Quest for Good Money… Past, Present and Future
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ERBIL, Kurdistan Region - The financial advisor to Iraq’s prime minister on Wednesday stressed the need for all internal transactions to be conducted using the Iraqi dinar, telling Rudaw that using anything other than the national currency is a disrespect to the state’s sovereignty. The Iraqi dinar has been losing value against the US dollar for several months, leading to a
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Iraq has once again been hit by US financial restrictions, this time aimed at restricting specific banks and individuals from trading in the Central Bank of Iraq (CBI)’s daily currency auctions. The timing of these economic measures can in part be attributed to increased tensions between the US and Iran, that are once again being played out in Iraq. However, the elites targeted
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Attempts to control a monetary crisis have had unintended consequences for a country struggling to get back on its feet By Raya Jalabi in Sulaimaniya, Iraq Iraq is struggling to control a crippling currency crisis that has roiled the country for months, underlining the fragility of its oil-dependent economy 20 years on from the US-led invasion. Ali Mohsen al-All
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Authors: Andrés Arauz, Rami Kiwan, Nihal El Aasar, Mohamed El Dahshan, Barik Schuber In 2021, the IMF issued and distributed $650bn worth of Special Drawing Rights (SDRs) during the COVID-19 pandemic. This study explores the unique characteristics of SDRs and provides an overview of the role of SDRs in the MENA region. Using four countries as case studies (Egypt, Iraq, Leban
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