Packs of Iraqi dinars and a person counting a pack of US dollars. Photo: NRT Baghdad (IraqiNews.com) — Parallel market exchange rates for the U.S. dollar against the Iraqi Dinar (IQD) registered modest regional divergence across wholesale bourses in Baghdad, Erbil, and Basra on Wednesday, September 2, 2026. Selling prices in both Baghdad and Basra rose to 154,750 IQD per $100 USD, while Erbil recorded a lower trading band at 153,500 IQD per $100 USD. All parallel market hubs maintained a persistent premium over the Central Bank of Iraq’s (CBI) official benchmark rate 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 SpreadBaghdad154,750153,7501,000 IQDErbil153,500153,000500 IQDBasra154,750154,250500 IQD Market Dynamics and Official Benchmark Comparison Parallel Premium: Baghdad and Basra’s retail selling rate reflects a premium of 23,750 IQD per $100 (~18.1%) over the official central bank rate. Regional Price Gap: Erbil traded at a 1,250 IQD discount on the selling side compared to Baghdad and Basra, indicating localized variations in cash dollar demand and cross-border settlement liquidity. Trading Spreads: Erbil and Basra maintained tighter bid-ask margins of 500 dinars, while Baghdad exchange shops operated with a wider 1,000-dinar margin between buying and selling transactions.
US dollar exchange rates in Baghdad, Erbil, and Basra
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