If Iraq were to lose access to its accounts with the Federal Reserve Bank of New York, it would curtail Baghdad's ability to access the funds in them triggering a shortage of foreign exchange vital to the functioning of Iraq's already fragile economy[File; Carlo Allegri/Reuters]
Daily Mail: Trump administration threatens to cut off Iraq's access to key central bank account if US troops are forced to withdraw from the country
* US could shut off Iraq's access to Federal Reserve Bank of New York
* Account there is used to collect revenue from Iraq's sale of oil overseas
* Without the central banking access Iraq's economy could quickly collapse
* Iraq's parliament has called for US troops to withdraw from the country
The Trump administration has threatened to shut off Iraq's access to a key central banking account if U.S. troops are forced to with drawn from the country, according to a new report.
The State Department warned that Iraq's access to its main account at the Federal Reserve Bank of New York could be shut off if the Iraqi government asks American troops to leave, Iraqi officials told the Wall Street Journal.
The account is used to collect revenue from Iraq's overseas oil sales, and shutting off access to it could quickly cripple the country's economy and its government's ability to provide basic services.
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WNU Editor: This is what I call the US putting a gun to the Iraqi government's head.
More News On The White House Warning Iraq that It Would Cut-Off Its Access To It's Federal Reserve Account If US Troops Are Forced To Withdraw
Trump administration warns Iraq could lose New York Fed account if US troops forced to leave: WSJ -- CNBC
The US warned Iraq that its access to a key bank account holding billions is in jeopardy if the country expels American troops -- Business Insider
U.S. Warns Iraq It Risks Losing Access to Key Bank Account if Troops Told to Leave -- Wall Street Journal
Iraq warned to keep US troops or risk financial blow-WSJ -- Al Jazeera
