EPISODE · Jul 9, 2026 · 33 MIN
The Deal Behind Iraq's Dollar Shipments Finally Revealed
from My FX Buddies
A major report from The Wall Street Journal claims Iraq agreed to link to My FX Buddies strengthen financial controls aimed at preventing U.S. dollars from reaching sanctioned groups in exchange for the resumption of American dollar shipments. In this video we discuss: ✅ Why U.S. dollar shipments were suspended ✅ Why they have now resumed ✅ The reported agreement between Baghdad and Washington ✅ New financial safeguards ✅ Banking reforms ✅ U.S. Treasury oversight ✅ Anti-money laundering efforts ✅ Iraq's relationship with the Federal Reserve ✅ Prime Minister Ali al-Zaidi's upcoming Washington visit This story also connects with Iraq's broader banking modernization, financial compliance, investment reforms, and efforts to strengthen international confidence in its financial system. Iraq has reached a major agreement with the United States to block the flow of US dollars to Iran and its allied militias. In return, the Trump administration has resumed shipments of American currency to Baghdad after a four-month suspension. According to The Wall Street Journal, the US Treasury halted dollar deliveries in late February amid the war with Iran. Iraq, facing a severe cash liquidity crisis due to halted oil exports, agreed to implement stricter controls on currency exchange companies and prevent payments to pro-Iranian armed groups. This development is part of broader US efforts to pull Iraq closer to Washington following the regional conflict. Key points: • US suspended $500M+ cash shipments to Iraq • Dollar deliveries resumed late last month • Iraq promises new safeguards against dollar smuggling to Iran If you follow Iraqi dinar news, Iraq banking reforms, U.S.–Iraq relations, Central Bank updates, or Middle East economic developments, this is an important story to watch.
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The Deal Behind Iraq's Dollar Shipments Finally Revealed
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