Iraqi Dinar Falls Against Dollar in Baghdad and Erbil
The US dollar exchange rate in Iraq decreased today, Saturday, 4/7/2026, against the Iraqi dinar, approaching 154,000 dinars per hundred dollars. The black market in Baghdad and Erbil saw a decline due to reduced local demand, improved oil revenues, and a calming of supply risks. In Baghdad, the exchange rate dropped from 155,000 to 154,050 dinars, while in Erbil it decreased from 154,650 to 153,850 dinars, before the market rate retreated to levels below those at the end of June. Despite this, a significant gap remains compared to the official rate of 132,000 dinars.
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