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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.

A new RTGS system for Iraq

The Iraqi central bank has reportedly started with the implementation of a new electronic real-time gross settlement payment system.

Iraq's central bank to curb inflation

Officials at the Central Bank of Iraq (CBI) said that the bank is considering taking measures to curb inflation which hiked to 70 percent last year on soaring oil prices, Iraq Directory reported Wednesday 14 February.

Shabibi says Iraq's reforms are on track

The governor of the central bank of Iraq said on Thursday 11 May that solid progress was being made in reforming the country's financial sector despite ongoing disruptions and that enough reserves existed to defend the currency.

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