CBI INFO & IRAQI DINAR NEWS

The Central Bank issues instructions to sell dollars to Iraqi pilgrims.

The Central Bank issues instructions to sell dollars to Iraqi pilgrims.

2025-05-01 05:43

Shafaq News/ The Central Bank of Iraq issued instructions to sell dollars to Iraqi pilgrims to the Holy House of God, setting the exchange rate at (1320) dinars, and limiting the amount of $2000 only.

A document issued by the Central Bank, signed by the acting deputy governor, Read more…

Iraq strengthens partnership with US banks to support economic stability and investment.

Iraq strengthens partnership with US banks to support economic stability and investment.

4-30-2025

Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed on Wednesday that linking up with US banks provides financing and credit lines for trade and investment in Iraq. He also explained that direct cooperation with more than one US bank reduces the costs of Read more…

The Central Bank of Iraq indicates a decline in public government spending.

The Central Bank of Iraq indicates a decline in public government spending.

2025-04-28 01:13

Shafaq News/ The Central Bank of Iraq announced on Monday that public government spending will decline by the end of 2024, stressing that this indicates a decline in the currency issued to 100 trillion dinars.

The bank stated in a report on monetary and financial indicators, Read more…

Iraq agrees to open another bank in the US to establish relations with its banks in transfer operations.

Iraq agrees to open another bank in the US to establish relations with its banks in transfer operations.

4-27-2025

The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed an agreement to establish another bank in the United States to establish relationships with Iraqi banks for money transfer operations.

The Governor of the Central Bank of Iraq said in an interview Read more…

The rise in the value of the national currency has local and international causes.

The rise in the value of the national currency has local and international causes.

04/27/2025

The Iraqi dinar’s exchange rate against the US dollar has witnessed a significant improvement over the current period, supported by a number of internal and external factors. Most notably, the country’s large financial reserves, the prudent monetary policies pursued by the Central Bank of Iraq, and signs of a thaw in US- Read more…

Central Bank of Iraq and Securities

Central Bank of Iraq and Securities

2-27-2025

The number of banknotes issued by the Central Bank during January 2025 amounted to 6 billion banknotes, with a value of 100.3 trillion Iraqi dinars, an increase of 4.7% compared to January 2022, when the number of banknotes issued amounted to Read more…

Analysis of the Central Bank of Iraq’s instructions regulating the use of bank cards and their expected impact on the national economy.

Analysis of the Central Bank of Iraq’s instructions regulating the use of bank cards and their expected impact on the national economy.

4-26-2025

Researcher Shaza Khalil*
The Central Bank of Iraq recently issued new instructions regarding updating employee and retiree data and regulating the use of bank cards outside Iraq. These measures aim to enhance transparency and compliance with international banking regulations, in addition to achieving monetary Read more…

An Iraqi delegation in Washington discusses economic support and development projects.

An Iraqi delegation in Washington discusses economic support and development projects.

2025-04-26

An Iraqi government delegation, headed by Finance Minister Taif Sami and Central Bank Governor Ali Al-Alaq, participated in the Spring Meetings of the World Bank and the International Monetary Fund in Washington, D.C., to discuss Read more…

Within days, MasterCard services are expected to be suspended in Iraqi banks.

Within days, MasterCard services are expected to be suspended in Iraqi banks.

2025-04-23 01:14

Shafaq News/ A financial expert and former official at the Central Bank of Iraq revealed on Wednesday that MasterCard cards will cease to be used by some banks at the end of April.

Mahmoud Dagher told Shafaq News Agency, “MasterCards from the sanctioned banks will no longer be used outside the country,” noting that Read more…

Will the government resort to mandatory deposits for citizens? These obstacles

Will the government resort to mandatory deposits for citizens? These obstacles

2025/04/22

The head of the Iraqi Economic Alliance, Adi Al-Alawi, warned of the major challenges facing monetary and fiscal policy in Iraq, emphasizing that financial reform requires real tools for transformation, most notably the independence of the central bank.

During his appearance on Read more…

Banking sector update

Banking sector update

04/15/2025

Iraq has recently witnessed significant improvements on the political, economic, and security fronts, which has had a positive impact on attracting foreign and Arab investments, particularly in the banking sector.

The increasing presence of foreign and Arab banks in the country is evidence of a recovering investment environment and reflects government efforts to Read more…

The Central Bank of Iraq amends the regulations of the renewable energy initiative.

The Central Bank of Iraq amends the regulations of the renewable energy initiative.

2025-04-10

The Central Bank of Iraq issued an amendment to the regulations of the Renewable Energy Initiative today, Thursday, in a move aimed at promoting sustainable development and supporting the use of renewable energy. The Central Bank stated in a statement, “Based on the Central Bank of Iraq’s goal of promoting Read more…

Government advisor: The dollar exceeds 40% of Iraq’s foreign currency reserves.

Government advisor: The dollar exceeds 40% of Iraq’s foreign currency reserves.

2025-04-09 03:00

Shafaq News/ The financial advisor to the Iraqi Prime Minister, Mazhar Mohammed Salih, revealed on Wednesday that more than 40% of the country’s foreign currency reserves are in US dollars.

Saleh told Shafaq News Agency, “The US dollar accounts for more than Read more…

Private banks continue to monopolize foreign remittances, without providing any tangible banking services!

Private banks continue to monopolize foreign remittances, without providing any tangible banking services!

2025-04-09

Many economic experts believe that foreign and local banks with foreign management, such as the Jordanian-run National Bank of Iraq, monopolize bank transfers in Iraq and deprive local banks of these services, without providing any tangible banking services to Iraqis. The Iraqi banking system is collapsing because Read more…

Al-Sudani: The government supports all parties to develop the banking sector.

Al-Sudani: The government supports all parties to develop the banking sector.

04/08/2025

Prime Minister Mohammed Shia al-Sudani affirmed on Monday the government’s readiness to support all local and international entities, institutions, and companies to develop the banking sector. He explained that the government has worked to maximize revenues by improving Read more…

The Central Bank of Iraq resolves the controversy surrounding the suspension of dollar supplies to travelers.

The Central Bank of Iraq resolves the controversy surrounding the suspension of dollar supplies to travelers.

2025-04-07

Shafaq News/ The Central Bank of Iraq denied, on Sunday evening, the veracity of circulating news regarding stopping the supply of dollars to travelers at the official exchange rate of 1,320 dinars per dollar .

The bank stated in a statement received by Shafaq News Agency that “the process of supplying travelers with dollars is Read more…

The Central Bank announces reform plans aimed at modernizing the Iraqi banking sector.

The Central Bank announces reform plans aimed at modernizing the Iraqi banking sector.

2025/04/07

The Central Bank of Iraq announced, on Monday, a comprehensive reform project for the private banking sector, while pointing out the details of the reform steps to build a solid, modern, and flexible banking sector.
A statement from the Central Bank, received by Al Furat News, stated that, “With the full support of the government and in cooperation with Oliver Wyman Consulting, the Central Bank of Iraq has unveiled reform plans Read more…

Al-Sudani: The three-year budget laid out a long-term financial plan that contributed to achieving the goals.

Al-Sudani: The three-year budget laid out a long-term financial plan that contributed to achieving the goals.

4-7-2025

Information/Baghdad…
Prime Minister Mohammed Shia al-Sudani affirmed on Monday that the three-year budget sets out a long-term financial plan that has contributed to achieving development goals. He also expressed the government’s readiness to support all local and international entities, institutions, and companies to develop the banking Read more…

The Central Bank of Iraq launches a comprehensive reform project to modernize the private banking sector.

The Central Bank of Iraq launches a comprehensive reform project to modernize the private banking sector.

2025-04-07 01:50

Shafaq News/ The Central Bank of Iraq announced on Monday reform plans aimed at modernizing the Iraqi private banking sector and building a robust, modern, and flexible banking sector that will drive economic growth and enhance financial Read more…

The Central Bank of Iraq sets regulations for the international use of bank cards

The Central Bank of Iraq sets regulations for the international use of bank cards

2025-04-07 02:58

Shafaq News/ The Central Bank of Iraq issued a new circular containing regulations for the use of bank cards (credit, debit, and prepaid) outside Iraq. This circular aims to strengthen oversight of international transactions and ensure the safety of future growth in international settlement payments.

The circular, dated Monday, April 7, 2025, and received by Shafaq News Agency, stated that the new cards will be activated for use outside Iraq 30 days after their Read more…