Tag Archives | forex reserves

Iraq’s Foreign Reserves top $60bn

By John Lee. The Central Bank of Iraq (CBI) has announced that the county has foreign reserves exceding 60 billion dollars. In a statement on Wednesday, the bank said the reserves are “a result of the fiscal and monetary policies adopted by the Central Bank over the past years to stabilize the general financial situation, […]

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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 […]

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Iraqi Foreign Reserves Fall to $50bn

By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali al-Alak, has reportedly said that Iraq’s foreign reserves have dropped to $50 billion. According to a report from Reuters, this is down from $59 billion at the end of October 2015. Prime Minister Haider al-Abadi has announced plans to narrow the public […]

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