Central Bank of Iraq

Brief History

Established on 16 November 1947 as the National Bank of Iraq, under law N°. 43 of Regency Council, as government owned and controlled institution to carry out central banking functions (superseding Iraq Currency Board). The bank opened on 1 July 1949. In July 1956 its name changed to the Central Bank of Iraq. The new Iraqi dinar went into circulation on 15 October 2003. The currency exchange was completed on 15 January 2004. The legal framework for monetary policy and banking in

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