Browsed by
Tag: US Dollar

At least $330 Million Promised by International Organizations for Iraq

At least $330 Million Promised by International Organizations for Iraq

On Monday, a large number of International relief associations, International non-governmental organizations, public benefit societies, and Kuwaiti relief societies engaged in making deposit guarantees amounted at 330.130 million U.S dollars for reconstruction and development programs in Iraq. The KUNA (Kuwait News Agency) attended guarantee session took place on the sidelines of a conference of non-governmental organization, in order to support the humanitarian efforts in Iraq. The session was conducted in presence of the Deputy Prime Minister and Foreign Minister of…

Read More Read More

National Bonds worth 802 Billion IQD Sold by CBI

National Bonds worth 802 Billion IQD Sold by CBI

The Central Bank of Iraq has announced that the sales of National Bonds have been reached at more than 802 billion Iraqi dinars and this amount was recorded in the beginning of April 2017. The CBI said in a statement that total sales amount of National Bonds have been recorded at more than 802 billion and 150 million Iraqi dinars. The National Bonds launched on the behalf of Iraqi Finance Ministry for limited terms at the start of April 2017….

Read More Read More

Main Objectives Announced by the CBI to Fix U.S Dollar Price

Main Objectives Announced by the CBI to Fix U.S Dollar Price

On Tuesday, the Iraqi Central Bank has confirmed that its major objective is to maintain a stable and meaningful price of the U.S dollar. The CBI also pointed out that growing political and security risks generated a higher demand for the U.S dollar. The Iraqi dinar currency has confirmed that sale window is not an alternative at the current stage. The director general of financial operations at CBI, Mehmood Muhammad said that window for selling U.S dollars has 2 sides,…

Read More Read More

Al-Abadi will Discuss Trump to get $ 10 billion for Liberated Areas in Iraq

Al-Abadi will Discuss Trump to get $ 10 billion for Liberated Areas in Iraq

On Tuesday, MP in the Iraqi Parliament Jassem Al-Bayati said that visit of the Iraqi Prime Minister Haider Al-Abadi to Washington has its own importance. The Iraqi Prime Minister carried various important files including the major task of confirming the American support in order to put a significant amount of pressure on European countries to collect 10 billion U.S dollars for the reconstruction in the Iraqi liberated areas. He said in a statement that we are hopeful that visit of…

Read More Read More

We will Increase Iraqi Dinar Exchange Rate against U.S Dollar: CBI

We will Increase Iraqi Dinar Exchange Rate against U.S Dollar: CBI

The official of the Iraqi finance ministry issued a statement that Iraqi Central Bank is working hard to stabilize and raise the exchange rate of Iraqi dinar against the U.S dollar in Iraqi local currency markets in the future. It would take place in cooperation with the Iraqi government and Iraqi private banks. The governing body member of CBI, Majid said that Iraqi Central Bank had set Iraqi dinar exchange rate at 1200 Iraqi dinars per U.S dollar and now…

Read More Read More

Were $312 Billion Looted in Past Years & Pushed Iraq into Economic Crisis?

Were $312 Billion Looted in Past Years & Pushed Iraq into Economic Crisis?

Iraqi economy has been experiencing a number of challenges and considered massive economic & financial crisis in the Iraqi history. Past two years were worst due to low revenues and continuous decline in the global oil prices. An extraordinary amount of expenses for maintaining security also increased financial & economic crisis in the country. Iraqi economy depends entirely on the oil revenues and covers at least 90 percent for Iraqi imports, which created a significant increase in the economic &…

Read More Read More

The Reserves at CBI Showed a Rise of $10 Billion: CBI Governor

The Reserves at CBI Showed a Rise of $10 Billion: CBI Governor

On Tuesday, the Central Bank of Iraq has been experiencing a continuous decline in its reserves, so CB has reduced sale of the U.S dollars at its daily sales auction of foreign currency. It seems a natural process due to lower selling price. The CBI stressed that this decline was essential and this strategy has its own importance in the social and economic process. The Iraqi Central Bank pointed out that CBI has handsome amount of reserves and these reserves…

Read More Read More

Iraq Will Get 10 Billion Pounds Loan from United Kingdom: Planning Ministry

Iraq Will Get 10 Billion Pounds Loan from United Kingdom: Planning Ministry

The Iraqi Planning Minister Salman Al-Jumaili issued a statement and indicated the negotiations will be started very soon with Britain about the issuance of 10 billion pounds (at least 13 billion U.S dollars) loan to Iraq. The Ministry of Planning issued a statement that Iraqi Planning Minister received a delegation for trade from British Prime Minister in his Baghdad office. The British delegation headed by the director of the British Council of Iraqi businessman Baroness Emma Nicholson including a group…

Read More Read More