International Development Bank removed from KRG's MyAccount due to CBI restrictions

“The KRG [Kurdistan Regional Government] Ministry of Finance and Economy announces that the International Development Bank (IDB) will no longer participate in the MyAccount programme, following restrictions imposed by the Central Bank of Iraq (CBI) on US dollar transactions,” read a statement from the ministry.

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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.

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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.

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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.

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TBI joins KRG’s My Account initiative

Trade Bank of Iraq (TBI) becomes the seventh bank to join the Kurdistan Regional Government's My Account initiative

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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.

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57 percent of Iraq’s banks facing collapse as Baghdad bans dollar use

US sanctions 35 Iraqi banks, restricting their dollar transactions to curb currency smuggling to Tehran.

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