Archive | Iraq Banking & Finance News

Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.

IMF Reviews Progress in Iraq

The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Baku, Azerbaijan from January 15–19, 2017 ahead of the second review of Iraq’s 36-month Stand-By Arrangement (SBA) that the IMF Executive Board approved on July 7, 2016 ( See Press Release No. 16/321). The first review under the SBA was […]

Currency Auction Results, 19th Jan

By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 17 remittance companies took part in its currency auction on Monday. A total of $160,461,658 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 16th Jan

By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 16 remittance companies took part in its currency auction on Monday. A total of $159,104,757 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Japan agrees $240m Loan to Iraqi Electricity Sector

By John Lee. Reuters reports that Japan has agreed to lend Iraq up to 27.2 billion yen ($240 million) to rebuild damaged electricity infrastructure, especially in areas recaptured from the Islamic State group (IS, ISIS, ISIL, Daesh). It also intends to approve another loan worth 21.5 billion yen to repair a thermal power station in […]

Currency Auction Results, 11th Jan

By John Lee. The Central Bank of Iraq (CBI) has reported that 34 banks and 17 remittance companies took part in its currency auction on Wednesday. A total of $153,971,978 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 10th Jan

By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $155,280,005 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Iraq to Receive $1bn Loan from US

By John Lee. The Iraqi government has signed a one-billion-dollar loan with the United States to “[assist] Iraq to achieve victory in its battle against IS, and to realize economic reform”. Stephanie William, the U.S. Embassy’s Chargé d’Affaires and Fadhil Nabi, the Iraqi Deputy Minister of Finance signed the agreement in Baghdad on Thursday. The […]

Currency Auction Results, 5th Jan

By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 17 remittance companies took part in its currency auction on Thursday. A total of $158,915,838 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 4th Jan

By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 17 remittance companies took part in its currency auction on Wednesday. A total of $158,266,383 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)