Iraqi Currency Crash Halts After Meeting With US Official

This aerial view shows the headquarters of the Central Bank of Iraq (CBI), designed by the late architect Zaha Hadid, on the banks of the Tigris river in the capital Baghdad, on Feb. 2, 2023. AFP via Getty Images

BAGHDAD—Iraq’s currency ended its nosedive after a meeting between the Iraqi Central Bank head and a top U.S. Treasury official.

Under Secretary of the Treasury for terrorism and financial intelligence Brian E. Nelson said in a statement Saturday that he had met with Central Bank of Iraq Governor Ali al-Allaq in Istanbul the day before “to discuss banking sector reforms and a mutual commitment to anti-money laundering and countering the financing of terrorism.”