Central Bank of Iraq Reaffirms Stability of Dinar Exchange Rate

CBI's Media Office

The Central Bank of Iraq's (CBI) building.

The Central Bank of Iraq reiterated on Monday its firm commitment to maintaining the stability of the Iraqi dinar’s exchange rate, supported by robust levels of foreign currency and gold reserves. It also confirmed that there are no plans to alter the dinar’s value.

In a statement received by PUKMEDIA, the Bank said: “As we approach the end of 2025, the Central Bank of Iraq has achieved substantial progress in its strategic objectives relating to price stability. The inflation rate has fallen to historically low levels—among the lowest in the region—thanks to carefully implemented monetary policies, despite ongoing economic challenges.”

The Bank reaffirmed that, “there is no intention to adjust the Iraqi dinar’s exchange rate, consistent with our primary objective of ensuring price stability—an objective that has been successfully safeguarded in recent periods.”

The statement added that the Central Bank remains committed to supporting exchange rate stability with “ideal levels of foreign currency and gold reserves,” and will continue fulfilling all banks’ requests for external financing in US dollars and other currencies, including the Chinese yuan, Turkish lira, Indian rupee, and UAE dirham. Processing of card settlements, personal transfers through MoneyGram and Western Union, and cash sales for travellers is also ongoing, confirming that “there is no pressure on current foreign reserves.”

The Bank further emphasised that “any external statements or opinions suggesting changes to the dinar’s exchange rate do not represent the Central Bank’s position and amount to speculation aimed at unsettling the market, encouraging manipulative trading, and undermining the stability of the national economy.”



PUKMEDIA