Iraqi dinar weakens sharply against dollar on Baghdad, Erbil exchanges

BAGHDAD, Iraq — The U.S. dollar rose rapidly against the Iraqi dinar on the country's exchanges on Monday, June 22, 2026. Exchange records showed the selling price reaching 160,000 dinar per $100 in Baghdad and 159,200 dinar per $100 in Erbil, up from 157,400 dinar earlier the same day in the capital. The intraday move represented an increase of roughly 2,600 dinar per $100 within hours, making it one of the most notable swings of the trading session. Market participants attributed the movement to short-term shifts in supply and demand, though no official explanation was issued. The Central Bank of Iraq's daily reference rate stood at 1,310 dinar per $100 at the time of publication, leaving the exchange-floor market price well above the official figure. The gap between the official rate and the parallel-market price has long been a feature of Iraq's currency market. No further details on the drivers of the latest move were immediately available.