Tag Archives | Central Bank of Iraq News | CBI Iraq

The latest Central Bank of Iraq news – including Currency, Banking, Dinar, Reserves, Prices, Inflation, IQD, Revaluation, Redenomination and more.

Core Inflation Increases to 5.2%

By John Lee. Iraq's core inflation rate rose to 5.2 percent year-on-year in September, up from 5 percent year-on-year in August. Speaking to Reuters on Tuesday, Mudher Kasim [Mudher Saleh], deputy governor of the Central Bank of Iraq (CBI), blamed the increase on higher food prices and the start of the school year. Core inflation strips […]

Iraqi Dinar Exchange Rate Manipulated?

By John Lee. Investigators in Iraq have opened an inquiry into alleged manipulation of the exchange rate between the Iraqi dinar (IQD) and the US dollar, and arrest warrants have reportedly been issued for several officials including the head of the Central Bank of Iraq (CBI). Hassan Karim Aati, spokesman for the Commission on Integrity, […]

Core Inflation Drops to 5.9%

By John Lee. Iraq's core inflation rate dropped to 5.9 percent year-on-year in July, Mudher Kasim, deputy governor of the Iraqi Central Bank, has told Reuters. The figure is down from 6.1 percent in June. Core inflation strips out fuel prices. (Source: Reuters)

Deleting Zeros from Dinar "Needs Further Deliberations"

The Iraqi Central Bank (ICB) said on Sunday that the deletion of zeros from the currency still needs further deliberations with relevant institutions, according to a report from AKnews. The ICB added that it is seeking to make the Iraqi currency stronger and more stable through new mechanisms with regard to dealing with banks for […]

Iraq's Core Inflation Slows

Trade Arabia reports that Iraq's core inflation slowed to 6.2 per cent in May, down from 6.7 per cent in April. The fall was due to a drop in the costs of food and housing said Mudher Kasim, deputy governor of the central bank. In April, the country saw high annual inflation mainly due to […]

Iraqi Banks Must Increase Capital This Month

The deputy governor of the Iraqi Central Bank (ICB), Muzher Mohammed Saleh, has set a deadline for all banks in Iraq to increase their capital to at least 250bn IQD ($215m). He said: "We asked all banks in Iraq to increase their capital this month to strengthen their dealings and give more loans." According to the report […]

Iraq begins Paying Warka Bank Depositors

The Central Bank of Iraq (ICB) said on Monday that it has begun to pay the small depositors in Warka Ahli Bank for Investment, reports AKnews. Following a financial crisis, the bank was placed under ‘guardianship’ in March. The Deputy governor of the bank, Muzher Mohammed Saleh said: "There is payment for small depositors in […]