CBI INFO & IRAQI DINAR NEWS

Dinar’s rise revives hopes for financial stability

Dinar’s rise revives hopes for financial stability

2025/05/11

The Iraqi dinar has recently performed strongly against the dollar, driven by a series of monetary measures implemented by the Central Bank. These measures have contributed to reducing demand for hard currency in the parallel market and boosting traders’ confidence Read more…

Net foreign assets at the Central Bank of Iraq decreased

Net foreign assets at the Central Bank of Iraq decreased

2025-05-10 04:34

Shafaq News/ The Central Bank of Iraq revealed, on Saturday, a decline in the bank’s net foreign assets, in addition to a slight decrease in domestic debt for January 2025.

The bank said in a report on financial and monetary indicators in Iraq, Read more…

An economist identifies the “most important reason” behind the dollar’s decline in Iraq.

An economist identifies the “most important reason” behind the dollar’s decline in Iraq.

2025-05-10

Economist Nabil Al-Marsoumi said on Friday (May 9, 2025) that progress in the Iranian-American negotiations is the most important reason behind the rise in the exchange rate of the Iraqi dinar against the dollar.

Al-Marsoumi said in an analysis he published, “Although the rise in the dinar’s Read more…

The Central Bank of Iraq has imposed more than 41 billion dinars in fines on banks and exchange companies.

The Central Bank of Iraq has imposed more than 41 billion dinars in fines on banks and exchange companies.

2025-05-08 01:30

Shafaq News/ The Central Bank of Iraq announced on Thursday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 41 billion Iraqi dinars over the past three months.

A bank schedule, seen by Shafaq News Agency, showed that fines imposed on banks Read more…

What does the Central Bank’s decision to support pilgrims in dollars mean?

What does the Central Bank’s decision to support pilgrims in dollars mean?

5-3-2025

Al-Maalouma/Baghdad…
Member of the Parliamentary Economy and Investment Committee, MP Yassin Hassan, confirmed today, Saturday, that the Central Bank of Iraq has issued urgent instructions to facilitate the procedures for selling dollars to pilgrims to the House of God this season.
Hassan said in an interview with Al-Maalouma, “The Central Bank directed Read more…

Maliki’s coalition sounds the alarm: Iraq’s financial situation is dangerous and salaries are threatened.

Maliki’s coalition sounds the alarm: Iraq’s financial situation is dangerous and salaries are threatened.

2025-05-03 03:50

Shafaq News/ The State of Law Coalition, led by Nouri al-Maliki, described the current financial situation in Iraq as “very dangerous” on Saturday, warning that the salaries of public sector workers are now threatened by this situation.

Thaer Makhif, a member of the coalition, told Shafaq News Agency, “There is a real financial crisis that Mohammed Shia al-Sudani’s government is currently Read more…

Economist: Iraq lost $7.4 billion of its foreign reserves in three months.

Economist: Iraq lost $7.4 billion of its foreign reserves in three months.

5-1-2025

Al-Maalomah/Baghdad…
Economic expert Nabil Al-Marsoumi revealed, on Thursday, a significant decline in the Central Bank of Iraq’s foreign currency reserves during the first quarter of 2025, as a result of the decline in oil revenues resulting from the decline in global oil prices.
Al-Marsoumi said in a tweet followed by Al-Maalomah, “The Central Bank’s reserves decreased from Read more…

The Central Bank issues instructions to sell dollars to Iraqi pilgrims.

The Central Bank issues instructions to sell dollars to Iraqi pilgrims.

2025-05-01 05:43

Shafaq News/ The Central Bank of Iraq issued instructions to sell dollars to Iraqi pilgrims to the Holy House of God, setting the exchange rate at (1320) dinars, and limiting the amount of $2000 only.

A document issued by the Central Bank, signed by the acting deputy governor, Read more…

Iraq strengthens partnership with US banks to support economic stability and investment.

Iraq strengthens partnership with US banks to support economic stability and investment.

4-30-2025

Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed on Wednesday that linking up with US banks provides financing and credit lines for trade and investment in Iraq. He also explained that direct cooperation with more than one US bank reduces the costs of Read more…

The Central Bank of Iraq indicates a decline in public government spending.

The Central Bank of Iraq indicates a decline in public government spending.

2025-04-28 01:13

Shafaq News/ The Central Bank of Iraq announced on Monday that public government spending will decline by the end of 2024, stressing that this indicates a decline in the currency issued to 100 trillion dinars.

The bank stated in a report on monetary and financial indicators, Read more…

Iraq agrees to open another bank in the US to establish relations with its banks in transfer operations.

Iraq agrees to open another bank in the US to establish relations with its banks in transfer operations.

4-27-2025

The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed an agreement to establish another bank in the United States to establish relationships with Iraqi banks for money transfer operations.

The Governor of the Central Bank of Iraq said in an interview Read more…

The rise in the value of the national currency has local and international causes.

The rise in the value of the national currency has local and international causes.

04/27/2025

The Iraqi dinar’s exchange rate against the US dollar has witnessed a significant improvement over the current period, supported by a number of internal and external factors. Most notably, the country’s large financial reserves, the prudent monetary policies pursued by the Central Bank of Iraq, and signs of a thaw in US- Read more…

Central Bank of Iraq and Securities

Central Bank of Iraq and Securities

2-27-2025

The number of banknotes issued by the Central Bank during January 2025 amounted to 6 billion banknotes, with a value of 100.3 trillion Iraqi dinars, an increase of 4.7% compared to January 2022, when the number of banknotes issued amounted to Read more…

Analysis of the Central Bank of Iraq’s instructions regulating the use of bank cards and their expected impact on the national economy.

Analysis of the Central Bank of Iraq’s instructions regulating the use of bank cards and their expected impact on the national economy.

4-26-2025

Researcher Shaza Khalil*
The Central Bank of Iraq recently issued new instructions regarding updating employee and retiree data and regulating the use of bank cards outside Iraq. These measures aim to enhance transparency and compliance with international banking regulations, in addition to achieving monetary Read more…

An Iraqi delegation in Washington discusses economic support and development projects.

An Iraqi delegation in Washington discusses economic support and development projects.

2025-04-26

An Iraqi government delegation, headed by Finance Minister Taif Sami and Central Bank Governor Ali Al-Alaq, participated in the Spring Meetings of the World Bank and the International Monetary Fund in Washington, D.C., to discuss Read more…

Within days, MasterCard services are expected to be suspended in Iraqi banks.

Within days, MasterCard services are expected to be suspended in Iraqi banks.

2025-04-23 01:14

Shafaq News/ A financial expert and former official at the Central Bank of Iraq revealed on Wednesday that MasterCard cards will cease to be used by some banks at the end of April.

Mahmoud Dagher told Shafaq News Agency, “MasterCards from the sanctioned banks will no longer be used outside the country,” noting that Read more…

Will the government resort to mandatory deposits for citizens? These obstacles

Will the government resort to mandatory deposits for citizens? These obstacles

2025/04/22

The head of the Iraqi Economic Alliance, Adi Al-Alawi, warned of the major challenges facing monetary and fiscal policy in Iraq, emphasizing that financial reform requires real tools for transformation, most notably the independence of the central bank.

During his appearance on Read more…

Banking sector update

Banking sector update

04/15/2025

Iraq has recently witnessed significant improvements on the political, economic, and security fronts, which has had a positive impact on attracting foreign and Arab investments, particularly in the banking sector.

The increasing presence of foreign and Arab banks in the country is evidence of a recovering investment environment and reflects government efforts to Read more…

The Central Bank of Iraq amends the regulations of the renewable energy initiative.

The Central Bank of Iraq amends the regulations of the renewable energy initiative.

2025-04-10

The Central Bank of Iraq issued an amendment to the regulations of the Renewable Energy Initiative today, Thursday, in a move aimed at promoting sustainable development and supporting the use of renewable energy. The Central Bank stated in a statement, “Based on the Central Bank of Iraq’s goal of promoting Read more…

Government advisor: The dollar exceeds 40% of Iraq’s foreign currency reserves.

Government advisor: The dollar exceeds 40% of Iraq’s foreign currency reserves.

2025-04-09 03:00

Shafaq News/ The financial advisor to the Iraqi Prime Minister, Mazhar Mohammed Salih, revealed on Wednesday that more than 40% of the country’s foreign currency reserves are in US dollars.

Saleh told Shafaq News Agency, “The US dollar accounts for more than Read more…