CHANNEL8
Cash reserves held by the Central Bank of Iraq (CBI) fell by more than 70% during the first four months of 2026, according to official financial data, while the country's official exchange rate remained unchanged and inflation edged higher.
🇮🇶 CBI's Cash Decline Highlights Why Iraq's Digital Banking Reform Matters 💳📉
New financial data shows that the Central Bank of Iraq's (CBI) cash holdings fell by more than 70% during the first four months of 2026, while the official exchange rate remained stable and inflation edged up from 0.9% to 1.7%.
🏦 This underscores the importance of Iraq's ongoing monetary reforms. As more transactions move to digital payments and through the official banking system, the CBI can keep more physical IQD under its control instead of circulating as cash. Greater control over liquidity helps support price stability and keep inflation at low, single-digit levels.
📊 Former CBI Governor Dr. Sinan Al-Shabibi has long emphasized that maintaining low, stable inflation is an essential condition for a strong and stable currency. Today's banking and digital payment reforms continue moving Iraq in that direction.
🧩 Every reform is another piece of the puzzle. Keep connecting the dots!
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