Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 22 remittance companies took part in its currency auction on Tuesday. A total of $116,446,881 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 28 banks and 21 remittance companies took part in its currency auction on Sunday. A total of $110,637,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Simon Kent. Iraqi Central Bank Governor Ali Al-Alak has said that Iraq is issuing bonds to the value of around $2 billion in the next few months, following last year's aborted issuance after investors demanded too high a yield. At the time, investors demanded an 11% yield on the bonds, and the issuance was handled […]
By John Lee. A central bank manager in the Kurdistan region has reportedly been arrested as part of a probe into an alleged illegal bond trading scheme. Reuters reports that the scheme may have cost the KRG more than one billion dollars. Adham Karim, the head of the Central Bank of Iraq (CBI) in Erbil, […]
The Iraq Britain Business Council (IBBC) will be holding its Spring Conference on April 27 at Mansion House and on April 28 at Vintners' Hall in London. In recent weeks considerable political debate has taken place in Iraq following Prime Minister Abadi’s announcement of a technocrat reshuffle of his cabinet. It seems that the motto of the conference - ‘Iraq […]
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 Wednesday. A total of $105,795,219 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 21 remittance companies took part in its currency auction on Tuesday. A total of $105,021,085 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 21 remittance companies took part in its currency auction on Monday. A total of $90,879,740 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Prime Minister Haider Al Abadi's nomination for the position of Finance Minister has withdrawn his candidacy, a week after the withdrawal of his proposed Oil Minister. According to Gulf Today, Ali Allawi (pictured) cited “political interventions and partisan bickering” for his decision. The US-educated former banker had already served as finance minister […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 19 remittance companies took part in its currency auction on Wednesday. A total of $83,766,051 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Antigua's opposition is planning to stage a public rally against government plans to establish an embassy in Iraq, and to allow Iraqis to become citizens under the Citizenship by Investment Programme (CIP). Under the CIP programme, foreign individuals can effectively buy citizenship, which allows them access to the European Union via the […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 22 remittance companies took part in its currency auction on Tuesday. A total of $105,341,338 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
