Iraq
Sovereign debt in default fell by 1% in 2023 – BoC study
Research finds shift in lending away from Paris Club creditors towards China
Iraqi central bank bans use of dollar for internal transactions
Move comes as tension with US over money laundering and Iran causes growing dollar shortage
People: January to March 2023
A round-up of central bankers in the news and on the move during the past three months
Iraqi PM replaces governor after fraud drives currency fall
Dinar falls after US clampdown on dollar transfers following reports of massive fraud
Iraqi authorities investigate central bank involvement in fraud case
Investigation finds politically linked firms stole $2.5 billion and used some in central bank auctions
Iraqi court jails foreign engineers over central bank dispute
Australian engineer’s family say he was jailed to pressure firm over troubled project
Central Bank of Iraq devalues currency by 23%
Oil-dependent economy has been hit hard by coronavirus shock
Iraqi prime minister changes central bank governor
New governor pledges banking reform as finance minister warns country needs economic change
Trump threatens to cut off Iraq from New York Fed account
Central Bank of Iraq risks losing access to New York Fed account if government ousts US soldiers
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
Outstanding contribution for capacity building: Warren Coats
For his extraordinary life’s work in helping to put more than 20 central banks – from those in former Soviet republics to those recovering from war – on a sounder footing
Iraq suspends dollar payments to some Kurdish banks
Future of agreement on oil revenues unclear as country faces significant economic problems
Islamic State looted $800m in funds, says Iraqi central bank
IMF says central bank cannot avoid financing government deficit
Central Bank of Iraq updates 5,000 and 25,000 dinar banknotes
The central bank says the new banknotes will coexist with their predecessors; most notable change sees addition of transparent window on 25,000 note
Central Bank of Iraq signs off plan for new headquarters
Central Bank of Iraq finalises agreement with Zaha Hadid Architects to design new office headquarters in central Baghdad
Iraq’s Al-Shebibi warns foreign assets at risk of confiscation
Central Bank of Iraq governor Sinan al-Shebibi says ruling to place central bank under cabinet supervision risked the central bank losing assets held overseas
IMF: Liberalisation of trade can curb Iraqi inflation
IMF study finds mounting inflation in Iraq arising from oil monopolists can be lessened through open market policies
Greek debt crisis sparks widening of almost all global CDS spreads
Cost of protecting against a Greek default up 190% in three months to mid-June as CDS spreads widened for 93% of sovereign debt on back of sovereign debt crisis in Europe
Al-Qaeda claims responsibility for fatal central bank attack
Al-Qaeda group says it orchestrated bombings aimed at the Central Bank of Iraq which killed at least 18 people; militants say they targeted central bank to choke off funds to United States
Iraq central bank bombing leaves 15 dead
Suicide bombers and gunmen target Iraqi central bank; attack thought to be part of a series of robberies and heists orchestrated by Sunni insurgents