Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. A new electronic system for replacing damaged banknotes has been introduced by the Central Bank of Iraq (CBI), allowing citizens to submit replacement requests online through the Ur portal According to the CBI, users can enter the required data and submit their applications via the platform at currency.app.cbi.iq, after which the bank's […]
By John Lee. The US Department of the Treasury has sanctioned Iraq-based International Development Bank for Investment and Finance (IDB) as part of an operation targeting Iran's international financial networks. According to the Treasury, IDB was designated under Executive Order 13902 for operating in the financial sector of the Iranian economy. The Treasury alleges that […]
By John Lee. New restrictions on dollar travel allowances for Iraqi travellers take effect on Sunday (18th October). According to the Central Bank of Iraq (CBI), travellers will be permitted to purchase up to $2,000 every two months, with a maximum of six times per year. The bank said the measure is intended to regulate […]
By John Lee. A delegation of Chinese companies specialising in investment, banking, and trade has met with Iraq's Minister of Trade to discuss potential partnerships and economic cooperation. The delegation presented a range of proposals and projects relating to investment, business development, and partnership frameworks. The meeting emphasised the importance of engaging with international investment […]
From the Iraq Britain Business Council (IBBC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. IBBC Appoints Two New Advisory Council Members IBBC values the experience and wisdom of advisory council members in guiding our insights and understanding of Iraq and contextualising international affairs. […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dinar Devaluation Fuels Showdown over Iraq's 2027 Budget A sharp devaluation of the Iraqi dinar has set off an intense and public fight over state finances... Lawmakers are now pressing Prime Minister Ali […]
By John Lee. Prime Minister Ali al-Zaidi has addressed parliament to explain the government's decision to change the exchange rate and outline steps to protect living standards and maintain regular payments of salaries and essential expenditure. According to the Prime Minister's Office, al-Zaidi met with parliament speaker Hibat Hamad al-Halbousi and the heads of parliamentary […]
Wednesday's devaluation of the the Iraqi Dinar (IQD) by approximately 15 percent follows months of pressure on the currency; the dollar has recently reached over 157,000 dinars per $100 on the parallel market, It is not the first time Iraq has taken this step. In December 2020, the CBI cut the dinar's value by about […]
By John Lee. The Central Bank of Iraq (CBI) has confirmed the approximately 15-percent devaluation of the Iraqi dinar, which we reported on Wednesday. In an official statement, it said that the new rate is intended to support domestic industry, improve the competitiveness of Iraqi goods against imports, attract investment to non-oil productive sectors, and create […]
By John Lee. Iraq has raised its official exchange rate from 1,310 to 1,500 Iraqi dinars per US dollar. Iraq's Ministry of Finance confirmed the change today (Wednesday, 7th October), saying it follows a cabinet resolution (No. 544) issued on 6th October. The ministry also announced the suspension of Cabinet Resolution No. 413 of 2026, […]
By John Lee. Iraq has announced a package of economic stimulus measures totalling around IQD 3.5 trillion ($2.7bn), covering housing finance, industrial lending, contractor payments, agricultural dues, and an expanded generations fund. The measures were agreed at a meeting chaired by Prime Minister Ali al-Zaidi and attended by the Minister of Finance, the Governor of […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Finance Ministry Sets $100 at 150,000 Dinars in Budget Iraq has set $100 at 150,000 dinars for certain housing payments, but Kurdistan Region investors lack access to the same official-dollar mechanism. Click here […]
