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 25 banks and 22 remittance companies took part in its currency auction on Wednesday. A total of $153,493,843 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Following a recent visit by senior Kurdistan Regional Government, KRG, delegation to the United States to brief the US Administration about the financial crisis in the Kurdistan Region, and to request US support, yesterday Prime Minister Nechirvan Barzani received the US Ambassador to Iraq, Mr. Stewart Jones and his accompanying diplomatic team. In the meeting, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks and 20 remittance companies took part in its currency auction on Sunday. A total of $164,175,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Prime Minister Dr. Haider Al-Abadi met the President of the World Bank, Mr. Jim Yong Kim, and his accompanying delegation on Thursday on the sidelines of the World Economic Forum in Davos. During the meeting, they discussed the World Bank's support for Iraq with expertise and simplification of procedures and help to reform the banking […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 21 remittance companies took part in its currency auction on Monday. A total of $168,893,166 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Kurdistan Regional Government Prime Minister, Nechirvan Barzani and Deputy Prime Minister, Qubad Talabani, have held a meeting with the governors of Erbil, Sulaymani and Duhok to discuss ways to address the current financial crisis in the Kurdistan Region. In the meeting, which was also attended by the KRG Minister of Interior and a number of […]
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 Monday. A total of $149,901,714 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 22 banks and 21 remittance companies took part in its currency auction on Thursday. A total of $172,403,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. According to a report from the International Monetary Fund (IMF), the fall in oil prices is causing a sharp deterioration of Iraq's fiscal position. The analysis finds that the budget deficit increased from 6 percent of GDP in 2014 to 15 percent of GDP in 2015 and a projected 10 percent of […]
By John Lee. According to a report from the International Monetary Fund (IMF), the fall in oil prices since mid-2014 is expected to shift the current account balance from a surplus of 1 percent of GDP in 2014 to a deficit of 7 percent of GDP in 2015 and 6 percent of GDP in 2016. […]
Ooredoo is expanding its mobile financial services (MFS) following the launch of AsiaHawala exclusively with Asiacell, part of Ooredoo Group, in December 2015. AsiaHawala is the first-ever mobile money service provider to launch in Iraq, licenced by the Central Bank of Iraq. The service enables Asiacell customers to make a number of Mobile Money transactions […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Conflict Currency: Fear That New 50,000 Dinar Notes Will Hurt Low Income Iraqis Iraq's Central Bank has issued new 50,000 dinar notes. But it could have a particularly negative impact […]
