Central Bank of Iraq

Central Bank of Iraq
البنك المركزي العراقي
HeadquartersBaghdad, Iraq
Established16 November 1947 (1947-11-16)
Ownership100% state ownership
GovernorAli Mohsen Al-Alaq
Central bank of Iraq
CurrencyIraqi dinar
IQD (ISO 4217)
ReservesUS$113 billion (2024)
Reserve requirements7.1% (March 2023)
Bank rate3.9% (August 2023)
Websitecbi.iq

The Central Bank of Iraq (CBI; Arabic: البنك المركزي العراقي) is a monetary authority established in 1947, shortly after the end of the British occupation of Iraq. The CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system.