Central Bank of Iraq

Iraq to cut rates

The Central Bank of Iraq has announced that it will reduce its key policy rate by 1 percentage point to 14%, starting next year.

Oil price plunge prompts Iraqi cut

The Central Bank of Iraq has cut its benchmark rate by a full percentage point to 15% days after the governor warned that the dismal global outlook and the slump in oil prices could drag the country into recession.

Iraq's central bank plan goes beyond basics

This article says that what's remarkable about the financial architecture for Iraq is the scope and detail the coalition brought to the task of establishing an independent central bank. In March, the CPA published the Central Bank of Iraq Law, which, it…

Iraq Council names central bank governor

Sinan Mohammed Rida al-Shibibi, an economist, was named on Wednesday 10 September as Iraq's first central bank governor since the removal of Saddam Hussein from power. The move to appoint a permanent governor comes ahead of an important donors'…

Iraqi banks want to rejoin banking system

Faleh Salman, acting Iraqi central bank governor, said at the weekend that the Security Council's decision in May to lift sanctions meant "here is no impediment now" for the resumption of relationships across the world for Iraq's banks, according to a…

Gold bars worth $500m seized at Syrian border

A haul of 2000 gold bars was found during the routine inspection of a truck near the Syrian border, according to Reuters. The gold was estimated to be worth about $500 million and may have come from the Iraq central bank's reserves.

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