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 22 banks and 2 remittance companies took part in its currency auction on Monday. A total of $290,914,740 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Simon Kent. After months of talks, the Kurdish Regional Government says it has authorisation from Baghdad to issue bonds, in a move aimed at easing growing financial pains in the semi autonomous region. According to Bloomberg, the region needs approximately $1.4 billion to balance its books. Quoting IBN blogger Robert Tollast, the report noted how the KRG […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks and 2 remittance companies took part in its currency auction on Thursday. A total of $203,545,125 was 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 22 banks and 4 remittance companies took part in its currency auction on Wednesday. A total of $257,651,600 was 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 24 banks and 4 remittance companies took part in its currency auction on Tuesday. A total of $234,961,582 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. BasNews, citing an anonymous source, reports that one German and one American bank have expressed interest in lending to Erbil, if it proves its ability to repay the loan and interest. The KRG Parliament recently passed a bill allowing the government to borrow up to $5 billion (6 trillion iraqi dinars), at […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks and 4 remittance companies took part in its currency auction on Sunday. A total of $112,250,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from May 27 – June 4, 2015 to discuss with the Iraqi authorities financial assistance to Iraq under the Rapid Financing Instrument (RFI). At the end of the visit, Mr. Sdralevich issued the following statement: “The mission has reached a staff-level agreement with […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Can The Country Ever Recover? How Much Iraq's Fight Against ISIS Extremists Is Really Costing The security crisis caused by the extremist group known as the Islamic State has not […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks and 4 remittance companies took part in its currency auction on Monday. A total of $289,350,650 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The National Bank of Iraq plans to open five more branches in Iraq by the end of this year, in what Reuters described as a sign that there is still money to be made in much of the country despite civil war and low oil prices. Vice-chairman Ayman Abu-Dhaim told the news […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks and 4 remittance companies took part in its currency auction on Tuesday. A total of $232,814,397 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
