CBI INFO & IRAQI DINAR NEWS

Chaos and Sole Control… Who is behind the National Bank’s monopoly on foreign remittances?

Chaos and Sole Control… Who is behind the National Bank’s monopoly on foreign remittances?

2025-07-03 | 04:33

Alsumaria News- Economist:
The banking sector is witnessing…Iraq Recently, there has been an escalation in popular discontent and political controversy following the bank’s dominance. Al-Ahly Iraq’s monopoly on remittances from abroad has led to the exclusion of a number of local banks from this vital issue, causing real crises for citizens and raising widespread questions Read more…

A slight decrease in Iraq’s domestic public debt

A slight decrease in Iraq’s domestic public debt

2025-07-03 01:27

Shafaq News – Baghdad
The Central Bank of Iraq announced today, Thursday, a slight decrease in domestic public debt by the end of April 2025.

The bank said in official statistics seen by Shafaq News Agency that “Iraq’s domestic public debt decreased at the end of April of this year to reach Read more…

Billions of dollars in foreign investment in Iraq declined

Billions of dollars in foreign investment in Iraq declined

2025-07-02 03:53

Shafaq News/ The Iraq Future Foundation for Economic Studies and Consultations reported on Wednesday a significant decline in net foreign investment in Iraq during the past year and the first quarter of this year.

In a report published today, the Foundation’s chairman and economic expert, Manar Al-Obaidi, said that data released by the Central Bank of Iraq showed that net Read more…

Iraq’s imports exceed $21 billion in the first quarter of 2025.

Iraq’s imports exceed $21 billion in the first quarter of 2025.

2025-06-28 03:36

Shafaq News – Baghdad
The Central Bank of Iraq announced on Saturday that Iraq’s imports for the first quarter of 2025 amounted to more than $21 billion.

The bank stated in statistics reviewed Read more…

IMF: Iraq has made progress in transitioning to a new system for financing foreign trade.

IMF: Iraq has made progress in transitioning to a new system for financing foreign trade.

2025-06-25 00:19

Shafaq News/ The International Monetary Fund (IMF) mission considered that the Central Bank of Iraq has achieved “significant progress” by transitioning to a new system for financing foreign trade.

A statement issued by the bank quoted the mission as confirming that “the Central Bank of Iraq has made progress in Read more…

Central Bank: Iraq’s foreign exchange reserves are sufficient to cover 13 months of imports.

Central Bank: Iraq’s foreign exchange reserves are sufficient to cover 13 months of imports.

2025-06-25 03:38

Shafaq News/ The Central Bank revealed on Wednesday that Iraq’s foreign currency reserves are sufficient to cover 13 months of imports.

The bank said in a report seen by Shafaq News Agency that “import coverage is often viewed as a measure of the number of months that imports could be sustained Read more…

Financial Advisor: Iraq has the highest foreign exchange reserves in its history and its economy is entering a boom phase.

Financial Advisor: Iraq has the highest foreign exchange reserves in its history and its economy is entering a boom phase.

2025-06-19

The Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, confirmed on Thursday that Iraq is witnessing economic stability and developmental prosperity, with low inflation and unemployment and high growth, while pointing out that foreign exchange reserves are the highest in Iraq’s history. Salih told the official agency, “Iraq is facing strong economic Read more…

Banking reform: towards a more efficient banking structure

Banking reform: towards a more efficient banking structure

06/17/2025

Financial sector experts unanimously agree on the importance of proceeding with a comprehensive restructuring of the state-owned banking sector, a move overseen by the Central Bank in collaboration with the global consulting firm Ernst & Young. The process includes the restructuring of six out of seven state-owned banks, in response to directives from Prime Minister Mohammed Shia al-Sudani as part of Read more…

The Central Bank of Iraq’s foreign currency reserves declined.

The Central Bank of Iraq’s foreign currency reserves declined.

2025-06-17 03:46

Shafaq News/ The Central Bank of Iraq announced on Tuesday that its foreign exchange reserves had declined by the end of May 2025.

The bank said in official statistics seen by Shafaq News Agency that “the foreign currency reserves of the Central Bank until May 31 of this year amounted to Read more…

What is the size of Iraq’s external and internal debt? The Central Bank answers.

What is the size of Iraq’s external and internal debt? The Central Bank answers.

2025-06-14 02:39

Shafaq News/ The Central Bank of Iraq revealed, on Saturday, the size of Iraq’s external and internal debts incurred during 2024.

The bank stated in official statistics reviewed by Shafaq News Agency that the size of Iraq’s debts in 2024 amounted to Read more…

An Iraqi government bank electronically combats suspicious financial transactions.

An Iraqi government bank electronically combats suspicious financial transactions.

2025-06-12 01:49

Shafaq News/ Rafidain Bank’s General Manager, Ali Karim, stated on Thursday that the bank has begun combating suspicious financial transactions, such as money laundering, through electronic technologies.

In a speech delivered at the “Governance Forum” held in Baghdad and attended by Read more…

The Central Bank of Iraq announces the latest statistics on its foreign exchange reserves.

The Central Bank of Iraq announces the latest statistics on its foreign exchange reserves.

2025-06-11 04:41

Shafaq News/ The Central Bank of Iraq announced, on Wednesday, an increase in its foreign currency reserves during May 2025.

The bank stated in official statistics, reviewed by Shafaq News Agency, that “the Central Bank’s foreign reserves as of May 22 of this year Read more…

The era of the digital republic has begun. Iraq is cashless, and the Central Bank imposes its authority as the “ruler of the country.”

The era of the digital republic has begun. Iraq is cashless, and the Central Bank imposes its authority as the “ruler of the country.”

2025-06-10

With increasing pressure on cash liquidity in Iraq, the government has begun expanding its reliance on electronic payment systems within state institutions. This move, which may appear on the surface to be a technical measure to modernize transactions, is essentially linked—according to experts—to an attempt to contain a growing financial crisis by reducing reliance on paper money Read more…

Iraq joins the club of advanced countries in electronic payments with 22 million bank cards.

Iraq joins the club of advanced countries in electronic payments with 22 million bank cards.

2025/06/09

Nabil Al Najjar, head of the electronic payments team, announced that Iraq has become one of the most advanced countries in this field, thanks to decisive government decisions and support from the Central Bank and the financial sector. He noted that the number of bank cards has exceeded 22 million, and that their usage is constantly increasing, with intensive efforts to Read more…

The currency printed in Iraq is at its lowest level since a year.

The currency printed in Iraq is at its lowest level since a year.

2025-06-08 | 02:58

Data showed Central Bank of Iraq The value of the issued currency, “printed” in Iraq Currently at its lowest level in a year.

According to the latest data Statistics For the currency issued in Iraq In April 2025, the value of the issued “printed” currency will be Read more…

The Parliamentary Economic Committee holds the Central Bank responsible for the liquidity crisis.

The Parliamentary Economic Committee holds the Central Bank responsible for the liquidity crisis.

6-7-2025

Information/Baghdad…
On Saturday, Kazem Attia, a member of the Parliamentary Economics Committee, held the Central Bank responsible for the cash liquidity crisis, pointing to the banking system’s failure to find effective mechanisms to recycle currency within the system.

“The failure of the banking system has led citizens to hoard their money Read more…

Where did the money go? Iraq’s domestic public debt is rising.

Where did the money go? Iraq’s domestic public debt is rising.

2025-06-07 03:47

Shafaq News/ The Central Bank of Iraq announced on Saturday that Iraq’s domestic public debt had risen by the end of March of this year, revealing the entities to which the debts had been allocated.

The bank stated in official statistics reviewed Read more…

Al-Alaq: The Central Bank’s plan to address challenges in private sector lending operations

Al-Alaq: The Central Bank’s plan to address challenges in private sector lending operations

2025-06-04 01:18

Shafaq News/ The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, stated on Wednesday that the Central Bank is seeking to address the challenges facing private sector lending.

This came in a speech he delivered at the launch of a workshop on the Central Bank of Iraq’s strategy to increase Read more…

The Central Bank directs banks not to suspend their work except by a decision from the Federal Government

The Central Bank directs banks not to suspend their work except by a decision from the Federal Government

2025-06-04 06:32

Shafaq News/ The Central Bank of Iraq directed banks and financial institutions not to suspend their work except by a decision from the federal government, not by holidays granted by local governments.

Shafaq News Agency obtained a document signed by the acting deputy governor, Ammar Hamad Khalaf, and addressed to all authorized banks and non-banking Read more…

After talks of a liquidity crisis, the Central Bank reveals an inventory of its coffers.

After talks of a liquidity crisis, the Central Bank reveals an inventory of its coffers.

2025-06-03

The Central Bank of Iraq confirmed on Monday that it has reserves exceeding $100 billion, amid growing talk of a financial crisis and liquidity shortage facing the state treasury.

“Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no Read more…