US dollar consolidates at 169,000 dinars across major Iraqi markets

Packs of Iraqi dinars and a person counting a pack of US dollars. Photo: NRT Baghdad (IraqiNews.com) – The exchange rate of the U.S. dollar against the Iraqi dinar consolidated at the 169,000 IQD threshold across major secondary markets on Tuesday morning, November 10, 2026, breaking roughly a week of price stability near 167,000 IQD per $100. According to morning trading data compiled across regional financial centers, physical banknote rates traded as follows: Baghdad: Currency exchange bureaus posted retail selling rates at 169,000 IQD against buying bids of 168,250 IQD per $100. Erbil: Selling desks recorded 169,000 IQD alongside purchase offers of 168,500 IQD per $100. Basra: Foreign exchange offices quoted retail sales at 169,000 IQD and buying rates at 168,500 IQD per $100. The uniform 169,000-dinar selling rate across Baghdad, Erbil, and Basra underscores nationwide synchronization in parallel cash pricing. The movement maintains a persistent 17,000-dinar premium over the Central Bank of Iraq’s (CBI) official benchmark rate of 152,000 IQD per $100 (1,520 IQD per dollar), reflecting enduring demand for physical greenbacks in secondary commercial clearing and cross-border cash transactions outside the formal banking window.