The Central Bank of Iraq has pushed back on reports claiming the United States suspended dollar flows tied to Iraq’s oil revenues.
Financial expert and former Central Bank official Mohamed Daghir said no official decision has been announced to stop dollar shipments to Iraq.
He described the reports as politically motivated and suggested some claims are being used to influence debate around forming a new government.
Daghir also noted that physical cash shipments from the United States make up only a small share of Iraq’s daily foreign currency needs—about seven percent, according to his estimate.
He said most demand is met through banking transactions, meaning Iraq’s broader dollar supply does not rely solely on cash shipments.
His comments came after media reports suggested Washington was increasing pressure on Iraq through financial and security channels.
In simple terms, the Central Bank’s message is that reports of suspended dollar flows are being denied, and officials say Iraq’s foreign currency needs are largely covered through wider banking channels.
