Economy of Iraq

Iraq's prime minister said yesterday the country's central bank governor had been relieved of his duties as the local currency continues to fall against the dollar.

Turkey's Central Bank official reserves totaled $95.6 billion in May, up 3.1% from the previous month, the bank announced on June 28.

Prices of both domestic cattle and red meat have continued to rise in Turkey despite ongoing imports worth nearly $1.3 billion since last year. 

The Iraqi government considers Turkey's request to step up cooperation on border security as a "positive" development, Iraqi Justice Minister Haidar al-Zamili said on March 20.

Iraq’s foreign minister on Feb. 28 called on Turkish businesspeople and investors to participate actively in the reconstruction of the country’s economy, which is recovering from a nearly nine-year U.S.-led invasion that ended in 2011.

Iraq has approved the sale by Royal Dutch Shell of the company’s 20 percent stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu Corp, a senior Iraqi oil official said on Jan. 10.

Police on the southern Aegean island of Santorini said on Monday that they had detained nine undocumented migrants who had been planning to board flights to Italy, Austria and Germany with forged travel documents.