Central Bank of Iraq

Rule Changes

Runs a solar loan program

Iraq's cabinet approved zero customs duties on imported solar panels, inverters, lithium batteries and cables on October 20, 2026. The rate had been as high as 33% before a February 2026 cut to 5%.

Updated Nov 1

Rule Changes

Set new official exchange rate

Five months after Ali al-Zaidi took office, Iraq's parliament completed his cabinet on October 15, approving eleven ministers and three deputy prime ministers. One deputy, Laith al-Khazali, is under US sanctions; diplomatic sources say Washington approved the deal after al-Zaidi promised to disarm Iran-backed groups.

Updated Oct 16