The Central Bank of Iraq announced today, Wednesday, that the new exchange rates started to take effect from today.
The Central Bank stated in a statement received by the News Video Agency: "Due to the current economic and financial conditions, and based on the recommendation of the Council of Ministers, the Central Bank of Iraq has decided to amend the exchange rate of the Iraqi dinar against the US dollar, in a manner that meets the financial requirements of the state budget, and in accordance with the provisions of the Central Bank of Iraq Law No. (56) of 2004, as amended, as follows:
Price of buying US dollars from the Ministry of Finance: 1500 dinars per dollar.
Selling price of the US dollar to banks: 1510 dinars per dollar.
Selling price of the US dollar to the public: 1520 dinars per dollar.
The Central Bank confirmed, according to the statement, "the adequacy of its foreign reserves to meet all demands for foreign currency to finance foreign trade, settle banking cards abroad, and cash sales for travelers"
He explained that "the new exchange rates will start to be effective from today, Wednesday, October 7, 2026."