The Central Bank Announces Banking Facilities And Amendments To Cash Withdrawal Fees (Document)
Economy 2025-07-24 | 07:54 Source: Alsumaria News 1,528 views Alsumaria News – Economy announced The Central Bank of Iraq a series of banking updates and facilities on Thursday. According to a document issued on July 24, 2025, and addressed to all banks and electronic payment service providers , the Central Bank decided the following:
-Adjusting cash withdrawal fees through point-of-sale (POS) devices and automated teller machines (ATMs). The withdrawal fee is deducted electronically, and the citizen does not pay any fees directly to the bank outlets. Banks and companies compete to provide their services to the public to achieve the public interest and improve service.
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https://www.alsumaria.tv/news/economy/534729/البنك-المركزي-يعلن-تسهيلات-مصرفية-وتعديلات-عمولات-السحب-النقدي-وثيقة
Central Bank Of Iraq Buys Over 16.5 Billion Dollars From Finance Ministry In Q1 2025
Business Iraq Jawad Al-Samarraie July 22, 2025 6716 The new headquarters of the Central bank of Iraq (CBI). Photo: Zaha Hadid Architects Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) announced on Tuesday (July 22, 2025) that it purchased over 16.5 billion US Dollars from the federal Ministry of Finance during the first quarter of 2025.
According to an official statistic reviewed by Shafaq News Agency, the Central Bank acquired 16.593 billion Dollars in foreign currency from the Ministry of Finance during Q1 2025. In the same period, the bank sold a total of 20.980 billion Dollars through its daily auction.
The report also noted that during the entirety of last year, 2024, the Central Bank had purchased 68.654 billion Dollars in foreign currency from the Ministry of Finance. In turn, it sold 77.652 billion Dollars through its daily foreign currency auction.
https://www.iraqinews.com/business/cbi-foreign-currency-purchases-q1-2025/
Despite The Billions Piling Up In America, Why Isn’t Iraq Using Its Money To Save Its Economy? – Urgent
Baghdad Today – Baghdad Despite Iraq’s massive financial reserves, estimated at tens of billions of dollars,the question remains: Why aren’t these funds being effectively invested domestically?
At a time when the country is suffering from mounting economic crises, fragile infrastructure, and declining productive sectors, the government continues to invest a large portion of these reserves in US Treasury bonds, financial instruments known for their low yields and long payback periods.
While these bonds are internationally classified as safe instruments for preserving value, experts believe that Iraq’s approach to investing its foreign assets has become traditionally rigid, inconsistent with development requirements and inconsistent with the priorities of an economy in urgent need of domestic revitalization.
What increases the sensitivity of this issue is that a significant portion of Iraq’s funds are actually deposited in American banks, weakening the country’s ability to freely decide how to manage these vital resources.
In this context, financial expert Abbas Al-Shatri offers a comprehensive critical vision, calling for a complete rethinking of Iraq’s reserve investment policy and a shift from a “safe freeze” logic to a “productive investment” logic to ensure economic security and achieve sustainable development. Al-Shatri told Baghdad Today,
“Iraq’s continued investment of a significant portion of its financial reserves in US Treasury bonds is an economically unfeasible decision, given the low returns these bonds generate compared to other investment opportunities that could directly support the national economy.” He pointed out that “despite the classification of US Treasury bonds as safe and internationally recognized financial instruments,
Iraq, with its current economic situation, urgently needs to direct its funds toward more dynamic investments, whether through domestic production projects or regional investment vehicles that generate higher returns, contribute to creating real job opportunities, and enhance infrastructure.”
Al-Shatri explained that “excessive reliance on these bonds does not meet Iraq’s development needs.
Rather, it deprives the economy of opportunities to diversify sources of income and stimulate vital sectors such as industry, agriculture, and renewable energy, which are the foundation of any stable and sustainable economic structure.”
Noting that “the current fiscal policy tends toward safe freezing rather than productive stimulation,” Al-Shatri called for “a radical reconsideration of the investment policy of Iraq’s financial reserves, moving away from the traditional approach of freezing in low-yielding instruments, and toward a more ambitious economic vision based on maximizing returns and achieving economic security.”
It is well known that a large portion of Iraq’s reserves are actually held in American banks or under the supervision of the international financial system linked to them.
However, experts believe that Iraq does not actually benefit from these funds in a context that serves its internal economic needs.
Rather, it is sometimes restricted by political and financial restrictions that make the investment of these funds governed by external considerations rather than an independent sovereign decision.
This reality raises serious questions about the independence of Iraqi investment decisions, at a time when there is a growing need for more flexible financial policies that can help protect the economy from global fluctuations and harness the country’s vast financial resources for sustainable development within the country. https://baghdadtoday.news/279403-.html
The Central Bank Of Iraq Issues New Decisions To Regulate Electronic Withdrawal And Payment Fees.
July 24, 2025 Baghdad/Iraq Observer The Central Bank of Iraq issued several decisions on Thursday regarding banks, electronic payment service providers, and cash withdrawal fees.
According to a letter issued by the bank and received by the Iraq Observer, “withdrawal fees are deducted electronically, and citizens do not pay any fees directly to banking outlets.”
It also stipulates that “banks and companies shall compete to provide their services to the public to achieve the public interest and improve service,” while the book sets a minimum commission.
https://observeriraq.net/المركزي-العراقي-يصدر-قرارات-جديدة-لتن/
The Central Bank Participates In The Mosul Justice Marathon And Forum.
July 23, 2025 The Central Bank of Iraq, Mosul branch, participated in the Mosul Justice Marathon and Forum 2025, hosted by the University of Mosul.
In his speech, the Director General of the Central Bank’s Mosul branch, Dr. Hussein Lazem, provided a comprehensive explanation of fraud and cyber extortion crimes in Iraq and the Central Bank’s role in addressing and combating them.
During the forum, discussion sessions were held on cybercrime, digital blackmail, family and children, and cybersecurity. Central Bank of Iraq Media Office July 23, 2025 https://cbi.iq/news/view/2938
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