IQD Iraqi Dinar

Updated October 5, 2024

IQD Iraqi Dinar Update – October 2024

Central Bank Actions

The cbiraq.org Central Bank of Iraq continues to review the possibility of deleting zeros from the Iraqi dinar, Iraq national currency. Governor Al-Alaq recently stated that they are “constantly reviewing the deletion of zeros from the dinar,” and emphasized that there are “no restrictions on our balances in America”

This suggests that Iraq has more control over its currency and financial decisions.

 

As of October 2024, the IQD Iraqi dinar continues to experience fluctuations influenced by various economic and political factors. Recently, Iraq has been focusing on strengthening its economy amidst ongoing challenges, including inflation and regional instability.

The Central Bank of Iraq cbiraq.org has implemented measures to stabilize the currency, including adjustments to monetary policy and efforts to enhance foreign exchange reserves. Oil prices, a critical driver of Iraq’s economy, remain volatile but have shown some recovery, which could positively impact the dinar’s value.

However, uncertainties surrounding political developments and security issues in the region persist, influencing investor confidence. It’s important for those interested in the dinar to stay informed about these dynamics and consider them in their investment decisions.

Current Exchange Rate of IQD

As of September 24, 2024, the Iraqi dinar (IQD) is trading at approximately 1,310.44 IQD to 1 USD

This represents a slight increase from previous trading sessions, indicating some stability in the exchange rate.

Stay tuned for further updates as the situation evolves!

The price of the dollar in IQD-Iraq Dinar today, Monday, May 17 2021

The exchange rates of the dollar against the Iraqi dinar jumped during today’s evening trading, Monday, May 17, 2021, in the main stock market and markets.

The exchange rates in exchange offices and local markets in the capital, Baghdad, were recorded at about 1480 dinars for purchase, and 1490 dinars for sale.

The average price of the dollar in Iraq is calculated according to the average selling price in the Al-Kifah Stock Exchange (Baghdad Stock Exchange). The average price of the dollar varies in the governorates of Diyala, Mosul, Salah al-Din, and Basra, with a margin between 10 and 20 dinars, up or down.

And approved the Iraqi budget for 2021, fixing the exchange rate of the US dollar at 1450 dinars per US dollar.

The passage of the fiscal budget for 2021 without changing the exchange rate of the dollar caused an increase in the price of the green currency in the local markets.

Dollar prices in Iraq

The exchange rate of the dollar against the Iraqi dinar was recorded today, Monday, at the Kifah Stock Exchange in Baghdad, about 1485 dinars.

While the price of the dollar against the Iraqi dinar in Mosul, on Monday, was about 1486.50 dinars.

The price of the dollar in Basra today, Monday, was about 1,485 dinars.

The price of the dollar, Monday evening, in Erbil, was about 1485.25 dinars.

While the price of the dollar in Sulaymaniyah recorded today, Monday, about 1486 dinars, which is the same price in Al-Harithiya.

And the price of the dollar in Doha, Monday evening, was about 1485.50 dinars.
Euro and British Pound rates

The price of the euro against the Iraqi dinar today, Monday, was about 1748.50 dinars for purchase, and 1749.15 dinars for sale.

As for the price of the pound, it was recorded against the Iraqi dinar, towards 2030.51 dinars for purchase, and 2031.58 dinars for sale.
Real, dirham and dinar prices

The exchange rate of the Saudi riyal against the Iraqi dinar was about 383.03 dinars for purchase, and 383.29 dinars for sale.

As for the price of the Emirati dirham, it was recorded against the Iraqi dinar, about 392.03 dinars for purchase, and 392.24 dinars for sale.

The price of the Kuwaiti dinar against the Iraqi dinar scored about 4,778.05 dinars for purchase, and 4,786.13 dinars for sale.

Posted in Economics -by Al Ain News