Iraqis protest after currency value slashed

Lebanon is in the midst of a currency crisis and has devalued its local currency. But implementing a new exchange rate policy is set to have catastrophic consequences on people's daily lives.

Since the parliamentary election in October 2021, there has been a political crisis in Iraq, with members of the Council of Representatives of Iraq being unable to form a stable coalition government, or elect a new President.

Currencies are depreciating around the world and wreaking havoc on economies. But as the strong US dollar hits foreign demand, some American businesses are also experiencing painful losses.

After a year of political gridlock and instability, Iraq is finally on the verge of forming a government as Prime Minister-designate Mohammed Shia al-Sudani assembles his cabinet.

The victim was traveling by car when he was fired upon by "unknown persons," according to Iraqi police. The motive for the attack is still unclear.

Repeated droughts experienced by Iraq for the past three years are accentuating the rural exodus underway throughout the country. No longer able to work on their land due to rapid desertification, farmers are moving to the cities. In oil-rich Basra, the country's economic powerhouse, these farmers end up in slums, often going without basic services.

India's central bank hopes a digital rupee will facilitate cheaper and easier financial transactions, as well as protect people from the volatility of private cryptocurrencies.

The self-declared "Islamic State" said it was responsible for the blast that killed at least nine police officers near Kirkuk. The militia is still active in parts of Iraq, despite Baghdad declaring victory over it.

Five years after the end of the war against the Islamic State (IS) group in Iraq, the fight against jihadist holdouts continues in some areas. In Mosul, which lived for more than three years under the yoke of the terrorists, residents are determined to reconquer their cultural and historical heritage.

Iraqi authorities said at least one person was killed in a stampede at a stadium in Basra ahead of the final of the Gulf Cup football competition. Hosts Iran reached the final, prompting increased interest.

The German Bundestag recognized the massacre of Yazidis by jihadists from the so-called Islamic State in Iraq as "genocide."

As relations between Iran and the United States continue to deteriorate, FRANCE 24 spoke to Iraqi Prime Minister Mohammed Shia al-Sudani in Paris. He warned that "any tension between the US and Iran, any tension between the regional countries, will reflect on Iraq negatively".