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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 ...
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 ...
Coalition Provisional Authority Order 39: Foreign Investment (Amended by Order 46) (20 December 2003) – liberalized trade [and proclaimed] "the independence of the central bank; set rules for the new currency and securities markets; declared policies for trademarks, patents, copyrights, public contracts, and debt resolution; and privatized ...
Among the banks on the U.S. ban list are Al Mustashar Islamic Bank, Erbil Bank, World Islamic Bank, and Zain Iraq Islamic Bank, the newspaper said. Iraq's private banks association did not ...
In May 2003, following the invasion of Iraq in March of that year, the Central Bank of Iraq-Development Fund for Iraq (DFI) account was created at the U.S. Federal Reserve Bank of New York at the request of the Coalition Provisional Authority (CPA) Administrator.
The Central Bank of Iraq, the Board of Supreme Audit, the Communications and Media Commission, and the Shiite Endowment Commission as well as the Sunni Endowment Commission are financially and administratively independent institutions attached to the Council of Ministers. [23]
BAGHDAD (Reuters) -Three government ministers backed by ousted Iraqi parliament speaker Mohammed Halbousi will resign their positions in protest of a ruling by Iraq's top court to terminate his ...