The Governor of the Central Bank of Iraq (CBI), Ali Mohsen al-Allaq, on Saturday, unveiled a new state-owned financial institution, the Social Development Bank, in a bid to drive nationwide economic progress and provide support to a diverse section of the Iraqi society. Al-Alaq shared these developments at the annual …
Read More »CBI sales in the currency auction drop drastically
With new regulations aiming at countering money laundering in force, the Central Bank of Iraq (CBI) auctioned $52 million only in foreign currency today, Sunday. Alghadeer News correspondent said that CBI’s sales of foreign currency in today’s auction amounted to $52,070,000, down by 74.76% compared to Wednesday’s $206,422,600. Our correspondent …
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