The Iraqi Dinar Faces Renewed Pressure as the Dollar Continues to Rise in the Parallel Market

Concerns have returned to loom over local Iraqi markets with the recording of a new increase in the exchange rates of the US Dollar against the Iraqi Dinar, surpassing the 154,000 dinars per one hundred dollars mark in the parallel markets of the capital, Baghdad, and several provinces. This rise, despite the continuous attempts by the Central Bank of Iraq to regulate the tempo through the electronic platform for executing transfers, reflects structural challenges within the financial system and the persisting gap between the official rate and the market rate. These price movements immediately translate into higher costs for imported goods, putting direct pressure on citizens' purchasing power and increasing imported inflation rates. This complex situation necessitates the adoption of stricter monetary policies and enhanced transparency in financing foreign trade to curb speculation and restore confidence in the national currency, ultimately protecting the stability of local markets.


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Editor at Dijlah Point News, writing about Eco.

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The Iraqi Dinar Faces Renewed Pressure as the Dollar Continues to Rise in the Parallel Market

admin
20 Apr 2026
1 min read