{"id":1836005,"date":"2023-02-05T11:05:56","date_gmt":"2023-02-05T16:05:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1836005"},"modified":"2023-02-05T11:07:18","modified_gmt":"2023-02-05T16:07:18","slug":"iraqi-currency-crash-halts-after-meeting-with-u-s-treasury-official","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/iraqi-currency-crash-halts-after-meeting-with-u-s-treasury-official\/","title":{"rendered":"Iraqi Currency Crash Halts After Meeting With U.S. Treasury Official"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Firaqi-currency-crash-halts-after-meeting-with-u-s-treasury-official%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1836005&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/02\/Central-Bank-of-Iraq-GettyImages-1246745036-1200x800-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<p>BAGHDAD\u2014<a href=\"https:\/\/www.theepochtimes.com\/t-iraq\">Iraq<\/a>\u2019s currency ended its nosedive after a meeting between the Iraqi Central Bank head and a top U.S. Treasury official.<\/p>\n<p>Brian E. Nelson, Under Secretary of Treasury for Terrorism and Financial Intelligence, stated in a statement Saturday that Ali al-Allaq, Governor of Central Bank of Iraq, had met him in Istanbul the previous day \u201cto discuss banking sector reforms and a mutual commitment to anti-money laundering and countering the financing of terrorism.\u201d<\/p>\n<p>He praised Iraq\u2019s \u201csteadfast dedication\u201d to improve compliance with international standards \u201cand offered continued cooperation in modernizing the banking sector,\u201d According to the statement.<\/p>\n<p>Measures taken by the United States in recent months to stamp out money laundering and the channeling of dollars to Iran and Syria from Iraq have severely restricted Iraq\u2019s access to hard currency.<\/p>\n<p>Since the U.S. invasion of Iraq in 2003, Iraq\u2019s foreign currency reserves have been housed at the United States\u2019 Federal Reserve, giving the Americans significant control over Iraq\u2019s supply of dollars.<\/p>\n<p>At street exchanges across Iraq, the Iraqi dinar dropped to about 1,750 dollars per dollar on Thursday. This is compared to its official rate of 1,460 dinars to $1. Protests have been held and there are fears about inflation due to the currency&#8217;s devaluation.<\/p>\n<p>The currency began to halt its slide after Iraq\u2019s Central Bank said in a statement Friday evening that the Treasury had \u201cexpressed its readiness for the necessary flexibility to achieve common goals.\u201d On Saturday, the dinar traded at approximately 1,600 dinars per dollar.<\/p>\n<p>Next Friday, a delegation of Iraqi officials will travel to Washington.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BAGHDAD\u2014Iraq\u2019s currency ended its nosedive after a meeting between the Iraqi Central Bank head and a top U.S. Treasury official. Brian E. Nelson, Under Secretary of Treasury for Terrorism and Financial Intelligence, stated in a statement Saturday that Ali al-Allaq, Governor of Central Bank of Iraq, had met him in Istanbul the previous day \u201cto &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1836008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[6444,13703,4372,3943,4470,4808,3778,7238],"class_list":["post-1836005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-crash","tag-currency","tag-halts","tag-iraqi","tag-meeting","tag-official","tag-treasury","tag-u-s"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1836005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1836005"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1836005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1836008"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1836005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1836005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1836005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}