The Dinar Is Recovering. Four Painful Blows To The Parallel Dollar Reveal The Successes Of The Iraqi Economic Program.

July 26, 2025  Baghdad / Iraq Observer 
 
The US dollar in Iraq is witnessing significant  and sustained decline against the national dinar, following a significant period of fluctuation far from the official exchange rate.  This was not arbitrary,  but rather the result of a comprehensive economic policy pursued by the Iraqi government as part of a reform vision it envisioned within its program.  Amid escalating debate over the stability of the Iraqi market and the varying indicators associated with the dollar exchange rate, the  Prime Minister's financial advisor, Mazhar Mohammed Salih,  issued detailed statements revealing the reasons for the continued decline in the value of the dollar on the parallel market,  compared to a significant rise in the strength of the Iraqi dinar.

More Than 24 Billion Dinars In Fines Imposed On Banks And Financial Companies In Iraq.

Local  The Central Bank of Iraq announced on Saturday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 24 billion Iraqi dinars over the past three months.

A table issued by the bank showed that fines imposed on banks and financial companies during the past three months, starting in April and ending in June, amounted to 24 billion, 942 million, 377 thousand, and 239 dinars, a decrease compared to the first three months of the current year, when penalties amounted to 41 billion, 268 million, 578 thousand, and 75 dinars.