Central Bank Of Iraq
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The bank s entire capital stock was legally mandated to be held by the state.
Central bank of iraq. On 25 january 2011 the supreme court of iraq ruled that the central bank. Its objectives are achieving domestic price stability and promoting a competitive stable financial system. Iraq s currency is the iraqi dinar iqd. This article says that what s remarkable about the financial architecture for iraq is the scope and detail the coalition brought to the task of establishing an independent central bank.
Time series list visitors. The central bank of iraq the country s independent central bank was established on march 6 2004 with a capital of 100 billion dinars. Small medium enterprises financing solutions in collaboration with central bank of iraq. In 2014 it has an average conversion rate of 1160 us to 1 iqd.
The central bank of iraq cbi has announced that the repayment of loans obtained under its 1 and 5 trillion dinars finance initiatives for small and medium size businesses smes will be suspended for three months. The central bank of iraq answers to the council of ministers of iraq. Box 64 al rashid street baghdad iraq. The constitution of iraq states that the central bank is a financially and administratively independent institution responsible before the council of representatives of iraq.
Brief history established on 16 november 1947 as the national bank of iraq under law n. Cable markazi telephone 964 1 816 5170 to 5175 fax 964 1 816 6802 email email protected email protected website www cbi iq. In meeting these objectives the central bank will support sustained growth and economic opportunities for the people of iraq. The central bank of iraq law was issued march 6 2004.
43 of regency council as government owned and controlled institution to carry out central banking functions superseding iraq. Central bank of iraq. Data showed the central bank of iraq to implement sales of foreign currency worth 148 7 million in the auction held today thursday compared to sales yesterday wednesday amounting to 177 39 million. The iraq constitution states that the federal government of iraq has exclusive authority to establish and administer the central bank.
Financing solutions to support and develop smes operating in manufacturing agricultural trade health services educational and hospitality projects. In march the cpa published the central bank of iraq law which it 21 may 2004. Iraq s central bank plan goes beyond basics. According to the constitution the federal government of iraq has the exclusive authority of establishing and administering a central bank.
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