Al-Moussawi: No agreement to raise the dollar exchange rate
Al-Moussawi: No agreement to raise the dollar exchange rate
10-5-2026
Information/Special…
MP Mukhtar al-Moussawi confirmed on Monday that there is no final agreement to raise the exchange rate of the dollar to 150,000 dinars per 100 dollars within the 2027 budget. He noted that raising the exchange rate is very likely, but no specific rate has been agreed upon yet.
Al-Moussawi explained to Al-Maalouma that “Iraq is facing a severe financial and economic crisis, and this will lead to significant changes in the features of the 2027 budget, which is the first budget in three years. Consequently, there are many important points that will be discussed.”
He added that “one of the most prominent issues under consideration is whether to maintain the exchange rate at its current level of 132,000 dinars per 100 dollars, or raise it to 150,000 dinars or more. There are ongoing discussions and debates on this matter, but no specific rate has been agreed upon yet.”
He pointed out that “the available indicators so far suggest that raising the dollar exchange rate may be a feature of the upcoming budget, amidst the severe financial crisis that Iraq is experiencing, especially in light of the current events in the region.”
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