The Central Bank of Iraq (CBI) announced that its total foreign currency sales reached $48 billion by the end of July 2025. This figure marks a 17% increase compared to the same period in 2024. The rise highlights the Bank’s growing role in stabilizing Iraq’s financial and foreign exchange markets.
Official data reviewed by IraqiNews.com shows that the CBI’s daily foreign currency sales have averaged over $350 million. Experts say this represents the highest rate recorded in the institution’s history. The steady growth demonstrates increased confidence in the Bank’s operations and policies.
Analysts attribute the rise in Central Bank of Iraq foreign currency sales to several factors. Growing demand for U.S. dollars for trade financing and import operations is a primary driver. Additionally, foreign remittance flows contribute significantly to the demand. Improved compliance with international financial standards has also streamlined the Bank’s sales mechanisms, making operations more efficient.
The CBI continues to play an active role in regulating Iraq’s monetary policy. By maintaining strong foreign currency reserves and providing liquidity to banks and importers, the Bank supports the stability of the Iraqi dinar. Observers note that these efforts strengthen investor confidence and enhance the overall economic environment.
If current trends continue, experts predict that Central Bank of Iraq foreign currency sales could exceed $83 billion by the end of 2025. This projection underscores the Bank’s proactive measures to meet growing market needs while supporting Iraq’s broader economic objectives.
In addition to stabilizing the foreign exchange market, the Bank’s activities facilitate smoother trade operations. Companies importing goods and services can rely on timely access to foreign currency. Similarly, businesses and individuals sending remittances abroad benefit from transparent and predictable rates.
In conclusion, the Central Bank of Iraq foreign currency sales performance reflects both strong demand for dollars and effective institutional management. The CBI remains a key player in Iraq’s financial system, ensuring monetary stability and supporting sustainable economic growth.