The Fed and US Gov keep talking as if they work for the Central Bank of Iraq,
which ++ probably constructed, following the US invasion in 2003.
>>149063509 (4plebs/pol) (Q137) Q(inverse of fine structure constant)
From wiki:
After the 2003 invasion of Iraq and Saddam Hussein's downfall, the Central Bank of Iraq was established as Iraq's independent central bank by the Central Bank of Iraq Law 2004, with authorised capital of 100 billion dinars. According to the law, 100% of the bank's capital stock would be held by the State and would not be transferable.
https://www.cnbc.com/id/45031100
That's because the government of Iraq continues to pour the proceeds of its newly
refurbished oil industry into its accounts at the Fed in New York. In April, the Iraqi
government informed the UN security council that it was going to open a new account at the
Fed to replace the Development Fund for Iraq account that had been established years
earlier. Baghdad will continue to operate a second account, called the 'Oil Proceeds
Receipts Account' that serves as a cash reserve for the Iraqi Central Bank, supporting the
Iraqi currency.
The New York Fed is experienced at this sort of thing—it also holds billions in reserves for
a slew of other countries around the world. [28]The New York Fed's website explains that it
offers custodial accounts for foreign government cash and 'vault services' services for
their gold. The Fed invests the money in 'overnight repurchase agreements, or [29]U.S.
Treasury and agency securities.