By Ranj Alaaldin. The June 2014 takeover of Mosul by the Islamic State group (ISIS) was described as an existential threat to the Iraqi state and the post-2003 political order. Yet, its emergence was only a symptom of a broader series of crises that had engulfed Iraq over the past decade. While militant groups dominate […]
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Iraqi Dinar to Devalue?
By John Lee. One possible consequence of the budgetary crisis facing Iraq is a fall in the value of the Iraqi dinar. As a result of the massive burden of public sector wages and salaries, in addition to subsidies for food and energy, the country faces major expenses in looking after its nearly 2 million […]