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 24 banks and 8 remittance companies took part in its currency auction on Wednesday. A total of $292,886,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Amina al-Dahabi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s private banking sector is having trouble meeting customers’ demands because of liquidity issues, leading to unrest and worry. Some banks are limiting withdrawals to a specific percentage of deposited funds, while others have stopped […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 8 remittance companies took part in its currency auction on Wednesday. A total of $364,691,686 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 3 remittance companies took part in its currency auction on Tuesday. A total of $248,160,085 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 18 banks and 2 remittance companies took part in its currency auction on Thursday. A total of $76,875,000 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 24 banks and 5 remittance companies took part in its currency auction on Thursday. A total of $242,666,428 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
A new World Bank project in Iraq will support the reconstruction of the country’s conflict-wrecked infrastructure and restore public services in municipal areas under Government control. The US$350 million financial assistance package, approved by the World Bank Board of Directors, will contribute to Iraq’s efforts to rebuild state institutions and put the economy on the […]
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 […]
