Archive | Iraq Banking & Finance News

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

Ideal Payments Launches Mobile App in Iraq

Banking Technology reports that Ideal Payments has teamed with Taif Money Transfer to launch Iraq’s “first” mobile payments app – Taif eWallet. The platform aims to create a “holistic payments ecosystem” used by multiple agents in the economy including retail merchants, ecommerce platforms, private companies, and government institutions. Ideal Payments’ local partner, Taif Money Transfer, […]

Currency Auction Results, 5th Sept

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 Monday. A total of $127,474,300 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 31st Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of $133,884,851 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 30th Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 15 remittance companies took part in its currency auction on Monday. A total of $125,837,738 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 29th Aug

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 Monday. A total of $133,530,024 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 11th Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 16 remittance companies took part in its currency auction on Thursday. A total of $154,014,920 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 9th Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $119,656,855 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 8th Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 16 remittance companies took part in its currency auction on Monday. A total of $142,501,527 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 7th Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 16 remittance companies took part in its currency auction on Sunday. A total of $139,049,987 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Ahli raises Stake in Commercial Bank of Iraq

By John Lee. Bahrain’s largest lender has increased its stake in the Commercial Bank of Iraq, according to Gulf News. In a stock exchange statement, Ahli United Bank (AUB) said it had bought an additional 25 billion shares -- equivalent to 10 percent of the shares -- bringing its holding to 64.71 percent. (Source: GulfNews)

Currency Auction Results, 31st July

By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 16 remittance companies took part in its currency auction on Sunday. A total of 162,823,950 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 28th July

By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 17 remittance companies took part in its currency auction on Thursday. A total of $140,261,784 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)