⚠️ IMPORTANT DISCLAIMER
This article is based on official Central Bank of Iraq statements as highlighted by Clare, combined with contextual analysis.
It is informational only and not financial advice.
🇮🇶 OFFICIAL CBI STATEMENT: 2026 BUDGET RATE CONFIRMED
According to an official article cited by Clare, the Central Bank of Iraq (CBI) has formally confirmed the exchange rate used in preparing the draft federal general budget law for 2026.
📜 Key Quote:
“The Central Bank of Iraq confirmed on Thursday that the official exchange rate adopted in preparing the draft federal general budget law for the year 2026 will be 1300 dinars per US dollar.”
This statement confirms that:
The 2026 budget calculations are anchored
The rate is official, not speculative
The government and CBI are aligned on fiscal assumptions
🧾 Budgets require stability — this rate provides that foundation.
💵 CBI CLARIFIES DOLLAR STABILITY AT 1320 IQD
In a separate official article, the CBI addressed public confusion regarding fluctuations in the parallel (black) market.
📜 Key Quote:
“The Central Bank of Iraq confirmed that there has been no change in the exchange rate of the dollar against the dinar, and it remains fixed at 1320 dinars per dollar.”
The CBI further explained that:
Any perceived increase is not official
It reflects demand outside licensed banks
Parallel market activity occurs outside authorized foreign transfer systems
🔍 OFFICIAL RATE VS PARALLEL MARKET: WHAT’S THE DIFFERENCE?
🏦 Official Rate:
Set and enforced by the Central Bank of Iraq
Used for:
Budgets
Government accounting
Licensed banking transactions
Stable at 1300–1320 IQD
🚫 Parallel Market:
Driven by:
Cash demand
Unlicensed exchanges
External pressures
Not recognized by the CBI
Does not reflect policy direction
📌 The CBI is making it clear: unofficial rates do not define Iraq’s monetary policy.
📊 WHY THIS MATTERS FOR CURRENCY WATCHERS
Clare’s focus on these articles highlights several important takeaways:
The 2026 budget is already rate-anchored
The CBI is actively defending exchange-rate credibility
Monetary policy remains controlled and deliberate
Public messaging is aimed at confidence and stability
🧠 Clear communication is a hallmark of central bank readiness.
⭐ FEATURED SNIPPET
What exchange rate is Iraq using for the 2026 budget?
The Central Bank of Iraq confirmed that the official exchange rate used to prepare the 2026 federal budget is 1300 dinars per US dollar, while reaffirming dollar stability at 1320 IQD.
🧠 HOW THIS FITS INTO THE BIGGER PICTURE
These statements reinforce that:
Iraq is operating with discipline and predictability
Exchange rate policy is intentional, not reactive
Budget preparation and currency management are coordinated
Whether or not further changes occur, the CBI is signaling:
Control
Transparency
Institutional confidence
❓ Q&A: COMMON QUESTIONS
❓ Is the exchange rate changing right now?
No. The CBI confirms the rate is stable.
❓ Why do some sources show higher dollar rates?
Those reflect parallel market demand, not official policy.
❓ What rate is used for the 2026 budget?
1300 IQD per USD, officially confirmed.
❓ Does the parallel market affect the budget?
No. Budgets use official CBI rates only.
❓ Is this confirmation important?
Yes. It shows monetary consistency and planning clarity.
📌 KEY TAKEAWAY
The Central Bank of Iraq has drawn a clear line between official policy and unofficial market noise.
With the 2026 budget rate confirmed at 1300 IQD, Iraq continues to demonstrate stability, control, and transparency in its monetary framework.
⚠️ FINAL DISCLAIMER
This content is informational only, based on official statements and analysis.
It is not financial or investment advice.
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Clare
Article: "Central Bank: The official exchange rate will be 1300 dinars in the 2026 budget"
Quote: "The Central Bank of Iraq confirmed on Thursday that the official exchange rate adopted in preparing the draft federal general budget law for the year 2026 will be 1300 dinars per US dollar..."
Article: "Central Bank: The dollar is stable at 1320 dinars, and the rise in the parallel market is due to demand outside banks."
Quote: "Central Bank of Iraq, confirmed that there has been no change in the exchange rate of the dollar against the dinar, and it remains fixed at 1320 dinars per dollar, explaining that what is being circulated as an exchange rate is only the demand of the unofficial market for dollars outside the system of banks licensed to work in foreign transfers through correspondent banks."