Mmastodon WorldPolitics first seen 2 h ago, last 2 h ago, peak #5
Why does the US control Iraq's oil revenues?
Original: Why does the US control Iraq's oil revenues? https:// lemmy.ml/post/53373286
Discussion is circling around the claim that the United States holds control over Iraq's oil revenues. Iraq deposits much of its oil export income in an account at the Federal Reserve Bank of New York, a legacy arrangement from the occupation era, and withdrawals reportedly require US-linked oversight. Commenters are questioning whether the arrangement continues to compromise Iraqi sovereignty and how Baghdad's government responds to it.
Why now: Renewed debate over the post-2003 arrangement placing Iraqi oil funds under US-based oversight.
United StatesIraqFederal Reserve Bank of New York
Evidence
- Why does the US control Iraq's oil revenues? https:// lemmy.ml/post/53373286 · geneva_convenience@lemmy.ml · 2
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