Jordan will host the second session of the Baghdad Conference for Cooperation and Partnership on Tuesday. The event's first session was held in Baghdad in August last year upon the invitation of King Abdullah II, in coordination with French President Emmanuel Macron and Iraqi Prime Minister Mohammed Shia al-Sudani, who both attended the session, according to Petra news agency. The conference will feature the participation of a number of leaders and representatives of countries and regional organizations. Participating countries include Egypt, Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, Oman, Turkey, and Iran. The Secretary-General of the Arab League, the Secretary-General of the Gulf Cooperation Council, representatives from the UN, the Organization of Islamic Cooperation (OIC), and the EU will also take part in the conference. The opening session of the conference will witness the participation of Arab and EU ambassadors, the 20G, and the permanent members of the Security Council accredited to the Kingdom. The conference, meant to reiterate support for Iraq's sovereignty, security, and stability, aims to set cooperation mechanisms to enhance regional security and stability and push forward the development process. Sudani held a press conference in Baghdad during which he spoke about his participation at the conference. He also confirmed the increase in the exchange rates of the dollar against the Iraqi dinar. He pointed out that “the government was and is still monitoring the central bank’s policy to ensure market stability,” revealing that “the Iraqi Central Bank’s reserves of foreign currency amounted to 96 billion dollars.” Al-Sudani said: “The financial situation in Iraq is at its best.” Regarding the smuggling of oil derivatives, the PM announced the confiscation of more than 1,781,000 liters of oil derivatives, the dismantling of a large number of smuggling networks, and the arrest of 18 members of these networks.