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Asharq Al-Awsat
Asharq Al-Awsat
World
Baghdad - Fadhel al-Nashmi

Iraq's Central Bank, US Federal Bank Address Electronic Platform Challenges

Iraqi Prime Minister Mohammad Shia al-Sudani chairs an economy in Baghdad (INA)

Officials from the Central Bank of Iraq, the US Federal Reserve Bank and the US Treasury have met in wake of the drop in the Iraqi dinar's value against the US dollar, creating severe fluctuations in the prices of most commodities and foodstuffs.

Economic sources said Washington gave Iraq an additional three months, provided that it adheres to the standards for moving funds and preventing smuggling.

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