At a Glance
• The Central Bank of Iraq (CBI) announced an increase in the cash dollar allowance for travelers from $2,000 to $3,000 at the official rate, effective Tuesday, November 3, 2026.
• Travelers are eligible to receive this allowance up to six times per year, with a restriction allowing access once every two months.
• The measure is part of the bank's ongoing efforts to supply citizens with foreign currency to meet travel needs while maintaining regulatory oversight.
• Official exchange rates price the US dollar at the established standard rate.

The Central Bank of Iraq has adjusted its foreign currency allocation framework for travelers, raising the cash dollar quota to better accommodate citizens traveling abroad.

Regulatory Framework and Schedule
• Implementation Date: The new quota of $3,000 per allocation officially takes effect on Tuesday.
• Frequency and Limits: Eligible travelers can benefit from the allowance up to six times annually, provided there is a two-month interval between each transaction.
• Previous Adjustments: This update follows earlier regulatory modifications made in recent months to streamline foreign currency distribution and ensure funds reach intended recipients.

FYI
Central Bank traveler quotas are distributed through authorized banks and exchange channels, requiring verified travel documentation (such as a valid passport and flight ticket) to ensure compliance with foreign exchange regulations.

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CBI Lowers Monthly Traveler Cash Quota to $2,000