CBI INFO & IRAQI DINAR NEWS

The Central Bank denies raising the dollar exchange rate.

The Central Bank denies raising the dollar exchange rate.

6-17-2026

The Central Bank of Iraq denied on Wednesday any intention to change the exchange rate of the US dollar.
In a statement received by Al-Maalomah News Agency, the bank categorically denied “the circulating news regarding any intention to amend the exchange rate of the Iraqi dinar.”
It warned against “circulating misleading news,” revealing that it had “detected a forged document circulating that claims a request was submitted Read more…

Financial expert: Expectations of a dinar devaluation are driving increased demand for the dollar and fueling speculation.

Financial expert: Expectations of a dinar devaluation are driving increased demand for the dollar and fueling speculation.

2026-06-17

Shafaq News – Baghdad
Financial expert and former Director General of the Central Bank of Iraq, Mahmoud Dagher, revealed on Wednesday that expectations of a reduction in the value of the Iraqi dinar in light of the economic situation and existing debts are driving an increase in demand for the dollar and a rise in its price in the local market.

Dagher added, in an interview with Shafaq News Agency, that statements and leaks related to the work of the Central Bank or the possibility of changing the exchange rate contribute to Read more…

Central bank reserves declined during the second quarter of 2026

Central bank reserves declined during the second quarter of 2026

2026-06-17

Shafaq News – Baghdad
Recent official data from the Central Bank showed a decline in the bank’s foreign reserves during the second quarter of this year.

According to data seen by Shafaq News Agency, the reserve amounted to about 118.947 trillion dinars on May 28, compared to 120.675 trillion dinars on May 21, a decrease of 1.728 trillion dinars, or 1.43%, indicating a continued Read more…

Economist: Printing new paper currency to address the financial deficit is illegal

Economist: Printing new paper currency to address the financial deficit is illegal

6-15-2026

Al-Maalomah/Anbar…
Economic expert Rashid al-Saadi revealed on Monday that the Central Bank’s printing of new banknotes to address the financial deficit is illegal and requires new legislation.
Al-Saadi told Al-Maalomah News Agency, “The Central Bank cannot print new banknotes to address the country’s financial deficit. Its role, according to current law, is limited to printing replacement currency for torn and worn banknotes, as well as compensating for internal Read more…

Al-Mashhadani: No new currency will be printed, and liquidity is linked to dollar imports.

Al-Mashhadani: No new currency will be printed, and liquidity is linked to dollar imports.

2026/06/08

Economic expert Abdul Rahman Al-Mashhadani said that there is no printing of new currency, explaining that the Central Bank finances the government’s need for dinars within a financial mechanism that depends on the availability of dollars in the treasury.

Al-Mashhadani explained in a statement to Al-Furat News Agency that: “There is a three-way cycle that manages the movement of liquidity in the country, based on the government selling oil in dollars and transferring it to the Central Bank to finance the salaries of employees in Iraqi dinars, while the Central Bank works to sell dollars to traders to cover imports, Read more…

An economist says Iraq’s reserves are capable of supporting the dinar despite the risks.

An economist says Iraq’s reserves are capable of supporting the dinar despite the risks.

6-8-2026

Information/Baghdad…
Economic expert Safwan Qusay warned against devaluing the Iraqi dinar against the dollar, coinciding with the ongoing conflict in the region.
Qusay told Al-Maalouma, “The Central Bank possesses dollar reserves exceeding $90 billion, along with more than 170 tons of gold, enabling it to maintain the current exchange rate.”
He added, “If the Strait of Hormuz remains closed due to the regional war and its continuous escalation, without accountability for those responsible for this closure, which has Read more…

“An explanation that needs further explanation”… An economic expert: The Central Bank of Iraq’s statement on the currency did not answer the questions.

“An explanation that needs further explanation”… An economic expert: The Central Bank of Iraq’s statement on the currency did not answer the questions.

2026-06-08

Shafaq News – Baghdad
On Monday, economist Manar Al-Obaidi stated that the latest clarification issued by the Central Bank of Iraq lacked answers to many questions regarding the effects of its measures on the monetary and economic reality, demanding that it publish detailed data on the treasury transfer portfolio and its impact on the monetary base.

Al-Obaidi, commenting on the Central Bank’s statement issued on June 7, 2026, said that he agrees with the technical distinction between “discounting treasury transfers” and “printing currency,” but the discussion should Read more…

The Central Bank of Iraq issues a clarification regarding the “printing of 25 trillion dinars” to provide salaries.

The Central Bank of Iraq issues a clarification regarding the “printing of 25 trillion dinars” to provide salaries.

2026-06-07

Shafaq News – Baghdad
On Sunday, the Central Bank of Iraq issued a clarification regarding what is being circulated about the printing of currency and financing public expenditures, following statements by Foreign Minister Fuad Hussein indicating that 25 trillion dinars had been printed to address the financial crisis and provide salaries.

The Central Bank of Iraq explained in a statement received by Shafaq News Agency that “there is a fundamental and important difference between ‘discounting treasury bills’ and ‘printing currency’ on both the technical and economic Read more…

Between government denial and confirmation… what is happening with the printing of local currency?

Between government denial and confirmation… what is happening with the printing of local currency?

6-7-2026

Information/Report…
Economic warnings continue in Iraq regarding the dangers of resorting to printing local currency as a solution to address the financial deficit or secure salaries and operational expenses. This comes at a time when the issue is witnessing governmental debate regarding whether or not to implement new currency printing operations.
Economic experts emphasize that expanding currency issuance without backing from genuine production growth or an increase in foreign reserves and gold will lead to higher inflation rates and erode the purchasing power of the Iraqi dinar, in addition to Read more…

“The bank didn’t announce it”: Hussein reveals the printing of 25 trillion Iraqi dinars and warns of a catastrophe.

“The bank didn’t announce it”: Hussein reveals the printing of 25 trillion Iraqi dinars and warns of a catastrophe.

2026-06-07

Shafaq News – Baghdad
Iraqi Foreign Minister Fuad Hussein revealed on Saturday that the government has resorted to printing 25 trillion dinars to address the financial crisis, warning that the continuation of the current situation could lead to a “financial catastrophe” in the country, given the decline in revenues related to oil exports.

Hussein said in an interview on the Iraqi channel “Al-Sharqiya” that the continued closure of the Strait of Hormuz threatens to create a severe economic crisis in Iraq, stressing that this matter may affect the government’s ability Read more…

“The gap is widening”… Why do Iraqis prefer money exchange over banks?

“The gap is widening”… Why do Iraqis prefer money exchange over banks?

2026-05-31

Shafaq News – Baghdad
Money exchange and transfer offices in Iraq have witnessed a remarkable expansion in recent years, as a wide segment of citizens and merchants continue to rely on them to carry out their daily financial transactions, in contrast to a relative decline in reliance on government banks for a number of financial services.

According to experts, this expansion reflects a continuing gap between the citizen and the official banking system, related to the speed of completing transactions and ease of access to services, compared to traditional banking Read more…

Government advisor: The dollar is the basis of Iraq’s cash reserves.

Government advisor: The dollar is the basis of Iraq’s cash reserves.

2026-05-26

Shafaq News – Baghdad
On Tuesday, Mazhar Mohammed Saleh, the financial advisor to the Iraqi Prime Minister, stated that diversifying Iraq’s foreign reserves within a balanced investment portfolio represents a strategic monetary policy aimed at enhancing financial stability and reducing the risks associated with relying on a single asset or currency.

Saleh told Shafaq News Agency that the management of foreign reserves at the Central Bank of Iraq is based on liquidity, security and return standards, explaining that the philosophy of managing Read more…

Economists warn against printing money: it threatens the value of the Iraqi dinar.

Economists warn against printing money: it threatens the value of the Iraqi dinar.

5-25-2026

Information / Report..
Recently, there has been talk about a government trend towards studying the option of printing currency to ensure the availability of financial liquidity in banks and to secure the needs of the budget, primarily the salaries of employees and social assistance, in light of increasing financial pressures.

The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, explained in a statement to Al-Maalouma that “the Central Bank is adopting several tools to support liquidity, including the policy of quantitative easing and issuing currency within precise controls Read more…

Denying the printing of currency, a financial advisor reassures the public about Iraq’s cash reserves.

Denying the printing of currency, a financial advisor reassures the public about Iraq’s cash reserves.

5-25-2026

The Information Agency / Baghdad…
The financial advisor to the Council of Ministers, Mazhar Muhammad Salih, denied on Monday the circulating reports regarding the Central Bank of Iraq printing local currency outside of regulations, stressing that this process is subject to legal mechanisms and strict financial backing.
Salih told the Information Agency, “The talk circulating among the Iraqi public about the Central Bank printing local currency is completely unfounded,” explaining that “the currency printing process is governed by two legal mechanisms: the first Read more…

Central Bank Governor: No change in the exchange rate and employee salaries are guaranteed

Central Bank Governor: No change in the exchange rate and employee salaries are guaranteed

2026-05-20

The governor of the Central Bank, Ali Al-Alaq, confirmed on Tuesday that there is no intention to make a change to the exchange rate of the dollar against the Iraqi dinar.

Al-Alaq said in a brief statement published by the official newspaper Al-Sabah that “there is no intention Read more…

Central Bank of Iraq: Trade surplus in 2025 reached $24 billion

Central Bank of Iraq: Trade surplus in 2025 reached $24 billion

2026-05-18

Shafaq News – Baghdad
Data released by the Central Bank of Iraq on Monday showed that Iraq achieved a trade surplus of approximately $24.686 billion during 2025, driven by a higher value of exports compared to imports.

According to foreign trade data calculated on an FOB basis, which was reviewed by Shafaq News Agency, total Iraqi exports during Read more…

The government faces a choice between two bitter options: borrowing from friends or turning to the World Bank to cover expenses.

The government faces a choice between two bitter options: borrowing from friends or turning to the World Bank to cover expenses.

5-17-2026

Information/Baghdad…
It appears that the state treasury is no longer full of money, but rather empty and unable to secure the expenses needed by the country with all its facilities and the requirements of its beneficiaries from various segments. This pushes the government towards solutions that may be bitter, by resorting to the World Bank, at a time when the government has the ability to turn to the international Read more…

In numbers… Iraq continues to bleed its foreign currency reserves amid declining oil revenues

In numbers… Iraq continues to bleed its foreign currency reserves amid declining oil revenues

2026-05-17

Shafaq News – Baghdad
Recent financial data released by the Central Bank of Iraq on Sunday revealed a significant decline in the country’s foreign currency reserves, amid official and academic warnings of continued low oil revenues due to the security turmoil affecting energy supply chains in the region.

According to the Central Bank’s newly released official financial indicators, Read more…

An economist confirms the possibility of resorting to the central bank’s reserves to compensate for the deficit.

An economist confirms the possibility of resorting to the central bank’s reserves to compensate for the deficit.

5-15-2026

Information/Baghdad…
Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the Central Bank of Iraq’s cash reserves, which exceed $90 billion, while simultaneously warning of the potential for inflation within Iraq.
Qusay told Al-Maalouma, “The Central Bank of Iraq’s reserves amount to $90 billion, in addition to 170 tons of gold. If borrowing from these Read more…

Central Bank: We are continuing to reform the banking sector and call for reliance on official sources.

Central Bank: We are continuing to reform the banking sector and call for reliance on official sources.

2026-05-13

The Central Bank of Iraq confirmed on Tuesday (May 12, 2026) the continuation of the implementation of the banking sector reform program, within its strategic vision aimed at strengthening the resilience of the financial system and developing the efficiency of banking institutions in accordance with best practices and international standards, calling for reliance on official sources Read more…