THE CENTRAL BANK OF IRAQ CLARIFIES THE MECHANISMS FOR DEALING WITH THE DOLLAR IN ALL ITS ISSUANCES.
The Central Bank of Iraq, in a directive to licensed banks and non-bank financial institutions, stressed the importance of reducing discrimination in the exchange rate of the US dollar between old and new issues, stressing the need for all banks and financial institutions to adhere to the instructions for trading and exchanging banknotes, in accordance with the approved standards for foreign banknotes, especially the US dollar, in order to ensure the safety of monetary transactions and market stability.
The Central Bank clarified that the laws, instructions and regulations in force do not adopt any discrimination between the different editions of the US dollar currency, noting that the bank continues to receive these issues and deal with them through all authorized banks, provided that they are within the internationally and locally approved standards and regulations.
This clarification comes within the framework of the Central Bank of Iraq’s commitment to enhancing transparency and discipline in the banking sector, protecting customers, and supporting monetary and financial stability in Iraq.
Central Bank of Iraq,
Media Office,
February 16, 2026
