Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) briefed the Ministry of Finance on Thursday about the proposed federal budget for 2026, suggesting that the official US dollar exchange rate will be 1,300 Iraqi dinars in the state budget.
The CBI announced that the official exchange rate for 2026 will be 1,300 Iraqi dinars to the US dollar, the same rate that has been in place since February 2023, the state-run news agency (INA) reported.
According to reports, the CBI will purchase US dollars from the Ministry of Finance for 1,300 Iraqi dinars and sell them to banks for 1,310 Iraqi dinars, which will subsequently be sold to merchants and utilized in international transfers at a rate of 1,320 Iraqi dinars.
Earlier, the Iraqi government announced plans to implement new measures to boost financial income and minimize government spending while providing more assistance to the most disadvantaged people.
In mid-December, Iraqi Prime Minister Mohammed Shia al-Sudani ordered an evaluation of public expenditure, including allocations for senior Iraqi officials, during a meeting of the Ministerial Council for the Economy.
Al-Sudani addressed strategies to maximize state income, as well as measures to review salaries and allowances for employees working in the Iraqi presidency, the Iraqi parliament, and the cabinet.
