US plans to seize Iraqi assets worldwide

Funds held worldwide by the Iraqi government will be seized and transferred to the New York Federal Reserve for holding. This includes money held under the names of the Central Bank of Iraq and the State Organization for Marketing Oil.

Source: BBC

The United States has said it will seize all Iraqi assets being held in American banks.

The threat came as Treasury Secretary John Snow launched what he called a "worldwide hunt for blood money".

"The United States calls today upon the world to identify

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.