CBI denies rumors of changing exchange rate to 1,600 dinar

The Central Bank of Iraq firmly dismissed persistent rumors on June 17, 2026, about a potential devaluation of the Iraqi dinar to 1,600 per dollar. This denial comes amid growing concerns among the public and investors about economic stability and inflation. The speculation was fueled by a purported document, which the CBI declared as fake. This move is crucial to maintain confidence in the nation's currency and economic policies, preventing unnecessary market volatility and panic.