CBI INFO & IRAQI DINAR NEWS

A new exchange rate ignites Iraq… Experts warn of inflation and the expansion of the parallel market.

A new exchange rate ignites Iraq… Experts warn of inflation and the expansion of the parallel market.

2026-10-07

Shafaq News – Baghdad
The decision to adjust the exchange rate of the Iraqi dinar against the dollar, which came into effect on Wednesday, has ignited the Iraqi market, amid warnings of inflation and a widening gap between the official and parallel market prices for the US dollar.

The Central Bank of Iraq has adopted a new price for selling dollars to citizens at 1520 dinars, compared to 1510 dinars for banks and 1500 dinars for buying dollars from the Ministry of Finance, Read more…

CBI website statement: A strategic step to enhance financial stability

CBI website statement: A strategic step to enhance financial stability

October 07, 2026

As a strategic step to enhance financial stability, in line with the Central Bank of Iraq and the Federal Government’s commitment to achieving sustainable economic stability and ensuring comprehensive development, and based on joint coordination with the Council of Ministers and in accordance with the provisions of the Central Bank Law No. (56) of 2004, as amended, the Central Bank informs the public of the adjustment to the exchange rate of the Iraqi dinar Read more…

The Central Bank reassures Iraqis: The new exchange rate is a strategic step to enhance financial stability.

The Central Bank reassures Iraqis: The new exchange rate is a strategic step to enhance financial stability.

2026-10-07

Shafaq News – Baghdad
The Central Bank of Iraq described on Wednesday the decision to raise the exchange rate of the dinar against the US dollar as a “strategic step” to enhance financial stability, reassuring citizens and the economic sector of the adequacy and strength of its foreign reserves.

The Central Bank said in a statement that the exchange rate adjustment came within the framework of the bank’s and the federal government’s commitment Read more…

The rise in the dollar’s price ignites Parliament… A special session will be held tomorrow to host the Finance Ministry and the Central Bank.

The rise in the dollar’s price ignites Parliament… A special session will be held tomorrow to host the Finance Ministry and the Central Bank.

2026-10-07

Shafaq News – Baghdad
The Iraqi parliament voted on Wednesday to postpone the agenda of today’s session and turn it into a general discussion session regarding the decision to raise the exchange rate of the dollar against the Iraqi dinar, while it set a special session for tomorrow, Thursday, to host the governor of the Central Bank and the Minister of Finance to discuss the reasons for the decision and its repercussions. Read more…

The Iraqi Trade Bank begins injecting dollar liquidity to support the dinar and stabilize the market.

The Iraqi Trade Bank begins injecting dollar liquidity to support the dinar and stabilize the market.

2026-10-07

Shafaq News – Baghdad
The Trade Bank of Iraq (TBI) announced on Wednesday that it has begun its work in supporting the national currency and enhancing dollar liquidity to contribute to financial and monetary stability in the country, through continuous coordination and providing cash liquidity of foreign currency to meet market needs and finance various sectors.

The bank explained in an official statement that these steps come in light of current economic and financial Read more…

The Central Bank decides to adopt a new exchange rate for the dollar and sets its sale price to the public at 1520 dinars.

The Central Bank decides to adopt a new exchange rate for the dollar and sets its sale price to the public at 1520 dinars.

10-7-2026

The Central Bank decided today, Wednesday, to adopt a new exchange rate for the dollar, setting its selling price at 1520 dinars. According to a document issued by the Central Bank, “In reference to the Cabinet’s decision taken in its twenty-second session on October 6, 2026, which includes amending the exchange rates of the Iraqi dinar against the US dollar in a way that meets the relevant financial, economic and monetary requirements.” Read more…

Within days, the official exchange rate for US dollars will begin for travelers at Erbil and Sulaimaniyah airports.

Within days, the official exchange rate for US dollars will begin for travelers at Erbil and Sulaimaniyah airports.

2026-10-06

Shafaq News – Sulaymaniyah
On Tuesday, Ribwar Karim, a member of the Iraqi parliament representing Sulaymaniyah Governorate, announced that he had obtained approval from the Central Bank of Iraq to begin disbursing dollars to travelers at the official exchange rate at Erbil and Sulaymaniyah airports in the coming days.

Karim told Shafaq News Agency that the approval came after an official letter Read more…

Iraq ranks 28th globally in foreign currency reserves at $85 billion.

Iraq ranks 28th globally in foreign currency reserves at $85 billion.

2026-10-06

Shafaq News – Baghdad
Iraq ranked 28th globally among the countries with the largest foreign exchange reserves out of 30 countries listed in the table, with a total of about $85 billion, according to a ranking published by the Canadian website “Visual Capital East” based on the latest data from the International Monetary Fund. Read more…

Parliamentary Finance Committee: Employee salaries are secured and the Central Bank’s reserves cover the deficit.

Parliamentary Finance Committee: Employee salaries are secured and the Central Bank’s reserves cover the deficit.

10-6-2026

The Parliamentary Finance Committee confirmed on Tuesday that employee salaries are secured and that the Central Bank has a reserve sufficient to cover the deficit. The committee indicated that the economic situation is improving and that oil export and sales figures are good. Committee member Ikhlas al-Dulaimi told the official news agency that Prime Minister Ali al-Zubaidi’s intensive meetings in New York could pave the way for a breakthrough in some financial matters. Read more…

160,000 dinars to the dollar… The parallel market reasserts its authority in Iraq.

160,000 dinars to the dollar… The parallel market reasserts its authority in Iraq.

2026-10-05

Shafaq News – Baghdad
The dollar exchange rate in the parallel market in Iraq has exceeded 160,000 dinars per 100 dollars, in a scene that brings back to the forefront fears of the widening gap between the official price and the market price, coinciding with talk of the arrival of new shipments of the American currency to the country, amid questions about the ability of dollar liquidity to calm the market and curb speculation. Read more…

The parliamentary finance committee announces it is no longer required to implement the borrowing law.

The parliamentary finance committee announces it is no longer required to implement the borrowing law.

10-4-2026

The Parliamentary Finance Committee announced on Sunday that it has dispensed with the borrowing law, while indicating that there are solutions for some banks that deal in dollars. The head of the committee, Uday Awad, stated in a statement to the official agency that “the problem of banking reform is a necessity in light of the current situation, and private and government banks have not risen to the level of solving the financial crisis and have not had any contributions to solving the financial crisis,” noting that “private banks have Read more…

Central Bank: Iraq’s exports reached $19.55 billion in the first quarter of 2026

Central Bank: Iraq’s exports reached $19.55 billion in the first quarter of 2026

2026-09-23

Shafaq News – Baghdad
Preliminary data from the Central Bank of Iraq showed that the country’s exports reached $19.55 billion during the first quarter of 2026, compared to imports of $10.27 billion, including shipping and insurance costs.

According to the balance of payments table seen by Shafaq News Agency, crude oil exports amounted to Read more…

With a difference of $18.5 billion, sales at Iraq’s currency window have sharply declined since the beginning of 2026.

With a difference of $18.5 billion, sales at Iraq’s currency window have sharply declined since the beginning of 2026.

2026-09-22

Shafaq News – Baghdad
Data from the Central Bank of Iraq showed a significant decline in sales at the foreign currency buying and selling window during the first eight months of 2026, recording about $35.27 billion, compared to about Read more…

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 Read more…

During July, total deposits and cash credit in Iraqi banks declined.

During July, total deposits and cash credit in Iraqi banks declined.

2026-09-21

Shafaq News – Baghdad
Economic indicators issued by the Central Bank of Iraq showed a decline in total deposits and cash credit in Iraqi banks during July 2026.

According to data seen by Shafaq News Agency, total cash deposits in Iraqi banks amounted to 100.982 trillion dinars at the end of July 2026, compared to Read more…

Central Bank moves to lower dollar exchange rate against Iraqi dinar

Central Bank moves to lower dollar exchange rate against Iraqi dinar

2026-09-20

Alsumaria News–
An economy that has taken Central Bank of Iraq Today, Sunday, a package of new 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 stated that Central Bank of Iraq Alsumaria News reported that these measures were taken due to Read more…

An economist identifies four reasons for the dollar’s rise and calls on the central bank to take urgent measures.

An economist identifies four reasons for the dollar’s rise and calls on the central bank to take urgent measures.

9-19-2026

Information / Baghdad..
On Saturday, economist Dirgham Muhammad Ali identified the real reasons behind the new rise in the exchange rate of the dollar against the Iraqi dinar, while calling on the Central Bank to take urgent measures to control the parallel market and inject hard currency.

Mohammed Ali told Al-Maalomah News Agency that “the current rise is due to a number of direct and indirect reasons, most notably Read more…

The Central Bank of Iraq: There is no shortage of dollars, and our reserves meet market needs.

The Central Bank of Iraq: There is no shortage of dollars, and our reserves meet market needs.

2026-09-19

Shafaq News – Baghdad
The Central Bank of Iraq confirmed on Saturday that its foreign reserves are sufficient to meet all demands for foreign currency allocated to financing foreign trade and settling bank cards.

The bank stated in a statement, received by Shafaq News Agency, that it has sufficient foreign reserves to meet all demands for foreign currency related to Read more…

New assurances from Al-Taif Bank: Depositors’ funds will be disbursed “soon”.

New assurances from Al-Taif Bank: Depositors’ funds will be disbursed “soon”.

2026-09-19

Shafaq News – Baghdad
The management of Al-Taif Islamic Bank, represented by the Trustees Committee, confirmed on Saturday that the ratios will be adopted in the near future to distribute depositors’ funds according to the balances available in the accounts in order to achieve the principle of fairness in distribution.

The administration stated in a statement received by Shafaq News Agency: “The bank’s branches in all governorates will also be supplied Read more…

An economist says Iraqi politicians’ statements and speculation are behind the rise in the dollar’s price.

An economist says Iraqi politicians’ statements and speculation are behind the rise in the dollar’s price.

2026-09-17

Shafaq News – Baghdad
On Thursday, economist Ali Daadoush blamed some politicians, the state of “uncertainty,” and speculation for the rise in the exchange rate of the US dollar against the Iraqi dinar.

Daadoush told Shafaq News Agency that the “irresponsible” statements of some politicians and non-experts directly affect local markets, especially the Read more…