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 [ar]
Central bank of Iraq
CurrencyIraqi dinar
IQD (ISO 4217)
ReservesUS$113 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 a monetary authority established in 1947, shortly after the end of the British occupation of Iraq. The 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.