CBI INFO & IRAQI DINAR NEWS

The Central Bank sets a plan for banking reform.

The Central Bank sets a plan for banking reform.

2025/11/03

The Central Bank of Iraq has identified several key points for the banking reform plan that it agreed upon with the global company “Oliver Wyman”.
Central Bank spokesman Alaa Al-Fahd said in a press statement that “the plan is the most important strategy undertaken by the Central Bank to develop Read more…

Hantoush: Liberation from dollar restrictions marks a new beginning for the Iraqi banking sector.

Hantoush: Liberation from dollar restrictions marks a new beginning for the Iraqi banking sector.

11-2-2025

Information / Baghdad –
Financial and banking expert Mustafa Hantoush confirmed on Saturday that the Iraqi banking sector is on the verge of a new phase of liberation from dollar restrictions, stressing that this Read more…

An expert told Shafaq News: 90 trillion dinars are hoarded by Iraqis and do not reach the banks.

An expert told Shafaq News: 90 trillion dinars are hoarded by Iraqis and do not reach the banks.

2025-11-02 01:09

Shafaq News – Baghdad
Financial expert Mahmoud Dagher revealed on Sunday that the amount of cash held by the “public” is estimated at about 90 trillion dinars, out of a total of 98 trillion dinars that is the size of the cash mass Read more…

The Central Bank of Iraq signs a cooperation agreement with the National Bank of Kuwait – Bahrain.

The Central Bank of Iraq signs a cooperation agreement with the National Bank of Kuwait – Bahrain.

2025-10-29

The Central Bank of Iraq signed a joint cooperation agreement with National Bank of Kuwait-Bahrain in the capital Baghdad.
A statement from the bank indicated that “under the patronage and in the presence of the governor Central Bank of Iraq, Ali Mohsen Al-Alaq, Read more…

With Al-Sudani’s attendance, Iraq ushered in a renewed banking era.

With Al-Sudani’s attendance, Iraq ushered in a renewed banking era.

10-28-2025

Baghdad – Mail
Arab Bank – Iraq inaugurated its headquarters in Baghdad in the presence of Prime Minister Mohammed Shia al-Sudani, who affirmed that the bank’s presence represents a strategic addition to the national banking sector.

The bank said in a statement, “The launch of Arab Bank – Iraq comes Read more…

Central Bank: E-commerce rises to $60 billion

Central Bank: E-commerce rises to $60 billion

10/28/2025

The Central Bank of Iraq expects the amount of electronic payments to reach $60 billion by 2035, as part of the reform plan and the gradual abandonment of paper transactions.

In an exclusive interview with Al-Sabah, the bank’s spokesperson, Read more…

Al-Kadhimi: The parallel market is behind the rise in the dollar exchange rate.

Al-Kadhimi: The parallel market is behind the rise in the dollar exchange rate.

10-27-2025

Al-Maalouma / Baghdad…
Representative Moeen Al-Kadhimi confirmed, on Monday, that the rise in the dollar exchange rate is mainly due to the trend of most traders towards the parallel market (black market) to purchase hard currency to finance import operations.
Al-Kadhimi said in a statement Read more…

Expert: Iraqi banks need comprehensive reform to free themselves from the restrictions of dollar transactions.

Expert: Iraqi banks need comprehensive reform to free themselves from the restrictions of dollar transactions.

10-27-2025

Al-Maalouma/Baghdad..
Financial and banking expert Mustafa Hantoush confirmed on Monday that the banking sector in Iraq stands today on the threshold of a new phase, as it approaches liberation from restrictions on dealing in the dollar. However, at the same time, it needs radical reforms to modernize Read more…

Deposit growth declines and cash credit rises in Iraq

Deposit growth declines and cash credit rises in Iraq

2025-10-22 03:32

Shafaq News – Baghdad
The Central Bank of Iraq reported on Wednesday a decline in bank deposit growth, while credit growth increased during July.

A bank statistic reviewed by Shafaq News Agency showed that total deposits at banks operating in Iraq Read more…

The Central Bank of Iraq sold more than $47 billion in sales in seven months.

The Central Bank of Iraq sold more than $47 billion in sales in seven months.

2025-10-21 04:04

Shafaq News – Baghdad
The Central Bank of Iraq revealed on Tuesday its foreign currency sales, which amounted to more than $47 billion during the first seven months of the current year.

The bank said in statistics reviewed Read more…

Iraq’s Internal Debt in Numbers: From Currency Printing to the Three-Year Budget

Iraq’s Internal Debt in Numbers: From Currency Printing to the Three-Year Budget

2025-10-21

Since 2003, Iraq has been trapped in a vicious financial cycle, plagued by recurring crises and changing governments. The only constant, however, is its reliance on domestic debt as a temporary savior during every financial crisis or oil price downturn. Whenever revenues dwindle, the state resorts to financing through Read more…

Central Bank: Iraq’s debt is moderate and within safe limits.

Central Bank: Iraq’s debt is moderate and within safe limits.

10/20/2025

The Central Bank of Iraq stressed that the ratio of public debt to GDP did not exceed 43%, describing it as moderate and within internationally safe limits, and does not constitute a burden on the national Read more…

An economist calls for the establishment of a government bank to guarantee depositors’ funds.

An economist calls for the establishment of a government bank to guarantee depositors’ funds.

10-20-2025

Al-Maalouma / Baghdad..
Economic expert Basil Al-Obaidi confirmed on Monday that one of the most prominent reasons for the shortage of cash liquidity in Iraqi banks is the lack of confidence of citizens in the safety of their deposited funds. This has led many to store large sums of money, whether in Iraqi dinars or foreign currencies, Read more…

Iraqi banks and exchange companies fined 91 billion dinars over nine months.

Iraqi banks and exchange companies fined 91 billion dinars over nine months.

2025-10-20 02:26

Shafaq News – Baghdad
The Central Bank of Iraq announced on Monday that it had imposed fines on banks and non-banking institutions (exchange companies) amounting to more than 91 billion Iraqi dinars over the first nine months of 2025.

A bank statistic, seen Read more…

Sudani’s advisor explains: External debt must be repaid by 2028 and does not exceed $9 billion.

Sudani’s advisor explains: External debt must be repaid by 2028 and does not exceed $9 billion.

2025-10-19 | 05:50

Alsumaria News- Economy
Advisor issued prime minister For financial affairs, Mazhar Muhammad Salih Today, Sunday, he clarified Iraq’s internal and external debts, noting that the external debt is due for repayment by 2028 and does not exceed $9 billion.

Saleh said in a statement to the official agency, “There is a blurry picture in Read more…

Al-Salami: Private banks violate the Central Bank’s instructions and waste millions of dinars daily.

Al-Salami: Private banks violate the Central Bank’s instructions and waste millions of dinars daily.

10-19-2025

Al-Maalouma / Baghdad..
Representative Hadi Al-Salami revealed, on Sunday, the existence of private banks that violate the laws and instructions issued by the Central Bank of Iraq, noting that these violations cause the daily waste of millions of dinars without effective Read more…

Central Bank: External debt does not exceed $13 billion, and the deficit is lower than planned.

Central Bank: External debt does not exceed $13 billion, and the deficit is lower than planned.

2025-10-19 03:22

Shafaq News – Baghdad
The Central Bank of Iraq confirmed on Sunday that Iraq’s external debt does not exceed $13 billion, noting that the actual deficit is lower than planned.

The bank stated in a statement received by Shafaq News Agency, “In the context of financial transparency and to clarify Read more…

Al-Alaq reveals a major economic catastrophe by disclosing the size of Iraq’s internal and external debt.

Al-Alaq reveals a major economic catastrophe by disclosing the size of Iraq’s internal and external debt.

2025-10-19

The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed that Iraq’s total internal and external debt amounts to approximately $150 billion.

This statement comes amid Iraq’s growing fiscal deficit and the difficulty of covering it through traditional debt instruments.

Al-Alaq’s statement came in a written response to a parliamentary question Read more…

New instructions from the Central Bank of Iraq to prevent dollar smuggling starting next month

New instructions from the Central Bank of Iraq to prevent dollar smuggling starting next month

2025-10-18 00:22

Shafaq News – Baghdad
On Saturday, the Echo Iraq Observatory revealed new instructions issued by the Central Bank to all authorized banks in the country regarding financial transfers and customs clearance procedures related to the requirements for approving Read more…

Iraq’s foreign exchange reserves fell by more than $2 billion in one month.

Iraq’s foreign exchange reserves fell by more than $2 billion in one month.

2025-10-18 04:28

Shafaq News – Baghdad
The Central Bank announced on Saturday that its foreign exchange reserves had fallen to more than $2 billion by the end of July.

The bank said in an official statistic seen by Shafaq News Agency, “The foreign reserves of the Central Bank amounted to Read more…