Central Bank of Iraq
The Central Bank of Iraq (CBI; Arabic: البنك المركزي العراقي; Kurdish: بانکی ناوەندی عێراق) is the central bank of Iraq. It was established in 1947, the same year in which the British occupation of Iraq was ended. CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system.
| Headquarters | Baghdad, Iraq |
|---|---|
| Established | 16 November 1947 |
| Ownership | 100% state ownership |
| Governor | Ali Mohsen Al-Alaq |
| Central bank of | Iraq |
| Currency | Iraqi dinar IQD (ISO 4217) |
| Reserves | US$286.90 billion (2024) |
| Reserve requirements | 7.1% (March 2023) |
| Bank rate | 3.9% (August 2023) |
| Website | cbi.iq |
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