Iraq has decided to stop using the Chinese yuan for financial transactions following a directive from the US Federal Reserve, citing concerns over potential manipulation and other issues with some transfers, a parliamentary finance committee member revealed to Al Forat News on July 11. “The US Federal Reserve has mandated Iraq to cease dealing in the Chinese yuan, alleging irregularities and certain problems in transactions,” said Moeen Al-Kadhimi in a press statement. “Many decisions by the Central Bank of Iraq are imposed by the US Federal Reserve,” he added. Al-Kadhimi explained that Iraq’s…