An Iraqi delegation is arriving in Washington on Wednesday. Its members are desperate for U.S. help in alleviating a crisis threatening Iraq’s national currency, the dinar. The Biden administration should turn a deaf ear.
For over a decade, Iraqi politicians have abused their easy access to U.S. dollars to steal from their people on a historical scale. Even more threatening, successive Iraqi governments have colluded with Iran’s Islamic Revolutionary Guard Corps, the IRGC, to circumvent U.S. sanctions and funnel billions to finance Iran’s nuclear program, terrorism, and regional aggression. Until Iraq cracks down on these activities, Washington should refuse any further complicity in what may be the world’s largest money laundering scheme — one that endangers the U.S. financial system and American lives.
