CBI INFO & IRAQI DINAR NEWS

Banking reform between the strictness of the standard and the realism of implementation

Banking reform between the strictness of the standard and the realism of implementation

09/22/2025

The Central Bank of Iraq and the local banking system are going through a critical phase that does not tolerate gray solutions. After the Central Bank contracted Oliver Wyman last year to conduct a comprehensive study, the initial report was submitted a few weeks ago, followed by the final report, which included Read more…

Legal expert: The Central Bank is following a wise policy in diversifying its investments.

Legal expert: The Central Bank is following a wise policy in diversifying its investments.

2025/09/22

Legal expert Salah Nouri confirmed on Monday that the Central Bank of Iraq is adopting a wise policy to diversify its investments, balancing investments in gold and US bonds to bolster its financial reserves.
Nouri told Al Furat News Agency, “Central banks around the world, including the Central Bank of Iraq, are pursuing Read more…

The Central Bank expects to end cash transactions in Iraq by mid-2026.

The Central Bank expects to end cash transactions in Iraq by mid-2026.

2025-09-22 | 03:39

Alsumaria News Economy:
The Central Bank expects July 2026 to be the date for ending cash payments in all government institutions and other facilities.
The Director of Non-Banking Financial Institutions Supervision at the Bank, Dr. Durgham Musa said, “The Central Bank, within the framework of legislation Read more…

Iraq: Exports and imports decline in the second quarter of 2025

Iraq: Exports and imports decline in the second quarter of 2025

2025-09-22 02:07

Shafaq News – Baghdad
The Central Bank of Iraq announced on Monday a decline in exports and imports in Iraq during the second quarter of 2025.

The bank stated, in statistics reviewed Read more…

6.8 trillion dinars in electronic collections in 2025

6.8 trillion dinars in electronic collections in 2025

09/17/2025

The Central Bank of Iraq revealed that the total government electronic collections through points of sale (POS) during the first eight months of 2025 exceeded six trillion dinars, while the number of employee payroll cards exceeded five million.

The Director General of the Information Technology and Payments Department at the Central Bank of Iraq, Adnan Asaad, told Read more…

Al-Kalabi: The Central Bank is going through its worst conditions, and the governor has proposed an illogical idea regarding exchange offices.

Al-Kalabi: The Central Bank is going through its worst conditions, and the governor has proposed an illogical idea regarding exchange offices.

2025/09/15

The head of the Parliamentary Finance Committee, Youssef Al Kalabi, confirmed that the Central Bank is experiencing “its worst administrative circumstances,” warning of the dangers of the financial policies pursued over the past three years.

During his appearance on the Al-Noqta program on Al-Furat satellite channel, Read more…

Iraq is at the forefront of Arab countries in global trade.

Iraq is at the forefront of Arab countries in global trade.

2025-09-11 03:48

Shafaq News – Baghdad
Iraq ranked third among Arab countries in trade with countries around the world in 2024, according to statistics issued by the Central Bank.

The bank stated in a report Read more…

Iraqi Banks Association: The reform plan has reached its final form and will include all private banks.

Iraqi Banks Association: The reform plan has reached its final form and will include all private banks.

2025-09-11

The Iraqi Private Banks Association confirmed on Thursday that banking reform in Iraq includes both the public and private sectors, while indicating that the reform plan has reached its final form and will include all private banks without exception. The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency that “the banking reform in Iraq consists of two parts, the first Read more…

Digital banks and financial inclusion

Digital banks and financial inclusion

2025/09/10

Today, Iraq is witnessing the launch of a new era of banking services, shifting toward digital services in line with the global trend toward digitization and the abandonment of traditional services.

This sound approach is not just about smart applications and digital platforms, but rather represents the launch of an ambitious vision Read more…

Experts: Banking reforms are necessary to enhance financial stability.

Experts: Banking reforms are necessary to enhance financial stability.

09/08/2025

The Iraqi banking sector is undergoing a pivotal phase marked by comprehensive reform and institutional development. The Central Bank, in collaboration with private banks, the government, and the global consulting firm Oliver Wyman, is implementing a strategic plan aimed at enhancing financial stability, diversifying Read more…

The Parliamentary Finance Committee decided to host the Ministers of Planning and Finance to resolve the pensioner salaries crisis.

The Parliamentary Finance Committee decided to host the Ministers of Planning and Finance to resolve the pensioner salaries crisis.

9-7-2025

Al-Maalouma/Baghdad..
The Parliamentary Finance Committee decided, on Sunday, to host the Ministers of Planning and Finance and the Governor of the Central Bank to resolve the crisis of delayed pensioner salaries.
A statement by the committee Read more…

Bank deposit growth and cash credit decline in Iraq

Bank deposit growth and cash credit decline in Iraq

2025-09-06 04:20

Shafaq News – Baghdad
The Central Bank of Iraq announced on Saturday that bank deposits in the country grew for June 2025, while credit growth registered a slight decline.

According to bank statistics reviewed Read more…

The Central Bank launches new services via electronic wallets.

The Central Bank launches new services via electronic wallets.

2025/09/03

The Central Bank of Iraq announced the launch of reciprocal money transfer services via electronic wallets, which will enable individuals and business owners to conduct their financial transactions with greater speed and flexibility.
These services include, according to a statement from the Central Bank, a copy of which was received Read more…

Economist: Iraq enjoys financial stability thanks to the Central Bank’s reserves.

Economist: Iraq enjoys financial stability thanks to the Central Bank’s reserves.

9-3-2025

Al-Maalouma/Exclusive:
Economic advisor, Mazhar Mohammed Saleh, confirmed on Wednesday that financial stability in Iraq is solid, and no worrying indicators have yet emerged, despite the external challenges and geopolitical shocks facing the world.
Saleh told Al-Maalouma that “financial concerns are mainly due to the Read more…

Central Bank of Iraq: Revenues and expenditures rise for June

Central Bank of Iraq: Revenues and expenditures rise for June

2025-09-03 02:15

Shafaq News – Baghdad
The Central Bank of Iraq revealed on Wednesday that public revenues and expenditures increased during the month of June.

The bank said in official statistics seen by Shafaq News Agency that public revenues for June rose to 62 billion and 4 million dinars, compared to Read more…

Controversy over the effectiveness of “economic laws” in Iraq

Controversy over the effectiveness of “economic laws” in Iraq

2025-09-03 04:07

Shafaq News – Baghdad
Controversy is growing over the enactment of new laws to reform Iraq’s banking system, with economists emphasizing the importance of updating them to reflect current developments.

Economic expert Abdul Rahman Al-Shaikhli told Shafaq News Agency, “Despite three decades having passed since the change Read more…

Iraq’s domestic public debt rises sharply

Iraq’s domestic public debt rises sharply

2025-09-02 03:03

Shafaq News – Baghdad
The Central Bank of Iraq announced on Tuesday that domestic public debt will rise by the end of June 2025.

The bank said in an official statistic seen by Shafaq News Agency, “Iraq’s domestic public debt rose by the end of June of this year to reach 87 trillion Read more…

Baghdad: Official symposium discusses banking sector reform amid sanctions and challenges

Baghdad: Official symposium discusses banking sector reform amid sanctions and challenges

2025-09-01 08:23

Shafaq News – Baghdad
The Center for Trade and Economic Studies, affiliated with the Iraqi Ministry of Trade, organized an expanded symposium on Monday to discuss reforms related to the private banking sector and develop a shared vision between Iraqi banks and international experts.

The symposium, titled “Central Bank Reform and the Vision of Private Banks,” was Read more…

The Iraqi bank’s sales exceeded $40 billion in six months.

The Iraqi bank’s sales exceeded $40 billion in six months.

2025-09-01 02:21

Shafaq News – Baghdad
The Central Bank of Iraq revealed on Monday its foreign currency sales, which amounted to more than $40 billion during the first half of this year.

According to the bank’s latest statistics, reviewed Read more…

The banking and financial sectors in Iraq: Paths towards an integrated economy

The banking and financial sectors in Iraq: Paths towards an integrated economy

9-1-2025

Researcher Shaza Khalil
The banking sector remains the backbone of the financial system in Iraq, focusing on attracting deposits and providing loans. Although the Iraqi government and the Central Bank have adopted a strategy in recent years to promote financial inclusion and expand the use of electronic payments to increase the volume of banking Read more…