WELCOME TO THE CENTRAL BANK OF IRAQ

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NEWS & ANNOUNCEMENTS

Updates

MANDATE

The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq.

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CurrencyCodeSellBuy
US dollarUSD1166.0001164.000
EuroEUR1509.0371508.283
British poundGBP1815.8121814.904
Canadian dollarCAD1152.1741151.598
Swiss francCHF1251.0731250.447
Swedish kronaSEK172.327172.241
Norwegian kroneNOK196.425196.327
Danish kroneDKK202.984202.882
Japanese yenJPY 14.95814.951
Special
Drawing Rights		SDR1790.9061790.011
Indicative rates - 26.01.2012
ECONOMIC DATA

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%
IQD 7 day deposit 4%
Primary credit facility 8%

Economic indicators

Core inflation (YoY): Dec 2011 6.97%
Inflation (YoY): Dec 2011 6.02%
M2 growth (YoY): Nov 2011 22.4%

For 2011F:
GDP - real growth rate 9.6%
Budget deficit/GDP 13.7%
Current account deficit/GDP 0.9%
Net foreign reserves  $60B
BANKNOTES & COINS