Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. "Deleting the Zeros" -- What Iraq Actually Said, and What It Means for Your Investment Few phrases in the Iraqi dinar speculation world generate more excitement than "deleting the zeros." It surfaces in […]
By John Lee. More than half a tonne of imported gold has entered Iraq via Baghdad International Airport (BIAP) over the past two days, according to the Ministry of Planning. The shipments, comprising jewellery and bullion, totalled approximately 300 consignments. The Ministry stated that inspection and hallmarking procedures are being carried out continuously to facilitate […]
By John Lee. Rasheed Bank has been authorised to contract Ernst & Young (EY) to carry out financial and banking audit and oversight work, as part of Iraq's banking sector reform programme. The decision was approved on Tuesday during a regular session of the Council of Ministers chaired by Prime Minister Mohammed Shia Al-Sudani. The […]
By John Lee. The gap between Iraq's official and parallel market exchange rates for the dinar widened from mid-December 2025 before stabilising in early March 2026, reflecting shifts in import demand and recent customs reforms. Ahmed Tabaqchali, in his latest monthly report for Iraq Business News, says the divergence was driven by increased demand for […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of March: You Bought Iraqi Dinars. Now What? Is the Dinar Your Retirement Plan? Dinar-Dollar Exchange Rate: Iran War has Little Impact IQD in the Crossfire: What a Trump-Iran Conflict Could Mean for Iraq's Dinar 2026: The Year Iraqi […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. You Bought Iraqi Dinars. Now What? You made the purchase some time ago -- maybe a few years back, maybe longer. You heard the pitch: Iraq sits on some of the world's largest […]
By John Lee. The Central Bank of Iraq (CBI) has announced a series of measures to address issues affecting Iraqi banks restricted from dealing in US dollars. In remarks reported by the state-run Iraqi News Agency (INA), Ahmed Dawood Salman, Director of Transfers at the CBI, said the bank is working with international audit firms, […]
By John Lee. S&P Global Ratings has placed the 'B-' rating on First Iraq Islamic Bank For Investment And Finance JSC on CreditWatch with negative implications. It added: "A sharp decline in oil production tied to the increased escalation of the Middle East conflict could lead us to downgrade Iraq, which could, in turn, affect […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Payroll Cliff: Why the Dinar Can't Be Your Retirement Plan For two decades, promoters of the Iraqi dinar as an investment have pointed to the country's oil wealth and whispered of an […]
By John Lee. S&P Global Ratings has placed its 'B-' long-term sovereign credit ratings on Iraq on CreditWatch with negative implications. It affirmed 'B' short-term foreign and local currency ratings and 'B-' transfer and convertibility assessment. It added: "The CreditWatch negative reflects the risk of a downgrade for Iraq due to a sharp fall in oil […]
By John Lee. State-owned Rafidain Bank has launched the 59th round of its "Leadership and Excellence" initiative to support small and medium-sized enterprises (SMEs). According to the bank, the new round allocates a total of IQD 1 billion (approximately $763,000) to 93 beneficiaries. The programme forms part of the entrepreneurship financing initiative supported by the Central […]
By John Lee. The Central Bank of Iraq (CBI) has announced a public tender for the supply of computer equipment in accordance with the technical specifications outlined in the bank's standard procurement documentation. The tender has an estimated total value of IQD 767,500,000 (approximately USD 586,000) and will be funded from the central bank's 2026 capital […]
