The U.S. is delaying the release of money belonging to several Arab sovereign funds, despite the urgent need of their owners.
https://x.com/Eng_china5/status/2046920880840949987
The United States is Withholding Arab Funds
The U.S. is delaying the release of money belonging to several Arab sovereign funds, despite the urgent need of their owners.
These funds come from the oil and gas revenues of wealthy Arab states and are deposited in American banks.
Officials from these countries are currently in Washington, attempting to persuade the U.S. administration to allow the withdrawal of part of these assets.
In a related development, and according to U.S. media outlets such as The Wall Street Journal and Alhurra TV, the U.S. Treasury recently blocked the delivery of a cash shipment worth roughly $500 million in U.S. banknotes.
This money originates from Iraqi oil revenues held in accounts at the Federal Reserve Bank of New York.
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posted by Satish Sharma at
03:58
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