By John Lee. The Agence Française de Développement (AFD) has reportedly said it is interested in setting up a branch in Iraq. According to Shafaq, a delegation from the French development agency made the comment during a meeting with the Governor of the Central Bank of Iraq (CBI), Mustafa Ghaleb Mukhif. The AFD's websites says […]
Tag Archives | Central Bank of Iraq (CBI)
Iraq Business News brings you the latest news from the Central Bank of Iraq (CBI). Subscribe for regular CBI Iraq updates, including Iraqi Dinar Revaluation and Investment news.
Iraqi Govt Relaxes Monetary Policy
By John Lee. The Iraqi government has said it is relaxing monetary policy to help businesses and people on low incomes. Ammar Mohammed (pictured), the Deputy Governor of the Central Bank of Iraq (CBI), said the measures include the provision of "soft" loans up to a value of 15 million Iraqi dinars (IQD) [$10,250], with […]
Central Bank says No Further Devaluation of Iraqi Dinar
By John Lee. The Deputy Governor of the Central Bank of Iraq (CBI) has reassured the markets that there will be no further devaluation of the Iraqi dinar. Ammar Mohammed said: "It was important to change the exchange rate before approving the budget in order to know the income and budget in dinars ... to […]
Tags: Central Bank of Iraq (CBI), devaluation, dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, IQD, Iraqi Dinar News, mn, re-denomination, re-valuation, Redenomination
Iraq tackles Corruption in Currency Auctions
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Addressing the meeting, the Prime Minister said the reserves of the Central Bank of Iraq (CBI) have increased by $4 billion, adding that the government has been able to tackle what it describes as "the […]
Tags: bureaucracy, Central Bank of Iraq (CBI), Corruption, currency auctions, dinar, Dinar Revaluation News, featured, mn
New Electronic Banking Service launched in Iraq
By John Lee. The Central Bank of Iraq (CBI) has announced the launch of its "digital enrollment service", which it says is the first of its kind in Iraq and the region. According to a statement from the CBI: "Digital enrollment is an integrated digital financial system that enhances financial independence and liberation from traditional […]
Market Review: "Stock Market Rallies on Currency Devaluation"
By Editor on 6th January 2021 in Ahmed Tabaqchali, Investment, Iraq Banking & Finance News, Politics
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Stock Market Rallies on Currency Devaluation" For Iraq and its equity market the year ended the same way it began, with a bang […]
Tags: Ahmed Tabaqchali, American University of Iraq Sulaimani (AUIS), Asia Frontier Capital (AFC), Central Bank of Iraq (CBI), Christians, devaluation, dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, IQD, Iraqi Dinar News, mn, re-denomination, re-valuation, Redenomination
Opinion: The Iraqi Dinar needs Political Support!
By Dr Amer K. Hirmis, Capital Business Strategies Ltd. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Dinar needs political support...to serve the economy! The Iraqi Dinar (IQD) was devalued by nearly 23 percent on Saturday, December 19, 2020, from its previous (official) […]
Tags: Central Bank of Iraq (CBI), devaluation, dinar, Dinar Exchange Rate News, Dinar Revaluation News, Dr Amer K. Hirmis, featured, International Monetary Fund (IMF), IQD, Iraqi Dinar News, mn, re-denomination, re-valuation, Redenomination
Iraq to Participate in Buna Payment Platform
By John Lee. The Central Bank of Iraq (CBI) has reportedly announced its participation in the Arab Monetary Fund's Buna payment platform. The AMF describes Buna as a multi-currency payment platform, providing clearing and settlement services, in Arab and international currencies. More here and here. (Sources: Shafaq News Agency, AMF)
Iraqi Banks undertake Overdue Reforms
By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Banks undertake Overdue Reforms The Central Bank of Iraq (CBI) announced in a statement Dec. 19 the devaluation of the Iraqi dinar to 1,450 to help reduce the […]
Tags: banking, Central Bank of Iraq (CBI), devaluation, dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, IQD, Iraqi Dinar News, mn, Rafidain Bank, Rasheed Bank, re-denomination, re-valuation, Redenomination, reforms
Iraqis Protest against Dinar Devaluation
By John Lee. Rudaw reports that hundreds of people protested in Baghdad's Tahrir Square demanding that the government reverse its decision to devalue of the Iraqi dinar against the US dollar. According to The Arab Weekly, the devaluation sparked panic across the country, as people rushed to buy dollars or stock up in supermarkets before […]
Tags: Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, IQD, Iraqi Dinar News, Protests, re-denomination, re-valuation, Redenomination
Iraq Dinar Devalued by approx 20%
By John Lee. Iraq has reportedly devalued its currency by about 20 percent against the dollar. According to Bloomberg and The Arab Weekly, the Central Bank of Iraq (CBI) has reduced the official rate to 1,450 dinar per US dollar. The previous official rate was 1,182 dinar to the dollar. Reuters adds that the decision […]
Tags: Central Bank of Iraq (CBI), devaluation, dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, IQD, Iraqi Dinar News, mn, re-denomination, re-valuation, Redenomination
Iraqis Panic as Leaked doc signals Dinar Devaluation
A leaked draft of Iraq s state budget sent Iraqis into a panic on Thursday as it confirmed the government's intentions to devalue the national currency the Iraqi dinar [IQD], and cut salaries to cope with the impacts of a severe economic crisis. Click here to read the full story from The Independent. (Source: The […]