Category Archives: Uncategorized

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 →

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 →