Monetary Policy

Reserve Requirement

The Board of Directors of the CBI has approved adopting the attached Reserve Requirements Regulations. The new Reserve Requirements shall be effective as of Nov. 1,2004 it is indicated hereunder.

Monetary Policy  Instruments

Press communiqué displayed hereunder issued by Central Bank of Iraq concerning The New CBI Monetary Policy instruments.

Bank Facilities

The Board of Directors of the CBI has been approved adopting new Banking Facilities Regulations. The Banking Facilities shall be applied as from the date of issue, which was Sept. 23, 2004 and it is displayed hereunder.