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By John Lee. The Governor of the Central Bank of Iraq (CBI) and Chairman of the Iraqi Payments Council, Mr. Ali Mohsen Al-Allaq, chaired the regular meeting of the National Payments Council at the Bank's headquarters. The meeting was attended by Council members, including senior officials from the Central Bank, representatives of ministries and government […]
By John Lee. The Iraq National Housing Policy 2025-2030 sets out plans to strengthen private sector participation in housing finance through Policy 3.4, which focuses on providing facilities for government-subsidised housing loans to enable private lending. The sub-pillar, titled "Increase the Ability of Private Banks to Provide Affordable Loans," addresses the limited role of Iraq's […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has announced that 4th March will officially be recognised as National Entrepreneurship Day in Iraq. The declaration was made during the opening of the second "Riyada" (Entrepreneurship) Conference and Exhibition in Baghdad on Saturday. Al-Sudani praised the "Riyada" initiative as a key element of his government's economic […]
By John Lee. Iraq's Minister of Finance, Taif Sami Mohammed, along with the Deputy Governor of the Central Bank of Iraq (CBI) and their accompanying delegation, participated in the annual meetings of the World Bank Group and the International Monetary Fund (IMF), held in Washington from 13th to 18th October 2025. The meetings focused on […]
By John Lee. The Central Bank of Iraq (CBI)'s Mosul branch, represented by Director General Dr Hussein Lazem, participated in the "Informatics, Digitalisation, and Their Impact on Sustainable Development" conference organised by the College of Administration and Economics at the University of Kirkuk. The event featured several research papers and studies, including two submitted by […]
By John Lee. An Iraqi government spokesman has said Iraq views recent US sanctions against Iraqi enities, including the Muhandis General Company [Sharakat al-Muhandis al-Amma], as "deeply regrettable," describing it as a unilateral action that contradicts the spirit of friendship and mutual respect between the two countries. Basim Alawadi added that the Prime Minister has […]
By John Lee. The Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Allaq, met in Baghdad with the Representative of Institutional Clients and International Transaction Banking at Germany's Commerzbank, to explore avenues for strengthening bilateral financial cooperation. Discussions focused on expanding banking relations between Iraqi banks and Commerzbank to support economic activity and deepen financial […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has received representatives from KPMG, the global auditing and financial advisory firm, to review ongoing cooperation with Iraq's banking sector as part of the government's efforts to enhance transparency and improve the country's financial reputation. The Prime Minister affirmed that Iraq's banking reform programme has become a […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani on Sunday chaired a meeting dedicated to approving recommendations to activate financing procedures for projects under Iraq's Industrial Initiative. The meeting was attended by the Minister of Finance, the Governor of the Central Bank of Iraq (CBI), several advisers, and members of relevant committees. The discussions reviewed […]
By John Lee. The Central Bank of Iraq (CBI)'s Basra branch has launched the campaign "Your Transport is Easier ... with Easier Payment" in cooperation with electronic payment companies operating in the province. The initiative is part of the National Financial Inclusion Strategy 2025-2029. The campaign aims to deploy point-of-sale (POS) devices in public transport […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of September: The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed What the Future Holds for Dinar Investors Iraqi Dinar Prospects: Reality Check After Six Months of Trump Donald Trump and the "Great Iraqi Dinar Revaluation" Iraq "Capable […]
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Allaq has underlined the pivotal role of the banking sector in supporting investment in Iraq. Speaking at a panel session during the Iraq Investment Forum, he said the CBI has achieved its objectives on banking reform and has begun implementing them according to set […]
