Archive | Iraq Banking & Finance News

Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.

Iran, Iraq to Establish Joint Bank

By John Lee. The Iraqi Embassy's commercial attache in Tehran, Shaker Rawaq al-Da'ami, has said that Baghdad and Tehran plan to establish a joint bank to ease monetary transactions between the countries. The two sides agreed to sign a Memorandum of Understating (MoU) in order to facilitate financial exchanges. Al-Da'ami also said trade and economic […]

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When Extremists Become Bad Bank Managers

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. Paying For The Caliphate: When Extremists Become Bad Bank Managers In Mosul Up until now, locals in Mosul, the northern city under the control of Sunni Muslim extremists, have not […]

Currency Auction Results, 4th Sept

By John Lee. The Central Bank of Iraq (CBI) has reported that 13 banks took part in its currency auction onThursday. A total of $166,109,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 3rd Sept

By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Wednesday. A total of $197,197,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 2nd Sept

By John Lee. The Central Bank of Iraq (CBI) has reported that 15 banks took part in its currency auction on Tuesday. A total of $180,206,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)