Iran’s former chief banker says the government has printed about $5.6 billion worth of national currency in the past year, aggravating the country’s inflation rate. Abdolnaser Hemmati, the former ...
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Central Bank of Iraq – Involved In
14 sanctioned Iraqi banks engaged in fraudulent transactions that Iran could benefit
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” ...
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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 ...
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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 ...
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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 ...
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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 ...
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