In a significant move to combat financial crimes, Iraq’s central bank has decided to prohibit five local banks from conducting transactions in U.S. dollars. This action aims to address issues ...

Instead, the U.S. and the Central Bank of Iraq began using a different type of Swift message normally used for moving funds between banks. Since bank-to-bank transfers are considered far less ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Central Bank of Iraq is an Iraq-based bank, which organizes the issue and circulation of the currency of the State of Iraq, regulates the exchange and credit policy, licenses and supervises banks, as ...

He has been held for the last four years on trumped up fraud charges in Baghdad but the Iraq Central Bank is using his detention as leverage in a 20 million dollar contract row for a building that ...

Abu Hamza used to buy dollars to a value of US$250,000 (Dh918,300) every week at the Central Bank of Iraq's currency auctions without having to offer any proof of what the money was to be used for.

A mechanical engineer, Mr Pether had worked in the Middle East for almost a decade before taking on a huge rebuild of Iraq's Central Bank headquarters in Baghdad in 2015. Towards the end of the ...

In light of the difficulty of implementing additional fiscal consolidation in 2016–17, fiscal and current account deficits are expected to be financed by an increase in indirect monetary financing by ...

What is the Iranian ambassador doing at the Iraqi Central Bank? In the early years of the international economic blockade imposed on Iraq after the Gulf War in 1991, the Ministry of Information ...

A report in Sunday’s New York Times says Iraq has been using a network of financial institutions and oil smuggling operations to help Iran skirt economic sanctions imposed because of its nuclear ...