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Still, Iraqi officials say the measures have led to a dollar shortage, which has led the Iraqi dinar to change hands at more than 1,500 per dollar in the unofficial market in recent months, up to ...
Iraq's central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury officials in efforts to combat money laundering ...
The Iraqi dinar [a] (code: IQD) [2] is the currency of Iraq. The Iraqi dinar is issued by the Central Bank of Iraq (CBI). On 7 February 2023, the exchange rate with the US dollar was US$1 = 1300 dinars.
Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations) from attachment as well.
After World War I and the dissolution of the Ottoman Empire, Iraq's monetary system was administered by the British Mandate of Mesopotamia until 1931, when the Iraq Currency Board was established in London to issue the new Iraqi dinar and maintain its reserves. The Iraq Currency Board pursued a "conservative monetary policy, maintaining very ...
BAGHDAD (Reuters) -The United States and Iraq have reached an understanding on plans for the withdrawal of U.S.-led coalition forces from Iraq, according to multiple sources familiar with the matter.
Endemic corruption pervades Iraq's oil and gas sectors, which still accounts for more than 99 percent of the country's exports and 85 percent of the government's budget. [2] The Iraqi economy is predominantly a cash economy, making it almost impossible to trace the amount or the path the money follows. [3]
Iraq urged countries on Monday to repatriate their citizens from a sprawling camp in Syria housing tens of thousands linked to the extremist Islamic State group, saying it has become a “source ...