CBI INFO & IRAQI DINAR NEWS

Economist accuses political parties of controlling the exchange rate on the black market

Economist accuses political parties of controlling the exchange rate on the black market

7-25-2024

Information / Baghdad…
Today, Thursday, economic expert Diaa Al-Mohsen expected that the dollar exchange rate on the black market would not rise to more than 1,500 dinars, accusing political parties of controlling the sale of the dollar as well as colluding with Read more…

Central Bank of Iraq warns of million dollar bills: worthless souvenirs

Central Bank of Iraq warns of million dollar bills: worthless souvenirs

2024-07-25 03:08

Shafaq News/ The Central Bank of Iraq renewed its warning on Thursday against circulating commemorative notes of one million US dollars that are used to defraud citizens.

The bank confirmed, in a statement received by Shafak News Agency, that the security and regulatory authorities are following up on the people who Read more…

Iraqi Dinar/US Dollar auction results for today 7-24-2024

Iraqi Dinar/US Dollar auction results for today 7-24-2024

Foreign currency sales window results for Wednesday 7/24/2024
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Iraqi banking system.. A significant increase in the number of bank accounts and the volume of deposits for citizens

Iraqi banking system.. A significant increase in the number of bank accounts and the volume of deposits for citizens

2024/07/24

The banking system in Iraq is gradually regaining citizens’ confidence with the increase in the number of bank accounts in the country.

Banking systems around the world are facing increasing challenges in light of rapid economic and financial changes. To ensure the stability of these systems and Read more…

Government advisor points to weak cash credit ratio in Iraqi private banks

Government advisor points to weak cash credit ratio in Iraqi private banks

2024-07-24 04:50

Shafaq News/ The financial advisor to the Iraqi government, Mazhar Muhammad Salih, explained on Wednesday that the ratio of cash credit to total deposits in private banks may approach the standard ratio of 75%, which banks should reach or at least approach.

Saleh added to Shafaq News Agency that deposits are Read more…

Iraqi Dinar Guru opinions 7-23-2024

Iraqi Dinar Guru opinions 7-23-2024

7-23-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY:
My bank guy did say dropping the zeros does not change the value. FRANK: He’s right. Because it’s going to be 1 to 1 with the American dollar. It doesn’t effect it inside. It will effect it outside. No it will not change it. When it floats it will change it. FIREFLY: Poor countries with terrible inflation, they drop [zeros] in order to lop. We are not like that. We drop to add value. It’s all inflation based. Read more…

Iraqi Dinar/US Dollar auction results for today 7-23-2024

Iraqi Dinar/US Dollar auction results for today 7-23-2024

Foreign exchange window results for Tuesday 7/23/2024
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International Development Bank continues to open deposit accounts for citizens

International Development Bank continues to open deposit accounts for citizens

7-23-2024

Information/Baghdad…
The International Development Bank for Investment confirmed, today, Tuesday, that it will continue to open deposit accounts according to customer requirements in terms of the linking period.

The bank’s management stated in a statement received by Al-Maalouma Agency, “These accounts provide financial returns of up to 10% annually and are paid Read more…

Rafidain Bank starts selling dollars to travelers through the electronic reservation form

Rafidain Bank starts selling dollars to travelers through the electronic reservation form

7-23-2024

Information/Baghdad..
A government source revealed, on Tuesday, the mechanism for selling dollars to travelers wishing to travel outside the country.

The source said in an interview with Al-Maalouma Agency, “Rafidain Bank has started selling dollars to travelers by filling out an electronic reservation form and Read more…

The Central Bank approved increasing the capital of the Real Estate Bank to 500 billion dinars

The Central Bank approved increasing the capital of the Real Estate Bank to 500 billion dinars

7-23-2024

Al-Maalouma/Baghdad..
The Finance Committee in the Council of Representatives confirmed, on Tuesday, that the Central Bank approved increasing the capital of the Real Estate Bank to 500 billion dinars to expand the coverage of citizens with housing loans.
A statement by the Media Department of the Council of Representatives, Read more…

24 billion of which went abroad.. More than 26 billion dollars in sales of the Central Bank of Iraq in 6 months

24 billion of which went abroad.. More than 26 billion dollars in sales of the Central Bank of Iraq in 6 months

2024-07-23 02:59

Shafaq News/ The total sales of hard currency in US dollars by the Central Bank of Iraq during the past 6 months, during which the auction was opened, amounted to more than 26 billion dollars.

Shafaq News Agency correspondent stated that the Central Bank Read more…

Iraqi Dinar/US Dollar auction results for today 7-22-2024

Iraqi Dinar/US Dollar auction results for today 7-22-2024

Foreign exchange window results for Monday 7/22/2024
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Iraqi Dinar/US Dollar auction results for today 7-21-2024

Iraqi Dinar/US Dollar auction results for today 7-21-2024

Foreign currency sales window results for Sunday 7/21/2024
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Dollar movement in Iraq.. strange decisions and practices that require contemplation

Dollar movement in Iraq.. strange decisions and practices that require contemplation

7-21-2024

Information / Report
The dollar crisis is considered one of the most intractable crises in Iraq, and this crisis worsened when strange decisions were issued, including restricting the sale of dollars to travelers to certain companies and exchange offices and not others.

This matter prompts the citizen to ask, what is the benefit Read more…

The Central Bank of Iraq imposes financial penalties on banks and exchange companies amounting to 43 billion dinars

The Central Bank of Iraq imposes financial penalties on banks and exchange companies amounting to 43 billion dinars

2024-07-21 02:47

Shafaq News/ The Central Bank of Iraq announced on Sunday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 43 billion Iraqi dinars during the past three months.

A table of the bank, which Shafaq News Agency reviewed, showed that the fines Read more…

Proposed measures to address the rise of the dollar

Proposed measures to address the rise of the dollar

2024-07-20 05:14

The high exchange rate of the dollar against the Iraqi dinar poses a major economic challenge in Iraq, as it leads to a decline in the value of the Iraqi dinar and an increase in prices, which negatively affects citizens’ purchasing power and the stability of the national economy.

To address this situation, a set of proposed solutions and measures Read more…

An economist expects the dollar exchange rate to continue to differ and explains the reason

An economist expects the dollar exchange rate to continue to differ and explains the reason

2024/07/19

An economic expert expected the dollar exchange rate to continue to rise and the difference with the official price to remain.

Salah Nouri told Al Furat News Agency, “The rise in the dollar price continues, and there remains a difference between the official price set by the Central Bank and Read more…

Parliamentary Finance: Iraq adopts a vision to increase its reserves at the Central Bank

Parliamentary Finance: Iraq adopts a vision to increase its reserves at the Central Bank

7-19-2024

Al-Maalouma/ Baghdad…
Member of the Finance Committee, Mudhar Maan, confirmed on Friday that Iraq has increased its balance of what he called safe havens.
Maan said in an interview with Al-Maalouma that “Iraq has adopted a good strategy in diversifying the financial reserves available to it in the Central Bank, especially Read more…

Removing Zeros from the Iraqi Currency: Talk Returns and Possibility of Implementation

Removing Zeros from the Iraqi Currency: Talk Returns and Possibility of Implementation

2024-07-19 05:32

Removing zeros from a currency is a procedure undertaken by some countries in order to revalue the national currency and simplify financial transactions. This is done by removing a specific number of zeros from the nominal value of the currency, making it appear less inflationary and more stable.
For example, if the currency is the “dinar” and its value is equal to Read more…

Iraqi Dinar/US Dollar auction results for today 7-18-2024

Iraqi Dinar/US Dollar auction results for today 7-18-2024

Foreign exchange window results for Thursday 7/18/2024
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