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. The newly-appointed Governor of the Central Bank of Iraq (CBI), Nizar Nasser Hussein, received US Embassy Chargé d'Affaires Joshua Harris to discuss financial and economic cooperation. The meeting covered strengthening strategic cooperation, supporting monetary and economic stability, and advancing banking sector reforms. Harris said the United States supports efforts to strengthen stability […]
By John Lee. A formal handover ceremony has taken place at the Central Bank of Iraq (CBI), with Nizar Nasser Hussein (pictured, right) assuming the role of governor from his predecessor, Ali Mohsen Al-Alaq. Prime Minister Ali al-Zaidi presided over the ceremony on Sunday. Al-Zaidi stressed the importance of continuing banking reform programmes, achieving financial […]
By John Lee. A number of banks previously restricted from conducting dollar transactions have now completed the requirements of the Central Bank of Iraq (CBI)'s reform plan and met the relevant supervisory and technical standards, including strengthening their anti-money laundering and counter-terrorism financing frameworks. The CBI said the reinstatement of these banks to foreign currency […]
By John Lee. The Central Bank of Iraq (CBI) has firmly denied reports that it intends to change the exchange rate of the Iraqi dinar. In a statement, it said a forged document is being circulated claiming that the Prime Minister's office had submitted a request to the Finance Committee of the Council of Representatives […]
By John Lee. Prime Minister Ali al-Zaidi on Saturday met with a group of businessmen, members of the Private Sector Development and Management Council, members of the Iraqi Economic Council, and a number of chairmen of private bank boards. The Finance Minister, the head of the Advisers Commission, the director of the Prime Minister's office, […]
By John Lee. The Central Bank of Iraq (CBI) has issued a clarifying statement rejecting characterisations of its treasury discounting operations as currency printing, and reaffirming its commitment to monetary stability. In a statement on Sunday, it said discounting treasury bills provides temporary liquidity against an existing government debt instrument, which is recovered at maturity. […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of May: CBI Boss says No Plan to Revalue Iraqi Dinar What a New Iraqi PM means for Your Dinars You Bought Iraqi Dinars. Now What? Iraq Banking Sector Reform: Second Phase Under Way "Deleting the Zeros": What Iraq […]
By John Lee. The Governor of the Central Bank of Iraq (CBI) has explicitly dismissed any plan to adjust the official dinar foreign exchange rate. According to a report from Iraqi News, Ali Mohsen Al-Alaq confirmed that the current monetary policy remains committed to maintaining the official rate of 130,000 IQD per 100 USD. The Governor […]
By John Lee. The Central Bank of Iraq (CBI) has held an expanded meeting in Baghdad with the managing directors of licensed electronic payment service providers operating in Iraq. The meeting was chaired by CBI Governor Ali Mohsen Al-Alaq. According to the Central Bank of Iraq, discussions covered: Technical, administrative, and regulatory challenges facing electronic […]
By John Lee. Iraq's Financial Stability Council has held its inaugural meeting, chaired by Prime Minister Ali Faleh al-Zaidi, with the Finance Minister and the Governor of the Central Bank of Iraq (CBI) in attendance. Al-Zaidi stressed the importance of achieving financial stability for its developmental and economic benefits, and called for close coordination between […]
By John Lee. The Central Bank of Iraq (CBI) has confirmed that implementation of its banking sector reform programme is continuing, with Iraqi banks working to complete the requirements of the second phase, which focuses on raising compliance and governance standards, improving transparency, and enhancing institutional performance. It said the programme aims to support financial […]
By John Lee. Iraq's Ministry of Planning has held the second meeting of the preparatory committee for the Fourth Arab Entrepreneurship Summit, scheduled to take place in Iraq in November. The meeting, chaired by the ministry's Undersecretary for Technical Affairs, Dr Maher Hammad Johan, addressed a range of organisational and logistical issues, including: Review of […]
