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. Iraq has launched its first International Conference on Carbon Economics in Baghdad on Tuesday, themed "Carbon for Development." The event, organised by the Ministry of Environment in partnership with the General Company for Carbon Economics, brought together high-level participants from the Ministry of Oil, the Central Bank of Iraq (CBI), and international […]
By John Lee. A team from the International Monetary Fund (IMF) has concluded a visit with Iraqi officials, concluding: Economic Challenges: Iraq faces a highly uncertain global environment, declining oil prices, and acute financing pressures, which are harming economic activity and deepening existing vulnerabilities. Urgent Measures Needed: Contain the fiscal deficit by increasing non-oil tax […]
By John Lee. Iraq's state-owned Al-Rafidain Bank has announced the launch of the second phase of its "Riyada" initiative [Iraqi Riyada Network for Access Development and Advancement, IRADA Network], following the success of the first phase, which it says funded over 8,000 productive projects with a total of more than 107 billion IQD [$82 million]. The […]
By John Lee. Customers have reportedly expressed widespread satisfaction with the smooth and organized process of dollar distribution at branches of the state-owned Al-Rafidain Bank. The bank says it has been distributing $2,000 per pilgrim at the official rate of 1,320 IQD per dollar, as set by the Central Bank of Iraq (CBI). In a […]
By John Lee. President Abdul Latif Jamal Rashid and Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, met at Baghdad Palace to discuss economic reforms aimed at strengthening Iraq's financial sector and fostering sustainable growth. They emphasized the importance of modernizing the banking system, stabilizing the market, and creating a robust financial framework […]
By John Lee. The Central Bank of Iraq (CBI) has announced that pilgrims can purchase dollars through designated banks and companies in Baghdad and other provinces. The process involves exchanging Iraqi dinars for US dollars at the branches of participating banks and companies. Further details and a list of the authorized entities are available on […]
By John Lee. The Central Bank of Iraq (CBI) has issued new regulations for electronic payment service providers. The 48-page document targets money laundering and terrorist financing. Click here to see the full statement from the CBI [Arabic]. (Source: CBI)
By Padraig O'Hannelly. As Donald Trump completes his first 100 days in as US President, what effect have his policies had on the Iraqi economy? Firstly, it's worth noting that the main implications of Trump's policies for Iraq have been the indirect results of decisions not directly targeted at Iraq. Increased tariffs and the resultant […]
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 […]
