Dollar Retreats Below 160,000 Dinar Mark Across Iraqi Exchanges

The US dollar experienced a slight retreat across parallel currency exchanges in Iraq on September 20, 2026, dipping below the 160,000-dinar mark.

Major trading hubs including Baghdad, Erbil, and Basra saw exchange bureaus quote selling rates at between 158,500 to 159,750 dinars per $100, with buying rates ranging from 158,250 to 159,000 dinars.

The parallel exchanges continue to trade at a substantial premium above the Central Bank of Iraq's official rate of 131,000 dinars per $100, reflecting ongoing domestic cash-flow constraints and defensive trading behavior among market participants.