Baghdad: The Central Bank of Iraq affirmed that it has no intention of adjusting the Iraqi dinar exchange rate. In a statement, the bank said, “As we approach the end of 2025, the Central Bank of Iraq announced significant progress in its strategic objectives related to maintaining price stability. The inflation rate has fallen to historically low levels, among the lowest in the region, supported by its monetary policies and well-considered measures, despite current economic challenges.”

According to National Iraqi News Agency, the statement clarified that “Central Bank Law No. (56) of 2004, particularly Article 1/4/A, clearly defines its core functions in formulating and implementing monetary policy, including exchange rate policy,” emphasizing, “There is no intention to adjust the Iraqi dinar exchange rate, in line with its central objective of ensuring price stability, an objective that has been successfully achieved in the past period.”

The statement emphasized that “the Central Bank continues to support exchange rate stability, bolstered by ideal levels of foreign currency and gold reserves,” affirming its “continued commitment to covering all banks’ requests for external financing in US dollars and other foreign currencies such as the Chinese yuan, Turkish lira, Indian rupee, and UAE dirham. It also noted the continued processing of bank card settlements and personal transfers through MoneyGram and Western Union, in addition to cash sales for travel purposes, indicating that there is no pressure on current foreign reserves.”

The statement further clarified that “any external statements or opinions regarding changes to the Iraqi dinar exchange rate do not reflect the Central Bank’s position and represent speculations aimed at disrupting the market, inciting speculation, and undermining the stability of the national economy.”