Vast majority of deposits in Iraqi banking sector ‘guaranteed’: Central bank

The governor reassured that “in the event of any disruption or deficit, the Central Bank will intervene within its powers and responsibilities.”

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Iraq denies printing new currency with zeros removed

The CBI addressed reports circulating that the bank is printing quantities of the planned new Iraqi currency, confirming, “These reports are not based on any official source, and we deny that the bank has printed new Iraqi currency with zeros removed."

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Iraq loses over $30 billion in reserves amid regional tensions: CBI

The remarks came during a meeting Nasser held with the parliament’s finance committee, where he said that Iraq’s dollar reserves had fallen from $109 billion to $77.5 billion.

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US Federal Reserve sends $500 million cash shipment to Iraq

"The US Federal Reserve sent a new shipment of $500 million in cash to the Central Bank of Iraq… the funds will be used for transactions related to travelers and foreign remittances, subject to the approval of the Central Bank of Iraq," Iraqi state media reported, citing an official source.

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CBI denies printing money to combat financial crisis 

The Central Bank of Iraq said Sunday that "describing treasury bill discount operations as printing money is inaccurate," stressing that such measures are temporary liquidity tools backed by government debt and differ fundamentally from issuing new currency.

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Iraq has ‘huge plan’ to transform banking sector, says CBI governor

Ali al-Alaq told The New Region that citizens must not "rush to the market" amid a rise in unofficial dollar prices, insisting that the Central Bank is maintaining foreign reserves "at a very good level."

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CBI warns of influencers being used in money laundering, terror financing

Money laundering techniques outlined by the bank include rapid, unexplained follower growth, funds received from parties “without a clear commercial reason,” paid promotions for “suspicious parties,” purchase of luxury assets that do not match income, and financial deals with entities “subject to international sanctions.”

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Iraqi MP warns next government will inherit heavy debts

Iraqi lawmaker Yasser al-Husseini warned that the next government will face serious financial challenges due to rising internal and external debts left by the current administration. He told The New Region that Iraq’s debt has reached dangerous levels, limiting the government’s ability to reform the economy.

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CBI defends Iraqi debt levels as 'within safe limits'

The Central Bank of Iraq said the country’s public debt has reached 91 trillion dinars but remains within safe limits, amounting to 43 percent of the national economy. The bank said borrowing was limited and well-coordinated with the government, adding that Iraq’s external debt does not exceed $13 billion.

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