US dollar edges Past 169,000 dinars across major Iraqi markets

Packs of Iraqi dinars. Photo: Al-Ain News Baghdad (IraqiNews.com) – The exchange rate of the U.S. dollar against the Iraqi dinar posted another marginal uptick across major domestic parallel markets on Wednesday morning, November 11, 2026, consolidating above the 169,000 IQD mark in primary trading hubs after roughly a week of stabilizing around 167,000 IQD per $100. According to morning data across key regional commercial centers, physical cash rates traded as follows: Baghdad: Currency exchange counters registered retail selling prices at 169,250 IQD against buying offers of 168,750 IQD per $100. Erbil: Currency desks posted higher margins, with selling rates touching 169,500 IQD and buying rates settling at 169,200 IQD per $100. Basra: Foreign exchange offices matched the capital’s pricing, quoting selling rates at 169,250 IQD and buying bids at 168,750 IQD per $100. The slight upward adjustment keeps secondary market cash rates well above the official benchmark set by the Central Bank of Iraq (CBI), which remains fixed at 152,000 IQD per $100 (1,520 IQD per dollar). This persistent price spread reflects ongoing demand for physical banknotes to finance unrecorded imports and cash-settled regional trade transactions outside the central electronic wire platform.