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December 31, 2007
Demand for the dollar significantly increased in the Iraqi Central Bank's auction on Monday, registering at $119.535 million compared to $55.960 million on Sunday.
Read more: Hike in demand for the dollar, exchange rate down
December 28, 2007
Exploits the Iraqi market long holidays, stopping auction currency official at the Central Bank of Iraq to restore its control of the currency exchange market and to complete all dealings according to exchange rates similar to those that were adopted before the start of bank's plan to strengthen the value of the dinar against the dollar, which had greatly affected the transactions commercial for the local market, in the best season, which precedes the holidays.
Read more: Central Bank raises quantities of the American currency lower than market price
December 27, 2007
It's no front-page news that Iraq is a dangerous place. But a capital magnet? The presses have stopped for less. According to the not-quite-closed record book for 2007, Iraqi sovereign bonds, the Iraqi currency, and the Iraqi stock market have each logged astounding, not to mention politically provocative, gains.
December 23, 2007
Norwegian independent oil producer DNO said on Friday that its share of production from a oilfield in northern Iraq rose to 5,882 barrels per day from 2,632 barrels in October.
December 20, 2007
The International Monetary Fund on Thursday approved a $744 million loan agreement to Iraq through March 2009 designed to support the country's economic program.
December 20, 2007
Official spokesman for the Ministry of Oil said that the public company for Iraqi oil tankers will inaugurate the first Iraqi tanker within its fleet on Monday in an official ceremony.
Read more: The inauguration of the first Iraqi tanker since 27 years
Read more: Iraqi private banks start the application of international standards
December 18, 2007
Iraq’s first post-conflict permanent government passed a new investment law in October 2006, opening up its economy to foreign investment. While Iraq is making great strides to develop a more investor-friendly business environment, much work remains. Inflation and stagnant economic growth will be challenges that Iraq will need to overcome in 2007, but the Government of Iraq (GOI) is in the process of making the necessary economic reforms to lead the country in a new direction. Pension reform and further reductions of the refined oil price subsidy are just a few of these economic policies. In addition to passing a new investment law, Iraq’s commitment to rejoin the international community can also be seen in its progress towards World Trade Organization (WTO) accession.
December 15, 2007
Armed with a plastic bag of cash, the Iraqi businessman walked into an estate agency in Baghdad to buy a new house with his savings.
Read more: Iraqis swap dollars for dinars as confidence and families flood back
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