Central Bank of Iraq (CBI) - Iraq Business News
WEBBy John Lee. Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), chaired a meeting on the regulation of e-commerce in Iraq, with participation from relevant authorities. The meeting discussed controls and consumer protection measures, focusing on registration procedures and obtaining licenses for e-commerce activities.
Dinar Revaluation News - Iraq Business News
WEBJun 28, 2024 · By a Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraqi Dinar Revaluation Scam: An Examination of False Hope and Financial Deception Introduction The notion that the Iraqi Dinar (IQD) will appreciate in value by an …
Central Bank discusses Increasing the Value of the Iraqi Dinar
WEBMar 14, 2024 · By John Lee. On Thursday, Iraq's Finance Committee, chaired by Atwan Al-Atwani, convened with its members and the Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, to discuss monetary policy, the banking system, and methods to increase the value of the Iraqi dinar.. Al-Atwani stressed the importance of monitoring the economic file and monetary policy based on oversight principles.
Cabinet Extends Contracts of KBR and Antonoil at Majnoon
WEBBy John Lee. The Iraqi Cabinet has a pproved the renewal of two contracts at the Majnoon oil field.. Chinese company Anton Oilfield Services Group (Antonoil) is to continue to provide Integrated Field Management, while the American company KBR will provide Engineering, Procurement and Construction Management (EPCM).. The decision allows for the extension of the contracts for two more years ...
Economist Recommends Re-Valuing Iraqi Dinar - Iraq Business News
WEBNov 15, 2021 · An Iraqi economist has said that re-valuing the Iraqi Dinar could be considered if certain conditions were met. Dhurgham Mohamed Ali is quoted by Shafaq News as saying: " The exchange rate of the dollar should be gradually reduced to 1,300 dinars [from the current 1,460 dinars] while keeping an eye on the cash transactions to preclude creating ...
CBI takes action to Stabilise Iraqi Dinar Exchange Rate
WEBDec 22, 2022 · The Central Bank of Iraq (CBI) has announced a package of measures to help stabilise the dinar/dollar exchange rate.. A translation of the statement from the CBI list the following: Allowing the banks participating in the foreign currency buying and selling window to buy any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and to pay ...
Elryan partners with Carrefour for Online Grocery Shopping in Iraq
WEBBy on 8th October 2021 in Iraq Industry & Trade News. By John Lee. Iraqi e-commerce platform Elryan.com has significantly expanded its product offering to include grocery items with the launch of its partnership with major international retailer, Carrefour. In a statement, Elryan says the partnership brings a new level of choice, convenience ...
Basra Energy Company established to run Rumaila Oilfield
WEBNov 25, 2021 · By John Lee. The Iraqi Ministry of Oil has officially established the new Basra Energy Company (BECL), which will be the main contractor at the giant Rumaila oilfield, under a Technical Service Contract (TSC).. Representing BECL at the ceremony, Zaid Elyaseri (BP) said the field will be developed to reach a peak production of 1.7 million barrels per day (bpd), up from the current level of ...
List of International Oil Companies in Iraq
WEBThe following is a list of International Oil Companies (IOCs) operating in Iraq under licences granted by the Ministry of Oil in Baghdad: Anton Oil Bashneft BP China National Offshore Oil Corporation (CNOOC) China National Petroleum Corporation (CNPC) Crescent Petroleum Dragon Oil Egyptian General Petroleum Corporation (EGPC) Eni ExxonMobil Gazprom Geo-Jade Petroleum Inpex Itochu Japan
Iraq Restores Value of Dinar - Iraq Business News
WEBFeb 7, 2023 · The Iraqi authorities have approved a revaluation of the Iraqi dinar. In a statement said on Tuesday, the Central Bank of Iraq (CBI) said that, starting on Wednesday, t he exchange rates will be as follows: 1,320 dinars per dollar: the sale price of the dollar from banks and non-bank financial institutions to the final beneficiary. The dinar ...
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