Insurgents wearing military uniforms stormed Iraq's central bank during an apparent robbery attempt, battling security forces in a three-hour standoff after bombs exploded nearby in a coordinated daylight attack that left as many as 26 people dead.
Sunday's assault on Iraq's top financial institution stoked fears that insurgents are taking advantage of political deadlock after inconclusive March 7 national elections to try to derail security gains as the US prepares to withdraw its forces by the end of next year.
Iraqi military spokesman Major General Qassim al-Moussawi blamed the attack on al-Qaeda in Iraq but said no money had been stolen from the bank, which holds gold deposits as well as US and Iraqi currency.
The violence began with the bombings — which sent plumes of smoke over the city skyline — although there were conflicting reports about the number and nature of the blasts.
The first bomb went off on the road near an electrical generator, al-Moussawi said. Insurgents wearing army uniforms then tried to enter the bank through two entrances, exchanging gunfire with the guards.
He said three suicide bombers detonated their explosives vests at the main entrance of the bank, while two other militants were killed by security forces at the second gate.
Iraqi security forces then stormed the building, prompting a standoff that lasted at least three hours, according to al-Moussawi's account.
An unknown number of attackers managed to get to a higher floor and set a fire to burn some documents and may have escaped by blending in with the bank’s employees, he said.
Local police officers said a bomb in a parked car also exploded about 800m from the bank.
In other news, Iraq moved to bolster its shaky democracy yesterday with the opening of its second parliament since the fall of former president Saddam Hussein in 2003, more than three months after an election stalemate.
A rousing rendition of the national anthem My Nation signalled the start of the inaugural session of the Council of Representatives, as hundreds of lawmakers and dignitaries gathered for the occasion.
However, the ceremony gave way to political reality as it ended only 20 minutes later, reflecting the failure of political groups to assemble a viable coalition since the March election.
The parliamentary session was a procedural affair with parliamentarians taking the oath collectively while officials from the UN, the Arab League and the US embassy, among others, looked on.
Diplomats and politicians have warned a new government continues to appear some way off, possibly months.
MORE VISITORS: The Tourism Administration said that it is seeing positive prospects in its efforts to expand the tourism market in North America and Europe Taiwan has been ranked as the cheapest place in the world to travel to this year, based on a list recommended by NerdWallet. The San Francisco-based personal finance company said that Taiwan topped the list of 16 nations it chose for budget travelers because US tourists do not need visas and travelers can easily have a good meal for less than US$10. A bus ride in Taipei costs just under US$0.50, while subway rides start at US$0.60, the firm said, adding that public transportation in Taiwan is easy to navigate. The firm also called Taiwan a “food lover’s paradise,” citing inexpensive breakfast stalls
TRADE: A mandatory declaration of origin for manufactured goods bound for the US is to take effect on May 7 to block China from exploiting Taiwan’s trade channels All products manufactured in Taiwan and exported to the US must include a signed declaration of origin starting on May 7, the Bureau of Foreign Trade announced yesterday. US President Donald Trump on April 2 imposed a 32 percent tariff on imports from Taiwan, but one week later announced a 90-day pause on its implementation. However, a universal 10 percent tariff was immediately applied to most imports from around the world. On April 12, the Trump administration further exempted computers, smartphones and semiconductors from the new tariffs. In response, President William Lai’s (賴清德) administration has introduced a series of countermeasures to support affected
CROSS-STRAIT: The vast majority of Taiwanese support maintaining the ‘status quo,’ while concern is rising about Beijing’s influence operations More than eight out of 10 Taiwanese reject Beijing’s “one country, two systems” framework for cross-strait relations, according to a survey released by the Mainland Affairs Council (MAC) on Thursday. The MAC’s latest quarterly survey found that 84.4 percent of respondents opposed Beijing’s “one country, two systems” formula for handling cross-strait relations — a figure consistent with past polling. Over the past three years, opposition to the framework has remained high, ranging from a low of 83.6 percent in April 2023 to a peak of 89.6 percent in April last year. In the most recent poll, 82.5 percent also rejected China’s
PLUGGING HOLES: The amendments would bring the legislation in line with systems found in other countries such as Japan and the US, Legislator Chen Kuan-ting said Democratic Progressive Party (DPP) Legislator Chen Kuan-ting (陳冠廷) has proposed amending national security legislation amid a spate of espionage cases. Potential gaps in security vetting procedures for personnel with access to sensitive information prompted him to propose the amendments, which would introduce changes to Article 14 of the Classified National Security Information Protection Act (國家機密保護法), Chen said yesterday. The proposal, which aims to enhance interagency vetting procedures and reduce the risk of classified information leaks, would establish a comprehensive security clearance system in Taiwan, he said. The amendment would require character and loyalty checks for civil servants and intelligence personnel prior to