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New instructions from the Central Bank of Iraq to prevent dollar smuggling starting next month On Saturday, the Echo Iraq Observatory revealed new instructions issued by the Central Bank to all authorized banks in the country regarding financial transfers and … Continue reading →

From Washington: A new banking and economic reform package for Iraq The Iraqi delegation participating in the banking reform conference in Washington, D.C., on the sidelines of the International Monetary Fund and World Bank meetings, announced a new package of … Continue reading →

Iraq’s foreign exchange reserves fell by more than $2 billion in one month. The Central Bank announced on Saturday that its foreign exchange reserves had fallen to more than $2 billion by the end of July. The bank said in … Continue reading →

Central Bank Governor: Iraq’s internal and external debts amount to approximately $150 billion Central Bank Governor Ali Al-Alaq said that Iraq’s internal and external debt has reached approximately $150 billion, in response to a parliamentary question directed to him by … Continue reading →

Government Financial Advisor: The Ministry of Finance has begun preparing the 2026 budget. The Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, confirmed on Saturday that the Ministry of Finance has begun preparing the 2026 budget, while specifying the disbursement mechanism … Continue reading →

Rafidain Bank suspends loan applications from parliamentarians and employees. An informed source revealed on Thursday that the government-owned Rafidain Bank has suspended applications for loans and advances allocated to employees, retirees, and members of the Iraqi parliament. The source told … Continue reading →

The International Monetary Fund expects Iraq’s economy to grow by 3.6% next year. The International Monetary Fund (IMF) forecast on Thursday that the Iraqi economy will grow by 3.6% in 2026, amid improved economic performance in the region and rising … Continue reading →

Prime Minister’s Advisor: The Central Bank is leading a comprehensive shift towards reform. The Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, confirmed on Thursday that Iraq’s commitment to international standards paves the way for the return of dollar transactions, attracting … Continue reading →

Al-Badri: The government is ignoring the inclusion of the salary scale in the three-year budget. Representative Ahmed Al-Badri confirmed, on Monday, that the unified salary scale law will not be part of the three-year budget, expressing his surprise at the … Continue reading →