By John Lee. The Trade Bank of Iraq (TBI) has issued a Visa Debit Gold Card for dollar-denominated accounts currency, according to a statement from the bank, reported by AKnews. The statement quoted director general of the bank, Hamdiya al-Jaff [Hamdiya Al-Jaf, Hamida al-Jaf], as saying: "The issuance of such cards encourage citizens to deal […]
Archive | Iraq Banking & Finance News
Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
Most Iraqi Banks Meet New Capital Requirements
By John Lee. Most of Iraq's 34 private banks have met the central bank's 30th June deadline to reach the 150 billion Iraqi dinar ($128.8 million) capital requirement, reports Reuters.
Tags: Capital Increases
"No Appropriate Time" to Delete Zeros from Iraqi Dinar
By John Lee. MP Abdul Hussein Raisan, of the Ahrar bloc, has said that deleting the three zeros from the Iraqi currency was "inappropriate due to the present economic conditions". Citing a lack of real reforms in the banking sector, he said that the economic situation is not suitable for such a change, according to a […]
Tags: dinar, Dinar Revaluation News, IQD, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
Cabinet Approves $9.4bn Supplementary Budget
Iraq's cabinet has approved a supplementary budget for 2012 of 10.875 trillion Iraqi dinar ($9.35 billion), in addition to the $100.5 billion package agreed by parliament in February which was based on an average world oil price of $85 a barrel and crude oil exports of 2.6 million bpd. According to Reuters, budgetary matters usually […]
Tags: Ali al-Dabbagh, Iraq Budget News
Iraqi Dinar Investments: Opportunity or Scam?
Better Business Bureau (BBB) is warning consumers across the United States to be wary when considering any foreign currency investment, particularly the Iraqi dinar. Over the years, BBB complaints nationwide about dinar investments allege a number of scams surrounding the profit potential of dinar currency investments. For this reason, BBB advises consumers looking to buy […]
Tags: Better Business Bureau, Corruption, dinar, Dinar Revaluation News, IQD, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
Deleting Zeros from Dinar "Needs Further Deliberations"
The Iraqi Central Bank (ICB) said on Sunday that the deletion of zeros from the currency still needs further deliberations with relevant institutions, according to a report from AKnews. The ICB added that it is seeking to make the Iraqi currency stronger and more stable through new mechanisms with regard to dealing with banks for […]
Tags: Central Bank of Iraq News | CBI Iraq, dinar, Dinar Revaluation News, IQD, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th June 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,321 / $1.440, (+0.9%) (weekly change). The number of week traded shares was 3.3bn and the weekly trading volume was ID6.5bn ($5.5mn). ISX Company […]
Parliament and Finance Cmte Support "Revalue" (sic) of Iraqi Dinar
The Iraqi Parliament and the Finance Committee support the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency, according to a report from AKnews. The CBI has announced that it has finalized plans to remove three zeros from the Iraqi currency in order […]
Tags: Central Bank of Iraq News | CBI Iraq, dinar, Dinar Revaluation News, IQD, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Tags: Al Hal, Baghdad, Basra News, DNO, Dunia Frontier Consultants, ENI, Erbil News, Exxon, ExxonMobil, Genel Energy, Gorran, Gulf Keystone, Heritage Oil, Iraq Banking & Financial News, Iraq Oil Exports News, Iraqi Parliament, Karbuli, KDP, KRG, Kurdistan News, LUKoil, Muqtada al-Sadr, Oil & Gas, PUK, Rosneft, Shell, Statoil, Total, Weatherford
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Tags: Afren, Athil al-Nujaifi, Bashiqa, DNO, Dunia Frontier Consultants, Exxon, ExxonMobil, Genel, Gorran, Gulf Keystone, Hunt Oil, Jalal Talabani, KDP, Kirkuk, MOL, Ninewa, Nujaifi, PUK
ICB Grants Licences to Private Banks for more Branches
The Iraqi Central Bank (ICB) said it is granting licences to "a limited number" of private banks to increase their branches in Iraq. Deputy governor Muzher Mohammed Saleh said more than 40 banks were granted the licences. Iraq has about 800 bank branches, and the ICB has required all banks to have at least 250 […]
Kurdistan's Finance Minister can't Increase Housing Grants
AKnews reports that Kurdistan's Minister of Finance and Economy says he cannot afford to increase the housing grant. Bayiz Talabani [Bayiz Saeed Mohammad Talabani] (pictured) attended a budget meeting on Thursday to answer reports of parliamentary committees. Talabani said: "Now 18,000 staff and civil servants get paid from the Kurdistan Regional Government." It was suggested […]