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, 11th Feb

By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 19 remittance companies took part in its currency auction on Thursday. A total of $130,183,718 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 10th Feb

By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 19 remittance companies took part in its currency auction on Wednesday. A total of $120,740,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

UK Software Firm Wins Contract with TBI

UK-based financial software company Misys announced today that it has been selected by Trade Bank of Iraq (TBI) as a strategic partner to assist the bank in upgrading to a next generation digital platform in order to gain a competitive edge in Iraq’s growing banking industry. Hamdiyah Mahmood Faraj Al-Jaff, Chairman, Trade Bank of Iraq […]

Currency Auction Results, 9th Feb

By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $121,075,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 5th Feb

By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks and 20 remittance companies took part in its currency auction on Thursday. A total of $138,559,667 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 3rd Feb

By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 20 remittance companies took part in its currency auction on Wednesday. A total of $145,982,444 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 28th Jan

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 Wednesday. A total of $150,002,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 27th Jan

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)

KRG and US Delegation discuss Financial Crisis

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, […]

Currency Auction Results, 24th Jan

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)

Al-Abadi Meets with World Bank President

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 […]

Currency Auction Results, 21st Jan

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)