Central Bank moves to lower dollar exchange rate against Iraqi dinar
Central Bank moves to lower dollar exchange rate against Iraqi dinar
9-21-2026
The Central Bank of Iraq has taken a new set of measures aimed at reducing the gap between the official and parallel exchange rates, and restoring stability to the dollar exchange rates in local markets.
An informed source at the Central Bank of Iraq stated that these measures were taken due to the rise in the exchange rate of the dollar against the Iraqi dinar in local markets on Saturday, exceeding the level of 160,000 dinars per 100 dollars.
The bank continues to take measures and policies to develop the banking environment, raise the efficiency of the financial system, and provide the necessary elements to support sustainable economic growth, thereby achieving long-term financial stability and maintaining the stability of the exchange rate and the integrity of financial channels.
Earlier yesterday, the Central Bank of Iraq confirmed that it continues to finance foreign trade according to approved purposes and channels, while noting that foreign reserves meet all demands for foreign currency.
The bank said in a statement that “in light of what some media outlets are reporting about rising prices and a slowdown in market activity, the Central Bank of Iraq announces that it has sufficient foreign reserves to meet the demands for foreign currency for financing foreign trade, settling bank cards, and travelers’ requests for cash dollars at the official approved exchange rate.”
He added that “the rise in the exchange rate in the local markets is due to market speculation, expectations, and the misuse of geopolitical conditions in the region to disrupt the economic and financial situation by some beneficiaries of this situation,” stressing “his continued financing of foreign trade according to the approved purposes and channels, in a way that ensures the smooth flow of imports and the provision of the needs of the local market.”
According to the statement, the Central Bank of Iraq called on citizens to “rely exclusively on official information and data issued by it, and not to be swayed by news or information circulating through unreliable sources,” indicating that in case of any violations or inquiries, citizens can submit complaints and reports through the official complaints website of the Central Bank of Iraq.
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