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Baghdad - Asharq Al-Awsat

FORGOTTEN HISTORY: Did us dollar restrictions in iraq affect tehran | History Defined

Tehran United States Iraq Iran New York Federal Reserve Coordination Framework

An exchange shop in central Baghdad (AP)

A senior Iraqi government financial official said that the aim of the US restrictions imposed on selling dollars to banks and merchants is purely political and chiefly aims to curb the smuggling of hard currencies abroad, especially to Iran.

The New York Federal Reserve had introduced tighter controls on international dollar transactions by commercial Iraqi banks in November.

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