Tag Archives | Central Bank of Iraq (CBI)

Iraq Business News brings you the latest news from the Central Bank of Iraq (CBI). Subscribe for regular CBI Iraq updates, including Iraqi Dinar Revaluation and Investment news.

CBI Stops Dollar Sales, Foreign Currency Transfers to Kurdistan

By John Lee. The Central Bank of Iraq (CBI) announced on Tuesday that it will block foreign currency transfers to Iraqi Kurdistan, and stop selling dollars to four major Kurdish banks. The decision part of an effort to put pressure on Iraqi Kurdistan after its population voted overwhelmingly in favour of breaking away from Iraq […]

Central Bank runs course on Combating Money Laundering

By John Lee. The Central Bank of Iraq (CBI) has organized a course on combating money laundering, terrorism financing, compliance and risk management. The course was held from 17th to 20th September at the Central Bank building, under the supervision of the banking studies center. Sixty-one employees from government, private banks and money transfer companies […]

Central Bank to Tackle Hoarding of Iraqi Dinars

By John Lee. The Central Bank of Iraq (CBI) has held symposium entitled “Analysis of the phenomenon of Hoarding in Iraq“, addressing the problem of people hoarding Iraqi dinars (IQD), and not making them available to the banking system. During the seminar, the Governor of the Central Bank, Dr. Ali Mohsen Ismail (pictured), pointed out […]

IS Plundered $800m in Cash From Iraq

By John Lee. The Islamic State group (IS, ISIS, ISIL, Daesh) has reportedly plundered more than $800 million from Iraqi bank facilities and reserves. According to a new report from the Central Bank of Iraq (CBI), the group has taken $101 million and 856.5 billion Iraqi dinars ($727.6 million) from banks in the territory it […]

Talal Abu-Ghazaleh cooperation with Central Bank of Iraq

A delegation representing Talal Abu-Ghazaleh Organization (TAG-Org) agreed with the Governor of the Central Bank of Iraq (CBI), Mr. Ali Mohsin Ismail Al-Alaq, means of cooperation between the two parties. The delegation headed by Mr. Ahmad Obeidat, Executive Director of the Baghdad Office, presented the various services provided by TAG-Org, particularly in the fields of […]

Iran Proposes Visa-Free Regime with Iraq, Trade in Own Currencies

Iran’s first vice-president put forward a proposal to lift visa requirements for the Iranian and Iraqi travelers, and also called for trade exchanges between the two countries using their own currencies, namely rial and dinar. Addressing a meeting of high-ranking delegations from Iran and Iraq, attended by the visiting Iraqi Prime Minister Haider al-Abadi and […]

Currency Auction Results, 7th June

By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 10 remittance companies took part in its currency auction on Wednesday. A total of $152,560,881 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

IMF reaches Agreement on Stand-By Arrangement with Iraq

IMF Team Reaches Staff-Level Agreement on Second Review of Stand-By Arrangement with Iraq The Iraqi authorities and an International Monetary Fund (IMF) team reached a staff-level agreement on the second review of the Stand-By Arrangement (SBA) that was approved by the IMF Executive Board on July 7, 2016 (See Press Release No. 16/321). The SBA […]

Currency Auction Results, 6th June

By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 9 remittance companies took part in its currency auction on Tuesday. A total of $159,467,043 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 5th June

By John Lee. The Central Bank of Iraq (CBI) has reported that 36 banks and 10 remittance companies took part in its currency auction on Monday. A total of $157,268,429 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 25th May

By John Lee. The Central Bank of Iraq (CBI) has reported that 38 banks and 10 remittance companies took part in its currency auction on Thursday. A total of $158,102,404 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 24th May

By John Lee. The Central Bank of Iraq (CBI) has reported that 39 banks and 10 remittance companies took part in its currency auction on Wednesday. A total of $150,321,047 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)