Parliamentarian: The Government May Move To Raise The Dollar Exchange Rate To 165,000 Next September

Money and Business  Economy News – Baghdad   Member of Parliament, Ahmed Salim Al-Kinani, revealed an anticipated government plan to raise the exchange rate of the US dollar to between 160,000 and 165,000 Iraqi dinars per 100 dollars, instead of the current rate of 132,000 dinars.

What Happens If the U.S. Economy Crashes?

By   Kimberly Amadeo   Updated on August 28, 2024

Although the initial outbreak of COVID-19 in March 2020 sent a shockwave through the markets and economy, another recent near-collapse of the U.S. economy happened on September 16, 2008. This is the day the Reserve Primary Fund “broke the buck"—the value of the fund’s holdings dropped below $1 per share.1

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ASEAN Pushes Deeper Rare Earth Cooperation to Strengthen Global Supply Chains

ASEAN is seeking to deepen cooperation on rare earth elements (REEs) as global demand for critical minerals accelerates. By strengthening regional collaboration, Southeast Asian nations hope to reduce dependence on outside powers, expand domestic processing industries, and secure a stronger position in the global supply chain.

A US Official: Iraq Has Agreed To Cooperate In Combating Money Laundering And Has Begun "Taking Steps"

2026-06-19 14:19  Shafaq News – Baghdad   A U.S. administration official confirmed on Friday that Iraq has agreed to cooperate with a financial group to combat money laundering, corruption and terrorist financing, and has begun taking positive steps in this regard.

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U.S.-Iran MOU Signed as Nuclear Talks Enter Critical 60-Day Phase

Technical negotiations have been postponed, but the Memorandum of Understanding remains in effect as both sides prepare for what could become the most difficult stage of diplomacy.

US Command: 55 Ships Carrying More Than 17 Million Barrels Of Oil Have Crossed The Strait Of Hormuz

Arabic and international   The US Central Command announced on Saturday that 55 ships carrying more than 17 million barrels of oil had transited the Strait of Hormuz.In a statement, the Command said, "55 ships transited the Strait of Hormuz carrying more than 17 million barrels of oil to global markets," adding that "ship traffic in the Strait of Hormuz increased today as we continue to support freedom of navigation.

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CLARITY Act Gains Momentum as U.S. Senate Schedules Last-Minute Meetings

Senate leaders are accelerating negotiations on landmark cryptocurrency legislation as lawmakers work toward establishing a comprehensive regulatory framework for digital assets before Congress breaks for its August recess.

Iraq Was The Fifth Largest Buyer Of Homes In Türkiye During May

Money and Business     Economy News – Baghdad   Data from the Turkish Statistical Institute, released on Saturday, showed that Iraq ranked fifth among nationalities that bought the most homes in Turkey during May 2026, at a time when real estate sales to foreigners recorded a significant annual decline.

The agency stated in its monthly report that total home sales to foreigners amounted to 1,387 homes during May, a decrease of 27% compared to the same month in 2025, representing about 1.5% of total home sales in the country.