CBI INFO & IRAQI DINAR NEWS

Iraqi Dinar/US Dollar auction results for today 7-30-2024

Iraqi Dinar/US Dollar auction results for today 7-30-2024

Foreign exchange window results for Tuesday 7/30/2024
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Iraqi Dinar/US Dollar auction results for today 7-29-2024

Iraqi Dinar/US Dollar auction results for today 7-29-2024

Foreign exchange window results for Monday 7/29/2024
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Parliamentary Integrity Committee threatens to hold the Governor of the Central Bank of Iraq accountable: Transparency is absent in the dollar auction

Parliamentary Integrity Committee threatens to hold the Governor of the Central Bank of Iraq accountable: Transparency is absent in the dollar auction

2024-07-29 03:55

Shafaq News/ The Parliamentary Integrity Committee accused, on Monday, the Central Bank of Iraq of not being transparent regarding the dollar auction, and not providing data on the destinations where hard currency is spent, stressing that it will hold the bank’s governor, Ali Al-Alaq, accountable.

Committee member Hadi Al-Salami told Shafaq News Agency, “There is a lack of Read more…

Iraqi Dinar/US Dollar auction results for today 7-28-2024

Iraqi Dinar/US Dollar auction results for today 7-28-2024

Foreign currency sales window results for Sunday 7/28/2024
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The US Federal Reserve adopts a new strategy towards Iraq.. The dollar is threatened with rising to unprecedented levels

The US Federal Reserve adopts a new strategy towards Iraq.. The dollar is threatened with rising to unprecedented levels

2024-07-26

Economic researcher Ziad Al-Hashemi revealed new information about the US Federal Reserve’s policy towards Iraq, expecting the dollar to rise against the dinar, which will put great pressure on the Iraqi banking system.

Al-Hashemi told Alsumaria News that “some information from within the corridors of the Central Bank of Iraq indicates that the US Federal Reserve has adopted a Read more…

Iraqi Dinar/US Dollar auction results for today 7-25-2024

Iraqi Dinar/US Dollar auction results for today 7-25-2024

Foreign exchange window results for Thursday 7/25/2024
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“Vigilant Guardian”… Harmonious Supervisory Cooperation to Guarantee Citizens’ Deposits in Iraqi Banks

“Vigilant Guardian”… Harmonious Supervisory Cooperation to Guarantee Citizens’ Deposits in Iraqi Banks

2024/07/25

At the heart of the Iraqi financial system, the harmonious cooperation between the Banking Control Department and the Iraqi Deposit Insurance Corporation (ICDI) is evident as two fundamental pillars in the edifice of financial stability.

Despite the apparent overlap in their duties, a deeper look into the details of their Read more…

Saleh: The Central Bank’s dollar reserves are solid and the GDP rate is very optimistic

Saleh: The Central Bank’s dollar reserves are solid and the GDP rate is very optimistic

2024/07/25

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed the cohesion of foreign reserves, especially the dollar, at the Central Bank of Iraq.

Saleh told Al Furat News Agency, “Covering urgent expenses in dollars, as they represent the desired demand for foreign currency, in addition to the level of sufficiency of incoming foreign currency flows Read more…

Parliamentary Finance Committee reveals a legal violation concerning the Central Bank Governor.. What about the dollar?

Parliamentary Finance Committee reveals a legal violation concerning the Central Bank Governor.. What about the dollar?

2024-07-25

Alsumaria News – Politics
The Parliamentary Finance Committee confirmed, today, Thursday, July 25, 2024, that the procedures of the Central Bank of Iraq to change the exchange rate of the dollar in the local Iraqi markets did not reap any effect and did not achieve any real actual result, revealing a legal violation concerning the Governor of the Central Read more…

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…