CBI INFO & IRAQI DINAR NEWS

Central Bank: Fees imposed on currency damaged due to negligence

Central Bank: Fees imposed on currency damaged due to negligence

10-19-2026

The Central Bank of Iraq announced on Monday fees for currency damaged due to neglect.

The bank’s media director, Haider Ghazi, told the official agency that “requests to replace damaged currency are received directly through banks, as any citizen can visit the bank to deposit the damaged cash amounts.”

He explained that “some banks do not accept damaged currency, which has Read more…

Government advisor: The success of the damaged currency exchange platform depends on ease of use and speed of completion.

Government advisor: The success of the damaged currency exchange platform depends on ease of use and speed of completion.

10-19-2026

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, stated on Monday that the Central Bank of Iraq’s decision to establish an electronic system for replacing damaged currency is a positive and important step towards modernizing banking services, simplifying procedures, reducing bureaucracy, and enhancing transparency and efficiency in providing services to citizens. Salih told Al-Maalomah News Agency that “the decision reflects a trend towards employing technology in developing institutional work, which Read more…

How did the central bank’s policies turn into a knife in the side of local markets and citizens?

How did the central bank’s policies turn into a knife in the side of local markets and citizens?

10-18-2026

Information / Report…
Iraqi wholesale markets are facing an unprecedented state of paralysis and economic stagnation, following a mass reluctance among merchants to sell their goods due to the opaque and unclear monetary policies pursued by the Central Bank of Iraq.
These ineffective measures have not only dried up local cash liquidity by reducing the daily injection of funds into the market to a mere $3 million while diverting hundreds of millions abroad, but have also opened the floodgates for parallel market Read more…

The Central Bank of Iraq introduces a new electronic system for replacing damaged currency.

The Central Bank of Iraq introduces a new electronic system for replacing damaged currency.

2026-10-18

Shafaq News – Baghdad
The Central Bank of Iraq announced on Sunday the introduction of a new electronic system for replacing damaged currency, as part of its efforts to simplify procedures and make it easier for citizens to access this service more quickly and efficiently.

The bank explained in an official statement that the system allows citizens to submit requests to replace damaged currency electronically via the “Aur” platform, by entering and confirming Read more…

Central Bank raises allocations for purchasing housing units to 3 trillion dinars

Central Bank raises allocations for purchasing housing units to 3 trillion dinars

2026-10-18

Shafaq News – Baghdad
On Sunday, the Central Bank of Iraq decided to increase financial allocations to support the housing sector to 3 trillion dinars, with the aim of meeting the demands of citizens wishing to purchase housing units within residential complexes.

According to a document issued by the Central Bank Read more…

Development: We are ready to cooperate with the Central Bank of Iraq and the US Treasury and clarify the facts.

Development: We are ready to cooperate with the Central Bank of Iraq and the US Treasury and clarify the facts.

10-17-2026

Baghdad-Mail
In light of the statement issued by the US Treasury Department on October 15, 2026, and the accusations it contained against the International Development Bank for Investment and Finance, the bank’s management affirms that it is dealing with this development with the utmost seriousness, responsibility, and transparency.

Throughout its years of operation, the International Development Bank has Read more…

The Central Bank of Iraq announces a new mechanism for granting dollars to travelers.

The Central Bank of Iraq announces a new mechanism for granting dollars to travelers.

2026-10-15

Shafaq News – Baghdad
The Central Bank of Iraq announced on Thursday the implementation of a new regulatory mechanism to grant travelers the amount allocated to them, which is (2000) US dollars every two months, and at a maximum of (6) times per year.

The bank confirmed in a statement Read more…

Counterfeit money threatens the pockets of Iraqis… and the Central Bank explains its procedures.

Counterfeit money threatens the pockets of Iraqis… and the Central Bank explains its procedures.

2026-10-15

Shafaq News – Baghdad
News of counterfeit Iraqi banknotes being seized at border crossings, and warnings about the circulation of quantities of them in local markets, have raised concerns about citizens and traders being exposed to financial losses, amid economic warnings about the repercussions of the spread of counterfeit currency on the movement of commercial transactions and confidence in the currency in circulation. Read more…

Tools to control the exchange rate of the US dollar against the Iraqi dinar and reduce inflation

Tools to control the exchange rate of the US dollar against the Iraqi dinar and reduce inflation

2026-10-13

Shafaq News – Baghdad
The Prime Minister’s financial and economic advisor, Mazhar Muhammad Salih, confirmed on Tuesday that controlling the exchange rate and maintaining its stability came through integrated coordination between monetary, financial and trade policies, while he pointed out that addressing inflation requires integrated measures to protect the purchasing power of the citizen. Read more…

Central Bank of Iraq: Adjusting the exchange rate was the best solution to protect foreign reserves

Central Bank of Iraq: Adjusting the exchange rate was the best solution to protect foreign reserves

2026-10-13

Shafaq News – Erbil
The Director General of the Statistics and Research Department at the Central Bank of Iraq, Samir Fakhri Naama, described on Tuesday the decision to adjust the exchange rate of the US dollar against the dinar as the “ideal” solution to preserve the country’s foreign reserves and to confront the “shock” of declining revenues resulting from the crisis in the Strait of Hormuz and its surroundings, stressing that the impact of this adjustment on inflation remains much less than the consequences of devaluing the currency. Read more…

The Central Bank reassures Iraqis: Our foreign reserves cover imports for a full year.

The Central Bank reassures Iraqis: Our foreign reserves cover imports for a full year.

2026-10-13

Shafaq News – Erbil
The Director General of the Statistics and Research Department at the Central Bank of Iraq, Samir Fakhri Naama, announced on Tuesday that the bank’s foreign currency reserves are in a “comfortable position” and can cover the import bill for a full year, revealing that monthly government spending ranges between 9 and 10 trillion dinars, and that the recent rise in oil exports has eased the financial pressure. Read more…

Central Bank: Our responsibility is to maintain the value of the dinar against foreign currencies

Central Bank: Our responsibility is to maintain the value of the dinar against foreign currencies

10-13-2026

The Central Bank of Iraq confirmed on Tuesday that its mission is currently limited to maintaining the value of the Iraqi dinar against foreign currencies. Samir Fakhri, the representative of the Governor of the Central Bank of Iraq, stated at the Middle East Research and Peace Forum (MERI), held in Erbil, that “the issue of the exchange rate and its relative importance differs from one country to another,” explaining that “the exchange rate is important for Iraq, Read more…

Central Bank: Electronic payment cards operate at the official approved rate to meet the needs of citizens abroad

Central Bank: Electronic payment cards operate at the official approved rate to meet the needs of citizens abroad

10-12-2026

The Central Bank of Iraq confirmed on Monday that electronic payment cards operate at the official approved rate to meet the needs of citizens abroad. A statement from the bank said that “what was circulated by one of the news agencies, quoting an unknown source, claiming that (the bank returned amounts worth 600 billion dinars because it did not adopt the previous rate of 1320 dinars per dollar, but rather demanded Read more…

Following the adjustment of the official exchange rate, the dollar is fluctuating around 163,000 dinars in Iraqi markets.

Following the adjustment of the official exchange rate, the dollar is fluctuating around 163,000 dinars in Iraqi markets.

2026-10-10

Shafaq News – Baghdad / Erbil
The exchange rate of the US dollar recorded a decline in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Saturday morning, as trading began at the start of the week, coinciding with the implementation of the new dollar selling rate by the Central Bank of Iraq.

A Shafaq News Agency correspondent said that the dollar prices fell in the Al-Kifah and Al-Harithiya exchanges in Baghdad to 163,600 Iraqi dinars per 100 dollars, compared to Read more…

The Central Bank calls on merchants to visit their banks to execute outstanding transfers before October 7th.

The Central Bank calls on merchants to visit their banks to execute outstanding transfers before October 7th.

10-10-2026

The Central Bank of Iraq called on Saturday for companies and traders whose import financing transfers were due for execution before 7/10/2026 to review their banks and ensure their execution. The bank stated in a statement that “the Central Bank of Iraq is monitoring banking operations carried out before and after the exchange rate adjustment and is verifying banks’ compliance Read more…

Al-Awadi: Raising the dollar exchange rate is a stopgap solution, and we call on the government to diversify sources of income.

Al-Awadi: Raising the dollar exchange rate is a stopgap solution, and we call on the government to diversify sources of income.

10-8-2026

Information/Baghdad…
MP Saad Al-Awadi criticized on Thursday the decision of the Central Bank of Iraq to raise the exchange rate of the dollar, calling on the government to immediately stop these measures and subject the financial file to a thorough and serious study that seeks real solutions to the banking crisis.

Al-Awadi told Al-Maalouma News Agency that “resorting to adjusting and raising the exchange rate represents a patchwork policy that is ineffective Read more…

Parliament cancels “dollar session” and settles for a meeting with the Minister of Finance and the Governor of the Central Bank

Parliament cancels “dollar session” and settles for a meeting with the Minister of Finance and the Governor of the Central Bank

2026-10-08

Shafaq News – Baghdad
A parliamentary source reported on Thursday that the Speaker of Parliament decided to cancel the parliamentary session scheduled for today, which was to include hosting Finance Minister Faleh Sari and Central Bank Governor Nizar Nasser Hussein to discuss the repercussions of the decision to raise the exchange rate of the dollar against the Iraqi dinar. Read more…

The Central Bank Governor tells Parliament: The new exchange rate is fixed and can never be changed.

The Central Bank Governor tells Parliament: The new exchange rate is fixed and can never be changed.

2026-10-08

Shafaq News – Baghdad
A parliamentary source reported on Thursday that the governor of the Central Bank informed members of the parliamentary finance committee that the exchange rate of the dollar would remain fixed at 1,500 dinars, stressing that it could not be changed.

The source told Shafaq News Agency that the Central Bank Governor explained to the committee members that any change in the dollar exchange rate within the general budget law would lead to Read more…

New clarification from the Central Bank regarding the adjustment of the dollar exchange rate.

New clarification from the Central Bank regarding the adjustment of the dollar exchange rate.

10-7-2026

The Central Bank of Iraq clarified on Wednesday that the adjustment of the dollar exchange rate comes within a package of economic and financial reforms, stressing that the monetary situation is reassuring and that foreign reserves are at comfortable levels that allow it to meet the demand for foreign currency to finance foreign trade.

He said that “the exchange rate channel is important for the Iraqi economy, Read more…

The Central Bank of Iraq reassures currency traders: No prosecution or arrest without a court order.

The Central Bank of Iraq reassures currency traders: No prosecution or arrest without a court order.

2026-10-07

Shafaq News – Baghdad
An official source at the Central Bank of Iraq stated on Wednesday that the bank represents the exclusive authority entrusted with “supervision, monitoring and regulation” of banking and non-banking financial institutions in the country.

The source told Shafaq News Agency that the role of the security services is limited to executive coordination to enforce rulings and laws, in accordance with official Read more…