Wed. AM KTFA News Articles from Iraq 9-3-25

KTFA

Clare » September 3rd, 2025

Withdraw leave

September 03, 2025

The Central Bank of Iraq decided to withdraw the license of Al-Balsam Company for brokering the sale and purchase of foreign currencies due to its violation of the controls regulating the work of exchange companies and brokering the sale and purchase of foreign currencies No. (1) of 2022. For more, click here.

https://cbi.iq/news/view/2974

The Central Bank launches new services via electronic wallets.

The Central Bank of Iraq announces the launch of reciprocal money transfer services via e-wallets, enabling individuals and business owners to conduct their financial transactions with greater speed and flexibility.

These services include:

Exchange money transfers between validated, permanent wallets of various service providers.

Reciprocal money transfers from permanent verified wallets to merchant wallets of various providers during purchases.

The launch of this step represents a qualitative shift in the path to enhancing financial inclusion, supporting digital transformation efforts, facilitating the movement of funds, supporting the business sector, and expanding the use of financial technologies in Iraq.

Central Bank of Iraq 
Media Office 
September 3, 2025
https://cbi.iq/news/view/2972

Economist: Iraq enjoys financial stability thanks to the Central Bank’s reserves.

9/3/2025 – Baghdad 

Economic advisor, Mazhar Mohammed Saleh, confirmed on Wednesday that financial stability in Iraq is solid, and no worrying indicators have emerged so far, despite the external challenges and geopolitical shocks witnessed worldwide.

Saleh said, “Financial concerns are mainly due to the repercussions of external shocks such as trade wars and fluctuations in energy prices, but Iraq has proven its resilience thanks to the Central Bank’s foreign currency reserves.”

He added, “Monetary policy plays a pivotal role in stimulating the domestic financing market and supporting public liquidity, ensuring the implementation of government development programs and infrastructure projects, which is directly reflected in stimulating the labor market and enhancing economic activity.”

He pointed out that “the strong coordination between fiscal and monetary policies dispels any fears of recession and even enhances the sustainability of economic stability, in light of low inflation and unemployment rates, high growth rates, and the launch of the social market strategy that balances protecting livelihoods and supporting investment and reconstruction.”   LINK

Source: Dinar Recaps

______________________________________________________

If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © Dinar Chronicles