Iraq dollar sales down 36% in early 2026
The Iraqi Central Bank's foreign currency sales declined by 36% during the first five months of 2026, totaling $22.531 billion compared to $35.201 billion in the same period of 2025. The sales were distributed as $1.038 billion in cash and $21.493 billion to support bank reserves outside the foreign exchange sell window, with no sales recorded through remittances or international settlements. In May 2026, sales amounted to $5.191 billion, down from April and May 2025.
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