CBI INFO & IRAQI DINAR NEWS

State-owned banks begin selling dollars to travelers at the new ceiling.

State-owned banks begin selling dollars to travelers at the new ceiling.

2026-07-09

Shafaq News – Baghdad
On Thursday, Iraqi state-owned banks began implementing the Central Bank’s instructions regarding the sale of dollars to travelers, after reducing the sales ceiling to $2,000 instead of $3,000.

An informed source told Shafaq News Agency that the mechanism for selling dollars to travelers begins with the citizen depositing the required amount in Iraqi dinars at the branches of approved banks, and then receiving Read more…

As confirmed by Shafaq News, the Central Bank reduces the dollar allocation for travelers.

As confirmed by Shafaq News, the Central Bank reduces the dollar allocation for travelers.

2026-07-08

Shafaq News – Baghdad
On Wednesday, the Central Bank of Iraq issued new regulatory instructions regarding the mechanism for meeting the demand for foreign currency for citizens traveling outside Iraq.

The bank stated in a statement received by Shafaq News Agency that the new instructions included setting a ceiling for the cash quota for an adult traveler at (2000) US dollars per month, instead of (3000) dollars, within the framework of developing the management of foreign exchange sales operations, enhancing the efficiency Read more…

The Central Bank of Iraq reduces the dollar quota for travelers to $2,000.

The Central Bank of Iraq reduces the dollar quota for travelers to $2,000.

2026-07-07

Shafaq News – Baghdad
An informed source revealed on Tuesday morning that the Central Bank of Iraq has issued new directives to reduce the share of foreign currency (dollars) for travelers to $2,000 instead of $3,000, as part of the approved mechanism to meet travel requests.

The source told Shafaq News Agency that the decision will include Iraqi citizens departing through all airports and border crossings, whether they are heading for tourism, medical treatment, study, performing Hajj and Umrah rituals, as well as business trips. Read more…

Economic analysis: Reduction in the traveler’s dollar rate pushes Iraqis to the black market

Economic analysis: Reduction in the traveler’s dollar rate pushes Iraqis to the black market

2026-07-07

Shafaq News – Baghdad
Economic expert Mohammed Al-Hassani suggested on Tuesday that the decision by the Central Bank of Iraq to reduce the amount allocated for air travelers from $3,000 to $2,000 will lead to an increase in demand for dollars in the parallel market during the first phase, with some travelers resorting to buying the remaining amount from local markets.

Al-Hassani told Shafaq News Agency that reducing cash allowances will push a segment of travelers who need larger sums to cover travel expenses to compensate for the difference by buying dollars from Read more…

Shafaq News deciphers the “code” of the biggest threat to the Iraqi dinar

Shafaq News deciphers the “code” of the biggest threat to the Iraqi dinar

2026-07-07

Shafaq News – Baghdad
The Iraqi citizen may not directly feel the rise or fall of the Central Bank’s foreign currency reserves, but he feels its effects in the dollar exchange rate, commodity prices, the purchasing power of the dinar, and even in the state’s ability to cope with economic crises.

Foreign reserves are considered the “first line of defense” for the Iraqi economy, as they give the central bank the ability to protect the dinar’s exchange rate, finance import operations, and Read more…

The Integrity Commission and the Central Bank agree to uncover corruption crime networks and eliminate money laundering channels.

The Integrity Commission and the Central Bank agree to uncover corruption crime networks and eliminate money laundering channels.

7-2-2026

Baghdad-Mail
The head of the Federal Integrity Commission, Mohammed Ali Al-Lami, agreed today, Thursday, with the governor of the Central Bank, Nizar Nasser Hussein, to dry up the avenues for smuggling money .

The commission said in a statement received by Mail that “the head of the Federal Integrity Commission, Muhammad Ali Al-Lami, stressed during his meeting with the governor of the Central Bank, Nizar Nasser Hussein, the importance of adopting parallel financial Read more…

Central Bank of Iraq: Domestic currency issued rose to 112.9 trillion dinars by the end of April

Central Bank of Iraq: Domestic currency issued rose to 112.9 trillion dinars by the end of April

2026-07-02

Shafaq News – Baghdad
Data from the Central Bank of Iraq, released on Thursday, showed that the volume of currency issued in the country rose to 112.896 trillion dinars from the beginning of 2025 until April 2026.

According to data seen by Shafaq News Agency, the total currency issued during the past year amounted to 99.799 trillion dinars, and 13.097 trillion dinars were added to it during the first four months of this year.

The net currency traded outside banks rose to Read more…

How did the “bundles of money” end up in the hands of corrupt officials? A financial expert explains.

How did the “bundles of money” end up in the hands of corrupt officials? A financial expert explains.

2026-07-01

Shafaq News – Baghdad
Financial expert and former director at the Central Bank of Iraq, Mahmoud Dagher, confirmed on Wednesday that the arrival of new money packages (in both dinars and dollars) in the hands of corrupt individuals does not mean that there is an illegal channel within the Central Bank, attributing this to the natural cycle of cash movement between the Central Bank, banks, and their clients.

Dagher told Shafaq News Agency that the Central Bank provides banks with new banknotes, which in turn distribute Read more…

Deposits and credit declined in Iraqi banks during 2026

Deposits and credit declined in Iraqi banks during 2026

2026-06-29

Shafaq News – Baghdad
Data from the Central Bank of Iraq showed a decline in total deposits and credit in the banking sector during the first four months of 2026.

According to bank data seen by Shafaq News Agency, total deposits in the banking sector decreased during the first four months to 104.727 trillion dinars by the end of April 2026, compared to 111.065 trillion dinars at the end of 2025, a decrease of 6.338 trillion dinars.

According to the data, central government deposits decreased to Read more…

Iraq’s foreign reserves decline to $97.8 billion

Iraq’s foreign reserves decline to $97.8 billion

2026-06-28

Shafaq News – Baghdad
The Central Bank of Iraq’s foreign reserves declined to $97.809 billion by the end of April 2026, while gold reserves amounted to 33.925 trillion dinars, according to Central Bank data.

Data from the Central Bank of Iraq, reviewed by Shafaq News Agency, showed that foreign reserves fell from $100.341 billion in March to $97.809 billion in April, while gold reserves declined slightly Read more…

Salmaniya Currency Market: Rumors behind dollar fluctuations… we expect it to decline this week

Salmaniya Currency Market: Rumors behind dollar fluctuations… we expect it to decline this week

2026-06-27

Shafaq News – Sulaymaniyah
The spokesman for the dollar market in Sulaymaniyah, Jabbar Goran, confirmed on Saturday that the fluctuation in the value of the Iraqi dinar against the dollar during the past few days was a result of the circulation of incorrect rumors, while he expected the exchange rate of the dinar to improve during the current week.

Goran told Shafaq News Agency that “the instability in the exchange rate of the dinar against the dollar was due to the spread of some inaccurate rumors, but the Central Bank of Iraq Read more…

Iraq reduces its dollar sales by 36% during the first five months of 2026

Iraq reduces its dollar sales by 36% during the first five months of 2026

2026-06-25

Shafaq News – Baghdad
The Central Bank of Iraq’s sales of foreign currency declined by 36% during the first five months of 2026, reaching $22.531 billion, compared to $35.201 billion during the same period in 2025.

Data from the Central Bank of Iraq, reviewed by Shafaq News Agency, showed that the bank’s sales during the period from January to May 2026 were distributed as follows: Read more…

The Central Bank Governor emphasizes the importance of implementing the banking reform plan in accordance with international standards.

The Central Bank Governor emphasizes the importance of implementing the banking reform plan in accordance with international standards.

6-24-2026

Central Bank Governor Nizar Nasser stressed on Wednesday the importance of implementing the banking reform plan in accordance with international standards.

The bank stated in a statement that “the Governor of the Central Bank of Iraq, Nizar Nasser Hussein, received the Chargé d’Affaires of the US Embassy in Iraq, Joshua Harris, who congratulated the Governor on assuming the position.”

The statement continued, “During the meeting, prospects for strengthening the strategic partnership and common Read more…

Iraq’s domestic debt rises to 95.7 trillion dinars, while its external debt declines.

Iraq’s domestic debt rises to 95.7 trillion dinars, while its external debt declines.

2026-06-24

Shafaq News – Baghdad
Data from the Central Bank of Iraq, released on Wednesday, showed that domestic public debt rose to 95.7 trillion dinars by the end of April 2026, while external debt saw a decline on an annual basis.

According to bank data, which was reviewed by Shafaq News Agency, domestic public debt rose to 95.679 trillion dinars by the end of April of this year, compared to 90.515 trillion dinars recorded Read more…

Financial advisor: Domestic borrowing will not affect the Central Bank’s reserves, and there is no intention to increase taxes.

Financial advisor: Domestic borrowing will not affect the Central Bank’s reserves, and there is no intention to increase taxes.

6-23-2026

Information / Baghdad…
Financial advisor Mohammed Mazhar Mohammed Saleh confirmed on Tuesday that the government’s move towards domestic borrowing instead of external borrowing will not affect the Central Bank’s foreign currency reserves, denying that the state will resort to imposing new taxes to overcome the financial crisis.
Saleh told Al-Maalouma, “The decision not to resort to external borrowing will proceed in two directions. The first relies on treasury transfers and the issuance of bank bonds, which Read more…

Beware, Al-Zaydi government and its central bank, of manipulating the dinar’s exchange rate.

Beware, Al-Zaydi government and its central bank, of manipulating the dinar’s exchange rate.

2026-06-23 05:03

Dr. Shwan Zangana
Iraq is suffering from a significant decline in its oil and non-oil revenues due to the decline in oil prices and the economic recession that has put pressure on non-oil revenues. The revenue crisis has worsened since the beginning of this year and the region’s entry into a heated conflict, especially after the closure of the Strait of Hormuz and the drop in oil exports to their lowest levels.

The previous Sudanese government designed the general budget based on an approximate annual deficit of 24 trillion Iraqi dinars. When Al-Zidi took over the premiership, he found this large deficit in his lap, and he had to deal with it through fiscal and monetary policy tools. It seems that many tools were proposed, but the most dangerous of them for the Iraqi economy is manipulating the exchange rate, especially since Read more…

The Central Bank Governor assumes his duties and reviews the bank’s operations.

The Central Bank Governor assumes his duties and reviews the bank’s operations.

2026/06/22

The new Governor of the Central Bank of Iraq, Nizar Nasser, began his official duties today, Monday, accompanied by the former Governor, Ali Mohsen Al-Alaq, while he conducted a field tour of the various offices and departments of the bank to review the progress of work.
The Central Bank’s media office stated in a statement received by Al-Furat News that “Nizar Nasser was accompanied during the tour by former governor Ali Mohsen Al-Alaq, where they were briefed on the nature of the tasks and Read more…

Al-Zidi oversees the handover ceremony for the Central Bank and appoints Al-Alaq as an “advisor”.

Al-Zidi oversees the handover ceremony for the Central Bank and appoints Al-Alaq as an “advisor”.

2026-06-21

Shafaq News – Baghdad
On Sunday, Prime Minister Ali Faleh al-Zaidi oversaw the handover ceremony between the new Central Bank Governor, Nizar Nasser Hussein, and the former governor, Ali Mohsen al-Alaq .

The Prime Minister’s Media Office said in a statement received by Shafaq News Agency that “Al-Zidi stressed the importance of proceeding with banking reform programs, which contribute to achieving financial stability and provide a suitable economic and investment Read more…

Ali Al-Alaq was relieved of his position as Governor of the Central Bank and Nizar Nasser was appointed in his place.

Ali Al-Alaq was relieved of his position as Governor of the Central Bank and Nizar Nasser was appointed in his place.

6-18-2026

An informed source reported on Thursday (June 18, 2026) that the Governor of the Central Bank of Iraq, Ali Al-Alaq, was relieved of his post, and Nizar Nasser was assigned to manage the Central Bank in his place.

The source said that “Nizar Nasser has been assigned to manage the Central Bank,” noting that “this came after the dismissal of the Governor of the Central Bank of Iraq, Ali Al-Alaq, from his position.”

He added that “the decision to dismiss and appoint the new governor has come into effect,” indicating that Read more…

Urgent: Source for Al-Furat News: Nizar Nasser appointed as Governor of the Central Bank

Urgent: Source for Al-Furat News: Nizar Nasser appointed as Governor of the Central Bank

2026/06/18

An informed source revealed today, Thursday, that Nizar Nasser has been assigned the position of Governor of the Central Bank of Iraq. Read more…