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Iraq Could Risk Dollar Access, Oil Marketing if U.S. Troops Out

  • Lawmaker says central bank, top officials spoke this week
  • Baghdad maintains key account at New York Federal Reserve
US troops soldiers Iraq

Photographer: Andrew Caballero-Reynolds/AFP via Getty Images

Iraq’s government could lose access to its dollar account at the Federal Reserve if the Trump administration imposes sanctions, as President Donald Trump has threatened, said Majida Al-Tamimi, a lawmaker on the Iraqi parliament’s financial committee.

Tamimi on Saturday cited information discussed at a meeting with Iraq’s central bank governor and financial officials. The U.S. could exert its influence on certain companies to press for a boycott or to halt activities with companies marketing Iraqi oil, she added. Iraq is OPEC’s number two oil producer.