CBI INFO & IRAQI DINAR NEWS

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…

Iraq’s foreign reserves rise to a record high

Iraq’s foreign reserves rise to a record high

04/02/2025

The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that foreign reserves are at their highest historical levels, helping to achieve economic balance and stability for the country. He also indicated that reserves still cover more than 100% of the currency in circulation.
Saleh said in a press statement: Read more…

The Central Bank announces new plans to expand the “Asraflak” campaign over the next two months.

The Central Bank announces new plans to expand the “Asraflak” campaign over the next two months.

2025/03/27

The Central Bank announced today, Thursday, new plans to expand the “Spend It” campaign over the next two months, while explaining the most important outcomes the campaign is working towards.
Hussein Abdul Amir, Director of the Financial Inclusion Department at the Central Bank, said in a press statement, “We are communicating with officials regarding the ‘Asreflak’ campaign, which aims to promote financial literacy among the public Read more…

Financial expert: Iraq’s budget deficit is due to bond issuance

Financial expert: Iraq’s budget deficit is due to bond issuance

2025-03-25 00:01

Shafaq News/ Financial expert and former director general of the Central Bank of Iraq, Mahmoud Dagher, attributed the country’s budget deficit on Tuesday to the Iraqi Ministry of Finance issuing large bonds.

Dagher told Shafaq News Agency, “The budget deficit is behind the Ministry of Finance’s efforts to issue bonds worth 3 trillion dinars Read more…

Iraq’s foreign exchange reserves cover 18 months of imports.

Iraq’s foreign exchange reserves cover 18 months of imports.

2025-03-22 00:06

Shafaq News/ The Central Bank of Iraq revealed on Saturday that foreign currency reserves cover a year and a half of imports during the third quarter of 2024.

The bank said in a report on “monetary stability,” Read more…

The Central Bank of Iraq lists the reasons for the decline in foreign exchange reserves.

The Central Bank of Iraq lists the reasons for the decline in foreign exchange reserves.

2025-03-19 02:29

Shafaq News/ The Central Bank of Iraq announced on Wednesday a decline in its foreign exchange reserves during the third quarter of 2024, explaining the reasons behind this decline.

The bank stated in a report Read more…

Erbil hands Baghdad 48 billion dinars in non-oil revenues

Erbil hands Baghdad 48 billion dinars in non-oil revenues

2025-03-17 04:26

Shafaq News/ The Ministry of Finance and Economy in the Kurdistan Regional Government announced on Monday that the federal treasury’s share of non-oil revenues for February had been transferred to Baghdad.

According to a statement from the ministry, Read more…

A government delegation discusses with the International Monetary Fund ways to strengthen the Iraqi dinar.

A government delegation discusses with the International Monetary Fund ways to strengthen the Iraqi dinar.

2025-03-14 | 06:34

SumerianNews – Economy
The Iraqi delegation concluded its meetings with fund International Monetary Fund, with the participation of Finance Minister Taif Sami and the Governor Central Bank of Iraq Ali Al-Alaq in Amman

And she mentioned Ministry of Finance In a statement received Read more…