American cash is flowing to ISIS and Iran from the Fed
The cash shipments went from $3.85 billion in 2012 to $13.66 billion in 2014, raising eyebrows in the US, The Journal reported, adding that officials were worried that Iraqis were hoarding dollars rather than circulating the currency in the economy.
The US also suspects that money was being sent to three sanctioned banks in Iran as well as ISIS militants, according to The Journal. Iraqi officials reportedly confirmed that money had gone to ISIS through currency auctions.
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