Federal Reserve Praises Development of US Dollar Cash Distribution System in Iraq

Federal Reserve Praises Development of US Dollar Cash Distribution System in Iraq

⁠link to My FX Buddies Blog⁠ https://www.myfxbuddies.com/2025/02/federal-reserve-praises-development-of.html

The Central Bank announced, today, Sunday, the details of its meetings with the US Treasury and the US Federal Reserve.
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The Central Bank stated in a statement received by / Al-Maalouma / agency, that “the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve, which were held in Dubai with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman), ended and the meetings were crowned with praise for the steps taken by the Central Bank of Iraq and the Iraqi government to reform the banking sector.”

He added that "the most important steps that have been taken are the development of the cash distribution system for the US dollar in Iraq, which they considered the most controlled and controlled system in the world, which limits manipulation and smuggling of the US dollar."