The United States holds a powerful financial lever. All of Iraq’s oil revenues are held through the Central Bank of Iraq’s account at the Federal Reserve Bank of New York. This arrangement gives Washington considerable influence over the movement of US dollar into Iraq…Washington stopped the flow of dollars in April of this year. So they’ve already done it once. We believe they will do it again…Businesses need dollars to pay foreign supplier for food, medicine, equipment and other goods…Iraq is not paying for its debt in the IQD. They are paying or their imports in US dollars… The Iraqi dinar could face immediate pressure and…drop in value…weakening confidence in the dinar…The US is serious about their dollars. :Sandy Ingram
