Archive | Iraq Banking & Finance News

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

Shock as Arrest Warrant issued for Fmr Iraqi Finance Minister

By John Lee. Iraq's Federal Commission of Integrity has issued warrants for the arrest of four senior officials in the previous government, including former Minister for Finance, Ali Allawi (pictured). The warrants relate to the theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority's account at the state-run Rafidain Bank, an […]

Visa Exec meets with top Iraqi Officials re e-Payments

By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani received a delegation from the international electronic payment company Visa Inc., led by the company's Regional President for Central and Eastern Europe, Middle East and Africa, Andrew Torre. During the meeting, His Excellency expressed the government's determination to implement reform and move forward with plans for […]

Iraqi Finance Minister meets with IFC

By John Lee. On Wednesday, Iraq's Minister of Finance, Taif Sami Muhammad, met with a delegation from the International Finance Corporation (IFC), which is part of the World Bank Group. The delegation was headed by investment officer Mr. Julie Kalos and Mr. Bilal Rabah, the resident representative of the Corporation in Iraq. The meeting discussed […]

Halting the Iraqi Dinar's Volatility

By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq needs to address the economy's structural imbalances to halt the dinar's volatility A planned implementation of global procedural requirements for cross-border payments by the Central Bank of […]