Iraqi Prime Minister Ali Faleh Al-Zaidi has reached an agreement with U.S. officials to ensure regular shipments of physical U.S. dollars continue arriving in Iraq. The understanding was reached during meetings in New York that included discussions with U.S. President Donald Trump and other officials.
Government spokesperson Haider Al-Aboudi said a new shipment of U.S. dollars is expected to arrive in Baghdad within the next few days. The funds are intended to support the Central Bank of Iraq’s reserves and improve the supply of dollars in the local market.
According to Al-Aboudi, the agreement reflects the progress Iraq has made in strengthening oversight of foreign currency transactions, improving transparency through electronic trading systems, and reducing the misuse of dollars outside official channels.
The upcoming cash shipment comes at an important time for Iraq’s currency market. The Iraqi dinar has recently improved, with the exchange rate moving closer to 157,000 dinars per $100 after reaching around 160,000 earlier in September.
Financial officials believe that continued dollar shipments, along with stronger financial controls, could help narrow the gap between the market exchange rate and the Central Bank’s official rate of 131,000 dinars per $100. They also expect this to support price stability and ease pressure on the cost of goods across the country.
