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 against the US dollar, effective Wednesday, October 7, 2026, as follows:
– Purchase price of the dollar from the Ministry of Finance: 1500 dinars per dollar.
– Selling price of the dollar to banks: 1510 dinars per dollar.
– Cash selling price of the dollar to the public: 1520 dinars per dollar.
The Central Bank of Iraq assures all citizens and economic sectors of the adequacy and strength of its foreign reserves, which guarantee the full and immediate fulfillment of all external transfer requests for trade financing, settlement of bank cards, and cash sales to travelers without any restrictions.
This positive amendment opens new and tangible horizons that directly serve the national economy and citizens by supporting domestic products and local industry, facilitating fair competition for Iraqi goods in the market against imported products, encouraging the expansion of national factories and companies, providing an attractive and stimulating investment environment for non-oil productive sectors, and creating new job opportunities that pave the way for the expansion of small and medium-sized enterprises, thus directly contributing to the employment of Iraqi youth and reducing the unemployment rate.
The Central Bank of Iraq affirms its continued commitment to taking all measures that serve the interests of the nation and its citizens and ensure the safety and stability of its financial system.
Central Bank of Iraq,
October 7, 2026
cbi.iq
