Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
Iraqi Government, EU, IMF, UNAMI, and World Bank representatives participate at IBBC’s annual retreat in Windsor Dara Rasheed, Iraq’s acting Minister of Housing and Construction, Jan Kubis, Head of UNAMI and Special Representative of the United Nations for Iraq, Robert Bou Jaoude, World Bank’s Special Representative for Iraq, Patrick Simmonet, EU Ambassador to Iraq and […]
The Executive Board of the International Monetary Fund (IMF) on Thursday approved a three-year Stand-By Arrangement (SBA) for Iraq for SDR 3.831 billion (about US$5.34 billion, or 230 percent of quota) to support the government’s economic reform program. The Board’s approval enables the disbursement of SDR 455 million (about US$634 million). In July 2015, Iraq […]
By John Lee. The United States is to extend a $2.7-billion foreign military finance credit facility to Iraq. According to reports from Associated Press, the deal will allow Iraqi security forces to defer payment for the purchase of ammunition and maintenance of its F-16 aircraft and M1A1 Abrams tanks. The agreements grants Iraq a one-year […]
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 Wednesday. A total of $151,374,269 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 33 banks and 17 remittance companies took part in its currency auction on Tuesday. A total of $144,725,099 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 30 banks and 17 remittance companies took part in its currency auction on Monday. A total of $140,489,450 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 33 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $144,400,457 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 17 remittance companies took part in its currency auction on Sunday. A total of $135,480,000 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 26 banks and 17 remittance companies took part in its currency auction on Thursday. A total of $132,094,500 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 33 banks and 17 remittance companies took part in its currency auction on Wednesday. A total of $141,099,972 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 31 banks and 17 remittance companies took part in its currency auction on Tuesday. A total of $137,785,347 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq has reportedly approved measures requested by the International Monetary Fund (IMF) to unlock loans of $5.4 billion over the coming three years. An adviser to Prime Minister Haider al-Abadi told Reuters that the agreement is "on track". Among the measures approved is the settling of all arrears owed to foreign oil […]
