Iraq's currency in circulation reached 113.56 trillion dinars, or $86.3 billion, at the end of May

The Central Bank of Iraq reported that the country's currency in circulation reached 113.560 trillion dinars, or $86.3 billion, at the end of May 2026, compared with 112.896 trillion dinars ($85.8 billion) at the end of April. The figures were published on Tuesday, 13 Mordad 1405 (4 August 2026).

Iraq's currency in circulation rose steadily through the first five months of 2026, from 99.799 trillion dinars ($76.8 billion) in December 2025 to 101.431 trillion dinars in January, 104.614 trillion dinars in February, 108.985 trillion dinars in March and 112.896 trillion dinars in April. The total increase from the end of 2025 is 13.761 trillion dinars ($10.6 billion), or 13.8 percent. The largest monthly jump came in March at about 4.371 trillion dinars, while growth slowed in May to about 664 billion dinars ($511 million).

The trend has been reported alongside pressure on Iraq's public finances, a gap between government revenue and spending, disruptions to oil revenue flows and delays in salary payments at some state institutions. Mahmoud Dagher, a financial and banking expert and a former director general at the Central Bank of Iraq, described the measure as a normal central bank operation but the only short term tool available to provide liquidity, warning it could add to inflationary pressure and strain foreign currency reserves. Iraq is one of Iran's main trading partners, so the state of the dinar matters to Iranian exporters.