From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to Drop Zeros From Its Currency as Dinar Redenomination Returns? Iraq's Communications Minister Mustafa Sanad says Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank […]
By Matt Smith, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Bank Reforms Could Open up Sector for Regional Investors Last month the Central Bank of Iraq said that seven previously restricted banks had been given […]
By John Lee. A shipment of $500 million in cash has arrived in Iraq from the US Federal Reserve, destined for the Central Bank of Iraq (CBI). According to the state-run Iraqi News Agency (INA), an official source confirmed the delivery, stating that the funds will be used for transactions related to travellers and external […]
By Mustafa Saadoon, for Alhurra. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exclusive: Iran War Has Cost Iraq $45 Billion Official sources said that collapsing oil exports and stalled development projects have inflicted massive losses on the country as Baghdad bets on deeper […]
By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US Dollar Shipments to Iraq are a Molehill, not a Mountain As the Iran war ramped up, it was reported that the United States halted dollar cash shipments […]
By John Lee. Zain Mart, the e-commerce platform of Zain Iraq, has formed a partnership with Switch, a financial solutions company, to offer instalment payment plans to eligible banking customers. Under the agreement, Switch cardholders whose salaries are domiciled with Rasheed Bank and National Bank of Iraq (NBI) will be able to purchase products on […]
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Path Set for Iraqi Banks to Rejoin Global Finance System The Central Bank of Iraq (CBI) has announced it has secured an agreement under which seven […]
By John Lee. The Iraqi Private Banks League (IPBL) has signed a memorandum of understanding (MoU) with the Association of Energy Engineers (AEE) in Washington, DC, aimed at supporting Iraq's banking sector in financing the transition to a green economy and developing the country's energy infrastructure. The signing took place on the sidelines of Prime […]
By John Lee. New initiatives are planned to expand the activities of money exchange companies in Iraq and create additional revenue opportunities, according to the Central Bank of Iraq (CBI). Nizar Nasser Hussein, Governor of the CBI, met with a number of directors and board chairs of money exchange companies to discuss ways to develop […]
By John Lee. The Iraqi Private Banks League (IPBL) has signed a memorandum of understanding (MoU) with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), establishing a strategic framework to support the development of Iraq's financial and banking sector and promote sustainable economic growth. The MoU was signed by Ali Tariq, Executive Director of the Iraq […]
By John Lee. The Iraqi Private Banks League (IPBL) has welcomed the recent announcement that seven Iraqi private banks are to regain access to foreign currency correspondent banking channels (excluding the US dollar). The announcement followed high-level talks between the Central Bank of Iraq (CBI) and officials at the US Treasury. An IBPL statement described […]
By John Lee. The opening of foreign bank branches in Iraq will help fund investment projects, ease banking operations for foreign companies, expand financing channels, and transfer modern banking expertise, according to Finance Minister Faleh Sari. Sari made the remarks following a meeting between a government delegation led by Prime Minister Ali al-Zaidi and representatives […]
