The exchange rate of the US dollar against the Iraqi dinar decreased on Tuesday in the markets of the capital, Baghdad, and Erbil, the capital of the Kurdistan Region. Dollar’s prices decreased with the closure of the two main stock exchanges, Al-Kifah and Al-Harithiya, in Baghdad, reaching 156,000 IQD per …
Read More »China, Brazil reach deal to de-dollarize trade
China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary, the Brazilian government said, Beijing’s latest salvo against the almighty greenback. The deal will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin …
Read More »Turkish lira hits record low of 10 against US dollar
Turkey’s lira weakened to an all-time low of 10 against the dollar on Friday, breaching the key psychological threshold on investor worries about monetary policy after the central bank began cutting interest rates in September. The lira, which has weakened by more than a quarter so far this year, touched …
Read More »Turkey’s Erdogan said to welcome embassies’ statements of non-interference amid row
Turkish President Tayyip Erdogan “welcomed” statements on Monday by several Western embassies including the United States that they abide by a diplomatic convention not to interfere in a host country’s internal affairs, state-run media said. The statements were made almost simultaneously on Twitter as Erdogan entered a cabinet meeting to …
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