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Iraq "Drains $16bn from Reserves after Oil Revenues Slump"

By Editor on 13th September 2026 in Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News, Politics

By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Drains $16bn from Reserves after Oil Revenues Slump Iraq's foreign-currency reserves fell by nearly $16 billion in four months this year as the government tapped […]

Tags: Baghdad, Central Bank of Iraq (CBI), cl, currency reserves, Debt, featured, foreign reserves, Iran, Iraq Oil Exports News, reserves, State Oil Marketing Organization (SOMO), Strait of Hormuz, United States

Governor of Iraq's Central Bank meets Bank of England Chief

By Editor on 16th September 2025 in Iraq Banking & Finance News

By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Alaq has met with Bank of England Governor Andrew Bailey in London to discuss strengthening cooperation between the two institutions. Talks focused on digital transformation, lessons from the Bank of England's recent banknote modernisation, and studies on digital currencies. Al-Alaq also highlighted Iraq's monetary […]

Tags: Bank for International Settlements (BIS), Bank of England, cg, featured, inflation, monetary policy, reserves, United Kingdom

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