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.

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US halts dollar shipments, restricts transfers to Iraq: Sources

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

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Iran’s rial loses three times its value since Trump took office

Over the past decade, Iran’s currency has sharply depreciated, with the rial falling from about 3,000 tomans per US dollar in October 2015 to 118,000 tomans per dollar in December 2025, a decline of nearly 3,833 percent.

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US moves to impose sanctions on Iraq: Deputy speaker of parliament

Shakhawan Abdulla says that during meetings he held with officials in Washington last week, he received "explicit confirmation" that the American administration has repeatedly sent messages and warnings to the Iraqi government about the smuggling of oil and dollars to Iran, as well as armed groups, but Baghdad did not consider these warnings.

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Dollar-earning Iraqis feel disappointed as new rules loom

As the central bank moves to wean the country off the US dollar, Iraqis getting their salaries in the American currency say they are the ones losing out.

Features

No more dollars in Iraq?

The New Region speaks to Iraqi citizens and officials about currency instability and new regulations to take effect Jan. 1.

Features