CHANNEL8
"In my personal opinion, this decision will not be implemented,” the Slemani Currency Exchange Market spokesperson told reporters, adding that a policy of this scale is “never made haphazardly” and requires deep studies by CBI experts because it would create a severe negative impact on the market and drastically lower the citizens' standard of living.
Read more: https://channel8.com/english/news/67202
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🇮🇶💱 IRAQ DINAR EXCHANGE RATE UPDATE — RUMOR, PROPOSAL OR OFFICIAL DECISION? 🚨
Market panic erupted after reports circulated that Iraq could change the exchange rate to 150,000 IQD per $100.
⚠️ BUT IS IT OFFICIAL?
Jabar Goran, spokesperson for the Slemani Currency Exchange Market, says the reported devaluation is NOT an official decision.
🏦 According to Goran, the authority to change Iraq’s exchange rate belongs to the Central Bank of Iraq (CBI). He also said sources within the Parliamentary Finance Committee and CBI indicated that the proposal has not been drafted into a formal bill.
📊 BUT THERE IS AN IMPORTANT DEVELOPMENT…
Parliamentary Finance Committee member Dilan Ghafoor said the initial 2027 budget draft includes a proposed exchange rate of:
💵 150,000 IQD = $100
The stated objective would be to narrow or eliminate the gap between the official and parallel-market rates.
❗ However, this is NOT FINAL.
The 2027 budget still requires approval from the Council of Ministers and Parliament, and the CBI has not officially announced a change to the exchange rate.
📉 Meanwhile, the parallel market experienced significant volatility, with the dollar reportedly exceeding 160,000 IQD per $100 before falling back toward 159,000.
🔎 WHAT WE KNOW RIGHT NOW:
🔹 150,000 IQD/$100 → Mentioned in the initial 2027 budget draft
🔹 Official devaluation → ❌ Not announced
🔹 Formal bill → ❌ Not drafted
🔹 CBI approval → ❌ Not announced
🔹 2027 budget → ⏳ Still requires approval
🔹 Parallel market → ⚠️ Experiencing volatility
🇮🇶 BOTTOM LINE: A proposed rate appearing in a preliminary budget draft is NOT the same as an officially approved exchange-rate change.
👀 The key development to watch is whether the CBI officially confirms or rejects any change to Iraq’s exchange rate.
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