Government advisor: The 2027 Budget Will Enhance Fiscal Sustainability and Support Economic Reform.

Money and Business    Economy News – Baghdad   The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Monday that the 2027 budget will enhance financial sustainability and support economic reform, noting that government spending continues in accordance with the Financial Management Law despite the delay in approving the budget.

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Iran-Israel Ceasefire Teeters as Missile Strikes Threaten Return to Regional War

The most serious exchange of direct attacks since April's ceasefire is raising fears of renewed conflict, energy disruptions, and deeper instability across the Middle East.

The Finance Committee Rules Out Approving The 2026 Budget And Confirms: Salary Payments Will Not Be Affected.

Money and Business   Economy News – Baghdad  The parliamentary finance committee explained that approving the 2026 budget is unlikely given the ongoing work to complete the government program and the cabinet, while stressing that the current priority is securing salaries and addressing the economic challenges facing the government.

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Russia Pushes Multipolar Economic Vision as Eurasian Bloc Seeks Greater Financial Independence

Growing efforts to expand regional trade, de-dollarization, and economic integration highlight the accelerating shift toward a more multipolar global financial system.

What Gives Money Its Value?

Who decides how much money is worth?

By Kimberly Amadeo  Updated on April 21, 2022

The value of money is determined by the demand for it, just like the value of goods and services. You can measure the value of money by what people will exchange for it and by how much of it there is.

Learn how the value of money is determined and who decides it.

Government Spokesperson:   Iraq is a Fully Sovereign Country

Iraqi News Agency (INA)  Saturday,   INA - BAGHDAD    6/06/2026   Government spokesperson Haider al-Aboudi affirmed on Friday that Iraq is a fully sovereign country, and its supreme authority is not subject to internal or external dictates.

"The government of PM Ali Faleh al-Zaidi has presented a clear ministerial program, foremost among which is strengthening national sovereignty. Monopolizing weapons in the hands of the state and enforcing the law represent the government's starting point," al-Aboudi said in a televised statement to Al-Iraqiya News, reported by the Iraqi News Agency - INA.

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Stablecoin Battle Escalates as Central Banks Push Back Against Private Digital Money

Growing tensions between central banks and stablecoin issuers are accelerating the global race to define the future monetary system.

Russia And Saudi Arabia Sign 30 Agreements At The St. Petersburg International Economic Forum

Money and Business     Russia and Saudi Arabia continue to strengthen their cooperation in trade, investment and economic sectors, signing 30 agreements today during the St. Petersburg International Economic Forum.

The signing took place during the St. Petersburg International Economic Forum, and was attended by Russian Deputy Prime Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman.

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Global Battle Over Digital Money Intensifies as Central Banks Warn on Stablecoin Risks

As stablecoins expand rapidly across global markets, central banks are accelerating efforts to reshape the future of money, payments, and financial sovereignty.