US dollar edges down to 167,000 range across major Iraqi exchanges

A seemingly ordinary villa in the Libyan capital Tripoli holds a lifetime of works by the late Libyan artist Ali Gana, whose family has turned his house into a unique museum Baghdad (IraqiNews.com) – The exchange rate of the U.S. dollar against the Iraqi dinar posted a modest decline across parallel market counters on Monday, October 26, 2026, pulling wholesale and retail rates toward the 167,000 dinar range across major commercial hubs after touching near 170,000 dinars per $100 last week. The downward trajectory follows recent statements delivered on Friday, October 23, by Prime Minister Ali Al-Zaidi, who stated that Washington will dispatch $1 billion in physical cash consignments to Iraq and assured the public that parallel market rates are slated to drop toward 155,000 dinars per $100 in the coming period. According to market rate data, cash counters in Baghdad registered retail selling prices at 168,500 dinars against buying bids of 167,500 dinars per $100. In Erbil, trading bureaus posted selling rates at 168,000 dinars alongside purchase offers of 167,850 dinars. Across the southern commercial center of Basra, foreign exchange desks listed selling prices at 168,000 dinars and purchase bids at 167,500 dinars per $100. Despite the recent downward movement, street rates retain a significant spread above the Central Bank of Iraq’s official statutory cash peg, which remains set at 152,000 dinars per $100 (1,520 dinars per dollar), reflecting persistent parallel cash demand beyond the official electronic trade financing platform.