US Fed Ships $500m Cash to Central Bank of Iraq

By John Lee.

A shipment of $500 million in cash has arrived in Iraq from the US Federal Reserve, destined for the Central Bank of Iraq (CBI).

According to the state-run Iraqi News Agency (INA), an official source confirmed the delivery, stating that the funds will be used for transactions related to travellers and external remittances, subject to CBI approval.

(Source: Iraqi News Agency)

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