Iraqi PM walks diplomatic tightrope in crackdown on dollars smuggled to Iran

Published by
Reuters UK

By Ahmed Rasheed BAGHDAD (Reuters) -Under pressure from Washington to stem the flow of dollars into Iran, Iraq’s prime minister sent elite counter-terrorism forces more accustomed to battling Islamist militants to shut down dealers smuggling the currency to the Islamic Republic. Saturday’s raids in Baghdad represent an early test for Prime Minister Mohammed al-Sudani, who took office in October after more than a year of political paralysis and must now tread a delicate diplomatic path. The New York Federal Reserve introduced tighter controls on international dollar transactions by commercial I…

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