The US Treasury Department and the Federal Reserve Bank of New York have barred 14 Iraqi banks from conducting transactions in US dollars as part of a “sweeping crackdown” ...
Read More [+]
Central Bank of Iraq – Involved In
US sanctions on Iran cause turmoil in Iraq
Over the past weeks, the Iraqi dinar has suffered from unprecedented fluctuation in its exchange rate with the US dollar, which experts attribute to new measures imposed by the ...
Read More [+]
Read More [+]
Iran is exploiting Iraq’s construction sector
Iranian companies, engineers, and builders flourish as Iraq is in a seemingly perpetual state of reconstruction that requires heavy industry and related services. Iraqi oligarchs, banks, and companies with ...
Read More [+]
Read More [+]
Iran’s Assets in Iraq’s Oil and Shipping Industry: State Oil Marketing Organization (SOMO) and AFAQ, a Private Iraqi Cartel
The State Oil Marketing Organization (SOMO), Iraq's national company charged with the exclusive authority to supervise the trade, sale, and export of the country's oil is central to Iran's ...
Read More [+]
Read More [+]
Iran’s Exploitation of the Central Bank of Iraq and Banking Sector
Through powerful Iraqi Shi'a militias, political allies, and a web of business networks, Iran has long utilized the Iraqi banking sector as a main artery for its economic activity ...
Read More [+]
Read More [+]
Devaluation of Iraqi dinar deals blow to pro-Iran Shia parties
Iraqi political parties affiliated with Iran launched a fierce attack on Sunday against the government of Prime Minister Mustafa al-Kadhimi, following its decision to devaluate the Iraqi dinar against ...
Read More [+]
Read More [+]