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.

Egyptian Central Bank Trains Iraq's Bankers

With the stated aim of contributing to the reform of the Iraqi banking sector, the Central Bank of Egypt (CBE)'s Banking Institute has begun training employees of Iraq's central bank in modern methods of banking and finance, administration and human resources. According to Banking Institute Executive Director, Hala al-Said, the move comes within the context […]

Private Banks Perform Better Than State-Owned - CBI

The Central Bank of Iraq (CBI) said on Friday that the performance of private banks is better than the performance of state-owned banks, indicating that the lack of restrictions and bureaucracy in private banks gave them a competitive advantage. Muzher Mouhammed Saleh, the chancellor of the CBI, told AKnews: "The future in Iraq will be […]

IMF Calls for Iraq to Clear its Debts

An adviser to the Central Bank of Iraq (CBI) said on Wednesday that the International Monetary Fund (IMF) has renewed its call for Iraq to clear its outstanding debts. Nathhar Mohammed Saleh told AKnews that the IMF called on the Ministry of Finance and the Central Bank to develop feasible solutions to its external debts. […]

Alsumaria TV to Re-Run Dinar Re-Denomination Prog

"Bi tarikh Al Ghad” is a weekly political talk-show prepared and presented by Ahmad Hassan and directed by Yaseen Mohamad Amin. It retraces the latest major political developments taking place in Iraq and handles events from a leading-edge angle. “Bi tarikh al ghad" projects the consequences of newest developments on the political process and highlights […]

Iraq Cuts Banks’ Reserve Requirement to 15%

Iraq’s central bank has decided to cut commercial banks’ reserve requirement to 15 percent from 20 percent, in order to spur bank lending as core inflation continues to slow, Reuters reported on Tuesday, citing a Central Bank of Iraq official. Mudher Kasim, a senior advisor in the bank, said the central bank made the move […]

Iraq Aims to Limit Inflation

The Iraq Central Bank Governor said that the policy of the Bank is based on encouraging funds to Iraqi banks and not the other way round in order to limit inflation in Iraq. The Iraq Central Bank is keen to raise interest rates to make it equivalent to the rate of inflation in the country […]

Iraq Expects to Step up T-bill Activity in 2010

Iraq expects to step up its Treasury bill activity in 2010 to help plug continuing budget deficits and foster a secondary treasury market, the Central Bank and Finance Ministry said in a submission to the IMF. Iraq, only just emerging from sectarian war but still battling a stubborn insurgency, also wants to develop foreign exchange […]