By Bassam Raad, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Financial Transformations in Iraq (2014-2024): Money Supply Growth and Rising Domestic Debt Iraq's fiscal and monetary policy underwent significant changes over the past decade. Figures […]
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. […]
By John Lee. The Central Bank of Iraq (CBI) reported a 5.5 percent decline in currency issued during the third quarter of 2025, falling to 99,681 billion Iraqi dinars (approximately $76.1 billion) from 104,127 billion Iraqi dinars (approximately $79.5 billion) in the same period of 2024. The bank said that a reduction in currency in […]
From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqis hoard trillions of dinars, weakening banks Nearly 90 trillion dinars ($69 billion) -- 92% of Iraq's 98 trillion-dinar money supply -- remain outside the banking system, former Central Bank of Iraq (CBI) official […]
By Dr Thaer Mahmoud Rashid, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Opportunities for Enhancing Access to Hoarded Funds through the Iraq Stock Exchange A substantial proportion of Iraq's financial liquidity, estimated at nearly 20 […]
By John Lee. The Central Bank of Iraq (CBI) has reported a decline in issued currency, contributing to lower inflation rates and supporting price stability. In the second quarter of 2025, issued currency amounted to 98.4 trillion dinars [$75.1 billion], reflecting a 3.8 percent decrease compared to 102.3 trillion dinars in the same period of […]
By John Lee. The Financial Adviser to the Iraqi Prime Minister, Dr. Mudhhir Mohammed Saleh, has firmly denied social media rumours claiming the destruction of half of Iraq's currency supply - approximately 62 trillion dinars [$47 billion] - as "economically absurd and completely unfounded". In remarks to the state-run Iraqi News Agency (INA), Saleh clarified […]
By John Lee. Iraqi currency in circulation fell by 0.6 percent in the first quarter of 2025, according to a statement from the Central Bank of Iraq (CBI). It said money supply fell from IQD 100.5 trillion [$76.7 billion] to IQD 99.9 trillion. The reduction is expected to help contain inflation and maintain price stability. […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 90 percent of Iraq's money supply held outside banks: PM advisor Nearly 90 percent of Iraq's money supply is held outside the formal banking sector, largely hoarded in homes, a senior financial advisor to […]
By John Lee. The Central Bank of Iraq (CBI) has announced positive financial indicators for Q3 2024, highlighting the success of its monetary policy during the year: Banking Sector Growth (Q3 2024 vs. Q3 2023) Total Deposits in Banks Growth: 4.2% Q3 2024 Value: 127.6 trillion dinars. Q3 2023 Value: 122.4 trillion dinars. Cash Credit […]
By John Lee. The Iraqi Private Banks League (IPBL) has reported a significant rise in banking sector deposits over the past two years, crediting the government's focus on digital transformation and electronic payment systems. However, IPBL Executive Director Ali Tariq told the state-run Iraqi News Agency (INA) that 75% of Iraq's money supply remains outside […]
By Mark DeWeaver. This year the Ministry of Finance (MoF) is set to sell IQD 11 trillion in new debt to the state sector banks, thereby partially filling the hole in the central government budget left by the recent collapse in oil prices. The new issuance should bring total treasury bills outstanding to IQD 18 […]
