Central Bank of Iraq Sets Foreign Currency Quotas for Travelers

The Central Bank of Iraq revealed on Thursday the adoption of new regulations for distributing foreign cash to departing citizens at a rate of two thousand US dollars every two months, with a maximum limit of six times during the year. The bank explained in an official statement that work on these newly introduced regulatory arrangements will officially start beginning Sunday, October 18, 2026. The concerned authorities indicated that the main objective of this step lies in organizing the process of acquiring foreign currencies and ensuring they reach those eligible based on previously announced standards.