No intention to change exchange rates: CBI

Since 2023, the CBI has set the official exchange rate at 1,320 dinars per one US dollar. Although that rate is used in official government transactions, it has never been in use at the currency exchange markets, which set a frequently-changing and way lower value for the dinar.

News

Iraqi dinar plunges to lowest value in 2.5 years

The Iraqi dinar traded at 160,000 IQD per $100 on Monday morning, with an economist attributing the fall to several factors, such as the replacement of Iraq's Central Bank governor and lower oil exports due to the effects of the US-Israeli war on Iran.

News

US halts dollar shipments, restricts transfers to Iraq: Sources

The New Region contacted the Treasury Department, but they were not immediately available.

News

Iraq to suspend MasterCard use for foreign transactions June: Source

The Central Bank of Iraq has ordered local banks to halt the use of MasterCard for international transactions starting June 1, 2025, shifting all foreign dealings to the US-issued Switch card to enhance financial oversight, source told The New Region.

News