Iraq's central bank rejects claims of dinar devaluation

BAGHDAD, Iraq — The Central Bank of Iraq (CBI) on Wednesday rejected circulating claims that the country's official dinar exchange rate would be devalued or adjusted, calling the reports a deliberate disinformation campaign. The bank, in a statement carried by the Iraqi News Agency (INA), said a fabricated official document had spread across financial networks and fueled market anxiety. The central bank reiterated that the official exchange rate remains fixed at 1,300 dinar per 100 U.S. dollars, applied using the 130,000-dinar threshold used by local exchanges. It said any information on monetary policy, national liquidity parameters and exchange rate benchmarks must be verified only through its official and authorized channels. The bank urged local media platforms and citizens to exercise caution when sharing economic news. No further details were immediately available.