Geopolitics
US Treasury Controls All Iraqi Oil Revenues Through Single American Bank Account
Mario Nawfal Interviews
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"All Iraqi oil revenues must be sent to a single bank account in the United States. And every single month, the Department of Treasury receives basically an invoice from the Iraqis saying what they need money for the next month. and the US decides what they will send to Iraq or not."
The guest reveals that all Iraqi oil revenues are deposited into a single US bank account, with the Treasury Department controlling monthly disbursements based on Iraqi government invoices. The US sends approved funds via pallets of cash on airplanes, which has fueled corruption. Many Iraqis reportedly remain unaware of this arrangement.
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Mario Nawfal Interviews