The Iraqi Trade Bank begins injecting dollar liquidity to support the dinar and stabilize the market.
The Iraqi Trade Bank begins injecting dollar liquidity to support the dinar and stabilize the market.
2026-10-07
Shafaq News – Baghdad
The Trade Bank of Iraq (TBI) announced on Wednesday that it has begun its work in supporting the national currency and enhancing dollar liquidity to contribute to financial and monetary stability in the country, through continuous coordination and providing cash liquidity of foreign currency to meet market needs and finance various sectors.
The bank explained in an official statement that these steps come in light of current economic and financial developments, which require enhancing the smooth provision of foreign currency through official and approved banking channels, in order to support market stability and contribute to strengthening the national currency.
The statement confirmed that the measures being implemented included providing and injecting quantities of cash liquidity in foreign currency through approved banking channels, in addition to continuous monitoring of market activity and studying its needs, in order to ensure support for commercial and economic activities and to provide for their requirements.
The bank indicated that these steps focus on strengthening the role of the banking sector in supporting the stability of the local market, meeting the actual needs of commercial activities, reducing the effects of fluctuations in the exchange market and promoting economic activity.
The bank’s moves come in conjunction with the Iraqi Cabinet’s decision to amend the dollar exchange rate based on an emergency recommendation submitted by the Minister of Finance and the Governor of the Central Bank, so that the purchase price from the Ministry of Finance becomes (1500) dinars, the selling price to banks becomes (1510) dinars, and the selling price to the end beneficiary becomes (1520) dinars per dollar.
Under the new amendment, the Central Bank raised the exchange rate for the public by 20,000 dinars per 100 dollars, compared to the previous rate of 1,320 dinars per dollar (132,000 dinars per 100 dollars), at a time when the parallel market witnessed jumps prior to the decision to reach about 165,000 dinars per 100 dollars, influenced by leaks and expectations.
shafaq.com
