Central Bank of Iraq

CBI announced conditions of Illegal & Counterfeit Banknotes

The Central Bank of Iraq has set the conditions on non-negotiable banknotes restored after being deposited in the CBI. The Iraqi Central Bank issued a statement on Monday that the banknotes ...
Reserves at CBI

Reserves at the Central Bank of Iraq reached over $50 Billion

The Iraqi Central Bank has announced that the reserves at CBI have exceeded over 50 billion U.S dollars. The Governor of CBI Ali Al-Aalak issued a press statement that the cash reserves ...
System of Deposits Adopted by CBI will Boost up Iraqi Economy: Experts

System of Deposits Adopted by CBI will Boost up Iraqi Economy: Experts

The Iraqi Central Bank addressed the system of guarantee in the issuance of bank deposits. The bank issued a practice license as a guarantee for a joint stock company and the company ...
Central Bank of Iraq issued a New Circular for Private Banks

Central Bank of Iraq issued a New Circular for Private Banks

The Iraqi Central Bank issued a report and indicated that some commercial banks Iraq don’t have sufficient investment. The report pointed out that some letters of guarantee have shown ...
Up to $1 Million Differences Found in the CBI Currency Auction: Integrity Commission

Up to $1 Million Differences Found in the CBI Currency Auction: Integrity Commission

The Iraqi Parliamentary Integrity Commission issued huge differences in the sale of currency. Sumer News indicated that approximately 1 million U.S dollars to sell every 10 million ...
The CBI Governor Issued a Statement about Iraqi Dinar Currency

The CBI Governor Issued a Statement about Iraqi Dinar Currency

The Governor of the Iraqi Central Bank issued a statement that floating of the Iraqi dinar currency is very hard to implement as the monopoly of Iraqi government regarding the distribution ...
Dealing in Bitcoin Currency will be Considered Money Laundering Crime: CBI

Dealing in Bitcoin Currency will be Considered Money Laundering Crime: CBI

The Iraqi Central Bank issued a statement that the CBI doesn’t deal with the Bitcoin currency. The Bank also warned that currency dealers will be subjected to the cramping of the ...
CBI Ordered all Iraqi Banks to Close their Branches in Kurdish Region: Reuters

CBI Ordered all Iraqi Banks to Close their Branches in Kurdish Region: Reuters

On Thursday, the Reuters news agency reported that the Iraqi Central Bank has advised all banks to close their entire branches in the Kurdistan region. The agency quoted unnamed banking ...
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