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Sanctions motivate Iran to control Iraq?

U.S. Says Iraqis Are Skirting Sanctions With Help for Iran
Published: August 18, 2012 4 Comments

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Thanks to Iraq’s growing oil revenue, the Iraqi central bank has about $60 billion in foreign exchange reserves, held in accounts at the Federal Reserve Bank of New York, with which to meet the insatiable demand for dollars. But the new flight of dollars out of Iraq is prompting criticism of the central bank and of the Iraqi government.
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The accusations of high-level Iraqi government involvement in sanctions-busting have roiled Iraqi politics and invariably reflect on Mr. Maliki, since many Iraqi officials now say that he has taken effective control of the Iraqi central bank, which is nominally independent.

“We want to question the central bank and the banks that are involved,” Ali al-Sachri, a member of Parliament, said in an interview. Mr. Salih acknowledged the huge dollar transfers and said that they threatened the economic stability of Iraq by depleting the country’s foreign reserves. He said that “in order to prevent the economy from collapsing, we should put an end to this illegal flow of dollars outside Iraq.”

He said the large-scale money laundering was probably being helped by “some corruption that requires the government to investigate,” but he defended the actions of the central bank, saying that it does “not have the capability to watch everything.”

Several American and Iraqi banking and government officials also say that Iranian organizations have gained effective control over at least four Iraqi commercial banks through Iraqi intermediaries. That gives Iran direct access to the international financial system, supposedly denied to Tehran by the economic sanctions. Even as the United States has moved to tighten the vise against Iran this summer, the

========NH:
So the sanctions then are giving urgent motivation for Iran to infiltrate and control Iraq, whereas, had Iran been left to it’s own devices, alternate suitors for the attention of Iraqi bankers, etc. might have had more of a chance?
=======NH//

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