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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CBI issues new regulations to curb foreign currency smuggling

The new Central Bank of Iraq (CBI) measures come as the US has increasingly sanctioned Iraqi banks over allegations of currency smuggling and other means of bypassing economic measures imposed on Iran.

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Iraqi expert warns of ‘Lebanese-style’ banking crisis as CBI tightens monetary policy

Abdulrahman al-Sheikhli, a banking expert, warned that "there is rising concern among citizens and investors about the condition of some private and even state-owned banks facing financial and liquidity pressures, raising fears of a scenario similar to Lebanon’s."

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Iraqi state institutions to go cashless by July 2026: Central Bank

The Central Bank of Iraq announced that all government offices and other facilities will stop using cash by July 2026.

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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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