dollar markets — and Iraqi lenders are in the crosshairs. From alleged money laundering operations to militia financing and political pressure, this developing financial saga has wide-reaching implications for Iraq’s economy and sovereignty.We break down:Why the US is cracking down on Iraqi banksThe alleged daily flow of $300 million to IranHow private and state-owned Iraqi banks are involvedThe role of militias and political factionsWhat’s next for Iraq’s financial system and dollar access💬 Do you think Iraq can reform its banking system while under pressure from both the US and Iran-backed groups? Drop your thoughts in the comments below.🔔 Don’t forget to subscribe and hit the notification bell for more Middle East finance and policy updates.
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Are Iraqi Banks in Trouble? US Sanctions, Iran & a Brewing Financial Storm
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