CurrenciesEconomy

Current Dollar Exchange Rates Across Iraqi Markets: Key Insights for February 2022

Current Exchange Rates Overview

Exchange Rates in Major Iraqi Cities

Baghdad

  • Selling Price: 150,000 IQD
  • Purchase Price: 150,300 IQD

Erbil

  • Selling Price: 150,450 IQD
  • Purchase Price: 150,300 IQD

Basra

  • Selling Price: 151,000 IQD
  • Purchase Price: 150,250 IQD

On February 7, 2022, the Council of Ministers made a pivotal announcement regarding the adjustment of the exchange rate for the US dollar, which has been modified to 1,320 Iraqi dinars per dollar.

This adjustment is poised to have significant implications for both the domestic economy and international trade, reflecting ongoing efforts to stabilize the currency and address inflationary pressures. As Iraq continues to navigate economic challenges, understanding these exchange rates is crucial for businesses and investors in the region.

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