Action taken to close currency sale window, prevent dollar leakage

The Iraqi government plans to end the dollar auction system at the Central Bank by year-end to integrate Iraqi banks into global banking.

News

KRG transfers non-oil revenues to Baghdad

The Kurdistan Regional Government transferred over 85 billion dinars from internal revenues to the Federal Government of Iraq, complying with a Supreme Federal Court ruling and following an agreement reached regarding non-oil revenues.

News

Iraq participates in Saudi Anti-Corruption conference

Iraq emphasized its anti-corruption efforts at the Arab Forum in Riyadh, with measures including the "Where Did You Get This?" campaign and the establishment of an Inspection Department, alongside upcoming legislative amendments.

News

Over $600 million lost in dinar-dollar exchange scandal involving CBI: report

The Central Bank of Iraq faces a corruption scandal involving the sale of dollars for non-existent travelers, with over 151,000 beneficiaries and irregularities in passport numbers, while US officials urge action to prevent dollar smuggling to Iran and Syria.

News

US sanctions network smuggling American tech to Iran's central bank

The US Treasury Department imposed sanctions on a network of companies and individuals for facilitating illegal technology transfers to Iranian entities, including the Central Bank of Iran.

News

Dollar-earning Iraqis feel disappointed as new rules loom

As the central bank moves to wean the country off the US dollar, Iraqis getting their salaries in the American currency say they are the ones losing out.

Features

No more dollars in Iraq?

The New Region speaks to Iraqi citizens and officials about currency instability and new regulations to take effect Jan. 1.

Features