Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) announced that its total foreign currency sales reached $48 billion by the end of July 2025, marking a 17% increase compared to the same period in 2024.
According to official data reviewed by IraqiNews.com, the Bank’s daily sales have averaged over $350 million, representing the highest rate recorded in the institution’s history.
Experts attribute this rise to the growing demand for U.S. dollars for trade financing, import operations, and foreign remittance purposes, in addition to improved compliance with international financial standards that have streamlined the Bank’s sales mechanisms.
If current trends continue, total foreign currency sales are expected to exceed $83 billion by the end of 2025, underscoring the Central Bank’s active role in stabilizing the foreign exchange market and supporting Iraq’s monetary policy objectives.
