By John Lee. The Central Bank of Iraq (CBI) has released a series of new banknote designs, which will enter circulation next week. According to a report from Rudaw, the notes are intended to modernise the currency and better reflect the nation’s heritage and diversity. It adds that the CBI does not plan to recall […]
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.
“Steady Increase” in the Iraqi Dinar
By John Lee. There has been a steady increase in the market price of the Iraqi Dinar (IQD) versus the USD, according to an Iraq Business News Expert Blogger. In his market report for the month of June, Ahmed Tabaqchali said the premium over the official exchange rate has fallen to 1.2 percent, the lowest […]
Tags: Ahmed Tabaqchali, Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, exch, featured, foreign exchange, forex, IQD, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
Newtechnic wins Contract for new Central Bank of Iraq
By John Lee. Newtechnic, which describes itself as a world leader in building engineering technology, has reportedly won the contract to design the facade and oversee the co-ordination and construction of the new Central Bank of Iraq (CBI) building in Baghdad. According to New Civil Engineer, the building, designed by Zaha Hadid Architects (ZHA), will […]
Tags: architecture, Central Bank of Iraq (CBI), DJ, featured, Newtechnic, WW, Zaha Hadid, Zaha Hadid Architects (ZHA)
Market Review: Market Consolidates & Banks Correct
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market’s consolidation continued for the second month running with both turnover and the market continuing to decline. Average daily turnover declined by about -57% […]
Tags: AFC Iraq Fund, Ahmed Tabaqchali, Asia Frontier Capital (AFC), Central Bank of Iraq (CBI), featured, stock market
Iraq Targets Terrorism Financing with Blacklist
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The UN’s committee overseeing sanctions on the Islamic State and al-Qaeda has approved an Iraqi request to include Al-Kawthar Money Exchange and its owner Umar al-Kubaysi, as well as Salem Mustafa Mohammed al-Mansour, aka […]
Iraq plans New Bond Issue in 2018
By John Lee. Following Iraq’s successful return to the bond markets earlier this year, it is now reportedly planning a $2 billion sovereign bond issue in 2018. The Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq [Alak] (pictured), told Reuters that the plan is currently awaiting parliamentary approval. He added […]
Tags: bonds, Central Bank of Iraq (CBI), currency reserves, Debt, featured, forex reserves, Iraq Budget News, Iraqi Government Bonds, Sovereign Debt
Statement from IMF Mission on Iraq
The Iraqi authorities and the staff of the International Monetary Fund (IMF) continued discussions in Amman from November 17 to 21, 2017 on the third review of Iraq’s 36-month Stand-By Arrangement (SBA). The IMF Executive Board approved the SBA on July 7, 2016 (See Press Release No. 16/321), and completed the second review on August […]
Tags: Central Bank of Iraq (CBI), featured, International Monetary Fund (IMF), Stand-By Arrangement (SBA)
Central Bank orders Banks to Halt Operations in Kurdistan
By John Lee. Rudaw reports that the Central Bank of Iraq (CBI) has called on all Iraqi banks to halt their operations in the Kurdistan Region indefinitely. It says that any bank that disobeys will no longer receive foreign currency transfers from the central bank. Banks have reportedly been given one week to inform Iraq’s […]
Tags: British Business Group Kurdistan (BBGK), Central Bank of Iraq (CBI), featured, Kurdish Independence
CBI directs Banks to implement SWIFT Standards
The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017. The bank explained that the standards of the 16-user protection network can be summed up by the need to restrict access to the Internet, separate sensitive systems from the overall IT environment, […]
CBI Governor meets with the UN Security Council
Based on the invitation of the UN Security Council, the Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail, met in New York on Tuesday, October 17, 2017 with the members of the Council in the United Nations building. This meeting is the first of its kind where the Governor of the […]
CBI Stops Dollar Sales, Foreign Currency Transfers to Kurdistan
By Editor on 4th October 2017 in Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Politics
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 […]
Tags: Central Bank of Iraq (CBI), dinar, featured, forex, IQD, Kurdish Independence, Kurdistan News, referendum
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 […]