Iraq
US forgives $4.1 billion of Iraqi debt
The US concluded a bilateral agreement on Friday 17 December to write off debts of $4.1 billion owed to it by Iraq, and expressed the hope that other countries would follow its example.
Iraqi central bank authorises hard currency loans
The Iraqi Central Bank has authorized the public and private banks to give loans in hard currency to citizens in accordance with the regulations and mechanisms approved by each bank's board of directors.
Iraq cb chief says debt relief needed to tap oil
Iraq's central bank chief said on Sunday 3 October that the country cannot fully exploit its huge oil reserves without "huge" debt relief.
IRAQ'S NEW CENTRAL BANK
In April 2003 the central bank of Iraq was reduced to rubble. Its offices were ransacked, its records burnt, its vaults partly flooded (it sits on the banks of the Tigris), and its governor had fled. One of Saddam Hussain's sons had taken about $1…
Bomb explodes near Iraq central bank
A mortar round exploded near Iraq's central bank on Sunday, injuring 10 people in the capital according to reports.
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…
IMF's Krueger says oil price not in 'danger area'
The International Monetary Fund (IMF) sees no immediate threat to the global economy from either the recent oil price surge or insecurity in Iraq, its acting Managing Director said on Tuesday 18 May.
New law to streamline central bank of Iraq
The civil authorities of the US occupation forces in Iraq have issued a new law to streamline the working of the country's central bank, reports Xinhua.
Iraq aims to increase foreign bank entry
Iraq's central bank governor said on Monday 26 April that he is recommending removing limits to the number of foreign banks that can operate in Iraq.
Volcker to probe Iraq oil for food program
Paul Volcker, the former chairman of the Federal Reserve, began a high-level investigation on Wednesday 21 April into allegations of kickbacks and bribes in the UN-run oil-for-food program for Iraq.
Iraq's central bank to link with 7500 institutions
The Governor of the Iraqi Central Bank Sinan al-Shibibi said that a system will be used to link with more than 7500 financial institutions in 200 countries, according to a news agency report.
IMF and WB to play part in Iraqi debt settlement
Russian Finance Minister Alexey Kudrin said on Friday 2 April that the issue of Iraqi debt settlement will be solved together with the World Bank and the International Monetary Fund (IMF).
New law governing the Central Bank of Iraq
Ambassador L. Paul Bremer, Administrator of the Coalition Provisional Authority, announced on Sunday 7 March the issuance of a new law governing the Central Bank of Iraq.
Interview: Central Bank of Iraq's Chief Economist
In an interview Mudhir Kasim said that Iraq's central bank published official statistics for the first time in 26 years on Tuesday (17 Feb). "This is the first central bank bulletin since time immemorial. The information we produced before was secret,"…
Iraq's botched currency reform
Prescriptions by the official sector institutions for Iraq ignore political realities and their own findings argue Steve Hanke and Matt Sekerke.
What monetary regime for Iraq?
This article, co-authored by Professor Steve Hanke and Matt Sekerke, says that the choice of monetary regime for Iraq remains wide open despite measures to establish an independent central bank, framework for bank regulation, and Saddam-free bank notes.
IMF officials to meet Iraqi finance chiefs
Iraq's finance minister and central bank governor are to meet officials at the International Monetary Fund after attending a Group of Seven meeting in Boca Raton, Florida.
Iraq to talk debt with G-7 and IMF
Top finance officials from Iraq and Afghanistan will meet next month with their counterparts from the G7 industrial countries and Russia to report on progress in reconstruction.
Saddam notes cease to be legal tender
Bank notes printed with the face of Saddam Hussein have ceased to be legal tender in Iraq, removing another memory of the former dictator.
Mosul Central Bank rebuilding begins
Work has begun to rebuild Mosul Central Bank, destroyed in the Iraq war.
IMF met Iraqi officials on rebuilding central bank
Agustin Carstens, IMF Deputy Managing Director, said on Friday 12 December thatthe IMF was working with Iraqi finance officials in Jordan to help with the rebuilding of the central bank and was providing technical assistance, according to Reuters.
Iraq cb to issue licences to foreign banks
The central bank of Iraq is to award licences in December allowing a maximum of six banks to operate in Iraq. Central bank deputy Ahmad Salman Mohammed said "Foreign banks will bring in capital, train people, provide jobs, modernise banking services and…
Baghdad's central bankers come under fire
Staff at the central bank of Iraq were evacuated on Monday 17 November while a rocket that landed close to the bank was defused, according to a report by AFP. The centre of Baghdad came under intense fire on Sunday with a report saying the central bank…
Central Bank of Iraq to establish stock exchange
The Central Bank of Iraq has decided to establish a stock exchange that would operate on a daily basis instead of three times a week as proposed previously, MENAFN reported.