Central Bank of Iraq

Central Bank of Iraq
البنك المركزي العراقي
HeadquartersBaghdad, Iraq
Established16 November 1947 (1947-11-16)
Ownership100% state ownership[1]
GovernorAli Mohsen Al-Alaq
Central bank of Iraq
CurrencyIraqi dinar
IQD (ISO 4217)
ReservesUS$286.90 billion (2024)[2]
Reserve requirements7.1% (March 2023)[3]
Bank rate3.9% (August 2023)
Websitecbi.iq

The Central Bank of Iraq (CBI; Arabic: البنك المركزي العراقي) is the central bank of Iraq. It was established in 1947, the same year in which the British occupation of Iraq was ended. CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system.

  1. ^ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ "Iraq's central bank FX reserves rose to $113 bln, prime minister says". Reuters. Retrieved 15 Aug 2023.
  3. ^ Tang, Frank (17 March 2023). "Iraq releases US$72.6 billion of liquidity with cut to banks' reserve requirement ratio". CBI Iraq Post. Archived from the original on June 20, 2023. Retrieved 20 June 2023.

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