The Central Bank of Iraq (CBI) recorded a strong surge in dollar transactions, signaling rising financial activity across the country. Over the past seven months, Iraq’s banking system showed remarkable momentum, driven by growing trade demand and foreign transfer operations. Iraq’s dollar sales remain a key factor shaping the country’s monetary performance.
The CBI confirmed that total dollar sales reached nearly $48 billion during this period. Out of this figure, $46.374 billion came from foreign transfers, while $1.611 billion came from direct cash sales. The rise highlights a sharp increase in external financial movement and business operations. This growing financial activity also reflects Iraq’s expanding economic engagement with international markets.
Moreover, the bank reported a 10.92% increase in foreign transfers compared to last year’s level. In the same period previously, transfers stood at $41.309 billion. The consistent growth shows how Iraq’s economic stability continues to strengthen through stronger trade relationships. Iraq’s dollar sales have become a strong indicator of confidence in local and foreign business sectors.
Furthermore, the rise in transfers underlines a more stable flow of goods and services across borders. Iraqi banks have increased cooperation with international institutions, improving transparency and operational efficiency. As a result, investors feel more confident about engaging in trade and investment activities. The CBI continues to support this momentum by regulating currency markets and encouraging smoother financial transactions.
In addition, market analysts see this trend as a positive sign for Iraq’s economic recovery. Businesses continue to expand import and export activities, which further strengthens the country’s position in regional trade. The demand for US dollars reflects not only rising business activity but also a growing need for financial liquidity. Through improved regulations, the CBI ensures a balanced flow of currency between local and foreign markets.
Looking ahead, the Central Bank aims to maintain this upward momentum by developing better monetary strategies. The bank plans to reinforce trust among financial institutions and promote consistent growth in external transfers. As trade expands, Iraq’s dollar sales will remain a critical pillar of economic stability.