KTFA
During a dialogue session at the Iraq Investment Forum, attended by a Shafaq News Agency correspondent, Al-Alaq said, “There is no talk or discussion within the Central Bank or the government about adjusting the official exchange rate for the dollar.”
He added, “Everything that is being circulated is untrue.”
The dollar exchange rate against the Iraqi dinar has fluctuated significantly in recent years. After the previous government, headed by Mustafa al-Kadhimi, changed it from 121,000 dinars per $100 to 140,000 dinars, the current government, headed by Mohammed Shia al-Sudani, changed it again to 132,000 dinars per $100.
During previous changes, its price in the local market remained significantly higher than the official rate, reaching 170,000 dinars per 100 dinars, before recently stabilizing at a slight margin. (LINK)
Tishwash » September 28th, 2025
The Central Bank of Iraq, Basra branch, launches the “Easier Transportation, Easier Payment” campaign.
September 28, 2025
The Central Bank of Iraq, Basra branch, launched the “Easier Transportation… Easier Payment” campaign in cooperation with electronic payment companies operating in the governorate, as part of the National Financial Inclusion Strategy 2025-2029.
The campaign aims to deploy point-of-sale (POS) devices in public transport vehicles and taxis contracted with the Central Bank branch in Basra Governorate, by purchasing them free of charge from service providers.
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The campaign comes within the framework of promoting the culture of financial inclusion and electronic payment, which the Central Bank of Iraq adopts among segments of society, especially bank card holders and marginalized groups.
https://cbi.iq/news/view/2994
Clare » September 28th, 2025
Central Bank Governor: We are beginning to see non-oil financial revenues.
September 28, 2025
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, affirmed that the banking sector is a fundamental pillar for the success of the investment reality in Iraq. He indicated that the Central Bank of Iraq has achieved its goals and begun implementing them according to the scheduled timelines for reforming the banking sector.
This came during the Governor’s participation in a dialogue session within the Iraq Investment Forum, where he indicated in his speech that Iraq enjoys significant investment opportunities and that Iraqi institutions, both in the public and private sectors, have made progress towards achieving an achievable investment map that generates financial returns for Iraq.
He pointed out that the banking sector is a fundamental pillar for the success of investment projects in Iraq, and he is committed to proceeding with its reform plan to develop this sector and make it the supporting arm for the success of investment projects.
He indicated that Iraq is currently witnessing the lowest inflation rates in its modern history, while noting that it possesses comfortable foreign reserves capable of defending the exchange rate. He emphasized the creation of a sound environment for investment after the great success of monetary policy.
Central Bank of Iraq
Media Office
https://cbi.iq/news/view/2993
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