PM:01:31:07/01/2026
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The Central Bank of Iraq (CBI) has issued its first statement following the recent appreciation of the US dollar, saying the rise is related to the implementation of customs duties, while the official exchange rate remains stable.
In a statement released on Wednesday, the CBI said the official exchange rate of the US dollar against the Iraqi dinar remains at 132,000 dinars per 100 US dollars.
The bank explained that the higher price in the market is linked to demand in the informal market outside the system of authorized banks responsible for foreign remittances.
According to the statement, the implementation of advance customs duties has increased demand for cash dollars outside the banking system, placing pressure on traders and importers and contributing to the weakening of the dinar in domestic markets.
The central bank stressed that it continues to closely monitor the market and will take the necessary measures to stabilize exchange rates and protect the value of the national currency.