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 […]
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.
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 […]
Tags: anti money laundering (AML), Central Bank of Iraq (CBI), featured, money laundering, terror financing
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 […]
Tags: cash hoarding, Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, IQD, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
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 […]
Tags: Arab International Society of Certified Accountants (IASCA), Central Bank of Iraq (CBI), featured, Iraqi Private Banks League, Microsoft, Oracle, Talal Abu-Ghazaleh Information Technology International (TAGITI), Talal Abu-Ghazaleh Organization (TAG-Org)
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 […]
Tags: Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, IQD, Iran, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
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)