CBI INFO & IRAQI DINAR NEWS

“Stop the dollar chaos.” A central bank official reveals a “surprise” about the arrest of traders

“Stop the dollar chaos.” A central bank official reveals a “surprise” about the arrest of traders

11-29-2023

An official in the Central Bank of Iraq made a surprise about the arrests of dollar exchange traders and the closure of banking companies, and said that they were taking place “in contravention of instructions and controls and were not taking place in the presence of a representative of the bank.” While he described what is happening now on the stock exchange as “chaos,” he said that there is no longer any Read more…

The Iraqi Central Bank announces a decrease in the inflation rate in August 2023

The Iraqi Central Bank announces a decrease in the inflation rate in August 2023

11/29/2023

The Central Bank of Iraq announced today, Wednesday, that the inflation rate in the country witnessed a noticeable decline during the month of August 2023, reaching about 3.7%, in light of the worsening problem of inflation in many Arab and Read more…

Al-Kadhimi: The US Federal Reserve’s promises to the Central Bank of Iraq regarding the dollar are without result

Al-Kadhimi: The US Federal Reserve’s promises to the Central Bank of Iraq regarding the dollar are without result

2023-11-29 01:57

Shafaq News/ On Wednesday, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, accused the US Federal Bank of evading answering the Central Bank of Iraq’s inquiries regarding foreign transfers and the dollar, after news emerged that new meetings would soon be held Read more…

Iraqi Dinar/US Dollar auction results for today 11-28-2023

Iraqi Dinar/US Dollar auction results for today 11-28-2023

Results of the foreign currency selling window, Tuesday 11/28/2023
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The continuation of “insults to the dollar” will force us to undertake a mass migration. Representative of the Association of Exchange Companies

The continuation of “insults to the dollar” will force us to undertake a mass migration. Representative of the Association of Exchange Companies

11-28-2023

The representative of the Association of Exchange Companies, Dhia Al-Taie, said that the lack of coordination between the security forces and the Central Bank, and the continued exposure of companies to “repeated insults” will lead to a mass exodus of capital from Iraq, stressing that the work of these companies is still Read more…

Sudanese Financial Advisor: The informal exchange market represents only 10% of trading volume

Sudanese Financial Advisor: The informal exchange market represents only 10% of trading volume

28/11/2023

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the economic policy in Iraq seeks to implement the principle of monetary sovereignty, while stressing that the Iraqi dinar constitutes the only resort for exchange and pricing within the country, noting that Read more…

The Iraqi Central Bank diagnoses the “basic” problem with the crisis of the dollar’s ​​rise

The Iraqi Central Bank diagnoses the “basic” problem with the crisis of the dollar’s ​​rise

11-28-2023

Information/Baghdad…
On Tuesday, member of the Board of Directors of the Central Bank, Ahmed Brehi, denied that the Central Bank had a problem with its balance of foreign currency or revenues, pointing out that raising the issue of a shortage of cash liquidity is fabricated due to ignorance Read more…

Iraqi Dinar/US Dollar auction results for today 11-27-2023

Iraqi Dinar/US Dollar auction results for today 11-27-2023

Results of the foreign currency selling window, Monday 11/27/2023
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Settlements in dollars are prohibited, and electronic payment will raise the dinar – Sudanese advisor

Settlements in dollars are prohibited, and electronic payment will raise the dinar – Sudanese advisor

11-27-2023

Mazhar Muhammad Saleh, advisor to the Prime Minister for Economic and Financial Affairs, said on Monday that the electronic payment system will preserve the monetary supply of the dinar and raise its value against the dollar, while noting that internal settlements in dollars are prohibited.

The cash payments system Read more…

Central Bank: US Treasury restrictions are still imposed on Iraqi banks

Central Bank: US Treasury restrictions are still imposed on Iraqi banks

11-27-2023

Information/Baghdad..
On Monday, member of the Board of Directors of the Central Bank, Ahmed Barihi, confirmed the continuation of restrictions imposed on Iraqi banks imposed by the US Treasury for political reasons.

Brehi said in a statement to “Al-Ma’louma” that “the measures of the Central Bank of Iraq and the Ministry of Finance have Read more…

Sudanese Advisor: Dollar problems will be solved through electronic transactions

Sudanese Advisor: Dollar problems will be solved through electronic transactions

PM:02:23:27/11/2023

The Prime Minister’s Advisor for Economic Affairs, Mazhar Muhammad Saleh, confirmed today, Monday, that financial problems, including the dollar, will be solved through electronic transactions starting next year.

Saleh told NRT, “The automation of financial transactions is a reason for the Read more…

Al-Alaq denies the existence of a scarcity of dinar stocks

Al-Alaq denies the existence of a scarcity of dinar stocks

PM:02:40:11/27/2023

Today, Monday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, denied the existence of a scarcity in the stock of the Iraqi dinar, and while determining the size of the dinar’s monetary mass and those in circulation, he revealed a broad strategic plan to expand the transition Read more…

Al-Sudani chairs a special meeting to develop Rafidain Bank within a comprehensive reform plan for the banking sector

Al-Sudani chairs a special meeting to develop Rafidain Bank within a comprehensive reform plan for the banking sector

2023-11-27

On Monday morning, Prime Minister Muhammad Shiaa Al-Sudani chaired a meeting that included representatives of the international company Ernst & Young, which specializes in auditing and financial consulting, in the presence of the Minister of Finance, the Governor of the Central Bank, the Director General of Read more…

Iraqi Dinar/US Dollar auction results for today 11-26-2023

Iraqi Dinar/US Dollar auction results for today 11-26-2023

Results of the foreign currency selling window, Sunday 11/26/2023
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An Iraqi delegation will head to Türkiye tomorrow to discuss the possibility of opening correspondent accounts for Iraqi banks

An Iraqi delegation will head to Turkey tomorrow to discuss the possibility of opening correspondent accounts for Iraqi banks

2023-11-26 08:32

Shafaq News/ A government source said on Sunday that a Malian delegation will head to Ankara tomorrow, Monday, to discuss organizing trade exchange between Iraq and Turkey and stabilizing it through approved legal and banking methods and means, indicating that the discussions that the Iraqi delegation will engage in Read more…

Economists criticize the Central Bank’s policy and determine the level at which the dollar will stabilize

Economists criticize the Central Bank’s policy and determine the level at which the dollar will stabilize

11-26-2023

On Saturday, economic experts criticized the financial policy of the Central Bank of Iraq, and while they expected the level at which the dollar would stabilize, their opinions differed about repeating the Lebanese scenario in the country.

The professor of public law, Safaa Al-Shammari, said in the program “The Eighth with Ahmed Al-Tayeb”, followed by “ Jarida ”, that “there is clear confusion Read more…

The National Bank of Iraq enjoys international ratings that enhance investment

The National Bank of Iraq enjoys international ratings that enhance investment

2023-11-26 22:00

Shafaq News/ The National Bank of Iraq stated, on Sunday, that the “positive” credit rating it obtained from the international credit rating agencies, Moody’s and Capital Intelligence, reflected the bank’s “strong financial position and creditworthiness,” which contributed to increasing customers’ Read more…

More than a billion dollars in sales from the Iraqi Central Bank within a week

More than a billion dollars in sales from the Iraqi Central Bank within a week

2023-11-25 02:23

Shafaq News/ The Central Bank of Iraq’s total sales of hard currency to the US dollar during the past week amounted to more than one billion dollars.

Shafaq News Agency correspondent stated that the Central Bank sold during the past week and for the five days in which the auction was opened, one billion and Read more…

Parliamentary Finance: The Central Bank has come a long way in its mission to get rid of the dominance of the dollar

Parliamentary Finance: The Central Bank has come a long way in its mission to get rid of the dominance of the dollar

11-24-2023

Information/Baghdad..
The head of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed today, Friday, that the Central Bank has come a long way in the mission of restoring market stability and getting rid of the dominance of the dollar.

Al-Atwani said in an interview followed by “Al-Ma’louma” that “diversifying the sources of foreign currency dependence Read more…

Al-Alaq: Our communication continues with the US Federal Reserve and the US Treasury

Al-Alaq: Our communication continues with the US Federal Reserve and the US Treasury

11-24-2023

The Governor of the Central Bank, Ali Al-Alaq, confirmed the continuation of communication between the Central Bank of Iraq, the US Treasury, and the US Federal Bank, indicating that the beginning of next month will witness a new Read more…