The Central Bank of Iraq has formally addressed the Ministry of Finance regarding the draft Federal General Budget Law for the year 2026, indicating that the official exchange rate to be adopted in the upcoming budget will be set at 1,300 Iraqi dinars per US dollar.
According to the correspondence, the Central Bank contacted the Budget Department at the Ministry of Finance concerning the draft Federal General Budget Law of the Republic of Iraq for 2026.
The Central Bank stated that “the official exchange rate to be applied in 2026 stands at 1,300 dinars per dollar, a rate that has been in effect since February 2023.”
Meanwhile, informed sources revealed that the Central Bank will purchase the US dollar from the Ministry of Finance at a rate of 1,300 dinars, sell it to banks at 1,310 dinars, with banks in turn offering it at 1,320 dinars to traders and for external transfer operations.
