Dollar Exchange Rate in Iraq Stabilizes at 1310 Dinars Within 2026 Budget

The Central Bank of Iraq continues to adopt 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. Citizens hope stability will continue.