CBI INFO & IRAQI DINAR NEWS

Iraqi Parliament: People in the Ministry of Electricity Obstructing Solar Energy Project

Iraqi Parliament: People in the Ministry of Electricity Obstructing Solar Energy Project

2025-01-29 00:31

Shafaq News/ The head of the Electricity and Energy Committee in the Iraqi parliament accused, on Wednesday, unnamed government employees of “obstructing” the implementation of the solar energy project launched by the Central Bank.

Mohammed Abdul Rabbah told Shafaq News Agency that there is a project called the “Central Bank Initiative” that aims to grant loans to Read more…

Foreign currency sale results for Tuesday 1/28/2025

Foreign currency sale results for Tuesday 1/28/2025

Foreign currency sale results for Tuesday 1/28/2025

the details Read more…

Foreign currency sale results for Monday 1/27/2025

Foreign currency sale results for Monday 1/27/2025

Foreign currency sale results for Monday 1/27/2025

the details Read more…

Iraq boosts financial stability with huge dollar and gold reserves in US, Europe

Iraq boosts financial stability with huge dollar and gold reserves in US, Europe

2025-01-27 01:04

Shafaq News/ A country that has huge reserves of hard currency is considered an economically stable country that can intervene at any time to address imbalances in the balance of payments structure. It also provides an important element in establishing the country’s creditworthiness, enhances the country’s credit rating in international transactions, and provides Read more…

Governor of the Central Bank of Iraq meets an official delegation from the United States

Governor of the Central Bank of Iraq meets an official delegation from the United States

January 26, 2025

Governor of the Central Bank of Iraq meets an official delegation from the United States
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Mr. Steve Lutes, Vice President of the US Chamber of Commerce and Chairman of the US-Iraq Business Council, and his accompanying delegation in Baghdad.
During the meeting, they discussed banking and economic Read more…

Soon.. A delegation from the Central Bank of Iraq will visit Washington

Soon.. A delegation from the Central Bank of Iraq will visit Washington

1-26-2025

The Central Bank of Iraq revealed, today, Sunday, an expected visit by a delegation to Washington next April.

According to a statement issued by the bank Read more…

Nineveh calls for lifting the ban imposed on it regarding dealing in dollars

Nineveh calls for lifting the ban imposed on it regarding dealing in dollars

2025-01-26 04:30

Shafaq News/ The local government in Nineveh called on the Central Bank of Iraq on Sunday to lift the ban imposed on the province regarding dealing in dollars in money transfers and obtaining its share of the US currency.

Nineveh Provincial Council member, Mohammed Ahris, told Shafaq News Agency, “The ban imposed on financial activities Read more…

Central Bank of Iraq announces support for US investment opportunities

Central Bank of Iraq announces support for US investment opportunities

2025-01-26 03:33

Shafaq News/ The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received on Sunday an official delegation from the United States headed by Steve Lutes, Vice President of the American Chamber of Commerce and President of the US-Iraq Business Council, in the capital, Baghdad.

A statement issued by the bank’s media, received by Shafaq News Agency, stated that the meeting discussed strengthening banking and economic relations Read more…

More than a billion dollars in sales from the Central Bank of Iraq during the week

More than a billion dollars in sales from the Central Bank of Iraq during the week

2025-01-25 04:43

Shafaq News/ The total sales of hard currency in US dollars by the Central Bank of Iraq, which opened the auction last 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 5 days in which the auction was opened, Read more…

100 million real estate decision puts the Central Bank Governor before the Iraqi Parliament

100 million real estate decision puts the Central Bank Governor before the Iraqi Parliament

2025-01-25 06:25

Shafaq News/ The Coordination Framework MP, Ibtisam Al-Hilali, revealed on Saturday that there is a move to host the Governor of the Central Bank, Ali Al-Alaq, in the House of Representatives, against the backdrop of the latter’s decision to set 100 million dinars as a minimum for Read more…

An economist shows the monthly government spending and its impact on the rise of the dollar

An economist shows the monthly government spending and its impact on the rise of the dollar

2025-01-25

Economic expert Munar Al-Obaidi revealed Friday: “The average monthly spending of the Iraqi government in 2024 amounted to about 12 trillion dinars,” noting that: “Adding the loans and advances obtained by government agencies and ministries, which are estimated at about 2 trillion dinars per month, raises the total government spending to 14 trillion dinars Read more…

Central Bank of Iraq sales expected to rise to nearly $500 million per day

Central Bank of Iraq sales expected to rise to nearly $500 million per day

2025-01-24

Shafaq News/ The “Iraq Al-Mustaqbal” Foundation for Economic Studies and Consultations expected, on Friday, that the daily sales of the Central Bank would reach nearly 500 million dollars in light of the increase in the size of government spending.

The head of the institution, Munar Al-Obaidi, said in a report published today Read more…

Foreign currency sale results for Thursday 1/23/2025

Foreign currency sale results for Thursday 1/23/2025

Foreign currency sale results for Thursday 1/23/2025

the details Read more…

3415 personnel trained to combat money laundering

3415 personnel trained to combat money laundering

1-23-2025

Information/Baghdad…
The Central Bank of Iraq announced the training of (3415) personnel within the measures to combat money laundering and terrorist financing.

The representative of the Anti-Money Laundering and Combating the Financing of Terrorism Office at the Central Bank, Hussein Al-Maqram, stated Read more…

Parliamentary Finance Committee hosts Al-Alaq: We reject the mechanism of selling real estate through banks

Parliamentary Finance Committee hosts Al-Alaq: We reject the mechanism of selling real estate through banks

2025-01-23 03:38

Shafaq News/ Member of the Parliamentary Finance Committee, Mahasen Hamdoun, announced on Thursday that she will host the Governor of the Central Bank of Iraq, Mohsen Al-Alaq, to ​​discuss the decision to buy and sell real estate through banks.

Hamdoun told Shafak News Agency that the committee will host the governor Read more…

“Wide criticism of the Central Bank’s reforms: The impact of the gap between official and parallel prices on the Iraqi economy”

“Wide criticism of the Central Bank’s reforms: The impact of the gap between official and parallel prices on the Iraqi economy”

1-23-2025

Researcher Shaza Khalil*
In recent years, Iraq has witnessed major changes in its currency management system, mainly centered around the introduction of a new platform by the Central Bank to regulate the sale of the US dollar. However, despite these reforms, experts have expressed concerns about the effectiveness of these changes, especially Read more…

Iraqi Dinar Guru opinions 1-22-2025

Iraqi Dinar Guru opinions 1-22-2025

1-22-2025 Newshound/Intel Guru Mnt Goat Article: “IRAQ ISSUES NEW BANKNOTES WITH INNOVATIVE SECURITY FEATURES FOR THE VISUALLY IMPAIRED…PHOTOS” These new versions of the three zero notes should not worry you…I will emphasize once again the CBI has told us many times in the past that these three zero notes are not going away for sometime even after the Project to Delete the Three Zeros is completed…Iraq will eventually be using dinar widely to pay for imports. Where are they going to get all this cash to pay for very large sums/costs of imported goods? As time passes much of these transactions will be electronic, but not yet. …The banks would still need the larger three zero notes. Read more…

Foreign currency sale results for Wednesday 1/22/2025

Foreign currency sale results for Wednesday 1/22/2025

Foreign currency sale results for Wednesday 1/22/2025

the details Read more…

Foreign dominance.. Iraqi banks retreat before Jordanian and Gulf influence

Foreign dominance.. Iraqi banks retreat before Jordanian and Gulf influence

1-22-2025

Information/Report..
In recent years, the role of Jordanian and Gulf banks has become prominent in Iraq, especially in the field of money transfers. Benefiting from wrong agreements, these banks were able to acquire the largest share of money transfer operations, becoming the main player in the dollar market.

Economists believe that this dominance has negative effects on the Iraqi economy, Read more…

MP: America imposed control of Arab banks over financial transfers to Iraq

MP: America imposed control of Arab banks over financial transfers to Iraq

1-22-2025

Information/Special..
Former MP Fawzi Akram Tarzi confirmed today, Wednesday, that Washington is imposing control over Arab and foreign banks over financial transfers in Iraq and the movement of the dollar in it in order to achieve Read more…