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The Central Bank of Iraq (CBI; Arabic: البنك المركزي العراقي) is a monetary authority established in 1947, shortly after the end of the British occupation of Iraq. The CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system.
Iraq's central bank must address continued risks of the misuse of dollars at Iraqi commercial banks to avoid new punitive measures targeting the country's financial sector, a top U.S. Treasury ...
1 Central bank. 2 State-owned banks. 3 Private banks. 4 International banks. 5 See also. ... International Development Bank of Iraq (IDB) Ashur International Bank for ...
Since taking over as central bank governor, Al-Shabibi introduced the bank's employees to modern finance and payment systems. He made the bank switch from typewriters and calculators to computers, introduced it to financial instruments like currency auctions, and replaced Iraq's pre-2003 banknotes with the New Iraqi Dinar between October 2003 ...
WASHINGTON/BAGHDAD (Reuters) -The United States has barred 14 Iraqi banks from conducting dollar transactions, the Wall Street Journal reported on Wednesday, citing U.S. officials. The ban, which ...
Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit ...
The government of Iraq is defined under the current Constitution, approved in 2005, as an Islamic, [1] democratic, parliamentary republic. [2] The government is composed of the executive , legislative , and judicial branches, as well as numerous independent commissions.
The Ministry of Finance (MoF; Arabic: وزارة المالية) is the cabinet-level ministry responsible for managing the financial affairs of the Government of Iraq.It formulates financial policies, receives and manages all revenues of the state, prepares the general budget bill, oversees government expenditure, and operates a number of agencies.