Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
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 […]
By John Lee. The Central Bank of Iraq (CBI) has reported a significant increase in its gold reserves, which form a key component of the country's foreign reserves. During the second quarter of 2025, gold reserves reached 22.8 trillion dinars [$17.4 billion], marking a 55 percent rise compared to 14.7 trillion dinars recorded in the […]
By John Lee. The Central Bank of Iraq (CBI) has reported a decline in issued currency, contributing to lower inflation rates and supporting price stability. In the second quarter of 2025, issued currency amounted to 98.4 trillion dinars [$75.1 billion], reflecting a 3.8 percent decrease compared to 102.3 trillion dinars in the same period of […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting on Sunday to follow up on the implementation of the government's "Riyada" initiative and the disbursement of youth loans for qualified applicants. Al-Sudani highlighted the initiative's positive reception among young people, describing it as a foundation for a new labour market reality, encouraging private […]
By John Lee. Iraq's Rafidain Bank has signed a professional partnership agreement with U.S.-based consultancy K2 Integrity (K2i), during a ceremony hosted by the Embassy of the Republic of Iraq in Washington. The agreement is grounded in Iraqi Cabinet Resolution No. (23274) of 2023. K2 Integrity will deliver a wide range of services, including anti-money laundering […]
