Iraqi Dinar Exchange Rates Fall to Record Lows in Baghdad and Erbil

On July 21, 2026, the Iraqi dinar weakened against the U.S. dollar in both Baghdad and Erbil. In Baghdad's Al‑Kifah and Al‑Harithiya exchanges, the selling price fell to 149,600 dinars per 100 dollars, down from 150,800 the day before. In Erbil, the selling price reached 150,050 dinars and the buying price 149,900 dinars per 100 dollars.

Commentators linked the decline to ongoing uncertainty about whether Iraq will retain or drop the zeros on its currency, a factor that could affect investors' expectations of future wealth and the nation's purchasing power. Some hope a stronger dinar will lower import costs, curb inflation, and attract foreign investment, while others caution that the currency’s trajectory remains unpredictable.