Archive | Iraq Banking & Finance News

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

Currency Auction Results, 16th May

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 Monday. A total of $126,346,187 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 12th May

By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 19 remittance companies took part in its currency auction on Thursday. A total of $144,348,479 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 9th May

By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 17 remittance companies took part in its currency auction on Wednesday. A total of $153,253,181 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 9th May

By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 12 remittance companies took part in its currency auction on Tuesday. A total of $98,756,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Iraq sells $1.3bn in Local Bonds

By John Lee. According to a report from Reuters, the Central Bank of Iraq (CBI) has started selling local bonds worth 1.5 trillion Iraqi dinars ($1.29 billion). The first local bonds sale to the public since 2003 is aimed at relieving the government budget deficit caused by falling oil prices and the costs of fighting […]

Currency Auction Results, 9th May

By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 19 remittance companies took part in its currency auction on Monday. A total of $96,533,333 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 5th May

By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 20 remittance companies took part in its currency auction on Sunday. A total of $99,419,070 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 5th May

By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 22 remittance companies took part in its currency auction on Thursday. A total of $104,668,417 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 4th May

By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 22 remittance companies took part in its currency auction on Wednesday. A total of $109,224,885 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 2nd May

By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 20 remittance companies took part in its currency auction on Monday. A total of $96,077,314 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

$375m Financing Deal for Power Sector

By John Lee. Dimitris Tsitsiragos, the Vice President of the World Bank's private sector investment arm, told Reuters on Thursday that the bank had arranged $375 million in financing for an Iraqi power company. The International Finance Corporation (IFC) will provide a debt and equity package of $250 million, with another $125 million from Lebanon's […]

Currency Auction Results, 28th Apr

By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 22 remittance companies took part in its currency auction on Thursday. A total of $121,558,416 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)