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Iraq used to grow most of its own rice, exported wheat and barley and was one of the world's top exporters of dates.
Over 151,000 Iraqi citizens acquired US currency at the official rate for travel but never left the country, the investigation revealed.
Russia and Iran have deepening military and economic cooperation, with both countries under US sanctions.
Some Iraqi economists suggest that price hikes and new taxes are due to pressure from international bodies like the World Bank.
Book Club: 'The House Divided' explores the historical Sunni-Shia schism and its influence on regional conflicts and power struggles in the Middle East
Iraqi Central Bank's daily dollar auction allegedly involves corruption and monopoly by certain Iraqi private banks in the interests of certain ruling elites.
The projection has a proposed value of $20 billion and will see goods transported from the Gulf to Europe via Iraq.
ICB recently decided that Iraqi private banks can import foreign currencies via commercial flights.
Iraq is looking to reduce its dependency on Iranian gas because the process is complicated by US sanctions.
After nearly two weeks of tense debate, the Iraqi parliament finally passed the country’s three-year budget bill, which includes creating tens of thousands of public sector jobs.