Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. Iraq's Ministry of Labour and Social Affairs has launched a lending initiative aimed at reducing unemployment by providing job opportunities for registered unemployed citizens. Under the programme, the Ministry's Department of Labour and Vocational Training -- through its Small Projects Funds -- will issue loans for the purchase of modern passenger vehicles […]
By John Lee. The Central Bank of Iraq (CBI) has presented detailed updates on its banking-sector reform programme, with Governor Ali Mohsen Al-Alaq outlining structural plans aimed at rebuilding a compliant and modern financial system. Al-Alaq said the engagement of Oliver Wyman followed restrictions on dollar transactions imposed on a number of Iraqi banks, noting […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of November: CBI Instructions for Exchanging Dinars CBI to Support Dinar Stability CBI Denies Dinar Revaluation Rumours as Inflation Falls The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed Donald Trump and the "Great Iraqi Dinar Revaluation" Dinar […]
By John Lee. The Federal Integrity Commission has held talks with the United Nations Development Programme (UNDP) on strengthening bilateral and international coordination to recover smuggled assets and extradite individuals wanted in corruption cases. The Commission's First Deputy Chairman, Dr Muzhahir al-Jubouri, met UNDP Justice Initiatives Support Project Director Yama Turabi at the Commission's headquarters. […]
By John Lee. Fitch Ratings has affirmed Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. The rating is unchanged from this time last year. More details here. (Source: Fitch Ratings)
By John Lee. The Central Bank of Iraq (CBI) chaired the latest meeting of the Iraqi Payments Council to review progress in adopting electronic payment systems across government institutions and the private sector. The meeting discussed the procedures and mechanisms used by ministries and public sector bodies to implement e-payment technologies, the level of progress […]
By John Lee. The Central Bank of Iraq (CBI) has said that its monetary policies have pushed inflation to historically low levels, adding that there is no intention to amend the exchange rate of the Iraqi dinar (IQD). In a statement issued on Monday (24th November), the bank rejected rumours of a possible exchange rate […]
By John Lee. Management Partners (MP) has signed a memorandum of understanding with BHTC for Training & Consulting -- Bayt Al-Hikmah (House of Wisdom) for Training and Human Development -- to cooperate on training, institutional development and capability building for Iraq's financial services sector. The agreement was signed by Hisham Khalid and Amar Shubar, in […]
By John Lee. The Central Bank of Iraq (CBI) has issued a statement setting out its criteria for trading and replacing banknotes. This unofficial translation is provided in good faith for general information only. While every effort has been made to ensure accuracy, Iraq Business News accepts no responsibility for any errors, omissions, or misinterpretations. […]
By John Lee. The Institute for Financial Integrity (IFI) has launched its Fundamentals of Financial Crime Compliance training program, in partnership with the American University of Iraq - Baghdad (AUIB), the Central Bank of Iraq (CBI), and K2 Integrity (K2i). The first two programs were held in July and August of this year, and the […]
By John Lee. The Central Bank of Iraq (CBI) has issued a statement clarifying the objectives and functions of its Investment Department: [See also: CBI Instructions for Exchanging Dinars and CBI Denies Dinar Revaluation Rumours as Inflation Falls] Objectives To mitigate risks associated with the investment of foreign reserves whilst achieving acceptable returns thereon. To […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dinar RV: What Does Sudani's Victory Mean for Speculators? Following Tuesday's parliamentary election, Iraqi Prime Minister Mohammed Shia Al-Sudani's Reconstruction and Development coalition emerged as the largest bloc in the new assembly. Predictably, […]
