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. An unlicensed currency exchange and money transfer network has been dismantled in Baghdad, with five suspects arrested and $240,000 seized. According to Iraq's Ministry of Interior, the operation was carried out by units of the Federal Intelligence and Investigations Agency (FIIA). The suspects were operating in several districts on the Rusafa side […]
By John Lee. Iraq's Ministry of Trade has outlined plans to tighten import controls and expand the reach of Iraqi goods into regional and international markets. Mohammed Hannoun, the ministry's official spokesman, told the state-run Iraqi News Agency (INA) that the ministry is working to regulate the import process in line with legal frameworks, balancing […]
By John Lee. The Central Bank of Iraq (CBI) has stated that its foreign reserves are sufficient to meet all demand for foreign currency, including trade financing, bank card settlements, and travellers' cash requests at the official exchange rate. According to the CBI, the recent rise in the exchange rate on local markets is attributable […]
By John Lee. Iraq is considering replacing its current banknote series with a new issue, aiming to withdraw counterfeit, damaged and stolen notes from circulation and draw hoarded cash back into the banking system. According to 964 Media, discussions within the Central Bank of Iraq (CBI) and the parliamentary Finance Committee are focusing on a […]
From the Iraq Britain Business Council (IBBC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. IBBC Trade Mission Concludes Extensive Programme of Meetings in Baghdad The Iraq Britain Business Council (IBBC) has concluded a trade mission to Baghdad, bringing a 30-strong delegation of IBBC […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi PM Adviser Denies US Plans to Halt Dollar Shipments Iraqi PM adviser Mazhar Mohammed Saleh denied reports that Washington plans to halt dollar shipments if armed groups fail to disarm by Sept. 30. […]
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. Iraq Drains $16bn from Reserves after Oil Revenues Slump Iraq's foreign-currency reserves fell by nearly $16 billion in four months this year as the government tapped […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Depositor Outrage as Iraqi Authorities Place Private Bank under Guardianship The Iraqi banking sector is coming under renewed scrutiny following the Central Bank of Iraq's (CBI) decision to place the private Al-Taif Islamic […]
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. Iraq Deficit May Prompt Return to International Debt Market Iraq is considering a return to the international debt market to cope with a budget deficit swollen […]
By John Lee. The Central Bank of Iraq (CBI) has revoked the licences of three exchange companies - Al-Aswar, Al-Qattaf, and Al-Anamel - for falsifying cash-sale records for travellers. Under Decision No. 138 of 2026, the CBI has also required the companies to return the dollar amounts involved in the violating transactions, or the exchange […]
By John Lee. Iraq's banking sector reform programme is continuing in coordination with Oliver Wyman, with further positive developments expected in the coming period, including greater integration with the international financial system. The Central Bank of Iraq (CBI) also plans to launch new lending initiatives to support investment and strengthen the role of the private […]
By John Lee. The Central Bank of Iraq (CBI) has issued a statement reassuring depositors that supervisory measures imposed on licensed banks do not indicate insolvency, and that depositors' funds remain protected under existing laws and regulations. According to the CBI, the appointment of supervisory or receivership committees at a licensed bank is a precautionary […]
