Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
The Iraqi authorities and the staff of the International Monetary Fund (IMF) continued discussions in Washington during October 6–10, 2016 on the first review of Iraq’s 36-month Stand-By Arrangement (SBA) approved by the IMF Executive Board on July 7, 2016. Mr. Christian Josz, Mission Chief for Iraq, issued the following statement: “The Iraqi authorities have […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 14 remittance companies took part in its currency auction on Tuesday. A total of $152,653,486 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 12 remittance companies took part in its currency auction on Monday. A total of $149,509,399 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 14 remittance companies took part in its currency auction on Thursday. A total of $135,754,750 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali al-Alak, has reportedly said that Iraq's foreign reserves have dropped to $50 billion. According to a report from Reuters, this is down from $59 billion at the end of October 2015. Prime Minister Haider al-Abadi has announced plans to narrow the public […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 14 remittance companies took part in its currency auction on Wednesday. A total of $138,951,680 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 14 remittance companies took part in its currency auction on Tuesday. A total of $134,594,472 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 15 remittance companies took part in its currency auction on Thursday. A total of $110,371,703 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Omar Sattarfor Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. What's the status of IMF loan as Iraq dismisses finance minister? Prior to his dismissal Sept. 21, Iraqi Finance Minister Hoshyar Zebari ran successful negotiations with international banks to obtain […]
A recent poll found that support for popular conspiracy theories is strongest among Donald Trump supporters. But is it also true that Trump supporters are more likely to believe that the Iraqi Dinar will re-value by something of the order of 1,000 times, turning a $1,000 'investment' into $1,000,000 overnight? Please tell us your opinion […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 15 remittance companies took part in its currency auction on Sunday. A total of $115,388,428 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 15 remittance companies took part in its currency auction on Sunday. A total of $114,221,577 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
