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By John Lee.

The Central Bank of Iraq (CBI) has reported that 27 banks and 16 remittance companies took part in its currency auction on Tuesday.

A total of $216,435,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 27 banks and 15 remittance companies took part in its currency auction on Tuesday.

A total of $216,435,000 sold at a price of 1166 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 11 remittance companies took part in its currency auction on Tuesday.

A total of $209,596,759 sold at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 23 banks and 7 remittance companies took part in its currency auction on Sunday.

A total of $175,008,113 sold at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 21 banks and 6 remittance companies took part in its currency auction on Thursday.

A total of $163,844,494 sold at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 19 banks and 12 remittance companies took part in its currency auction on Tuesday.

A total of $183,935,819 sold at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 25 banks and 8 remittance companies took part in its currency auction on Monday.

A total of $235,790,719 sold at a price of 1166 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 9 remittance companies took part in its currency auction on Thursday.

A total of $223,122,249 sold at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

By John Lee.

Egypt has finalised a farm-in at Iraq's Block 9 area in Basra province on Wednesday.

Under the agreement, Kuwait Energy (KEC) will give up 10 percent of the concession, leaving it with a 60 percent share.

According to a report from Reuters, this is the first time that the state-owned Egyptian General Petroleum Corporation (EGPC) will search for oil outside its own borders.

Production at the first well in the block, Fayhaa 1, is expected to begin in October at 5,000 barrels per day (bpd), increasing to 150,000 bpd by 2020-21.

Block 9 was originally granted to KEC (40%), Türkiye Petrolleri Anonim Ortaklığı (TPAO, Turkish Petroleum) (30%), and Dragon Oil (30%), but the Iraqi government expelled TPOA, following which KEC took over the TPOA share.

(Source: Iraqi Ministry of Oil, Reuters)

By John Lee.

The Central Bank of Iraq (CBI) has reported that 23 banks and 16 remittance companies took part in its currency auction on Wednesday.

A total of $264,748,636 sold at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)