The Central Bank of Iraq: There is no shortage of dollars, and our reserves meet market needs.
The Central Bank of Iraq: There is no shortage of dollars, and our reserves meet market needs.
2026-09-19
Shafaq News – Baghdad
The Central Bank of Iraq confirmed on Saturday that its foreign reserves are sufficient to meet all demands for foreign currency allocated to financing foreign trade and settling bank cards.
The bank stated in a statement, received by Shafaq News Agency, that it has sufficient foreign reserves to meet all demands for foreign currency related to financing foreign trade, settling bank cards, and travelers’ requests for cash dollars at the approved official exchange rate.
He added that “the rise in the exchange rate in local markets is due to market speculation and expectations, and the misuse of geopolitical conditions in the region to disrupt the economic and financial situation by some beneficiaries of this situation.”
The Central Bank indicated, according to the statement, that it will continue to finance foreign trade according to the approved purposes and channels, in order to ensure the smooth flow of imports and to meet the needs of the local market.
The bank called on citizens to rely exclusively on official information and data issued by it, and not to be swayed by news or information circulating through unreliable sources.
Earlier today, data from the Central Bank of Iraq showed that the bank’s foreign reserves fell to $80.633 billion at the end of July 2026, compared to $86.175 billion at the end of June, and $97.432 billion at the end of 2025.
Local markets in Iraq have witnessed a significant rise in the dollar exchange rate in recent days, with the price of 100 dollars jumping to about 160,000 dinars, amid fears of continued price increases and their impact on market activity.
The “Eco Iraq” economic monitoring observatory observed on Saturday a rapid rise in the exchange rate of the dollar in the parallel market against the Iraqi dinar, noting that the current rise is due to several factors, including fears of possible American sanctions against Iraq.
shafaq.com
