Iraq
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.
Interview with governor of Iraqi central bank
Asharq Al-Awsat, a leading Arab English-language newspaper, has published a far-reaching interview with Dr Sinan Al-Shabibi, the governor of Iraq's central bank. Some of the main points are summarised below.
Iraqi central banker dies in ambush
A senior official from Iraq's central bank died after his car was ambushed by gunmen in Mosul on Monday.
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.
Iraqi central bank officials get skills boost
A five-day workshop offering training to officials from the Central Bank of Iraq was launched Monday 13 November in Bahrain.
Iraq central bank officials to train in Bahrain
Sixteen high-ranking officials from Iraq's central bank are to undergo advanced training at the Bahrain Institute of Banking and Finance, the Gulf Daily News reported on Tuesday 31 October.
Stagflation in Iraq - central bank
Iraq's central bank sounded a warning as inflation and unemployment hit high levels.
Iraq's central bank offers stability amid chaos
According to this article by Reuters, published Wednesday 2 August, the Central Bank of Iraq is offering a beacon of stability in a country on the verge of civil war, but faces many problems.
Bomb explodes near Iraqi central bank
A bomb exploded near Iraq's central bank in central Baghdad on Monday 10 July, killing several people, Reuters reported.
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.
Iraq seeking $40bn GCC debt relief
Iraq's central bank chief has said he hopes the Gulf GCC countries will follow the example of other states and give Iraq 'generous treatment' over debt cancellation.
USAID works to strengthen Central Bank of Iraq
This article published on Monday 19 December reports on technical assistance being provided to assist capacity building and institutional strengthening at the Central Bank of Iraq. Historically the CBI has found it difficult to implement monetary policy,…
Iraq's first Article IV for 25 years
The IMF has issued its first Article IV report on Iraq in 25 years. It reports that economic activity in Iraq has grown significantly in 2004, but that inflation has also been higher than expected at 37% for the year to June, compared with estimates of…
Kidnap! Iraq's central bank manager seized
Gunmen have kidnapped the general manager of the Central Bank of Iraq in front of his home in eastern Baghdad, state-owned television reported.
Iraq's central bank builds credibility
The strength of their currency is one solid economic achievement the Iraqis have to hold on to, according to this article. It attributes this remarkable level of stability to sound government policies - specifically the transformation of the Central Bank…
Iraq's small coins going unused
Millions of dinar coins minted by the Central Bank of Iraq are going unused as banks are reluctant to accept them, and high inflation means there is less and less need for small denominations.
Iraq central bank plans payment transfer system
Iraq's central bank plans to implement a new interbank payment system that will revolutionize the country's inefficient banking system by the end of this year, Governor Sinan al-Shabibi said in an interview Friday 20 May.
IMF says Iraq too dangerous to open office
The International Monetary Fund said on Thursday 12 May that it is too dangerous for the Fund to open an office in Iraq at the present time but it hopes to begin talks soon on a special loan to the Iraqi government.
Central Bank of Iraq aims for monetary stability
According to AZZAMAN newspaper, the Central Bank of Iraq has announced that it intends to fight inflation and achieve monetary stability in Iraq following a noticeable increase in prices over the past few months.
Iraq’s central bank: in search of a raison d’être
Iraq’s underdeveloped financial markets make it impossible for the central bank to fulfil its mandate argue Matt Sekerke and Steve H. Hanke.
Iraq to earn income on reserves via NY Fed account
The central bank of Iraq is to be allowed to open a deposit with the Federal Reserve Bank of New York which will earn it millions of dollars in vital interest income, US Treasury Under Secretary John Taylor said on Tuesday 8 February.
Inquiry into Central Bank of Iraq's missing $300m
US authorities are investigating why $US300 million in American bills was taken out of Iraq's Central Bank this month and flown to Lebanon, the American ambassador to Iraq said.
Iraq's cb gets recommendations from USAID program
Bank Supervision advisors under the United States Agency for International Development (USAID) Iraq Economic Governance II program have delivered a set of recommendations to the Central Bank of Iraq on assessing risks and designing enforcement actions…