Aug 29, 2024 · By a Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraqi Dinar Revaluation Scam: An Examination of False Hope and Financial Deception Introduction The notion that the Iraqi Dinar (IQD) will appreciate in value by an unprecedented multiple has circulated in

Mar 14, 2024 · By John Lee. On Thursday, Iraq's Finance Committee, chaired by Atwan Al-Atwani, convened with its members and the Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, to discuss monetary policy, the banking system, and methods to increase the value of the Iraqi dinar.. Al-Atwani stressed the importance of monitoring the economic file and monetary policy based on oversight principles.

Dec 21, 2024 · By a Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.. Anecdotal evidence, including inquiries to Iraq Business News, seems to suggest that supporters of US President-elect Donald Trump are more likely to believe that the Iraqi currency, the Dinar (IQD), will increase in value by an unprecedented multiple, some ...

Dec 21, 2024 · By John Lee. The Iraqi Ministry of Electricity has announced a plan to enhance Baghdad's power grid ahead of summer 2025, including the installation of 74 new substations and the rehabilitation of 900 distribution feeders (33/11 kV). The initiative aims to address growing electricity demand and reduce outages. During a meeting with Baghdad Provincial Council

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Sep 30, 2024 · By John Lee. The Central Bank of Iraq (CBI) has identified irregularities in the operations of several exchange companies regarding the sale of U.S. dollars allocated to travellers.. A recent audit and monitoring of company practices revealed that some exchange firms have been charging citizens a commission of 50,000 dinars for purchasing dollars, double the amount stipulated by official ...

Dec 19, 2024 · By John Lee. The Central Bank of Iraq (CBI) announced an expansion of foreign currency transfer options for local banks, adding the Jordanian Dinar and Saudi Riyal to the list. Iraqi banks are now also permitted to fund trade with Turkey in Euros, previously restricted to transactions with EU countries. These currencies join the existing

Feb 7, 2023 · By John Lee. The Iraqi authorities have approved a revaluation of the Iraqi dinar. In a statement said on Tuesday, the Central Bank of Iraq (CBI) said that, starting on Wednesday, the exchange rates will be as follows: 1,300 dinars per dollar: the price of purchasing a dollar from the Ministry of Finance; 1,310 dinars

Dec 29, 2024 · By John Lee. Baghdad's first general hospital in nearly 40 years, Al-Shaab General Hospital, was been inaugurated on Saturday by Prime Minister Mohammed S. Al-Sudani. The 246-bed facility, a long-stalled project now completed under a joint management model, is equipped with modern infrastructure, advanced medical equipment, and comprehensive healthcare services. During the opening ceremony, the

Dec 20, 2024 · By John Lee. The Central Bank of Iraq (CBI) has announced its strategic focus on enhancing the capabilities of the Loan Guarantee Company [Iraqi Bank Guarantees Company (IBGC)] to support the banking sector and "bolster financial depth.". Dr. Ammar Hamad Khalaf, Deputy Governor of the CBI, highlighted this priority during the 8th International Guarantee Conference in Baghdad.