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
EuroEUR1505.3061504.553
British poundGBP1877.7261876.788
Canadian dollarCAD1195.5301194.932
Swiss francCHF1242.4081241.787
Swedish kronaSEK177.058176.970
Norwegian kroneNOK202.899202.798
Danish kroneDKK201.957201.856
Japanese yenJPY14.99514.987
Special
Drawing Rights		SDR1795.9901795.092
Indicative rates - 16.09.2012
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): Aug 2012 4.99%
Inflation (YoY): Aug 2012 7.01%
M2 growth (YoY): June 2012 14.2%

2012 Forecasts
GDP - real growth rate 11.1%
Budget deficit/GDP 10.0%
Current account surplus/GDP 9.1%
Net foreign reserves  $63B
BANKNOTES & COINS