CBI INFO & IRAQI DINAR NEWS

Parliamentary warning: The rise in the price of the dollar poses three risks at the same time

Parliamentary warning: The rise in the price of the dollar poses three risks at the same time

10-10-2023

Information/private..
Representative Hadi Al-Salami warned on Tuesday of the repercussions of losing control over the exchange rate in the parallel market for the dollar after it exceeded the barrier of 163 dinars per 100 dollars.

Al-Salami told Al-Maalouma: “The rise in the dollar exchange rate to levels Read more…

The Iraqi Central Bank “loses control”… a continuous rise in dollar exchange rates

The Iraqi Central Bank “loses control”… a continuous rise in dollar exchange rates

2023-10-10 06:47

Shafaq News/ The official spokesman for the stock market in Sulaymaniyah, Kurdistan Region, said on Tuesday that the increasing rise in the exchange rate of the dollar against the dinar indicates the Central Bank of Iraq’s lack of control over the work of private banks in the country.

Jabbar Gorran said during a press conference held Read more…

Iraqi Dinar/US Dollar auction results for today 10-9-2023

Iraqi Dinar/US Dollar auction results for today 10-9-2023

Results of the foreign currency selling window, Monday 10/9/2023
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Parliament will ask the Central Governor about the dollar next week… Representative Hussein Arab

Parliament will ask the Central Governor about the dollar next week… Representative Hussein Arab

10-9-2023

Deputy Chairman of the Parliamentary Work Committee, Hussein Arab, said that the money of depositors in banks is now in danger, pointing to a move to hold the Central Bank accountable regarding dollar transfers, while he confirmed that Parliament will direct a parliamentary question to the Central Bank Governor, early Read more…

What happened today in Baghdad banks? Dollar customers will not be patient any longer. They will close their accounts

What happened today in Baghdad banks? Dollar customers will not be patient any longer. They will close their accounts

10-9-2023

For the second day in a row, chaos has prevailed in the branches of government and private banks in Baghdad, with large numbers of customers arriving to withdraw whatever amounts they can deposited in US dollars, amid fears of “banks exploiting depositors’ accounts,” according to a number of customers.

The Central Bank settles dollar deposits: The era of “dollarization” has ended Read more…

Iraqi Dinar/US Dollar auction results for today 10-8-2023

Iraqi Dinar/US Dollar auction results for today 10-8-2023

Results of the foreign currency selling window, Sunday 10/8/2023
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“We have a dollar, but the withdrawal terrified the banks.” An Iraqi banker’s testimony about Sunday’s chaos

“We have a dollar, but the withdrawal terrified the banks.” An Iraqi banker’s testimony about Sunday’s chaos

10-8-2023

An official at a Baghdad bank gave testimony about the chaos that occurred today, after depositors were inundated with requests to withdraw their money in dollars, indicating that foreign currency liquidity is available, but “the intensity of requests terrified bank officials.”

The dollar transfer will not be withdrawn in cash after today.. A financial expert Read more…

Nearly $800 million in sales from the Central Bank of Iraq within a week

Nearly $800 million in sales from the Central Bank of Iraq within a week

2023-10-07 02:34

Shafaq News/ The Central Bank of Iraq’s total sales of hard currency to the US dollar during the past week amounted to more than 775 million dollars.

Shafaq News Agency correspondent stated that the Central Bank sold during the past week Read more…

Economist: The Central Bank of Iraq turned into a “money changer” and broke into the black market

Economist: The Central Bank of Iraq turned into a “money changer” and broke into the black market

2023-10-07 07:33

Shafaq News/ An economic expert revealed, today, Saturday, the reasons for the rise in the dollar exchange rates in Iraqi markets in general and the Sulaymaniyah markets in the Kurdistan Region in particular, while explaining that it is not one of the duties of the Central Bank to sell the dollar against the local currency and that Read more…

The Central Bank of Iraq denies the US Federal Reserve’s refusal to send the country’s oil dues

The Central Bank of Iraq denies the US Federal Reserve’s refusal to send the country’s oil dues

2023-10-07 09:12

Shafaq News/ The Central Bank of Iraq confirmed on Friday that the dollar shipments sent by the US Federal Bank are proceeding according to a specific schedule and timings agreed upon between the two monetary institutions.

He added in a statement received by Shafaq News Agency: Thursday, the shipment was received Read more…

“Foreign” banks and “fake” transfers… Parliament Finance reveals new details about the dollar crisis

“Foreign” banks and “fake” transfers… Parliament Finance reveals new details about the dollar crisis

2023-10-07 04:35

Shafaq News / On Saturday, the Finance Committee in the Iraqi Parliament entered the crisis of the cash dollar scarcity expected in the country at the beginning of the year 2024, after the Central Bank’s decision, while it talked about “foreign” banks controlling the currency Read more…

America rejects Iraq’s request for one billion dollars

America rejects Iraq’s request for one billion dollars

2023-10-06 00:32

Shafaq News/ Washington rejected Iraq’s request to obtain one billion dollars in cash from the Federal Reserve Bank, under the pretext that it conflicts with their efforts to curb Baghdad’s use of the dollar and stop illicit cash Read more…

Iraqi Dinar/US Dollar auction results for today 10-5-2023

Iraqi Dinar/US Dollar auction results for today 10-5-2023

Results of the foreign currency selling window, Thursday 10/5/2023
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The Central Bank confirms the ban on cash withdrawals and transactions in dollars starting in 2024

The Central Bank confirms the ban on cash withdrawals and transactions in dollars starting in 2024

10-5-2023

Information/follow up..
A senior official at the Central Bank of Iraq said on Thursday that the country will ban cash withdrawals and transactions in US dollars as of January 1, 2024, in the latest effort to limit the misuse Read more…

“The dollar is out of control.” What will happen in Iraq’s banks on Sunday?

“The dollar is out of control.” What will happen in Iraq’s banks on Sunday?

10-5-2023

Despite repeated denials and official reassurances, an informed banking source in Baghdad expected that next Sunday will be an “unusual day” in all Iraqi banks, and may witness unprecedented overcrowding and crowding at cash withdrawal windows, after a dramatic statement by a central bank official to Reuters that Withdrawing the dollar in cash will stop as of the beginning of next year, in an effort Read more…

Dozens of banking company owners demonstrate in front of the Central Bank of Iraq

Dozens of banking company owners demonstrate in front of the Central Bank of Iraq

2023-10-05 01:19

Shafaq News / This Thursday morning, dozens of owners of banking companies organized a demonstration in front of the Central Bank of Iraq in the center of the capital, Baghdad, demanding the lifting of the penalties imposed on them for financial transactions Read more…

“Parliamentary Finance” warns of a “dangerous project” between the Iraqi Central Bank and the US Federal Reserve

“Parliamentary Finance” warns of a “dangerous project” between the Iraqi Central Bank and the US Federal Reserve

2023-10-05 04:58

Shafaq News/ On Thursday, a member of the Parliamentary Finance Committee criticized the policy of the Central Bank of Iraq, while pointing out that the Central Bank had lost control of the parallel market. He referred to a project for the Central Bank with the Federal Reserve, which he described as “dangerous.”

Committee member Thamer Dhiban told Shafaq News Agency: “There is no clear Read more…

The Central Bank denies expectations attributed to it indicating that the exchange rate has reached 170 thousand dinars for 100 dollars.

The Central Bank denies expectations attributed to it indicating that the exchange rate has reached 170 thousand dinars for 100 dollars.

2023-10-05

The Central Bank of Iraq clarified on Thursday that citizens’ deposits in Iraqi banks in US dollars are a guaranteed right for the citizen.

The Central Bank said in a statement that “the statements attributed to the Director General of the Department of Investments and Foreign Transfers, Read more…

In Baghdad… chaos in a foreign bank after it refused to hand over citizens’ money in dollars

In Baghdad… chaos in a foreign bank after it refused to hand over citizens’ money in dollars

2023-10-05

Social media pioneers circulated a video clip of a citizen who was extremely upset after a foreign bank in Iraq refused to hand over his money that he had deposited in US dollars.

He delivered the amount equivalent to the Iraqi dinar and according to the official Read more…

Iraqi Dinar/US Dollar auction results for today 10-4-2023

Iraqi Dinar/US Dollar auction results for today 10-4-2023

Results of the foreign currency selling window, Wednesday 10/4/2023
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