Iraq aims to bolster its economic prospects by facilitating the transportation of both gas and goods to international markets Iraq, a prominent OPEC oil producer, is contemplating the construction of a gas pipeline connecting to Europe as a component of its multi-billion-dollar project, which also involves the establishment of a rail link to Turkey. Yunus Al-Kaabi, Direct
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The World Bank identified an error in the reporting of debt data for 2022 and projections for ensuing years reported in the recently published Iraq Economic Monitor (IEM) Spring/Summer 2023 issue. As a result, the debt-to-GDP ratio in 2022 was corrected from 53.8 percent to 40.8 percent and remains on a downwards trend. The report was corrected, and a revised version was publis
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Summary U.S. Treasury sees 'continued risk' at Iraqi banks U.S. blacklisted 14 banks in July for illicit dollar use Enhanced U.S. scrutiny targets Iran, financial crimes Treasury official says Iraq must act to avoid censure Official sees 'progress' with PM Sudani's government BAGHDAD, Sept 14 (Reuters) - Iraq's central bank must address continued risks of the
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Baghdad (IraqiNews.com) – A top US Treasury official warned that the Central Bank of Iraq (CBI) must address ongoing threats of dollar abuse at Iraqi commercial banks to prevent further repercussions against the financial sector in Iraq. According to Reuters, the official talked about fraud, money laundering, and the avoidance of sanctions imposed on Iran as examples. The
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Baghdad (IraqiNews.com) – The financial advisor to the Iraqi Prime Minister, Mazhar Salih, confirmed on Thursday that a possible agreement could be reached with Iran to use foreign currencies other than the US dollar to settle commercial transactions between the two countries. Saleh said that the use of an international means of payment other than the US dollar and a transpa
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