Mystik Dan wins the 150th Kentucky Derby at Churchill Downs in a three-horse photo finish
Mystik Dan won the 150th Kentucky Derby in a photo finish, edging out Forever Young and Sierra Leone for the upset victory.
Iraq's currency ended its nosedive after a meeting between the Iraqi Central Bank head and a top U.S. Treasury official.
Under Secretary of the Treasury for terrorism and financial intelligence Brian E. Nelson said in a statement Saturday that he had met with Central Bank of Iraq Governor Ali al-Allaq in Istanbul the day before "to discuss banking sector reforms and a mutual commitment to anti-money laundering and countering the financing of terrorism."
He praised Iraq's "steadfast dedication" to improving its compliance with international standards and "offered continued co-operation in modernizing the banking sector," the statement said.
Measures taken by the United States in recent months to stamp out money laundering and the channelling of dollars to Iran and Syria from Iraq have severely restricted Iraq's access to hard currency.
Since the U.S. invasion of Iraq in 2003, Iraq's foreign currency reserves have been housed at the United States' Federal Reserve, giving the Americans significant control over Iraq's supply of dollars.
The Iraqi dinar slipped to around 1,750 to the dollar at street exchanges in some parts of the country on Thursday, compared to the official rate of 1,460 dinars for US$1. The devaluation has prompted protests and fears of inflation.
The currency began to halt its slide after Iraq's Central Bank said in a statement Friday evening that the Treasury had "expressed its readiness for the necessary flexibility to achieve common goals." As of Saturday, the dinar was trading at around 1,600 dinars to the dollar.
A delegation of Iraqi officials is set to travel to Washington next Friday.
Mystik Dan won the 150th Kentucky Derby in a photo finish, edging out Forever Young and Sierra Leone for the upset victory.
Three bodies recovered in an area of Baja California are likely to be those of the two Australians and an American who went missing last weekend during a camping and surfing trip, the state prosecutor’s office said Saturday.
A man was denied a $5,000 payout from his brother after a B.C. tribunal dismissed his claim disputing how many kittens were born in a litter.
A lockout notice issued by WestJet to a union representing aircraft maintenance engineers could result in a work stoppage next week.
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Quebec provincial police handed out hundreds of fines to Hells Angels members and other supporting motorcycle clubs who met for their 'first run' in a small town near Sherbrooke, Que.
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Auston Matthews was back on the ice with his teammates Saturday.
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Three men in Quebec from the same family have fathered more than 600 children.
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