CBI Denies Raising Travelers' Dollar Allowance

2026-11-01 06:17   Shafaq News- Baghdad   The Central Bank of Iraq (CBI) on Sunday denied reports that it had raised the dollar allowance for travelers from $2,000 to $3,500, describing a document circulating on social media as fake.

CBI Media Director Haider Ghazi told Shafaq News that the document, which purported to announce an increase in the allowance, was forged and that no such decision had been issued.

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GLOBAL TRADE RESET WATCH: QUAD NATIONS STRENGTHEN SUPPLY-CHAIN COOPERATION

The United States, Australia, India, and Japan are expanding cooperation on critical minerals, semiconductors, trusted technology, and reliable trade routes to reduce vulnerabilities in global supply chains.

Basrah Heavy, Medium Crude Record Weekly Losses

2026-10-31 Shafaq News- Basrah  Iraq’s Basrah crude grades ended the week down by around 0.15%, despite gains in the final trading session and rising global oil benchmarks.

Basrah Heavy crude climbed by $1.09, or 1.49%, in the final session to settle at $74.11 per barrel, but recorded a weekly loss of $0.10, or 0.13%, from $74.22 at the start of the week.

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GLOBAL PAYMENTS RESET WATCH: BRICS PAYMENT SYSTEM GAINS ATTENTION AS COMMON CURRENCY REMAINS A DISTANT GOAL

A new policy report urges BRICS nations to advance cross-border payment cooperation and local-currency settlement, while acknowledging that creating a shared currency remains a much greater challenge.