Iraq dollar exchange rates spike to 156,000 IQD at evening close
Baghdad (IraqiNews.com) – The parallel market exchange rates for the US dollar against the Iraqi dinar experienced a noticeable spike across major regional bourses during evening closing sessions on Saturday, June 20, 2026.
This sudden upward movement marks an immediate market reaction to emerging regional anxieties, gaining roughly 350 IQD compared to morning baseline trades. The parallel market premium continues to trade significantly higher than the official sovereign rate of 130,000 IQD per $100 mandated by the Central Bank of Iraq.
The following data outlines the local market trading parameters registered at the evening close:
Baghdad Bourses (Al-Kifah & Al-Harithiya)
- Selling Rate: 156,000 IQD per $100
- Buying Rate: 155,500 IQD per $100
Erbil Bourse (Kurdistan Region)
- Selling Rate: 156,000 IQD per $100
- Buying Rate: 155,650 IQD per $100
Basra Bourse (Southern Region)
- Selling Rate: 156,000 IQD per $100
- Buying Rate: 155,250 IQD per $100
Financial observers attribute this uniform push to the 156,000 IQD threshold across Baghdad, Erbil, and Basra to escalating geopolitical friction in the Gulf region.
Despite recent categorical statements by the Central Bank of Iraq denying any intent to officially devalue the currency, the psychological impact of maritime trade disruptions has induced localized speculative buying, temporarily driving up the value of the greenback on the informal market.