Economic Observatory: Government silence regarding “currency change” is confusing the Iraqi dinar market
Economic Observatory: Government silence regarding “currency change” is confusing the Iraqi dinar market
2026-08-16
Shafaq News – Baghdad
On Sunday, the Economic Observatory of Iraq criticized the confusion in the government’s discourse, which is represented in announcing sensitive economic and monetary decisions, such as changing the currency, through unqualified entities, amid the silence of the Central Bank of Iraq and the Ministry of Finance.
The observatory stated in a statement received by Shafaq News Agency that “managing a file as large as the national currency through scattered statements, instead of clear official conferences and statements issued by the competent monetary and financial authorities, reflects a weakness in government coordination,” explaining that “such confusion opens the door to rumors, speculation, market disruption, and harm to citizens and the country.”
The observatory warned that “this ambiguity affects the economic security of citizens and may affect their confidence in the national currency and increase the demand for foreign currencies and gold, thus exacerbating the state of anxiety in the market.”
Eco Iraq held the Central Bank and the Ministry of Finance “responsible for clarifying the truth about the decision and any confusion in the Iraqi market resulting from their silence,” demanding that the competent authorities “issue an official statement explaining the reasons for changing the currency, the implementation mechanisms, the timetable, and guarantees to protect citizens’ savings and market stability.”
shafaq.com
