The Central Bank of Iraq (CBI) has re-launched a major procurement plan under Iraq’s currency machine tender. This updated move invites qualified companies to supply, install, and operate 68 advanced currency machines. The project targets two key cities—Basra and Mosul.
CBI’s plan includes 35 machines for Basra and 33 machines for Mosul. These machines will handle both Iraqi dinars and foreign currencies, including the US dollar and euro. The machines must meet specific technical and legal standards defined in the Bank’s procurement documents.
The total budget for this tender is around 1.19 billion Iraqi dinars. This investment comes from the 2025 development funds for the two branches. Through Iraq’s currency machine tender, the CBI aims to improve currency processing speed and accuracy in its regional offices.
Moreover, legally approved local agents representing international currency machine suppliers can participate in this tender. They have two ways to obtain the bidding documents. First, they may visit the CBI Legal Department’s Contracts Section in Baghdad and pay a fee of 250,000 dinars. Second, they can access the documents online via the approved procurement platform, with extra digital service charges.
To meet the requirements, all bids must follow the submission rules. These rules include submitting documents by hand to the CBI’s Legal Department in Baghdad. The closing date for bid submission is Sunday, 24 August 2025.
In addition, the winning bidder must pay all required taxes, publication charges, and e-archiving fees. These obligations follow Iraqi law and cannot be avoided.
This step shows the CBI’s ongoing effort to modernize its banking tools. Reliable currency machines will reduce manual errors and boost trust in money handling across the nation. Also, by including foreign currency sorting, the Bank improves its control over cash flow and foreign exchange.
Moreover, this re-issued tender opens up business opportunities for international companies in the Iraqi banking market. It also strengthens transparency, since the process welcomes public bids and sets clear legal conditions.
In short, Iraq’s currency machine tender is a strategic upgrade for Basra and Mosul’s financial infrastructure. It enhances both speed and precision in handling cash.