Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. Iraq's state-owned Rafidain Bank has announced the release of the tenth tranche of its "Entrepreneurship and Excellence" initiative, financing 80 projects with 1 billion Iraqi dinars each. This brings the total number of projects funded since the programme's launch to 1,735, with cumulative financing of 22.94 billion dinars. The initiative, launched under […]
By John Lee. The Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Allaq, met in Baghdad with Titon Mitra, the new Resident Representative of the United Nations Development Programme (UNDP) in Iraq. Talks focused on technical advisory cooperation regarding the regulatory framework for e-commerce, aiming to strengthen consumer protection and create a safe environment for […]
From The Economist. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The World's Surprise Boomtown: Baghdad Iraq's population has grown by 20 million since America's invasion. Read the full article here (subscription needed).
By John Lee. The Central Bank of Iraq (CBI) has announced the launch of inter-wallet money transfer services, enabling individuals and businesses to conduct financial transactions with greater speed and flexibility. The new services include: Inter-wallet transfers between verified permanent wallets across different service providers. Inter-wallet transfers from verified permanent wallets to merchant wallets across […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of August: Iraqi Central Bank Reduces Supply of Dinars Iraqi Dinar Prospects: Reality Check After Six Months of Trump Donald Trump and the "Great Iraqi Dinar Revaluation" Iraq Reduces Foreign Debt Liabilities Iraq's Central Bank Reports 55% Growth in […]
By John Lee. The Central Bank of Iraq (CBI) has announced the launch of the "Al-Samawal" campaign starting on 1st September 2025, in cooperation with banks and electronic payment service providers, as part of the National Financial Inclusion Strategy (2025-2029). The initiative aims to raise financial awareness, provide free bank account openings for traders and […]
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Central Bank of Iraq suggests delay to reform plan on pressure from private banks The Central Bank of Iraq [CBI] has revised its road map for the highly anticipated […]
By John Lee. International Development Bank (IDB) has announced the opening of Iraq's first smart banking branch, located at its headquarters on Abu Nuwas Street in Baghdad. According to a statement from the bank, the new facility provides customers with a fully digital banking experience, designed to be fast, secure, and integrated, and is available […]
By John Lee. The Central Bank of Iraq (CBI) branch in Mosul has signed a cooperation agreement with Al-Hadba University to strengthen collaboration with academic institutions. The agreement includes delivering lectures on financial inclusion, organising scientific seminars, and supporting the publication of research. The CBI will also provide the university with its latest reports and […]
By John Lee. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) has supported the Central Bank of Iraq (CBI) and the Iraqi Private Banks League (IPBL) in launching the Access to Finance Guide, co-funded by the European Union (EU) and the Federal Republic of Germany. The initiative forms part of the Team Europe Initiative TAEUFIQ. The […]
By John Lee. The Central Bank of Iraq (CBI) has announced an increase in the ratio of total credit to total deposits, reflecting stronger lending activity and support for economic growth. The ratio reached 61 percent in the second quarter of 2025, up from 55 percent in the same period of 2024, representing an 11 […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has directed the formation of a joint national team to strengthen Iraq's financial and economic standing internationally. The team will be chaired by the Governor of the Central Bank of Iraq and include representatives from the Ministries of Finance, Oil, and Planning, along with specialised economic and […]
