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The Central Bank of Iraq (CBI) firmly denied recent speculation about a potential change to the dinar’s exchange rate against the US dollar.

Speaking at the Iraq Investment Forum, CBI Governor Ali al-Allaq clarified that neither the central bank nor the Iraqi government has any intention of adjusting the official rate. “There are no plans to alter the exchange rate,” he stated, addressing concerns raised by circulating reports.

The Iraqi dinar has seen considerable volatility in recent years. During the tenure of former Prime Minister Mustafa al-Kadhimi, the exchange rate shifted from 121,000 to 140,000 dinars per $100. Under the current administration led by Prime Minister Mohammed Shia Al-Sudani, the rate was revised to 132,000 dinars per $100.

Despite these official benchmarks, the dollar has often traded above the set rate in local markets, at times reaching as high as 170,000 dinars per $100. However, recent months have seen a gradual stabilization, with market rates aligning more closely with the official figure.