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
Read MoreWith the rollout of new controls developed by the US Federal Reserve in collaboration with the Central Bank of Iraq to combat currency smuggling, the dollar exchange rate continued to rise in the Iraqi market, pushing up the prices of food and other essential items. The Central Bank of Iraq has asserted that the rise in the dollar-to-dinar exchange rate is a pass
Read MoreThe situation in Iraq is complex and confused in all aspects; institutional, political, economic and public administration. The absence of accountability and chaotic economic management coupled with weak governance and dysfunctional organizational arrangements play a major part in the decline that the Iraqis experience today. All these were, in part, t
Read MoreAutor: Ranajoy Ray Chaudhuri Acknowledgments This book would not have been possible without the support of many. I owe a significant debt to Paul Evans for fostering my interest in banking, central banks and monetary policy. Conversations with Jason Seligman at The Ohio State University and Joseph Kaboski at the University of Notre Dame were instrumental in shaping the bo
Read MoreBaghdad, Iraq, 5 July 2022 – Iraq’s Ministry of Planning, the Central Statistical Organization (CSO), together with the International Labour Organization (ILO) have launched a national Labour Force Survey , the first of its kind to be conducted in Iraq in the last decade. The survey presents estimates at the national, governorate, urban and rural levels and covers a broad array
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