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
EuroEUR1497.4941496.745
British poundGBP1871.0801870.145
Canadian dollarCAD1162.6281162.047
Swiss francCHF1247.5931246.969
Swedish kronaSEK165.910165.827
Norwegian kroneNOK196.561196.463
Danish kroneDKK201.451201.351
Japanese yenJPY14.59914.591
Special
Drawing Rights		SDR1787.6181786.724
Indicative rates - 16.05.2012
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): Mar 2012 6.21%
Inflation (YoY): Mar 2012 8.31%
M2 growth (YoY): Jan 2012 14.8%

2012 Forecasts
GDP - real growth rate 11.1%
Budget deficit/GDP 10.0%
Current account surplus/GDP 9.1%
Net foreign reserves  $60B
BANKNOTES & COINS