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 reported that 26 banks and 8 remittance companies took part in its currency auction on Wednesday. A total of $289,496,419 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 7 remittance companies took part in its currency auction on Tuesday. A total of $225,115,111 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 17 banks and 4 remittance companies took part in its currency auction on Monday. A total of $94,455,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The World Bank had reportedly agreed to lend Iraq $1.7 billion (2.0 trillion Iraqi dinars) to help meet its budget deficit. $1 billion of the amount will be a Development Policy Loan (DPL), with a further $350 million allocated to reconstruction and restoring stability to areas liberated from the Islamic State (IS, […]
By John Lee. Standard Chartered Bank has appointed Andreas Meletiou as its Chief Executive Officer for Iraq. Meletiou will split his time between Dubai and Baghdad, and has replaced Gavin Wishart, who has reportedly left the bank. The new CEO previously worked on developing the bank's strategy for entering Iraq in 2013, and was regional […]
Kurdistan Region Council of Ministers on Tuesday held its ordinary meeting, chaired by Prime Minister, Nechirvan Barzani and attended by Deputy Prime Minister, Qubad Talabani. Prime Minister Barzani shed light on the latest developments in the relations between Kurdistan Regional Government, KRG, and the Iraqi Federal Government, highlighting the differences between the two sides over […]
By John Lee. As part of its on-going review of compliance with anti-money-laundering (AML) and countering the financing of terrorism (CFT) standards, the Financial Action Task Force (FATF) has singled out Iraq as a "jurisdiction not making sufficient progress." In a statement, the FATF has said: "Despite Iraq’s high-level political commitment to work with the FATF and MENAFATF […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 6 remittance companies took part in its currency auction on Thursday. A total of $260,621,299 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. According to a report from TR Zawya, Iraq is planning to issue a total of $11 billion (13 trillion Iraqi dinars) in bonds in the next two months to cover the state budget deficit. Acting central bank governor Ali Al-Allaq told the news agency that the government would issue around $5 billion in domestic bonds […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 7 remittance companies took part in its currency auction on Wednesday. A total of $246,413,346 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Acting Governor of the Central Bank of Iraq (CBI), Ali Al-Allaq, has told TR Zawya that foreign reserves currently stand at $68 billion, while the dinar monetary supply is IQD 40 trillion. "At the daily auction of the central bank, we sell about USD 150 million," he said, "which is more than the USD […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 6 remittance companies took part in its currency auction on Tuesday. A total of $245,738,928 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
