Dollar Exchange Rate Stabilizes at 1310 Dinars in 2026 Budget

The Central Bank of Iraq continues to fix the official exchange rate at 1310 dinars per US dollar within the 2026 budget, according to current session transactions. This stability comes amid the Central Bank's ongoing efforts to control the monetary market and prevent speculation that might affect the value of the local currency. Citizens and traders continuously monitor with concern the slight fluctuations in the parallel market, where prices are directly affected by supply and demand levels for hard currency. Bankers confirm that the foreign currency reserve covers the country's imports for several months, giving the Iraqi economy a margin of safety against external shocks. Meanwhile, analysts point out that regional political and security pressures may affect foreign currency inflows, necessitating careful market performance monitoring. Citizens hope that relative stability in exchange rates will continue in the coming period. The Central Bank reiterated its commitment to maintaining monetary stability through prudent fiscal policies and continuous market oversight. The Bank Governor affirmed that current monetary policy aims to achieve balance between economic growth and price stability.