Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. Moody's Investors Service has today withdrawn its provisional rating of (P)Caa1 for Government of Iraq's planned USD bond issuance. The issuance rating has been withdrawn following statements made by Iraq's Deputy Finance Minister that the issuance plans have been put on hold. The last rating action was in September 2015 when Moody's […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Finance Committee of the Iraqi Parliament: The Need for More Accuracy and Better Transparency The Finance Committee of the Iraqi Parliament sent formal communication/ letter (number 738 dated 8 October 2015) […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 15 remittance companies took part in its currency auction on Tuesday. A total of $216,435,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $209,596,759 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Reuters quotes Iraqi Deputy Finance Minister Fathil Nabi as saying that Iraq has abandoned its plan to issue international bonds because the yield it would have to pay was too high. The required return on the bonds reportedly forced Finance minister Hoshiyar Zebari (pictured) to halt the plan to raise up to […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 7 remittance companies took part in its currency auction on Sunday. A total of $175,008,113 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 21 banks and 6 remittance companies took part in its currency auction on Thursday. A total of $163,844,494 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks and 12 remittance companies took part in its currency auction on Tuesday. A total of $183,935,819 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 8 remittance companies took part in its currency auction on Monday. A total of $235,790,719 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. On the sidelines of UN General Assembly meetings, foreign affairs minister Dr. Ibrahim Al-Jaafari met Vice President of World Bank for Middle East and North Africa, Mr. Hafez Ghanem. They discussed the World Bank work mechanism and the support that the bank can contribute to reduce the crisis of decline in oil […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 9 remittance companies took part in its currency auction on Thursday. A total of $223,122,249 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In order to expand his men's shoe business, Mohammed Jizani had to borrow $100,000 from a loan shark. As is common in such cases, he was forced to pay the lender $4,000 […]
