Al-Zaydi's Advisor Told Kurdistan 24: There Are No Plans To Raise The Dollar Exchange Rate.

Erbil (Kurdistan24) – An advisor to the Iraqi Prime Minister denied all reports circulating about the government's intention to raise the exchange rate of the dollar against the dinar to address the current financial crisis. He indicated that although the closure of the Strait of Hormuz has significantly harmed the country's revenues, the government will not resort to increasing the dollar's value.

The Iraqi Prime Minister's economic advisor, Mazhar Muhammad Salih, told Kurdistan 24 that Iraq's current financial challenges are directly linked to regional conflicts and tensions, as well as the closure of the Strait of Hormuz. He explained that approximately 85% of Iraq's oil was exported daily through this strait to global markets, and therefore, the disruption of this vital waterway has significantly reduced the government's financial capabilities.

Who Owns the Federal Reserve?

How the Fed Remains Independent

By    Kimberly Amadeo   Updated on October 2, 2024

The Federal Reserve is the central bank of the United States. Its decisions affect the U.S. economy and, therefore, the world. This position makes it the most powerful actor in the global economy. It is not a company or a government agency. Its leader is not an elected official, which makes it seem highly suspicious to many people, because it is not subject to either voters or shareholders.1

Learn how the Federal Reserve works, who actually owns it, and how they are held accountable.

G7 Leaders Pledge To Boost Efforts To Tackle The Global Debt Crisis

Arabic and international   At their summit in Evian-les-Bains, France, the leaders of the G7 pledged to strengthen international efforts to address the growing risks of global debt that threaten economic stability and limit countries' ability to finance public services.

In a joint statement, the leaders called for increased support for heavily indebted countries, particularly those implementing economic reform programs but struggling to attract investment, while urging international financial institutions to expand their risk-sharing tools.

Good Afternoon Dinar Recaps,

Who Is Still Outside MiCA? Tether, Binance Among Leading Crypto Firms

Europe's landmark crypto regulations are entering a critical phase as major digital asset companies race to comply—or risk losing access to one of the world's largest cryptocurrency markets.

United Nations: Iraq's Four Presidencies Agree On Ensuring A Decent Life For All Citizens

Iraqi News Agency (INA)  Baghdad INA - June 15th, 2026   The UN Assistant Secretary-General and Regional Director of the United Nations Development Programme (UNDP) for Arab States, Abdullah Al-Dardari, affirmed on Monday that Iraq's four presidencies are in agreement on combating corruption and adopting a competitive economy to ensure a decent life for all citizens. 

During a roundtable discussion with several media, including the Iraqi News Agency (INA), Al-Dardari stated, "During my visit to Iraq, I had the honor of meeting with the four presidencies and a number of ministers," indicating that "this demonstrates their interest in what the United Nations program can offer Iraq." 

Good Morning Dinar Recaps,

Did Oil Markets Bet on Trump and Win on Iran War Pricing?

How political expectations, the Strait of Hormuz, and global energy markets reshaped oil prices during the U.S.-Iran conflict.