Iraq is the latest nation in the Global South to move away from the US dollar in bilateral trade with China The Iraqi central bank announced on 22 February that, for the first time, it plans to allow trade from China to be settled directly in yuan instead of the US dollar to improve access to foreign currency. “It is the first time imports would be financed from China in
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The U.S.-Iraq Higher Coordinating Committee meeting in Washington, co-chaired by U.S. Secretary of State Antony Blinken and Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein, underscored the breadth of U.S. support for Iraq. The United States, through its strategic partnership with the Republic of Iraq, seeks to advance mutual objectives of a stable, secure, soverei
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Oil production grew 12% to 4.4 million bpd last year and is forecast to reach 5 million bpd by 2027 A stall at the Sadriya market in central Baghdad. The IMF urged Iraq to intensify efforts to grow its non-oil sectors. EPA Iraq's economic recovery is being supported by higher oil prices, but it remains vulnerable to shocks from market volatility, according to the Internat
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Author: Iran International Newsroom US officials have discussed banking and money laundering issues related to Iran with a high-ranking Iraqi delegation that visited Washington this week. Deputy Prime Minister and Foreign Minister of Iraq, Fuad Hussein accompanied by Central Bank Of Iraq Governor Ali al-Allaq met with both the State Department and with Treasury to discuss
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The Iraqi foreign minister said he will consult with US officials this week on how to pay dues owed to Russian oil companies considering US sanctions currently in place. BAGHDAD- Talks in Baghdad by visiting Russian Foreign Minister Sergey Lavrov focused on the obstacles posed by US sanctions for the development of Russian-Iraqi economic cooperation. During h
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