By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi government struggles to control US dollar price The Iraqi economy is suffering from the US dollar's rise as a result of smuggling dollars outside of Iraq. Click here […]
The central banks of Iran and Iraq are finalizing negotiations to begin trade in their own currencies, chairman of Iran-Iraq Chamber of Commerce said. Speaking to Tasnim, Yahya Ale-Eshaq said negotiations between the central banks of Iran and Iraq are under way to reach an agreement on using rial and dinar in bilateral trade. Once […]
Prime Minister Nechirvan Barzani today hosted a groundbreaking ceremony for a new international airport in Duhok. Duhok International Airport will be the third airport in the Kurdistan Region. After its completion in 2015, travellers will have direct international access to each of the Region’s three provinces. Speaking at the event, the Prime Minister highlighted the […]
The Central Bank of Iraq’s (CBI) dollar sales went up to reach $137.925 million in its daily auction on Thursday, compared to $115.301 in the previous session. “The demand hit $4.780 million in cash, at an exchange rate of 1,183 Iraqi dinars per dollar, and $133.145 million in foreign transfers outside the country, at an […]
The Central Bank of Iraq’s (CBI) dollar sales went up to reach $156.425 million in its daily auction on Monday, compared to $127.650 in the previous session. “The demand hit $5.400 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $151.025 million in foreign transfers outside the country, covered […]
The Qatar-based Gulf Bridge International (GBI) and the Iraq Telecommunications and Post Company (ITPC), a leading telecom company in the country signed a $445m deal to establish a landing for GBI's advanced submarine telecommunication fiber-optic cable in Iraq, here yesterday. The GBI-ITPC agreement is the first in a series of Landing Party Agreements that the […]
