Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. The Central Bank of Iraq (CBI) has stated that its foreign reserves are sufficient to meet all demand for foreign currency, including trade financing, bank card settlements, and travellers' cash requests at the official exchange rate. According to the CBI, the recent rise in the exchange rate on local markets is attributable […]
By John Lee. Iraq's Ministry of Finance has held talks with a World Bank delegation on financial reform, automation projects, and the development of financial management tools. The delegation was led by Dalia Khalifa, Regional Director for the Middle East, and Emmanuel Salinas, World Bank Country Director for Iraq. Finance Minister Faleh Sari said the […]
By John Lee. A $25 million trade finance facility has been extended to Bank of Baghdad, one of Iraq's leading private-sector banks, under the European Bank for Reconstruction and Development (EBRD)'s Trade Facilitation Programme (TFP). According to the EBRD, the facility will support Bank of Baghdad in increasing its import and export transactions, expanding its […]
By John Lee. Iraq is considering replacing its current banknote series with a new issue, aiming to withdraw counterfeit, damaged and stolen notes from circulation and draw hoarded cash back into the banking system. According to 964 Media, discussions within the Central Bank of Iraq (CBI) and the parliamentary Finance Committee are focusing on a […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi PM Adviser Denies US Plans to Halt Dollar Shipments Iraqi PM adviser Mazhar Mohammed Saleh denied reports that Washington plans to halt dollar shipments if armed groups fail to disarm by Sept. 30. […]
By John Lee. Iraq's Prime Minister Ali al-Zaidi met with Édouard de Rothschild, President of Rothschild & Co, in Paris on Monday to discuss expanding Iraq's cooperation with international banks, developing the banking sector, improving Iraq's credit rating, and the government's targets for building a diversified economy. De Rothschild affirmed the importance of investment opportunities […]
By John Lee. A delegation from the Iraq Britain Business Council (IBBC), led by Baroness Emma Nicholson, has met with Finance Minister Faleh Sari to discuss investment opportunities in Iraq and the potential for expanding economic partnerships between the two countries. The delegation included a number of Iraqi and British companies. According to the Ministry […]
By John Lee. The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has appointed Thomas Jacobs as Division Director for the Levant, Iraq, and Yemen. He succeeds Khawaja Aftab Ahmed, who held the role for four years. Based in Amman, Jacobs will lead IFC's work across Jordan, Lebanon, Syria, Iraq, Yemen, […]
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Drains $16bn from Reserves after Oil Revenues Slump Iraq's foreign-currency reserves fell by nearly $16 billion in four months this year as the government tapped […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Depositor Outrage as Iraqi Authorities Place Private Bank under Guardianship The Iraqi banking sector is coming under renewed scrutiny following the Central Bank of Iraq's (CBI) decision to place the private Al-Taif Islamic […]
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Deficit May Prompt Return to International Debt Market Iraq is considering a return to the international debt market to cope with a budget deficit swollen […]
By John Lee. The Central Bank of Iraq (CBI) has revoked the licences of three exchange companies - Al-Aswar, Al-Qattaf, and Al-Anamel - for falsifying cash-sale records for travellers. Under Decision No. 138 of 2026, the CBI has also required the companies to return the dollar amounts involved in the violating transactions, or the exchange […]
