US Dollar Cash Shipments to Resume in Iraq Following PM's Washington Visit

Haidar Al-Aboudi, the Iraqi government’s official spokesman, confirmed that Prime Minister Ali Al-Zaidi has secured agreements with Washington to maintain the flow of physical dollar currency into the country. The announcement indicates that a fresh shipment is expected to reach Baghdad within the coming days.

Outcomes of Diplomatic Engagement

In an interview with the Iraqi News Agency (INA), Al-Aboudi stated that these understandings resulted directly from the Prime Minister’s recent visit to the United States. The primary objective of the negotiations was to ensure the continued supply of hard currency to meet legitimate foreign exchange demands across the nation.

The government representative explained that the resumption of cash transfers reflects progress made by Iraq in strengthening oversight mechanisms for dollar distribution. Authorities have implemented stricter regulations on how the currency is used, aiming to curb any misuse of foreign funds within the financial system.

Shift Toward Digital Payments

Al-Aboudi noted that the state is actively expanding the adoption of electronic payment methods as part of a gradual transition toward a digital economy. This strategic move complements the regulatory efforts to monitor and manage the physical circulation of dollars more effectively.

Recent Currency Supply Timeline

Physical dollar shipments to Iraq had been suspended for several months prior to their restart in July. Following this resumption, the central bank received a specific tranche of 500 million dollars from the US Federal Reserve in August, marking a significant step in normalizing financial flows between the two nations.