CBI INFO & IRAQI DINAR NEWS

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…

The Iraqi currency: a document that attracts tourists and investors.

The Iraqi currency: a document that attracts tourists and investors.

06/02/2025

Currency has played a significant role in regulating economic and political life in Iraq, with its forms and symbols evolving over the ages, all the way to the modern era. It has become an essential part of the national and international economic structure, and with Baghdad being designated the Arab Capital of Tourism, it represents a means of attracting tourist investors.

The Iraqi currency has undergone many transformations, 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.

2025-06-02 | 04:03

Confirmed Central Bank of Iraq Today, Monday, it has reserves exceeding $100 billion, coinciding with increasing talk of a financial crisis and liquidity shortage facing it. State treasury.

He said Director General of the Department Investments in the bank Muhammad Yunus “Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is Read more…

Al-Sudani’s advisor: Increasing foreign reserves boosts market confidence in Iraq’s monetary policy

Al-Sudani’s advisor: Increasing foreign reserves boosts market confidence in Iraq’s monetary policy

6-2-2025

Al-Maalouma/Baghdad…
The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed on Monday that there is a direct proportional relationship between the current account surplus of the balance of payments and the development of the Central Bank’s foreign currency reserves, noting that this surplus has been positively Read more…

They made half a billion in a year… e-cards become a “dollar smuggler” after the remittance loophole was closed in Iraq.

They made half a billion in a year… e-cards become a “dollar smuggler” after the remittance loophole was closed in Iraq.

2025-06-01 | 01:47

Revealed The Wall Street Journal The American, today, Sunday, revealed details that led to reducing the ceiling on withdrawals and spending from electronic cards outside Iraq And many of them were also stopped, noting that there was a jump of about 3000% in MasterCard and Visa Card transactions in Iraq, as a result of Read more…

Dollar window sales in the first quarter of 2025 were 5% higher than last year.

Dollar window sales in the first quarter of 2025 were 5% higher than last year.

2025-06-01 | 04:11

Data revealed Central Bank of Iraq… about a rise in dollar sales during the first quarter of this year by more than 5% compared to the same period last year (2024), exceeding $20 billion.

According to data provided by the economic researcher Manar Al-Abidi The Central Bank’s foreign exchange sales Read more…

Central Bank Governor: Iraq is committed to combating money laundering at the international level.

Central Bank Governor: Iraq is committed to combating money laundering at the international level.

2025-05-28 00:41

Shafaq News/ The Governor of the Central Bank of Iraq, Ali Al-Alaq, affirmed on Wednesday Iraq’s commitment to combating money laundering and terrorist financing in cooperation with international partners.

In a speech delivered at a conference held in Baghdad on combating money laundering and terrorist financing, Al-Alaq said, “We in Iraq are cooperating effectively with our international partners, particularly Read more…

Central Bank: Iraq’s dollar cash distribution system is the best among countries in the world.

Central Bank: Iraq’s dollar cash distribution system is the best among countries in the world.

2025-05-28 02:07

Shafaq News/ On Wednesday, the Governor of the Central Bank, Ali Al-Alaq, described the cash distribution system for the dollar in Iraq as “the best among countries in the world.”

In a speech at a conference held in Baghdad on combating money laundering and terrorist financing, Al-Alaq said, “We have many important achievements Read more…