"The PMO got a call threatening that if US troops are kicked out, 'we' - the US - will block your account at the Federal Reserve Bank in New York," one official said.Parliament's vote to oust the troops was triggered by outrage over a US drone strike on Baghdad two days earlier that killed top Iranian general Qasem Soleimani and his Iraqi right-hand-man, Abu Mahdi al-Muhandis.
Iraq is OPEC's second-biggest crude producer and more than 90 percent of the state budget, which reached US$112 billion in 2019, derives from oil revenues. "We're an oil-producing country. Those accounts are in dollars. Cutting off access means totally turning off the tap," the first Iraqi official said.
Blocking the Iraqi central bank's Fed account could be done by blacklisting a government body, which would immediately restrict Baghdad's access to dollars. Relations then took a nosedive with the Jan 3 US drone strike that killed Soleimani and Muhandis, a senior Iraqi paramilitary figure.
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