The Central Bank of Iraq (CBI) has said that its monetary policies have pushed inflation to historically low levels, adding that there is no intention to amend the exchange rate of the Iraqi dinar (IQD).In a statement issued on Monday (24th November), the bank rejected rumours of a possible exchange rate change, describing it as speculation aimed at disrupting the market and undermining economic stability.Statement from the Central Bank of Iraq:Central Bank of Iraq Confirms Exchange Rate Stability and Achieves Lowest Inflation Levels in the RegionAs the end of 2025 approaches, the Central Bank of Iraq has announced the achievement of tangible progress in its strategic objectives relating to maintaining stability in the general price level, as the inflation rate recorded a decline to historic levels considered the lowest in the region, supported by its monetary policies and considered measures despite current economic challenges.The Central Bank clarified in an official statement that the Bank's Law No. (56) of 2004, particularly Article 1/4/a, clearly defines its core functions in formulating and implementing monetary policy, including exchange rate policy. In this context, the Bank confirmed that there is no intention whatsoever to amend the exchange rate of the Iraqi dinar, in line with its central objective of ensuring price stability, an objective that has been successfully achieved during the past period.The statement emphasised that the Central Bank continues to support exchange rate stability, reinforced by optimal levels of foreign reserves of currencies and gold.The Central Bank also confirmed its continuation in meeting all banks' requests for external enhancement in US dollars and other foreign currencies such as the Chinese yuan, Turkish lira, Indian rupee and UAE dirham, in addition to the continuation of bank card settlements and personal transfers through MoneyGram and Western Union, as well as cash currency sales for travel purposes, noting that there is no pressure whatsoever on current foreign reserves.The statement noted that any external statements or opinions relating to changing the exchange rate of the Iraqi dinar do not express the Central Bank's position, and represent interpretations aimed at disrupting the market and inciting speculation and affecting the stability of the national economy (ICE AMMAN)

Fonte notizia: Stampa Locale