Officially, the exchange rate in the 2026 budget is 1300 Iraqi dinars.
The Central Banks price has been in effect since February 2023, explaining that it is related to the work of the Central Bank of Iraq. of Iraq has decided to adopt an exchange rate of 1,300 dinars for the US dollar in the 2026 budget, according to an official document revealed on Thursday.
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The Central Bank of Iraq sent an official letter to the Ministry of Finance/Budget Department/Current Budget Preparation Section, regarding the determination of the official exchange rate adopted in the draft Federal General Budget Law of the Republic of Iraq for the year 2026.
According to a book issued by the Statistics and Research Department of the Central Bank of Iraq, obtained by Shafaq News Agency, the bank clarified in its book that the official exchange rate that will be adopted in the 2026 budget is 1300 dinars per dollar.
The book indicated that thi
Department of Statistics and Research
Number: 1/4/2250
[Recipient/Addressee]
Date: 2025/12/29
To: Ministry of Finance / Budget Department / Current Budget Preparation Section
Subject: Draft Federal General Budget Law of the Republic of Iraq for the year 2026
Greetings,
Regarding your letter number (141737) dated 2025/12/17.
We would like to inform you that the official exchange rate that will be adopted in 2026 is (1300) Iraqi Dinars per US Dollar, which has been in effect since February 2023, as far as this bank's operations are concerned.
Sincerely,
First government comment on adopting 1300 dinars to the dollar: A calculated monetary move
The economic advisor to the Iraqi government, Mazhar Muhammad Saleh, confirmed on Thursday that the move to adopt the exchange rate of the US dollar at 1300 dinars and to raise the value of the Iraqi dinar in a limited way comes within a calculated coordination between the fiscal and monetary policies.
Saleh told Shafaq News Agency that the decision gives economic prospects a positive signal, reflecting the strength of the country’s foreign exchange reserves and the ability of monetary policy to confidently manage stability.
He explained that this step indicates that fiscal policy is moving towards the correct adjustment in maximizing its real revenues, away from resorting to what is known as "monetary adjustment," i.e., using the exchange rate as an indirect financing tool, instead of achieving public finance goals through its original tools in mobilizing resources and controlling spending.
He added that this calculated monetary signal sends a clear message that economic stability and containing inflationary expectations remain a priority, and that the independence of monetary policy is still in place and effective, while at the same time providing an incentive for fiscal policy to activate its tools efficiently and responsibly, in order to ensure the sustainability of the macroeconomy.
The Central Bank of Iraq had decided to adopt the exchange rate of the US dollar at 1300 dinars within the 2026 budget, according to an official document revealed on Thursday.
The Central Bank addresses the Ministry of Finance regarding the official dollar exchange rate in the 2026 budget.
The Central Bank of Iraq addressed the Ministry of Finance regarding the official exchange rate of the dollar to be adopted in the draft federal general budget law for 2026.
A document issued by the bank, which was received by "Baghdad Today", stated that "the official exchange rate that will be adopted in 2026 is (1300) dinars per dollar."
The document explained that "this price has been in effect since February 2023," noting that "determining the price falls within the scope of the work of the Central Bank of Iraq."
Sources revealed that the Central Bank will buy dollars at a rate of 1300 dinars from the Ministry of Finance and sell them at a rate of 1310 to banks, which will then sell them at 1320 to traders and for foreign transfers.
The announcement by the Central Bank of Iraq comes in conjunction with a rise in the local stock exchange markets for selling foreign currency, where the dollar recorded today, Thursday, January 8, 2026, in Baghdad 147.850 dinars per 100 dollars.
The Central Bank of Iraq is the first institution in the Iraqi state to implement program and performance budgeting.
The Board of Directors of the Central Bank of Iraq, pursuant to Article (1/Paragraph C) of the Central Bank of Iraq Law No. (56) of 2004, approved the Bank's budget for 2026, adopting the program and performance budgeting methodology.
The Bank explained that adopting this methodology aims to transition from the traditional line-item approach to a modern method focused on programs, results, and performance indicators. This will contribute to increased spending efficiency, enhanced transparency and accountability, and support performance- and results-based decision-making.
The Bank noted that previous budgets were prepared according to the traditional method used in most state institutions. It emphasized that this approach makes the Central Bank of Iraq the first institution in the Iraqi state to implement program and performance budgeting, reflecting its commitment to adopting international best practices in managing its financial resources.
The Bank stated that the 2026 budget includes strategic programs, institutional development programs, operational programs, and supervisory and regulatory programs. These were prepared according to clear programs, specific activities, and measurable performance indicators that can be periodically evaluated, thus contributing to improved efficiency in plan implementation and optimal resource utilization.
The Central Bank of Iraq affirms that adopting the program and performance budget is a pivotal step within the financial and administrative reform path pursued by the bank, which enhances the strength and sustainability of institutional performance, and keeps pace with modern developments in expenditure management at the regional and international levels.
In this context, the Central Bank of Iraq announces its readiness to provide technical support and training to Iraqi state institutions, and to assist them in moving from the traditional method of preparing budgets to modern methods adopted globally, in a way that contributes to the development of public financial management and the strengthening of the principles of efficiency and good governance.
Central Bank of Iraq,
Media Office,
January 7, 2026
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