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The governor of the Central Bank of Iran unveiled plans for using non-dollar accounts for oil and gas trade with Iraq. Iraqi Dinar- Abdolnaser Hemmati on Wednesday held a meeting with presidents of Iraqi banks, members of Iraq’s chamber of commerce and the Arab country’s business people during a trip to Baghdad. Iraq’s Budget for Fiscal Year 2019 Officially Became Law on Feb. Iraqi News- ERBIL, Kurdistan Region — The budget for Iraq for Fiscal Year 2019 officially became law on Monday with the signature of Iraqi President Barham Salih. 5 billion in loans for the reconstruction of Iraq, the foreign minister said on Feb. Mevlüt Çavuşoğlu told a meeting organized by the Beyoğlu Municipality in Istanbul.
Iraq is staying neutral as the international community steps up pressure on Iran, its foreign minister said, while a British minister acknowledged relations will always exist between Iran and Iraq. Iraqi Investment- Prospects for Iraq’s economic rehabilitation are promising, although security and corruption concerns will continue to undermine government credibility. Iraq’s finance minister is confident that the country will weather the global economic slowdown. Finance Minister Fuad Hussein said on the sidelines of the World Economic Forum in Davos. Iraqi Dinar News- A member of the Parliamentary Economic and Investment Commission, MP Noura al-Bajari, confirmed on Wednesday that the initiative to revalue and delete zeros from the Iraqi Dinar is ready for implementation by the Central Bank although it will be delayed by five years given the political and security situation of Iraq. Iraqi Economy- The governor of the Central Bank of Iraq, Ali Alalak, the total assets in banks operating in the country is 200 billion dollars. Iraqi Dinar News- The central bank submitted a project to delete three zeros of the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deteriorating security and political situation in the country.