Baghdad: The Central Bank of Iraq addressed the Ministry of Finance stating that the official exchange rate for the dollar will be 1300 in the 2026 budget.

According to National Iraqi News Agency, the Central Bank's communication with the Ministry is part of the ongoing efforts to stabilize the national economy and provide clarity for financial planning. This announcement comes as a crucial step in shaping the fiscal strategies for the upcoming years, offering a clear benchmark for economic forecasts.

The decision to set the exchange rate at this level reflects comprehensive analyses and considerations by the Central Bank, aimed at maintaining economic stability and fostering sustainable growth. The Ministry of Finance is expected to incorporate this rate into its budgetary framework to ensure coherence in financial policies.

The move is anticipated to have significant implications for the Iraqi economy, affecting everything from import-export businesses to the pricing of goods and services domestically. The set rate will serve as a guiding parameter for financial institutions, businesses, and policymakers as they prepare for the fiscal year 2026.