Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. Ali Abdul-Reza Hassan al-Alwan has been appointed chairman and board president of state-owned Trade Bank of Iraq (TBI). The appointment was made by order of the Prime Minister. Al-Alwan said the coming period would focus on consolidating the bank's development trajectory and strengthening its institutional performance through a strategic vision and integrated […]
By John Lee. A $75 million trade finance facility has been agreed between the European Bank for Reconstruction and Development (EBRD) and Al Mansour Bank for Investment (MBI), one of Iraq's leading private-sector banks. The facility is provided under the EBRD's Trade Facilitation Programme (TFP) and will offer guarantees and cash advances to support MBI's […]
By John Lee. The governors of Iraq's and Iran's central banks have met in Baghdad to discuss financial and banking cooperation between the two countries. According to the Central Bank of Iraq (CBI), the meeting was attended by Nizar Nasser Hussein, the CBI Governor, and his Iranian counterpart, Abdolnaser Hemmati, along with Iran's Ambassador to […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to Drop Zeros From Its Currency as Dinar Redenomination Returns? Iraq's Communications Minister Mustafa Sanad says Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank […]
By John Lee. Electronic applications for loans from the Iraqi Housing Fund are to open on 23 August for a four-day period, with each day allocated to a different group of governorates. Applications open at 10am on the day assigned to each governorate. According to the Ministry of Construction, Housing and Public Municipalities, the schedule […]
By Matt Smith, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Bank Reforms Could Open up Sector for Regional Investors Last month the Central Bank of Iraq said that seven previously restricted banks had been given […]
By John Lee. SwiftPayIQ, a technical intermediary platform developed and operated by Baghdad-based Palace Tech for Software Solutions LLC, has launched a service connecting Iraqi online merchants with licensed electronic payment gateways, providing streamlined merchant onboarding, electronic invoicing and payment links. Abdullah Al-Fayyadh, CEO of Palace Tech, told Iraq Business News that merchant verification, compliance […]
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Debt Hits Record High as Hormuz Crisis Drains Revenues Iraq's borrowing accelerated in the first five months of the year as the government fought to […]
By John Lee. A shipment of $500 million in cash has arrived in Iraq from the US Federal Reserve, destined for the Central Bank of Iraq (CBI). According to the state-run Iraqi News Agency (INA), an official source confirmed the delivery, stating that the funds will be used for transactions related to travellers and external […]
By Hawre Tofiq, for Draw Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Federal Government Considers Removing Three Zeros from Dinar With the closure of the Strait of Hormuz due to conflict, Iraq's oil export routes have been severely restricted and overall […]
By John Lee. The Central Bank of Iraq (CBI) and the Communications and Media Commission (CMC) have held talks on regulating digital payment services and developing the legislative framework for Iraq's digital economy. According to the CBI, Governor Nizar Nasser Hussein met the Commission's executive head, Balig Abu Kallal, to discuss a range of issues, […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of July: Iraq's Central Bank Tightens Foreign Currency Rules Iraqi PM in Washington: What His Trip Actually Means for the Dinar U.S. "Resumes Dollar Transfers to Iraq" You Bought Iraqi Dinars. Now What? CBI to Launch New Initiatives for […]
