Dollar rises against Iraqi dinar in local markets

BAGHDAD, Iraq — The US dollar opened the week higher against the Iraqi dinar in local markets on Saturday, June 13, 2026, trading above recent levels in non-bank and non-jewelry transactions. While the Central Bank of Iraq’s daily official reference rate held steady at 1,310 dinars per dollar, the greenback was quoted at 1,422–1,425 dinars on the parallel market, according to the published exchange rates. The persistent gap between the official rate and the parallel-market price is closely monitored by market participants, as it directly affects cost calculations for importers and small businesses. The buy-sell spread at exchange shops outside banks and jewelry stores is being watched particularly closely by traders. The dinar’s depreciation on the parallel market typically feeds quickly into the prices of staple goods, including food, fuel and vehicles. Iraqi consumers, who track daily exchange-rate moves, are looking to the government for additional measures aimed at stabilizing the currency. No further details on policy steps were immediately available.