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
EuroEUR1480.0041479.264
British poundGBP1871.7801870.844
Canadian dollarCAD ----- -----
Swiss francCHF1227.2391226.626
Swedish kronaSEK160.985160.905
Norwegian kroneNOK176.581176.493
Danish kroneDKK198.742198.643
Japanese yenJPY10.89410.889
Special
Drawing Rights
SDR1735.1251734.257
Indicative rates - 23.10.2014
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): Nov. 2013 1.27%
Inflation (YoY):  Nov. 2013 2.70%
M2 growth (YoY): Sep. 2013 17.06%

2012 Forecasts
GDP - real growth rate 10.2%
Budget deficit/GDP 10.0%
Current account surplus/GDP 0.3%
Net foreign reserves  $67B
BANKNOTES & COINS