The Central Bank of Iraq (CBI) has categorically denied reports of plans to alter the exchange rate of the Iraqi Dinar, exposing a circulated document requesting an adjustment as a forgery.

Previously, a document was circulated requesting the Iraqi Prime Minister to ask the Finance Committee of the Iraqi Parliament to change the exchange rate to 1,600 Iraqi Dinars per Dollar; therefore, the Central Bank warns against any news published in this regard.

Iraq's Central Bank Denies Currency Devaluation Plans 

The CBI said in a statement on Wednesday that it “categorically denies the circulated news regarding any intention to modify the exchange rate of the Iraqi Dinar.”

The Central Bank warned against “dealing with misleading news,” revealing that it had detected “a forged document.”

CBI Urges Press, Public to Verify News Officially 

The CBI urged media organizations and the public to verify information by relying solely on official disclosures issued directly by the Central Bank of Iraq.

Iraq Currency Rumors and Parallel Market Gaps 

The rumors circulate amid a persistent gap between the government's official monetary policy and parallel market rates. 

While the official Central Bank of Iraq rate fixes the base U.S. dollar at 1,300 dinars—disbursing $100 at 132,000 dinars (a rate of 1,320) for commercial traders, corporations, and travelers—informal currency markets across Iraqi cities continue to see $100 trading at a significant premium of over 155,000 dinars. 

Because access to the official state rate is restricted for everyday transactions, unverified documents suggesting a formal devaluation frequently trigger volatility in the parallel market as individuals seek to convert local currency.