{
  "id": 12571353,
  "title": "Iraq central bank sets new dollar exchange rate at 1,520 dinars",
  "url": "https://urgent.news/2026/10/07/iraq-central-bank-sets-new-dollar-exchange-rate-at-1-520-dinars",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T07:06:20.000Z",
  "source": {
    "name": "Ajel English",
    "slug": "ajel-english",
    "url": "https://english.ajel.sa/world/clus9ehmb"
  },
  "original_language": "en",
  "account": "On September 25, Iraq's central bank announced a new exchange rate of 1,520 dinars per US dollar for end-users, marking a shift from previous rates. The cabinet decision also adjusted the exchange rate to 1,500 dinars for purchases from the Ministry of Finance and 1,510 dinars for sales to banks. The central bank's statement, as reported by the Iraqi News Agency, emphasized its sufficient foreign reserves to handle external trade financing, card transactions, and cash dollar supply for travelers at the official rate. Initially, the bank attributed the rise in the local market exchange rate to speculation, expectations, and regional geopolitical conditions, yet it reiterated its commitment to supporting foreign trade via approved channels.\n\nThe International Monetary Fund's latest assessment suggests that oil revenues will constitute roughly 31% of Iraq's GDP in 2026, with total reserves projected to reach $79.2 billion. This exchange rate decision aligns with Iraq's preparations for the 2027 budget, wherein the government anticipates an oil price of $58 per barrel and total spending of approximately 217 trillion dinars. Notably, the budget draft proposes an exchange rate range of 1,400 to 1,500 dinars per dollar, given that oil sales remain the primary source of revenue for the state.",
  "summary": "Iraq's central bank has set the dinar's exchange rate at 1,520 per US dollar for end users, with new rates for banks and the finance ministry.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}