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.

The functions of the CBI in addition to achieving its primary objectives are:

  • Implement the monetary policy and the exchange rate policy of Iraq.
  • Hold gold and manage the state reserves of gold.
  • Issue and manage the Iraqi currency.
  • Establish, oversee, promote a sound and efficient payment system.
  • Issue licenses or permits in addition to regulating and supervising the banking sector as specified by the Banking Law.
  • Carry out any ancillary tasks or transactions within the framework of Iraqi law.


CBI_Strategic_Plan (2016-2020)

Organizational Structure

Members of the Board of Directors and General Managers


Governor Agency (Mr.Ali Mohsen Ismail )


 Governor Agency : Mr. Ali Mohsen Ismail                                                                                                                                  



Deputy Governor (Mr. Zuhair Ali Akbar)


 Deputy Governor :Mr. Zuhair Ali Akbar                                                                                                                                                     


Holidays in (2016)in addition to Friday and Saturday

Jan. 1 New Year's Day

6 Army Day/1921
Mar. 21 Spring Day
May 1 Labour Day
July *7 Id Al-Fitr (3Days)

14 14th July Revolution /1958
Sept. *13 Id Al-Adha (4 Days)
Oct. *4 Islamic New Year
  *13 Ashoura Day


Dates noted with asterisk (*) are approximate