The Central Bank of Iraq issues a new statement regarding dollar exchange rates.
The Central Bank of Iraq issues a new statement regarding dollar exchange rates.
2025-11-25
The Central Bank of Iraq confirms the stability of the exchange rate and achieves the lowest inflation levels in the region.
As the end of 2025 approached, the Central Bank of Iraq announced that it had made tangible progress in its strategic objectives related to maintaining the stability of the general price level, as the inflation rate recorded a decrease to historically low levels that are the lowest in the region, supported by its monetary policies and well-considered measures despite the current economic challenges.
The Central Bank clarified in an official statement that the Central Bank Law No. (56) of 2004, particularly Article 1/4/A, clearly defines its core functions in formulating and implementing monetary policy, including exchange rate policy. In this context, the Bank affirmed that it has no intention of adjusting the exchange rate of the Iraqi dinar, in line with its central objective of ensuring price stability, an objective that has been successfully achieved in the past period.
The statement stressed that the central bank continues to support exchange rate stability, bolstered by ideal levels of foreign currency and gold reserves.
The Central Bank also confirmed that it continues to cover all banks’ requests for external reinforcement in US dollars and other foreign currencies such as the Chinese yuan, the Turkish lira, the Indian rupee, and the UAE dirham, as well as continuing to process bank card settlements and personal transfers through MoneyGram and Western Union, in addition to cash sales for travel purposes, noting that there is no pressure on current foreign reserves.
The statement noted that any external statements or opinions regarding changing the exchange rate of the Iraqi dinar do not reflect the position of the Central Bank, and represent speculations aimed at confusing the market, stirring up speculation, and affecting the stability of the national economy.
Central Bank of Iraq
Media Office
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