STANDARD
ECONOMIC
UNVERIFIED
US Resumes Currency Transfers to Iraq Following Suspension Linked to Iranian-Backed Militia Smuggling
Jul 02, 2026 06:14 AM CT
Baghdad, Iraq
economic warfare, sanctions, iran-backed militias, us-iraq relations, currency smuggling
Summary
The United States has resumed the transfer of US currency to Iraq after a temporary suspension. The suspension was reportedly triggered by the smuggling of US dollars by Iranian-backed militias in Iraq, highlighting ongoing economic friction and illicit financial networks linked to Iran's proxy forces in the region.
Full Content
The report cited an Iraqi Kurdish official who attributed the measures as a response to the smuggling of US dollars by Iran-backed Iraqi militias.
Sources (1)
T3
Jerusalem Post
50% reliable
Link
Actor Responses
United States
NEUTRAL
Resumed currency transfers to Iraq after a suspension period.
Iran
NEUTRAL
Backed Iraqi militias involved in smuggling US dollars, prompting the initial suspension.