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Federal Reserve Sends $500M Cash Shipment to Iraq

Guavy AI Editorial Team
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USD
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The US Federal Reserve has sent a new shipment of $500 million in cash to Iraq's central bank. According to an Iraqi official, this shipment is intended for transactions related to travelers and foreign money transfers.

The official stated that the funds will be used with the approval of the Central Bank of Iraq, specifically for travelers' transactions and external remittances.

This development comes after a report by Anadolu, citing the state-run Iraqi News Agency (INA), which mentioned the new cash shipment from the US Federal Reserve to Iraq's central bank.

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