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. In response to the high demand for its "Injaz/Enjaz" ["achievement"] bonds, first issued in May, the Central Bank of Iraq (CBI) will offer a second issue of these bonds on behalf of the Ministry of Finance. The total amount available is 1.5 trillion Iraqi dinars [$1.15 billion]. The bond are available for […]
By John Lee. The Central Bank of Iraq (CBI) has issued a tender for preparing studies, designs and auditing for the construction of a new CBI building in Mosul, in Nineveh Governorate. Full details here (Arabic) (Source: CBI)
By John Lee. Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), chaired a meeting on the regulation of e-commerce in Iraq, with participation from relevant authorities. The meeting discussed controls and consumer protection measures, focusing on registration procedures and obtaining licenses for e-commerce activities. The committee defined service providers and established a […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An Unfolding Structural Economic Transformation The equity market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was down 1.7% in June […]
By John Lee. The Central Bank of Iraq (CBI) has decided to allocate additional funding amounting to approximately 3 trillion dinars [$2.3 billion] to facilitate housing loans through the Real Estate Bank and the Iraqi Housing Fund, supporting the government's housing initiatives. According to the state-run Iraqi News Agency (INA), the Central Bank has instructed […]
By John Lee. In a significant step toward bolstering Iraq's financial sector, EU Delegation to Iraq Chargé d'affaires Mr. David Healy has expressed support for the launch of the Central Bank of Iraq's (CBI) National Strategy for Bank Lending for 2024-2029. This strategic initiative, developed under the EU and Germany co-funded project "Strengthening Public Finances […]
By John Lee. Iraq's General Directorate for Industrial Development (GDID) has launched a new loan mechanism for small, medium, and micro enterprises (MSMEs). The loans are made in conjunction with the Central Bank of Iraq (CBI), and can be worth up to 20 million Iraqi dinars ($15,000) per loan. Dr. Ali Ibrahim Janaan, Director General […]
The International Labour Organization (ILO) and the Central Bank of Iraq (CBI), with the support of the Italian Agency for Development Cooperation (AICS), are partnering to empower individuals and businesses in southern Iraq with financial literacy skills. A week-long initiative kicked off in Al-Muthanna governorate this week aligns with the CBI's broader Financial Inclusion Week […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Middle East Conflict Widens, Iraq's Equity Market Rallies The equity market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was up […]
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Federal Board of Supreme Audit exposes US$600 million corruption scandal involving 'ghost travellers' Over 151,000 Iraqi citizens acquired US currency at the official rate for travel but […]
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. A fistful of Dinars: demystifying Iraq's dollar auction The Central Bank of Iraq's (CBI) […]
By John Lee. Australian engineer Robert Pether and his Egyptian colleague Khalid Radwan have now spent more than three years in prison in Iraq. The pair were detained in April 2021 by authorities in Baghdad in relation to a dispute over the construction of the new Central Bank of Iraq (CBI) headquarters in Baghdad. They […]
