Insight Iraq

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CBI

US dollar exchange rate rises in Baghdad, Erbil

Baghdad (IraqiNews.com) – The US dollar trade fee against the Iraqi dinar rose in Baghdad and Erbil on Sunday with the closure of the two principal inventory exchanges in the nation. The US dollar trade rate elevated with the closure…

US troops head to region as fears grow of Gaza war’s spread

&#8211 Troop reinforcements from Israel&#8217s ally the United States headed to the area on Saturday, with fears of wider war increasing additional than 6 months into Israel&#8217s battle versus Hamas militants in the Gaza Strip. After pulling forces from the…

Asian stocks struggle to track Wall St higher, earnings in focus

Hong Kong &#8211 Asian markets largely fell Friday as traders struggled to create on Wall Street&#8217s optimistic direct, with hopes for a June fascination charge slice fading, although earnings year receives underway in the United States amid optimism for providers&#8217…

Asian markets mixed as ‘critical’ US inflation data looms

Hong Kong &#8211 Asian stocks had been mixed Tuesday as notice turned to essential US inflation knowledge that could participate in a pivotal role in the Federal Reserve&#8217s determination-generating on curiosity rates, with traders decreasing their expectations for how numerous…

Zimbabwe launches new gold-backed currency

Harare &#8211 Zimbabwe&#8217s central financial institution launched a new &#8220structured forex&#8221 backed by gold on Friday, as it seeks to tackle sky-superior inflation and stabilise the nation&#8217s extensive-floundering financial state. The ZiG &#8212 shorter for Zimbabwe Gold &#8212 will substitute…

US dollar exchange rate increases in Baghdad, Erbil

Baghdad (IraqiNews.com) – The US greenback exchange charge in opposition to the Iraqi dinar rose in Baghdad and Erbil on Thursday with the closure of the two key inventory exchanges in the place. The US greenback exchange amount enhanced with…

Remittances of currency abroad rise in CBI’s auction

Baghdad (IraqiNews.com) – At the Central Financial institution of Iraq&#8217s (CBI) auction on Thursday, foreign forex remittances enhanced by 98 percent when compared to dollars revenue, totaling $246 million. Through its auction on Thursday to buy and market US dollars,…

CBI says loan defaults declined compared to cash credit

Baghdad (IraqiNews.com) – The Central Financial institution of Iraq (CBI) uncovered on Wednesday that personal loan defaults declined compared to cash credit rating. The CBI pointed out in a statement that mortgage defaults declined to 6.3 percent in contrast to…

CBI takes measures to lift US ban on 28 private banks

Baghdad (IraqiNews.com) – The head of Iraq’s Parliamentary Expenditure and Enhancement Committee, Hassan Al-Khafaji, exposed on Wednesday that the Central Lender of Iraq (CBI) is getting actions to lift the ban imposed on 28 personal banking institutions in Iraq. Al-Khafaji…

CBI announces an increase in cash credit to total deposits in Iraqi banks

Baghdad (IraqiNews.com) – The Central Financial institution of Iraq (CBI) introduced on Monday that funds credit rating grew in 2023 when compared to total deposits in the Iraqi banking sector. The CBI pointed out in a statement that cash credit…