Iraq could lose access to its Federal Reserve Bank of New York account in which it keeps revenues from oil sales if Baghdad forces American troops to leave, the Donald Trump administration has warned according to reports.
This would affect an already fragile Iraq economy. According to a 2018 financial statement from the Central Bank of Iraq, almost $3 billion were lying in their Fed account.
Trump has been threatening sanctions on Iraq as it has asked US troops to leave the area after a US strike killed top Iranian commander Qasem Soleimani and the deputy head of Iraq’s Hashed al-Shaabi military