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Deposit growth declines and cash credit rises in Iraq The Central Bank of Iraq reported on Wednesday a decline in bank deposit growth, while credit growth increased during July. A bank statistic reviewed by Shafaq News Agency showed that total … Continue reading →

The Coordination Framework meets to respond to the US State Department. The Coordination Framework forces decided to hold a meeting this evening, Wednesday, to respond to the US State Department’s statement regarding “disarming armed factions loyal to Iran .” A … Continue reading →

Al-Sudani stresses to the US Secretary of State the need to avoid any unilateral steps outside the framework of communication and consultation. Prime Minister Mohammed Shia al-Sudani affirmed that “friendly relations between Baghdad and Washington are based on constructive dialogue,” … Continue reading →

Central Bank: Iraq’s public debt is lower than that of the United States and several other Arab countries. The Central Bank of Iraq confirmed on Monday that the external debt curve is declining and that Iraq is within safe limits … Continue reading →

Central Bank: Iraq’s debt is moderate and within safe limits. The Central Bank of Iraq stressed that the ratio of public debt to GDP did not exceed 43%, describing it as moderate and within internationally safe limits, and does not … Continue reading →

Iraqi banks and exchange companies fined 91 billion dinars over nine months. The Central Bank of Iraq announced on Monday that it had imposed fines on banks and non-banking institutions (exchange companies) amounting to more than 91 billion Iraqi dinars … Continue reading →

Zebari: Appointing Savaya is a bold step toward restoring Iraq’s sovereignty from militia rule. Kurdistan Democratic Party (KDP) leader Hoshyar Zebari said on Monday that US President Donald Trump’s appointment of Mark Savaya as his special representative to Iraq is … Continue reading →

The International Monetary Fund (IMF) has announced its forecast for Iraq’s inflation rate in 2028. The International Monetary Fund (IMF) predicted on Monday that Iraq’s inflation rate will decline in 2028. According to IMF data reviewed by Shafaq News Agency, … Continue reading →

Iraq is implementing comprehensive banking reforms in cooperation with the Central Bank and international consulting firms. The Iraqi economy is one of the most oil-dependent in the world, with oil accounting for more than 90% of government revenues and exports. … Continue reading →

Trump appoints Mark Savaya as special envoy to Iraq US President Donald Trump announced on Sunday the appointment of Mark Savaya as his special envoy to Iraq. “I am pleased to announce that Mark Savaya will serve as Special Envoy … Continue reading →