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Iraq's central bank must address continued risks of the misuse of dollars at Iraqi commercial banks to avoid new punitive measures targeting the country's financial sector, a top U.S. Treasury ...
On 19 December 2020, Iraq's Central Bank devalued the dinar by 24% to improve the government's revenue, which was affected by the COVID-19 pandemic and low oil prices. [12] On 2 March 2019, the Central Bank's indicative exchange rate was IQD 1,190 = US$1.
The 14 July Revolution, also known as the 1958 Iraqi military coup, was a coup d'état that took place on 14 July 1958 in Iraq, resulting in the toppling of King Faisal II and the overthrow of the Hashemite-led Kingdom of Iraq.
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 the fall of Saddam Hussein's government, the Central Bank of Iraq was established as Iraq's independent central bank by the Central Bank of Iraq Law 2004, with authorised capital of 100 billion dinars. [12] According to the law, 100% of the bank's capital stock would be held by the State and would not be transferable. [13]
The Coalition Provisional Authority (Arabic: سلطة الائتلاف المؤقتة, romanized: Sultat Alaitilaf Almuaqata; Kurdish: دەسەڵاتی کاتی هاوپەیمانی, romanized: Desteya Demkî ya Hevbendiyê, abbr. CPA) was a transitional government of Iraq established following the invasion of the country on 19 March 2003 by U.S.-led Coalition forces.
The Reagan administration generally supported Iraq during the Iran–Iraq War, despite Iraq's extensive use of chemical weapons against post-revolutionary Iran.In response to reports of further Iraqi chemical attacks against its Kurdish minority after the end of the war with Iran, in September 1988 United States (U.S.) senators Claiborne Pell and Jesse Helms called for comprehensive economic ...
He also thanked the Iraqi security forces for remaining impartial during the clashes. Following Sadr's speech, Hadi al-Amiri, leader of the pro-Iranian Hushd militia group, issued a statement calling for "dialogue." [2] There were also reports of protests throughout Iraq, including in the provinces of Basra, Dhi Qar, Maysan and Muthanna. [9]