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. 

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What Is Monetary Policy?

By  Kimberly Amadeo   Updated on June 15, 2022

Definitions and Examples of Monetary Policy

Monetary policy increases liquidity to create economic growth. It reduces liquidity to prevent inflation. Central banks use interest rates, bank reserve requirements, and the number of government bonds that banks must hold. All these tools affect how much banks can lend. The volume of loans affects the money supply.

The money supply includes forms of credit, cash, checks, and money market mutual funds. The most important of these forms of money is credit. Credit includes loans, bonds, and mortgages. 

Oil Accounts For 84% Of Iraq's Revenues In Early 2026

2026-06-15 Shafaq News- Baghdad   Oil revenues totaled 26.121 trillion Iraqi dinars ($17B), accounting for 84% of Iraq's total income of 31.163 trillion dinars ($20B) during the first four months of 2026, according to federal government state accounts through April.

Actual spending reached 37.835 trillion dinars ($25B) during the January-April period, leaving a budget deficit of 6.672 trillion dinars ($5B). Non-oil income stood at 5.041 trillion dinars ($4B), representing the remaining 16% of total revenues.

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Crude Prices Fall To March Lows On US-Iran Accord

2026-06-15 Shafaq News    Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump ‌and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.

Brent crude futures fell $4.08, or 4.7%, to $83.25 a barrel by 0415 GMT and U.S. West Texas Intermediate was at $80.53, down $4.35, or 5.1%. Both contracts ​fell to their lowest levels since March 10 on Monday after tumbling more than 3% on Friday.

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