The Central Bank of Iraq announced on Thursday, April 23, 2026, that the exchange rate of the U.S. dollar against the Iraqi dinar remained stable at 1,310 dinars per dollar, within the framework of the 2026 budget that adopted this rate as an official benchmark for government and banking transactions. This stability comes amid severe international fluctuations caused by the geopolitical crisis in the Gulf region.

An official source at the Central Bank confirmed that the monetary institution is taking strict precautionary measures to ensure market stability and prevent any price manipulation. The source explained that the bank continues to inject foreign currency through its electronic platform on a daily basis to cover essential imports, particularly in the energy and food sectors. The source also noted that foreign currency reserves remain at safe levels sufficient to cover the country's imports for more than six months.

Meanwhile, the Baghdad Chamber of Commerce pointed out that the parallel market witnessed a slight increase in dollar exchange rates, reaching 1,325 dinars in some areas, reflecting tension between supply and demand. The chamber called on the government to accelerate financial reform measures and diversify national income sources to reduce dependence on crude oil. In the same context, economic experts warned that the continued closure of the Strait of Hormuz could lead to major disruptions in global energy supplies and push oil prices beyond $150 per barrel.