Iraq Economic News and Points To Ponder Tuesday Morning  9-30-25

The Central Bank Denies Any Intention To Change The Dollar Exchange Rate.
 
September 28, 2025   Baghdad/Iraq Observer Central Bank Governor Ali Al-Alaq denied on Sunday
any plans to change the dinar’s exchange rate against the dollar.
 
During a dialogue session at the Iraq Investment Forum,   attended by a Shafaq News Agency correspondent, Al-Alaq said,   “There is no  talk or  discussion  within the Central Bank or the   government    about adjusting the official exchange rate for the dollar.”  He added, “Everything that is being circulated is untrue.”

The dollar exchange rate against the Iraqi dinar has fluctuated significantly in recent years.
 
After the previous government, headed by Mustafa al-Kadhimi,   changed it   from 121,000 dinars per $100    to 140,000 dinars, the current government, headed by Mohammed Shia al-Sudani,
   changed it again to 132,000 dinars per $100.     https://observeriraq.net/البنك-المركزي-ينفي-أي-نية-لتغيير-سعر-صر/    

The Central Bank Of Iraq, Basra Branch, Launches The “Easier Transportation, Easier Payment” Campaign.
 
September 28, 2025  The Central Bank of Iraq, Basra branch, launched the “Easier Transportation… Easier Payments“campaign in cooperation with electronic payment companies operating in the governorate.
 
This campaign is part of the National Financial Inclusion Strategy 2025-2029.
 
The campaign aims to deploy point-of-sale (POS) devices in   public transport vehicles and   taxis contracted with the Central Bank branch in Basra Governorate,   by purchasing them free of charge  from service providers.
 
The campaign comes within the framework of promoting the   culture of financial inclusion and   electronic payment adopted by the Central Bank of Iraq   among segments of society,  especially   bank card holders and   marginalized groups.   https://cbi.iq/news/view/2994    

Central Bank Governor: We Are Beginning To See Non-Oil Financial Revenues.
 
September 28, 2025  His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq,affirmed that the banking sector is a fundamental pillar for the success of investment in Iraq. He explained that the Central Bank of Iraq has   achieved its objectives and   begun implementing them      according to the scheduled timelines for banking sector reform.
 
This came during the Governor’s participation in a dialogue session at theIraq Investment Forum, where he noted in his remarks that Iraq boasts significant investment opportunities and that Iraqi institutions,   both in the public and private sectors,   have made significant strides toward developing an investment map   that can generate financial returns for Iraq. 

Pointing out that the banking sector is a fundamental pillar for the success of investment projects in Iraq, he pledged to pursue his reform plan to  develop this sector and   make it a supportive arm      for the success of investment projects. 

He pointed out that Iraq is currently experiencing the lowest inflation rates in its modern history, and noted that it possesses comfortable foreign reserves  capable of defending the exchange rate. He emphasized the need to create a sound investment environment   following the significant success of monetary policy.        Central Bank of Iraq    Media Office      https://cbi.iq/news/view/2993  

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