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By John Lee. The Iraqi Private Banks League (IPBL) has welcomed the recent announcement that seven Iraqi private banks are to regain access to foreign currency correspondent banking channels (excluding the US dollar). The announcement followed high-level talks between the Central Bank of Iraq (CBI) and officials at the US Treasury. An IBPL statement described […]
By John Lee. Seven Iraqi banks have been cleared to re-enter non-dollar international correspondent banking channels, following high-level meetings between the governor of the Central Bank of Iraq (CBI) and officials at the US Treasury. The meetings followed Prime Minister Ali al-Zaidi's official visit to the United States and his meeting with the US President. […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's State Deficit Jumps 68% in First Quarter of 2026 Iraq recorded a budget deficit of nearly 11 trillion Iraqi dinars ($8.3 billion) in the first four months of the year, marking a 68 […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly launched a lending initiative worth IQD 1.2 trillion (USD 916 million) to support education and veterinary medicine, and to strengthen liquidity in the banking sector. According to the state-run Iraqi News Agency (INA), the initiative is based on Central Bank Law No. 56 of […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Ali al-Zaidi in Washington: What His Trip Actually Means for the Dinar The forums have been buzzing. Iraq's prime minister is in Washington. He met Trump in the Oval Office. There were handshakes, […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly ruled that banks may disburse customers' dollar-denominated deposits in cash, effective 15 July 2026. According to the state-run Iraqi News Agency (INA), a CBI circular sets out the following provisions: Banks may continue to open foreign-currency accounts for customers, with customers entitled to withdraw […]
By John Lee. The Central Bank of Iraq (CBI) has announced enhancements to two of its developmental lending initiatives, raising the financing ceiling for small and medium enterprises (SMEs) and expanding support for renewable energy projects. According to the CBI, the measures are aligned with the National Banking Lending Strategy (2024-2029) and are intended to […]
By John Lee. The Central Bank of Iraq (CBI) has issued new regulatory instructions governing the mechanism for meeting foreign currency demand for citizens travelling abroad, reducing the monthly cash allowance for an adult traveller to $2,000, down from $3,000. According to the CBI, the move forms part of a package of regulatory reforms aimed […]
By John Lee. Iraq's Ministry of Planning held the seventh meeting on Tuesday of the committee overseeing preparations for the Fourth Arab Summit for Entrepreneurship, which is due to be hosted in Iraq in November. According to the Ministry of Planning, the meeting was chaired by Deputy Minister of Planning for Technical Affairs Dr. Maher […]
By Andrew Cunningham, 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's central bank governor cannot fight crime on his own On June 19, the Financial Action Task Force (FATF) placed Iraq on its grey list, subjecting […]
By John Lee. The head of the Federal Commission of Integrity, Dr. Mohammed Ali Al-Lami, has stressed the importance of using parallel financial investigations as a tool for tracking the proceeds of corruption crimes and exposing their pathways. Speaking during a meeting with the Governor of the Central Bank of Iraq (CBI), Nizar Nasser Hussein, […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of June: Iraqi Central Bank Rejects Rumours of New Dinar Rate You Bought Iraqi Dinars. Now What? "Deleting the Zeros": What Iraq Actually Said, and What It Means for Your Investment 2026: The Year Iraqi Dinar Speculators Finally Strike […]
