Central Bank of Iraq

The Central Bank of Iraq is the primary monetary authority in Iraq, tasked with formulating and executing policies that promote economic stability and long-term growth. Responsible for issuing the Iraqi dinar and managing the nation’s foreign reserves, the bank oversees liquidity through a range of policy instruments designed to control inflation and mitigate external shocks. Amid a challenging economic environment marked by fluctuations in global oil prices and regional uncertainties, the institution has embarked on extensive modernisation initiatives. These reforms include the integration of advanced digital payment systems, the enhancement of cybersecurity measures, and the streamlining of regulatory frameworks to improve the efficiency and security of financial transactions. The Central Bank of Iraq is committed to transparency, regularly publishing economic reports, policy statements, and performance reviews that keep stakeholders informed and help build public trust. In collaboration with governmental agencies and international organisations, it seeks to align domestic practices with global best practices, thereby reinforcing the stability of Iraq’s financial ecosystem. Additionally, the bank is actively involved in initiatives designed to promote financial inclusion and extend accessible banking services to underbanked segments of the population. By combining traditional monetary tools with innovative reforms, the Central Bank of Iraq plays a vital role in steering the nation’s economy towards greater resilience, diversification, and sustainable development, even in the face of persistent external challenges.