US dollar exchange rates in Baghdad, Erbil, and Basra

Packs of Iraqi dinars. Photo: Al-Ain News BAGHDAD, Iraq — Parallel market exchange rates for the U.S. dollar against the Iraqi Dinar (IQD) diverged across Iraqi trading hubs on Sunday, September 6, 2026, with Basra crossing the 155,000 threshold while Baghdad and Erbil remained consolidated beneath it. Retail selling rates in Basra rose to 155,250 IQD per $100 USD, marking the highest rate among major regional bourses. Baghdad held steady at 154,750 IQD per $100 USD, while Erbil saw modest upward movement to 154,500 IQD per $100 USD. All regional parallel bourses continued to trade at a substantial premium above the Central Bank of Iraq’s (CBI) official benchmark peg of 131,000 IQD per $100 (1,310 IQD per $1 USD). Daily Exchange Rates by City (per $100 USD) Major MarketSelling Price (IQD)Buying Price (IQD)Market SpreadBaghdad154,750154,500250 IQDErbil154,500153,750750 IQDBasra155,250154,750500 IQD Market Dynamics and Official Benchmark Comparison Basra Crosses 155,000 IQD: Basra’s retail selling rate climbed by 500 IQD from Saturday’s close to touch 155,250 IQD, widening the southern commercial hub’s premium over the official rate to 24,250 IQD per $100 (~18.5%). Compressed Spread in Baghdad: Baghdad exchange bureaus operated with a tight bid-ask spread of 250 IQD (selling at 154,750 IQD against a buying floor of 154,500 IQD), reflecting strong wholesale turnover and liquid retail trading in central markets. Erbil Movement: The Kurdistan Region capital edged upward by 500 IQD on the selling side to reach 154,500 IQD, while widening its buying margin to 750 IQD.