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.
By John Lee. The Central Bank of Iraq (CBI) has revoked the licence of Taiba Land Company due to what it describes as violations of Regulation No. (1) of 2022, which governs the operations of exchange and brokerage firms in Iraq. Click here to see the full statement from the CBI. (Source: CBI)
By John Lee. The Central Bank of Iraq (CBI) has issued a warning to the public regarding the circulation of foreign banknotes - including authentic, withdrawn, and counterfeit currency - used by fraudsters to deceive citizens. According to the CBI, criminals lure individuals into exchanging these notes for Iraqi dinars at inflated rates under the […]
By John Lee. The Central Bank of Iraq (CBI) has announced the launch of the country's first university-based virtual banking project, with the initial phase set to start at Al-Muthanna University. The project was unveiled during the university's comprehensive exhibition, held alongside the 2nd Scientific Conference on "Artificial Intelligence and Labour Market Requirements," organised by […]
By John Lee. The United States has said it supports the release of an Australian businessman who has been in prison in Iraq for more than four years. In a statement on X, the US Special Presidential Envoy for Hostage Affairs said: "We stand with our Australian partners in calling for the release of Robert […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani addressed the Conference on Reforming the Iraqi Banking Sector on Monday, outlining an ambitious agenda to modernise Iraq's financial infrastructure and promote sustainable economic development. Key initiatives and achievements highlighted in the Prime Minister's address include: Implementation of a three-year national budget, enabling long-term planning and strategic […]
By Ahmed Tabaqchali, Chief Strategist of Asia Frontier Capital (AFC) Iraq Fund, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Empire Strikes Back: Trump 2.0 and Iraq's Dollar Accounts at the Federal Reserve […]
By John Lee. Back in January, Iraq Business News ran an online survey asking opinions on a revaluation of the Iraqi dinar following the inauguration of US President Donald Trump. This survey did not pretend to be scientific, as respondents were self-selecting, leading to a high risk of sampling bias, but it served to show […]
By John Lee. Iraq's delegation concluded its meetings with the International Monetary Fund (IMF) in Amman (February 24-26), with participants including Minister of Finance Taif Sami and the Governor of the Central Bank of Iraq (CBI). Discussions focused on Iraq's economic performance and sustainable growth prospects, with the IMF acknowledging the progress made. Key discussions […]
By John Lee. The Central Bank of Iraq (CBI) has announced a new initiative to support clean energy solutions, aligning with global sustainability efforts and the environmental policies of central banks worldwide. As part of its renewable energy initiative, CBI will offer low-interest loans to local brick factories, enabling them to switch from high-pollution fuel […]
By John Lee. The Central Bank of Iraq (CBI) has decided to revoke the licence of Al-Tufan Company for Currency Exchange and Brokerage due to what it describes as violations of Regulation No. (1) of 2022, which governs the operations of exchange and brokerage firms in Iraq. Click here to see the full statement from […]
By John Lee. The Central Bank of Iraq (CBI) has reported a 5.4-percent increase in banking sector loans and advances in Q4 2024, reaching IQD 64.12 trillion [$49 billion], up from IQD 60.81 trillion in the same period of 2023. According to state-run Iraqi News Agency (INA), the CBI noted that this growth reflects improved […]
By John Lee. The Central Bank of Iraq (CBI) has reported a 45.1-percent increase in its gold reserves in Q4 2024 compared to the same period in 2023. Reserves rose from IQD 12.29 trillion in Q4 2023 to IQD 17.83 trillion [$13.6 billion] in Q4 2024, driven by both an increase in gold holdings and […]
