Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By Valentina Pasquali, 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. ZainCash CEO: Iraq is 5 years behind in digital payments A burgeoning youth market is driving adoption of digital payments in Iraq, but deep-rooted reliance on […]
By John Lee. The head of the Federal Commission of Integrity, Dr. Mohammed Ali Al-Lami, has stressed the importance of using parallel financial investigations as a tool for tracking the proceeds of corruption crimes and exposing their pathways. Speaking during a meeting with the Governor of the Central Bank of Iraq (CBI), Nizar Nasser Hussein, […]
From The New York Times. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. U.S. Resumes Dollar Transfers to Iraq After Monthslong Suspension The Trump administration had halted the shipments to Iraq as part of its efforts to pressure the Baghdad government to distance itself […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of June: Iraqi Central Bank Rejects Rumours of New Dinar Rate You Bought Iraqi Dinars. Now What? "Deleting the Zeros": What Iraq Actually Said, and What It Means for Your Investment 2026: The Year Iraqi Dinar Speculators Finally Strike […]
By Bassam Raad, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Financial Transformations in Iraq (2014-2024): Money Supply Growth and Rising Domestic Debt Iraq's fiscal and monetary policy underwent significant changes over the past decade. Figures […]
By John Lee. The newly-appointed Governor of the Central Bank of Iraq (CBI), Nizar Nasser Hussein, received US Embassy Chargé d'Affaires Joshua Harris to discuss financial and economic cooperation. The meeting covered strengthening strategic cooperation, supporting monetary and economic stability, and advancing banking sector reforms. Harris said the United States supports efforts to strengthen stability […]
By John Lee. A formal handover ceremony has taken place at the Central Bank of Iraq (CBI), with Nizar Nasser Hussein (pictured, right) assuming the role of governor from his predecessor, Ali Mohsen Al-Alaq. Prime Minister Ali al-Zaidi presided over the ceremony on Sunday. Al-Zaidi stressed the importance of continuing banking reform programmes, achieving financial […]
By John Lee. A number of banks previously restricted from conducting dollar transactions have now completed the requirements of the Central Bank of Iraq (CBI)'s reform plan and met the relevant supervisory and technical standards, including strengthening their anti-money laundering and counter-terrorism financing frameworks. The CBI said the reinstatement of these banks to foreign currency […]
By John Lee. Iraq has been added to the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring -- commonly known as the grey list -- following the organisation's June 2026 plenary session. Iraq made a high-level political commitment to work with the FATF and MENAFATF to strengthen the effectiveness of its anti-money […]
By John Lee. The Central Bank of Iraq (CBI) has firmly denied reports that it intends to change the exchange rate of the Iraqi dinar. In a statement, it said a forged document is being circulated claiming that the Prime Minister's office had submitted a request to the Finance Committee of the Council of Representatives […]
By John Lee. S&P Global Ratings has affirmed its 'B-' long-term and 'B' short-term foreign- and local-currency sovereign credit ratings on Iraq. It added: "We removed the long-term ratings from CreditWatch, where we placed them with negative implications on March 17, 2026. The outlook on the long-term ratings is negative." More details, including economic stats, […]
By John Lee. The Central Bank of Iraq (CBI) has issued a clarifying statement rejecting characterisations of its treasury discounting operations as currency printing, and reaffirming its commitment to monetary stability. In a statement on Sunday, it said discounting treasury bills provides temporary liquidity against an existing government debt instrument, which is recovered at maturity. […]
