Washington Sanctions Against Iran: Baghdad to Stop Trading with Tehran in US Dollars

Baghdad will have to halt its usage of the US dollar in the financial transactions with Tehran over the western country’s sanctions against Iran, Sputnik quoted Iraqi government’s spokesperson on Thursday.

“The sanctions will influence, first of all, money transfers and banking operations in the US dollar. The sides will not use the US dollar,” al-Hadithi told Sputnik.

The spokesperson noted that the move would affect the trade between the two countries.

The government, in Baghdad, would try to find a new mechanism so as to support trade relations with its neighboring state, the official added.

The US on Tuesday announced a number of sanctions against Iran, which were lifted since the Iran nuclear deal in 2015. Source