By John Lee. On Thursday, Iraq's Finance Committee, chaired by Atwan Al-Atwani, convened with its members and the Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, to discuss monetary policy, the banking system, and methods to increase the value of the Iraqi dinar. Al-Atwani stressed the importance of monitoring the economic file and […]
Iraq’s central bank has decided to cut commercial banks’ reserve requirement to 15 percent from 20 percent, in order to spur bank lending as core inflation continues to slow, Reuters reported on Tuesday, citing a Central Bank of Iraq official. Mudher Kasim, a senior advisor in the bank, said the central bank made the move […]
Laws and regulations, in addition to audit and follow up commissions, make it hard to manipulate the Iraqi banking system, said a source from the Central Bank of Iraq (CBI). “Our duty is to monitor the performance of Iraqi banks , and foster their development and financial status,” the source told Aswat al-Iraq news agency […]
