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The Iraqi dinar ( Arabic pronunciation: [diːˈnɑːr]) ( Arabic: دينار; sign: ID[ 1] in Latin, د.ع in Arabic; code: IQD) is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils (فلس), although inflation has rendered the fils obsolete since 1990. [ 2]
Iraq's total external debt was around $120 billion at the time of the 2003 invasion, and had grown another $5 billion by 2004. The debt relief was to be implemented in three stages: two of 30% each and one of 20%. [272] The official currency in Iraq is the Iraqi dinar.
The economy of Iraq is dominated by the oil sector, which has provided about 99.7% of foreign exchange earnings during its modern history. [18] As of 2021, the oil sector provides about 92% of foreign exchange earnings. [19] Iraq 's hitherto agrarian economy underwent rapid development following the 14 July Revolution (1958) which overthrew the ...
WASHINGTON/BAGHDAD (Reuters) -The United States has barred 14 Iraqi banks from conducting dollar transactions, the Wall Street Journal reported on Wednesday, citing U.S. officials. The ban, which ...
Iraq's central bank must address continued risks of the misuse of dollars at Iraqi commercial banks to avoid new punitive measures targeting the country's financial sector, a top U.S. Treasury ...
BAGHDAD (Reuters) - Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency ...
After the Gulf War, the Iraqi government disendorsed the old currency, favoring newly printed Saddam dinars, and the Swiss dinar ceased to be legal tender. However, the old currency still circulated in the politically isolated Kurdistan region of Iraq. The government of the Kurdistan region did not have the printing plates of the Swiss dinar ...
The Central Bank of Iraq ( CBI; Arabic: البنك المركزي العراقي) is the national bank of Iraq. It was established in 1947, the same year in which the British occupation of Iraq was ended. CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system.
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