The Iraqi dinar exchange rate against the dollar rises by the end of the week economy

The Iraqi dinar exchange rate against the dollar rises by the end of the week economy

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18/7/2025–|Last update: 03:05 (Mecca time)

Baghdad – The Iraqi dinar exchange rate against the dollar increased today, Thursday, in the parallel market, with stability in the price in the official market, with the weekly closure of the activity of the currency exchange market in the Iraqi provinces.

The exchange rate of the Iraqi dinar in the parallel market

  • The price of the dollar in Baghdad reached 1410 dinars when selling and 1402.5 dinars when purchasing, and the price was yesterday for sale 1417.5 dinars, while the purchase price was 1405 dinars.
  • In Erbil, the sale price reached 1410 dinars, and the purchase price was 1402.5 dinars, after yesterday evening 1417 dinars for sale, while the purchase price was 1411.5 dinars.
  • The exchange rate in Basra 1410 dinars for sale and 1402 dinars for purchase in trading today, after he registered yesterday evening for sale 1416 dinars, while the purchase was 1410 dinars.
BAGHDAD, IRAQ - OCTOBER 15: The new Iraqi dinar banknotes are shown on the counter ready for distribution at the Bank of Baghdad October 15, 2003 in Baghdad as the currency is introduced for the first time. Missing on the bills is the smiling face of Saddam Hussein. Unlike the old ones, the new notes are nearly impossible to forge. Its is a major hope that the new currency will be a giant step towards securing the economic future of the country. (Photo by Paula Bronstein/Getty Images)
The Central Bank of Iraq proves the dinar exchange rate against the US dollar (Getty)

Dinar exchange rate in official transactions

  • The sale price for transfers, documentary credits, and international electronic cards: 1310 dinars for the dollar.
  • selling price: 1305 dinars per dollar.
  • Selling price in banks: 1310 dinars per dollar.

Treatings are limited Central Bank Only selling to the American currency, its decision is binding on banks, and the sale is for travelers only outside the country.

Factors affecting the dinar exchange rate

  • Currency sale auction: The volume of daily sales in the currency sale auction significantly affects the exchange rate.
  • Central Bank procedures: The measures taken by the central bank in addressing external transfers play an important role in stabilizing the exchange rate.
  • The need for the dollar: Traders need the dollar to import goods from countries that suffer from economic sanctions from the American Federal Reserve, and it is prohibited to transfer the dollar through the official platform directly on the dollar exchange rate against the dinar.
  • Dinar smugglingSome traders work by smuggling the dinar to other countries to benefit from the exchange rate teams between the official and the parallel.
  • Merchants of merchants: Some merchants get leaked information about a possible procedure related to changes in the mechanism of dealing with dollars, so these stock exchanges take precautionary measures to raise or reduce the price, purchase or sale only to anticipate the repercussions of the potential decision, and sometimes these leaks are just rumors.

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