CBI INFO & IRAQI DINAR NEWS

Economic Analysis: The Impact of Declining Private Sector Deposits on the Iraqi Banking System

Economic Analysis: The Impact of Declining Private Sector Deposits on the Iraqi Banking System

9-18-2024

Researcher Shaza Khalil*
An unofficial Iraqi financial report revealed a significant decline in the acquisition of private sector deposits by 12 local banks, compared to a significant increase in the share of banks that have banking relationships with American financial institutions. This shift is considered a significant turning point in the Iraqi financial landscape, Read more…

Iraqi Dinar/US Dollar auction results for today 9-17-2024

Iraqi Dinar/US Dollar auction results for today 9-17-2024

Foreign exchange window results for Tuesday 9/17/2024
Advertisement No. (5204 ) Read more…

Giving them positions to smuggle dollars.. Arabs and foreigners manipulate the Iraqi economy and invade private sector companies

Giving them positions to smuggle dollars.. Arabs and foreigners manipulate the Iraqi economy and invade private sector companies

2024-09-17

Alsumaria News –
Local In recent years, Iraq has witnessed a major transformation in its economic landscape, as Iraqi companies have become a target for foreign investments by Arab and foreign parties.
This economic invasion is evident in the increasing acquisition and ownership operations by Read more…

Iraqi banks.. A classical mentality that prevents keeping pace with global development by preferring “government” over “private”

Iraqi banks.. A classical mentality that prevents keeping pace with global development by preferring “government” over “private”

2024-09-17 02:44

Shafaq News/ Iraq is moving towards restructuring government banks, after this apparatus became unable to provide modern banking services, and it became burdened with a deep legacy of accumulated burdens, credit defaults, and other problems.

The demands for restructuring came after years of pressure and demands from the International Monetary Fund to restructure Read more…

Iraqi Dinar/US Dollar auction results for today 9-16-2024

Iraqi Dinar/US Dollar auction results for today 9-16-2024

Foreign exchange window results for Monday 9/16/2024
Advertisement No. (5203 ) Read more…

Iraqi exports decline by 15.7% in the first quarter of this year

Iraqi exports decline by 15.7% in the first quarter of this year

2024-09-16 03:37

Shafaq News/ The Central Bank of Iraq announced, on Monday, that Iraqi exports declined by 15.7% during the first quarter of this year.

The bank said in a report received by Shafaq News Agency, “Iraq’s commodity exports declined by Read more…

Economist: The free mass is estimated at 70 trillion dinars and can be invested electronically

Economist: The free mass is estimated at 70 trillion dinars and can be invested electronically

9-15-2024

Information/Baghdad…
Economic expert Dr. Safwan Qusay confirmed today, Sunday, the existence of about 70 trillion dinars of free money supply, pointing out the possibility of investing it through the transition to the electronic system in financial transactions.

Qusay told Al-Maalouma, “Focusing on investing in financial inclusion is accompanied by many benefits, the most prominent of which is withdrawing the free cash flow outside the banking system, which is estimated at about Read more…

Al-Alaq: The number of digital banks in Iraq will be greater than neighboring countries

Al-Alaq: The number of digital banks in Iraq will be greater than neighboring countries

2024-09-14 00:46

Shafaq News/ The Governor of the Central Bank of Iraq expected, on Saturday, that the number of digital banks in the country would increase and be larger than in neighboring countries.

This came during his hosting of the activities of the Electronic Payment Conference Read more…

Central Bank: Electronic payment systems have contributed to enhancing Iraq’s compliance with anti-money laundering

Central Bank: Electronic payment systems have contributed to enhancing Iraq’s compliance with anti-money laundering

2024-09-14 02:46

Shafaq News/ The Governor of the Central Bank of Iraq, Ali Al-Alaq, considered, on Saturday, that the use of electronic payment systems and technologies used in the banking sector contributed to enhancing compliance in combating Read more…

Iraqi Dinar/US Dollar auction results for today 9-12-2024

Iraqi Dinar/US Dollar auction results for today 9-12-2024

Foreign exchange window results for Thursday 9/12/2024
Advertisement No. (5202 ) Read more…

Iraqi Dinar/US Dollar auction results for today 9-11-2024

Iraqi Dinar/US Dollar auction results for today 9-11-2024

Foreign currency sales window results for Wednesday 9/11/2024
Advertisement No. (5201 ) Read more…

Winners and losers from the fluctuation of the dollar exchange rate against the dinar in Iraq

Winners and losers from the fluctuation of the dollar exchange rate against the dinar in Iraq

2024-09-11

Alsumaria News – Economy
Despite the long period of time since the start of the electronic platform to monitor the movement of the dollar, the exchange rates of the dinar against the US currency still experience a large disparity between the official price announced by the Central Bank, which Read more…

Iraqi Dinar/US Dollar auction results for today 9-10-2024

Iraqi Dinar/US Dollar auction results for today 9-10-2024

Foreign exchange window results for Tuesday 9/10/2024
Advertisement No. (5200 ) Read more…

Iraqi Dinar/US Dollar auction results for for today 9-9-2024

Iraqi Dinar/US Dollar auction results for for today 9-9-2024

Foreign exchange window results for Monday 9/9/2024
Advertisement No. (5199 ) Read more…

Citizen and exchange rate

Citizen and exchange rate

09/09/2024

In economics, the external value of a currency lies in the presence of a balance or surplus in the current account of the balance of payments relative to the gross domestic product, which should indicate a stable state at a minimum, not less than 4 percent annually. To achieve this goal, it is necessary to rely on a sustainable increase in the annual growth rate of the gross domestic product, provided that Read more…

Iraqi Dinar/US Dollar auction results for today 9-8-2024

Foreign currency sales window results for Sunday 9/8/2024
Advertisement No. (5198 ) Read more…

Economist: Ban on Iraqi banks may be lifted within six months

Economist: Ban on Iraqi banks may be lifted within six months

9-8-2024

Information/Special..
Economic expert Ahmed Abdul Rabbo revealed today, Sunday, that Oliver Wyman has conducted a comprehensive review of the conditions of Iraqi banks, and its report may be issued after six months.

Abdul Rabbo said in a special statement to Al-Maalouma Agency, “The decisions of this company regarding the sanctioned banks will be binding on the Central Bank Read more…

Bad news for employees in Iraq.. A salary crisis is looming

Bad news for employees in Iraq.. A salary crisis is looming

2024-09-07 01:03

Shafaq News/ Iraqi economic expert, Nabil Al-Marsoumi, confirmed on Saturday that the drop in the price of a barrel of Iraqi oil to $70 will lead to major negative effects on the national economy.

Al-Marsoumi said, in an interview with Shafaq News Agency, that the decline Read more…

Iraqi Dinar/US Dollar auction results for today 9-5-2024

Iraqi Dinar/US Dollar auction results for today 9-5-2024

Foreign exchange window results for Thursday 9/5/2024
Advertisement No. (5197 ) Read more…

Parliamentary moves to “withdraw the hand” of the Central Bank Governor

Parliamentary moves to “withdraw the hand” of the Central Bank Governor

2024-09-05

Alsumaria News
The Parliamentary Finance Committee confirmed, today, Thursday, the existence of a parliamentary move to withdraw the hand of the Governor of the Central Bank, while specifying the main reason behind that.
Finance Committee member Mohammed Nouri told Read more…