CBI INFO & IRAQI DINAR NEWS

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…

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…