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Turkish lira weakens as investors await central bank rates decision

Waar Media - 2018-09-13 11:14
WAAR-DUHOK: The Turkish lira weakened on Thursday as investors took a cautious stance ahead of the central bank’s rate-setting meeting, where it was expected to hike rates sharply to support the ailing currency. At 0548 GMT, the lira was at 6.3700 agains ...

Iranian rial continues slide, hits new low

Kurdistan24 - 2018-09-03 23:07
Iranian and US banknotes on display at a currency exchange shop in downtown Tehran, Iran, on April 4, 2015. (Photo: Associated Press/Vahid Salemi) ...

Iranian parliament removes finance minister from office

Waar Media - 2018-08-26 13:47
WAAR-DUHOK: Iran’s parliament sacked the minister of economic affairs and finance on Sunday, state media said, amid a sharp fall in the rial currency and a deterioration in the economic situation. The Iranian economy is dogged by high unemployment and th ...

White House monitors Turkey situation ‘very closely’

Waar Media - 2018-08-14 11:11
WAAR-DUHOK: White House economic adviser Kevin Hassett said on Monday the Trump administration is monitoring the financial situation in Turkey “very closely” after the Turkish currency fell to a record low against the U.S. dollar on Monday. “We’re monito ...

Turkey's lira crisis explained

BBC - 2018-08-11 01:02
The Turkish currency has nosedived since January and, unsurprisingly, tourists are taking advantage. ...

Erdogan dismisses lira fears, says ‘we have our God’

Waar Media - 2018-08-10 12:41
WAAR-DUHOK: Turkish President Tayyip Erdogan has dismissed concerns over the tumbling lira, calling on Turks to “have no worries”, after the currency hit record lows in recent weeks on the back of a widening rift with the United States. Ankara and Washin ...

After the Showdown in Libya’s Oil Crescent

International Crisis Group - 2018-08-09 14:29
A renewed struggle this summer over Libya’s main oil export zone cut sales in half, squeezing hard currency supplies amid outcry about mismanagement of hydrocarbon revenues. To build trust, Libyan and international actors should review public spending an ...

Iran currency continues free-fall, dropping 18% in two days

Waar Media - 2018-07-31 15:54
WAAR-DUHOK: Iran’s currency continued its free-fall on Tuesday trading at a fresh record-low of 119,000 to the dollar, a loss of nearly two-thirds of its value since the start of the year as US sanctions loom. The Iranian rial has plummeted in recent day ...

Iran’s currency drops 14 percent in one day on sanctions fears

Waar Media - 2018-07-30 12:18
WAAR-DUHOK: The Iranian rial has hit a new record low, dropping past 100,000 rials to the US dollar. The currency is down 50 percent since April — just before the US pulled out of the 2015 nuclear deal. Iran’s currency hit a record low on Sunday of 100,0 ...

Iran Reaches Currency Agreement with Allies

BAS News - 2018-07-08 11:01
ERBIL - Iran, in hopes of returning its currency value compared to the USD, as it has lost more of its value after US's withdrawal from the nuclear deal and imposing some new sanctions on the country, Tehran has reached an agreement with its allies, Bagh ...

Khamenei: Trump seeks to turn Iranians against their government

Waar Media - 2018-06-30 16:47
WAAR-DUHOK: U.S. economic pressure on Iran is intended to turn Iranians against their government, Supreme Leader Ayatollah Ali Khamenei was quoted as saying on Saturday by his website. The country’s rial currency has lost up to 40 percent of its value si ...

$1 Billion Stolen Per Day Through Currency Auction in Iraq: Investigators

BAS News - 2017-11-20 17:21
ERBIL — The international team of investigators has revealed that around USD 1 billion is stolen by the Iraqi officials through currency auctions of the Central Bank of Iraq. A source close to Iraqi Prime Minister Haider al-Abadi told Al Ghad Press on Mo ...

Turkey urges U.S. to review visa suspension as lira, stocks tumble

Reuters - 2017-10-09 18:33
ANKARA (Reuters) - Turkey urged the United States on Monday to review its suspension of visa services after the arrest of a U.S. consulate employee sharply escalated tensions between the two NATO allies and drove Turkey's currency and stocks lower. ...

Baghdad Planning to Stop Dollar Sales, Transfers to Kurdistan

BAS News - 2017-10-04 00:40
ERBIL — As part of its efforts to block the Kurds from moving further towards independence, the Iraqi central government is planning to suspend foreign currency transfers and sales of dollars to banks in Kurdistan Region. The Iraqi central bank on Tuesda ...

Euro tops $1.20 to hit highest level since early 2015

Waar Media - 2017-08-29 12:40
WAAR-DUHOK: The euro topped $1.20 on Tuesday for the first time in more than two and a half years, as traders bet on the winding down of eurozone crisis-era stimulus measures. At 0810 GMT, the single currency touched $1.2070, the highest level since earl ...

IS Punishes Anyone Who Does not Use Their Currency

BAS News - 2017-08-25 23:38
ERBIL — Islamic State (IS) passed a new directive on Friday to punish anyone who uses currency other than the one issued by the extremist group. IS preachers announced during the Friday sermons in the towns of Anah, Rawa and Qaim in western Anbar, that t ...

President Assad appearing on Syrian currency for the first time

Kurdistan24 - 2017-07-03 21:38
A portrait of Syria's President Bashar al-Assad is seen printed on the new Syrian 2,000-pound banknote that went into circulation on Sunday, in this handout picture provided by SANA on July 2, 2017, Syria. (Photo: Reuters) ...

What Oil Needs To Rally Higher

Waar Media - 2017-07-02 13:34
WAAR-DUHOK: Oil found much needed support from currency markets this week on a strong EUR/USD following comments from ECB chief Mario Draghi that the Eurozone’s central bank could be ready to taper asset purchases earlier than previously expected. As a r ...

Mexico seeks stronger U.S. ties despite Trump campaign barbs

Reuters - 2017-01-20 23:59
MEXICO CITY (Reuters) - Mexico's president said on Friday he wanted to strengthen relations with his new U.S. counterpart Donald Trump, whose threats and barbs against the country raised fears of a major economic crisis, and battered its currency. ...

Damascus struggles to halt currency collapse as peace hopes erode

Waarmedia - 2016-05-13 01:04
Waar, Duhok: Damascus has announced measures to halt the fall of Syria’s currency, but traders expressed doubt it would work after the unraveling of a ceasefire and the collapse of peace talks brought one of the fastest falls of the five year civil war. T ...

Dollar gives back gains after rise to two-week highs

Waarmedia - 2016-05-12 01:42
Waar, Duhok: The dollar eased against a basket of currencies after six straight days of gains on Wednesday, with falls for stock markets prompting some profit-taking and a drift of money into the traditional security of the yen. The Japanese currency gain ...

State garrison in Cizre resembles Raqqa

Hawar News - 2016-03-09 00:24
NEWS DESK – The discovery of currency from Syria, the United Arab Emirates, Russia and Hungary in the garrison of state forces in Cizre points at Turkey’s use of jihadist gangs in its genocidal attacks. New findings emerge on the Turkish state’s use of Al ...

ISIS minting gold coins, calls it ‘second blow to U.S. after 9/11’

Aranews - 2015-08-30 18:19
ARA News Erbil, Iraqi Kurdistan – The militant group of Islamic State claims to have started its own currency by minting gold coins, according to a video released online on Sunday. In the documentary-style video, the radical group presented its new curren ...
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