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Currency Auction Results, 30th Sept

By John Lee.

The Central Bank of Iraq (CBI) has reported that 20 banks took part in its currency auction on Tuesday.

A total of $224,644,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

Posted in Iraq Banking & Finance News Comments Off on Currency Auction Results, 30th Sept

Currency Auction Results, 29th Sept

By John Lee.

The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Monday.

A total of $201,637,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

Posted in Iraq Banking & Finance News Comments Off on Currency Auction Results, 29th Sept

Security Ministries on Hold

By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

After four years of having a vacuum in the ministries of defense and interior, the issue has resurfaced in Iraq under complicated security conditions and as the country faces the Islamic State (IS) threat.

The Iraqi parliament failed to choose defense and interior ministers in its Sept. 16 session, refusing the candidates suggested by Prime Minister Haider al-Abadi (pictured). The session was adjourned for two days and the issue was suspended from the agenda until further notice.

During the session, no one asked how the Iraqi parliament had voted Sept. 8 for Abadi as prime minister, general commander of the armed forces and acting minister for the ministries of defense and interior, but refused to vote for Abadi’s candidates to assist him in his mission.

Abadi had firmly told the parliament that he would not be able to manage the security file without ministers of interior and defense, nominating candidates he found appropriate. The leaders of the parliamentary blocs asked for more time to deliberate.

The fact of the matter is that Iraq does not have time for stalled deliberations among the leaders of the political blocs. Abadi does not have endless options for his government, and the very real danger of IS, which is nearing Baghdad, threatens to jeopardize Abadi’s entire government.

Still, the Iraqi leaders insist on settling the issue by slicing the two most critical ministries in Iraq up like a pie for political sharing, and believe they have the time to do so.

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Currency Auction Results, 24th Sept

By John Lee.

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

A total of $200,896,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

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Currency Auction Results, 23rd Sept

By John Lee.

The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Tuesday.

A total of $217,007,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

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Currency Auction Results, 22nd Sept

By John Lee.

The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Monday.

A total of $186,236,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

Posted in Investment Comments Off on Currency Auction Results, 22nd Sept

Currency Auction Results, 18th Sept

By John Lee.

The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Thursday.

A total of $189,741,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

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Currency Auction Results, 17th Sept

By John Lee.

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

A total of $218,422,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

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Currency Auction Results, 16th Sept

By John Lee.

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

A total of $236,497,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

Posted in Iraq Banking & Finance News Comments Off on Currency Auction Results, 16th Sept

Currency Auction Results, 15th Sept

By John Lee.

The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Monday.

A total of $237,698,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

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