Kurdistan Region Currency Update
Current market conditions indicate that the value of the Iraqi dinar is stable within the Kurdistan Regional Government (KRG) territories. According to currency exchange specialists, the central bank is actively injecting significant amounts of currency into the market, countering low demand.
The current exchange rate stands at 148,350 dinars for every 100 US dollars, reflecting the performance of the dinar against the US dollar.
The appreciation of the dinar can be attributed to several factors, the most notable being an increased supply of US dollars from the central bank, which has reached unprecedented levels.
As of today, the conversion rates for various currencies are as follows:
| Currency | Amount | Equivalent in Dinars |
|---|---|---|
| Syria Lira | 1,000,000 | 166,000 |
| Iranian Rial | 9,350,000 | 100 USD |
| Turkish Lira | 100 | 3,600 |
Additionally, based on data from the dollar market in Sulaimani, the value of select currencies is listed below:
| Currency | Amount | Equivalent in Dinars |
|---|---|---|
| Euros | 100 | 152,250 |
| Pounds Sterling | 100 | 183,250 |
| Swedish Krona | 1,000 | 114,500 |
| Norwegian Krona | 1,000 | 112,500 |
