Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, announced on Sunday that Iraq is currently witnessing the lowest inflation levels in its modern history. Speaking at the Iraq Investment Forum, he said that the country enjoys "comfortable" foreign currency reserves capable of defending the exchange rate, while monetary […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed For over two decades, fraudulent promoters and self-proclaimed "dinar gurus" have perpetuated an elaborate investment scam centered around the Iraqi dinar (IQD). Despite […]
By John Lee. The Second Karkh Investigation Court in Baghdad has recovered 2 billion Iraqi dinars [$1.5 million] in connection with a financial fraud case. According to the Supreme Judicial Council, the funds were retrieved from two companies that had illegally profited from discrepancies in the dollar exchange rate through fraudulent foreign transfer operations. The […]
From XTransfer. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. IQD Myths and Realities What the Future Holds for Dinar Investors Many investors think the dinar is a way to get rich fast. But some people worry they might lose money. The iraqi currency […]
From the European Bank for Reconstruction and Development (EBRD): The European Bank for Reconstruction and Development (EBRD) is welcoming Iraq as a country of operation. In parallel, Catarina Bjorlin Hansen has been appointed as the Bank's first Head of Iraq. Ms Bjorlin Hansen will be responsible for EBRD investments and operations in the country and report […]
IFC Marks 20 Years of Partnerships for Impact in Iraq, Announces $1bn in New Investments The International Finance Corporation (IFC), a member of the World Bank Group, held an IFC Partnerships Day in Baghdad on Saturday, under the patronage of His Excellency Mr. Mohammed Shia' al-Sudani, Prime Minister of Iraq, to mark two decades of […]
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Alaq has met with Bank of England Governor Andrew Bailey in London to discuss strengthening cooperation between the two institutions. Talks focused on digital transformation, lessons from the Bank of England's recent banknote modernisation, and studies on digital currencies. Al-Alaq also highlighted Iraq's monetary […]
By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani Al-Sawad, has met with the World Bank's Director on the sidelines of the Gastech exhibition and conference. The discussions covered issues related to oil and the wider economy. The meeting was also attended by Deputy Minister for Gas Affairs, […]
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 […]
