Archive | Iraq Banking & Finance News

Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.

CBI Governor Named Deputy Head of Arab Monetary Body

By John Lee. Nizar Nasser Hussein, Governor of the Central Bank of Iraq (CBI), has reportedly been elected Deputy Chair of the Council of Governors of Arab Central Banks and Monetary Institutions. According to the state-run Iraqi News Agency (INA), the position is described as the second-highest in the Arab world in the fields of […]

Top 10 Dinar Articles from September

The following were the ten most read dinar-related articles on Iraq Business News for the month of September: Illegal Currency Network Dismantled as Dinar Weakens Iraq "Considers New Banknote Series" You Bought Iraqi Dinars. Now What? 2026: The Year Iraqi Dinar Speculators Finally Strike Gold? Will the Iraqi Dinar Revalue on Sovereignty Day? The Iraqi […]

IPBL and IFC Training on Risk Management for Iraqi Banks

By John Lee. A specialist training course on risk management and environmental, social, and governance (ESG) standards has been held for staff from a number of banks operating in Iraq. The course was organised by the Iraqi Private Banks League (IPBL) in cooperation with the International Finance Corporation (IFC), a member of the World Bank […]

Illegal Currency Network Dismantled as Dinar Weakens

By John Lee. An unlicensed currency exchange and money transfer network has been dismantled in Baghdad, with five suspects arrested and $240,000 seized. According to Iraq's Ministry of Interior, the operation was carried out by units of the Federal Intelligence and Investigations Agency (FIIA). The suspects were operating in several districts on the Rusafa side […]

CBI Rebuffs Speculation Over Foreign Currency Reserves

By John Lee. The Central Bank of Iraq (CBI) has stated that its foreign reserves are sufficient to meet all demand for foreign currency, including trade financing, bank card settlements, and travellers' cash requests at the official exchange rate. According to the CBI, the recent rise in the exchange rate on local markets is attributable […]

World Bank discusses Automation and Financial Reform in Iraq

By John Lee. Iraq's Ministry of Finance has held talks with a World Bank delegation on financial reform, automation projects, and the development of financial management tools. The delegation was led by Dalia Khalifa, Regional Director for the Middle East, and Emmanuel Salinas, World Bank Country Director for Iraq. Finance Minister Faleh Sari said the […]

EBRD and EU Boost Trade Finance in Iraq

By John Lee. A $25 million trade finance facility has been extended to Bank of Baghdad, one of Iraq's leading private-sector banks, under the European Bank for Reconstruction and Development (EBRD)'s Trade Facilitation Programme (TFP). According to the EBRD, the facility will support Bank of Baghdad in increasing its import and export transactions, expanding its […]

Iraq "Considers New Banknote Series"

By John Lee. Iraq is considering replacing its current banknote series with a new issue, aiming to withdraw counterfeit, damaged and stolen notes from circulation and draw hoarded cash back into the banking system. According to 964 Media, discussions within the Central Bank of Iraq (CBI) and the parliamentary Finance Committee are focusing on a […]