Central Bank of Iraq Archives

PM urges CBI to halt Fall in Iraqi Dinar

By John Lee. Prime Minister Muhammad Shia Al-Sudani has urged the Central Bank of Iraq (CBI) to sell foreign currency at official prices to citizens through purchasing with electronic cards, opening sales outlets for travelers, or clients outside Iraq, or financing foreign trade. The order came at a meeting with the Governor of the CBI, […]

The post PM urges CBI to halt Fall in Iraqi Dinar first appeared on Iraq Business News.

Iraqinews December 30, 2022

CBI takes action to Stabilise Iraqi Dinar Exchange Rate

The Central Bank of Iraq (CBI) has announced a package of measures to help stabilise the dinar/dollar exchange rate. A translation of the statement from the CBI list the following: Allowing the banks participating in the foreign currency buying and selling window to buy any amounts in foreign currency and deposit them with this bank […]

The post CBI takes action to Stabilise Iraqi Dinar Exchange Rate first appeared on Iraq Business News.

Iraqinews December 22, 2022

Central Bank of Iraq “Takes Custody” over North Bank for Finance

By John Lee. The Central Bank of Iraq (CBI) is reported to have taken custody over the North Bank for Finance. A Director of the CBI, Majid Al-Suri, told the Organized Crime and Corruption Reporting Project (OCCRP) that the custodianship was a “corrective measure” as a “a result of irregularities and instability in the bank’s […]

The post Central Bank of Iraq “Takes Custody” over North Bank for Finance first appeared on Iraq Business News.

Iraqinews November 3, 2022

CBI discusses Electronic Payments in Iraq

By John Lee. A high-level delegation from the Central Bank of Iraq (CBI), headed by the Deputy Governor, Dr. Ammar Hamad Khalaf, participated in the annual meetings held by the International Monetary Fund (IMF) and the World Bank in Washington, DC. During the meetings they parties discussed cooperation with Iraq, and to provide the necessary […]

The post CBI discusses Electronic Payments in Iraq first appeared on Iraq Business News.

Iraqinews October 19, 2022

Central Bank of Iraq statement on Financial Stability

By John Lee. The Central Bank of Iraq (CBI) has issued a statement on its annual private financial stability report for 2021, which included a set of financial and monetary indicators that reflect the performance of the Iraqi financial and banking sector, and diagnose challenges and opportunities for this important sector in the economy. The […]

The post Central Bank of Iraq statement on Financial Stability first appeared on Iraq Business News.

Iraqinews September 13, 2022

Central Bank of Iraq: “No Future Plan to change Exchange Rate”

By John Lee. The Central Bank of Iraq (CBI) has said that there is no justification for changing the exchange rate of the Iraqi dinar relative to the US dollar. CBI Deputy Governor, Ammar Khalaf, confirmed to the official Iraqi News Agency (INA) that, “in our belief as a monetary authority, there is no justification […]

The post Central Bank of Iraq: “No Future Plan to change Exchange Rate” first appeared on Iraq Business News.

Iraqinews July 12, 2022

Central Bank of Iraq increases Capital

By John Lee. The Central Bank of Iraq (CBI) has reportedly announced an increase in its capital. State-owned Iraqi News Agency (INA) said that the capital will be increased from 3 trillion dinars (approximately $2 billion) to 5 trillion dinars. It quotes the media office of CBI as saying that the increase was made using […]

The post Central Bank of Iraq increases Capital first appeared on Iraq Business News.

Iraqinews May 23, 2022