CBI INFO & IRAQI DINAR NEWS

Economic Monitor: 35 Iraqi banks out of 72 sanctioned by the US for “snitching”

Economic Monitor: 35 Iraqi banks out of 72 sanctioned by the US for “snitching”

2025-08-06 03:16

Shafaq News – Baghdad
The Echo Iraq Observatory, which specializes in economic affairs, revealed on Wednesday that 35 of the 72 banks operating in Iraq are subject to US sanctions, noting that among them is the Bank of Baghdad, which holds accounts for the US embassy and its employees.

The observatory explained, in a report it prepared Read more…

Central Bank of Iraq: Decrease in public spending and stability in domestic debt

Central Bank of Iraq: Decrease in public spending and stability in domestic debt

2025-07-30 02:50

Shafaq News – Baghdad
The Central Bank of Iraq revealed on Wednesday a decline in public spending and a stabilization of domestic debt in April 2025.

The bank indicated in a report Read more…

Government program and economic policies revive the dinar

Government program and economic policies revive the dinar

07/28/2025

In its third year of implementation, the government program continues to make steady progress toward achieving its economic goals, despite the complex challenges posed by regional and international realities, particularly regarding the threat of war, fluctuations in energy markets, and volatile global economic cycles.

However, national growth indicators remain evident across Read more…

The Central Bank of Iraq has imposed more than 24 billion dinars in fines on banks and financial companies.

The Central Bank of Iraq has imposed more than 24 billion dinars in fines on banks and financial companies.

2025-07-26 04:17

Shafaq News – Baghdad
The Central Bank of Iraq announced on Saturday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 24 billion Iraqi dinars over the past three months.

A table from the bank, seen by Read more…

The Central Bank of Iraq sold approximately $21 billion in the first quarter of 2025.

The Central Bank of Iraq sold approximately $21 billion in the first quarter of 2025.

2025-07-22 04:23

Shafaq News – Baghdad
The Central Bank of Iraq announced on Tuesday that it purchased more than $16.5 billion from the federal Ministry of Finance in the first quarter of 2025.

The bank stated in official statistics reviewed by Shafaq News Agency that “the Central Bank purchased $16.593 billion in foreign currency from Read more…

Digital banks in Iraq: the birth of a new financial era

Digital banks in Iraq: the birth of a new financial era

07/21/2025

In conjunction with the Central Bank of Iraq’s efforts to enhance financial inclusion and modernize the banking system, a strategic initiative was launched. This initiative includes developing an instant payments project and issuing local cards, in addition to issuing Read more…

The Central Bank to Al-Maalouma: There are no concerns about salary disbursements, and cash liquidity is available.

The Central Bank to Al-Maalouma: There are no concerns about salary disbursements, and cash liquidity is available.

7-17-2025

Information / Baghdad…
Financial expert and member of the Central Bank of Iraq’s board of directors, Ahmed Brihi, confirmed on Thursday that media reports of a cash liquidity crisis affecting salary disbursements are inaccurate and contain significant exaggerations and misinformation. He emphasized that Read more…

Central Bank of Iraq and leading currencies

Central Bank of Iraq and leading currencies

7-15-2025

The Central Bank’s sales of “leading” foreign currency declined for the third consecutive month, reaching $5.7 billion in June of this year, a 15.5% decline compared to May, when sales reached $6.5 billion. Thus, the Central Bank’s foreign currency sales in the first six months of the year reached Read more…

For the third consecutive month, the Central Bank of Iraq saw a significant decline in dollar sales.

For the third consecutive month, the Central Bank of Iraq saw a significant decline in dollar sales.

2025-07-14 04:55

Shafaq News – Baghdad
The head of the Iraq Future Foundation, Manar al-Obaidi, revealed on Monday that the Central Bank of Iraq’s foreign currency sales declined during the month of June.

Al-Obaidi said in a post on his Facebook page, followed by Shafaq News Agency, that “the Central Bank’s foreign currency sales decreased for the third consecutive Read more…

Experts: The National Payment Card enhances monetary sovereignty.

Experts: The National Payment Card enhances monetary sovereignty.

07/09/2025

Economic experts have welcomed the Central Bank’s initiative to issue national electronic payment cards, stressing that the government’s move has numerous benefits, most notably its contribution to absorbing liquidity and eliminating financial hoarding, as well as strengthening the principle of monetary sovereignty. The Central Bank of Iraq recently announced that the national electronic payment Read more…

Clarification regarding the “local card” launched by the Central Bank of Iraq

Clarification regarding the “local card” launched by the Central Bank of Iraq

2025-07-07 | 07:55

An informed source revealed, on Monday, details about the local card project that was announced. Central Bank of Iraq recently.

The source said to Alsumaria News “Local card” means a system of payment cards in Iraqi dinars that is Central Bank of Iraq Responsible for it and monitoring it, and it operates on simple Read more…

Central Bank: The use of international cards continues inside and outside Iraq without change.

Central Bank: The use of international cards continues inside and outside Iraq without change.

2025-07-05

The Central Bank of Iraq issued a clarification Friday (July 4, 2025), regarding the use of international cards, confirming their continued use inside and outside Iraq without change.

The bank stated in a statement that “the National Electronic Payment Card Project is an additional local option used exclusively within Iraq and in Iraqi dinars. Read more…

The Central Bank of Iraq clarifies the “National” payment card and its scope of use.

The Central Bank of Iraq clarifies the “National” payment card and its scope of use.

2025-07-04 05:42

Shafaq News – Baghdad
The Central Bank of Iraq confirmed on Friday that the national electronic payment card project does not eliminate the use of international cards such as Visa and MasterCard, explaining that the project aims to enhance financial inclusion and diversify options for citizens.

The bank said in a statement received by Shafaq News Agency, “The National Electronic Payment Card Project is an additional local option used exclusively within Iraq in Iraqi dinars, Read more…

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…