Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. Prime Minister Dr. Haider Al-Abadi recently received in his office the director of the World Bank in the Middle East and North Africa, Mr. Farid Belhaj, and the Special Representative of the World Bank Mission in Iraq, Mr. Robert Bu Jodah. The meeting discussed the challenges of Iraq's economy caused by the […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks took part in its currency auction on Thursday. A total of $85,993,000 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 took part in its currency auction on Wednesday. A total of $78,426,000 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 23 banks took part in its currency auction on Tuesday. A total of $79,650,000 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 20 banks took part in its currency auction on Monday. A total of $87,650,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Kurdistan Region of Iraq Needs an Estimated US$1.4 billion this Year to Stabilize the Economy The Kurdistan Regional Government (KRG) is facing an economic and humanitarian crisis as a result of the influx of Syrian refugees (starting in early 2012) and more recently the Internally Displaced Persons (IDP) in 2014. According to a newly […]
By John Lee. A report released this morning by the World Gold Council says that Iraq's Central Bank bought 48 tonnes of gold during 2014, trebling the size of its gold reserves over the year. Fortification and diversification of reserves, namely away from the US dollar, continues to be the driving force behind this activity, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks took part in its currency auction on Wednesday. A total of $93,035,000 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 took part in its currency auction on Tuesday. A total of $73,887,000 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 taken a number of decisions with the intention of supporting and developing the Iraqi economy; the following list is taken directly from an announcement by Rabee Securities: Approving appointment of a representative of the private banks in the Board of directors of the CBI; Approving […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks took part in its currency auction on Tuesday. A total of $69,611,000 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 23 banks took part in its currency auction on Monday. A total of $64,505,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
