Dollar steady near 153K dinars

The dollar exchange rate in Iraq today, Monday, August 17, 2026, remains relatively stable in the parallel market at approximately 153,200-153,250 dinars per 100 dollars, after approaching levels close to 154,000 dinars last week. Meanwhile, the official rate stays at 1,310 dinars per dollar, reflecting a gap of about 222 dinars (roughly 16.9%) between the parallel market and the official rate. The reasons for this fluctuation are attributed to demand for foreign currency, the availability of dollars through official channels, movements in the oil market, and regional tensions, especially in the Strait of Hormuz. Expectations indicate that the rate may stabilize around 153,000 dinars or increase if demand rises or liquidity decreases. The development of the oil market and regional geopolitical situations will be key in determining the course of the Iraqi market in the coming period.

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