The Central Bank of Iraq’s (CBI) dollar sales went down to reach $88.205 million in its daily auction on Sunday, compared to $137.925 in the previous session. “The demand hit $8.330 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $79.875 million in foreign transfers outside the country, covered […]
Tag Archives | Iraq Banking & Financial News
The latest Iraq financial and banking news including Dinar, Investment Oppportunities, Funds news and more.
Tags: CBI, Iraq Banking & Financial News
Removing Three Zeros from Iraqi Dinar will Help the Economy
Iraqi banking expert, Abdul Aziz Hasoon, said in phone call with the Independent that the process of removing three zeros from the Iraqi dinar will be positive for the Iraqi economy. He added that there were many countries that took the same step, including Turkey which removed six zeros from it is currency. Hasoon clarified […]
CBI Dollar Sales Up to $137m
The Central Bank of Iraq’s (CBI) dollar sales went up to reach $137.925 million in its daily auction on Thursday, compared to $115.301 in the previous session. “The demand hit $4.780 million in cash, at an exchange rate of 1,183 Iraqi dinars per dollar, and $133.145 million in foreign transfers outside the country, at an […]
Conference on Investment Problems in Najaf
The Najaf Investment Commission held a conference on Wednesday to discuss problems facing investments in the province and to find a mechanism to attract investors. The conferencediscussed a number of housing projects and difficulties facing this sector. The conference also covered the importance of activating the amended investment law as well as the role of […]
CBI Dollar Sales Down to $168m
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $168.878 million in its daily auction on Tuesday, compared to $176.080 in the previous session. “The demand hit $8.870 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $160.008 million in foreign transfers outside the country, covered […]
Gulf Bank to Discuss Legal Challenges of Digital Systems
The Gulf Bank will hold a symposium on Wednesday (May 12) to discuss legal challenges that will face digital banking systems. “The symposium will show that there are needs to legislate new regulations to meet the digital developments in the banking systems,” a source from the bank told Aswat al-Iraq news agency on Tuesday. He […]
Talabani Stresses Economic Relations with Egypt
Iraqi President Jalal Talabani called for an expansion of economic relations with Egypt, and using the experience of Egyptian firms in the rebuilding process of Iraq. “It is important to have a strategic alliance with Egypt within all fields,” an Iraqi presidential release quoted Talabani. He noted that the rebuilding of Iraq is a key-issue […]
Finance: Approval of the Implementation of Article 98 of Service and Military Retirement Law
Ministry of Finance announced the approval of the Joint Committee recommendations of Finance and Defense Ministries on service and military retirement Law. A statement issued by the Information Office of the Finance Ministry said that Finance Minister, Baqir al-Zubeidy, approved the recommendations of the Joint Commission to implement Article 98 concerning private pay and grades […]
BBAC Launches Its Banking Services in Erbil
In line with its regional expansion strategy, BBAC s.a.l. (Bank of Beirut and the Arab Countries) has announced the start of operations in its new branch in Erbil, Iraq. This comes in response to the needs of the Iraqi market and the demands of Lebanese establishments and citizens in Iraq as well Iraqi people, Arabs […]
Iranians in Karbala for Investments
An Iranian investment delegation is in Karbala. “The delegation will be in Karbala for three days,” a local source told Aswat al-Iraq news agency on Wednesday. He noted that the delegation’s members expressed readiness to execute different investment projects in Karbala. ( Aswat Al Iraq )
Romanian Firms to Invest in Karbala
Karbala’s Investment Commission on Tuesday signed a Memorandum of Understanding with a group of eight Romanian firms that are willing to invest in the province. “The document indicates investment projects within the fields of housing, farming, environment, and roads,” a local source told Aswat al-Iraq news agency. He noted that the Romanian delegation has been […]
Finance Minister Urges Investment in Missan
Finance Minister Baqer al-Zubaidi on Monday gave orders to facilitate investments in Missan, according to a ministerial statement. “The minister received the Chairman of the Missan Council, Abdulhussein Abdulreda al-Saadi, with whom he discussed the most important service projects,” said the statement received by Aswat al-Iraq news agency. He urged provinces to play a role […]