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    Currency in Iraq

    A practical currency and money guide to travel, living and doing business in Iraq and the Iraqi dinar (IQD).


    What currency is used in Iraq?

    The official currency of Iraq (country code: IQ) is the Iraqi dinar, with symbol ع.د and currency code IQD.

    An example Iraqi dinar banknote


    Travel Ideas and Money Tips for Iraq

    Describe Iraq for travelers and expats

    Iraq is a country in the Middle East with a history that dates back millennia. It is home to some of the world's most iconic archaeological sites, as well as large stretches of unspoiled desert and mountains. Iraq has been through a lot in recent years, with a devastating civil war and the rise of ISIS, but the country is slowly rebuilding and is safe to visit for travelers and expats. The Iraqi people are incredibly hospitable, and visitors will find plenty of opportunities to experience traditional Arab culture.

    Best things to do and see in Iraq

    -Explore the ancient city of Babylon

    -Visit the Shiite shrines in Karbala

    -Pay your respects at Saddam Hussein's tomb

    -Stroll through the markets of Baghdad

    -See the ancient city of Ur

    -Visit the Mosul Museum

    -Explore the Citadel of Erbil

    -Visit the ancient city of Nineveh

    Top Travel tips for Iraq

    -Visiting Iraq can be a rewarding and enlightening experience, but there are a few things to keep in mind to make the most of your trip.

    -The best time to visit Iraq is during the spring or fall when the weather is more moderate.

    -Be sure to dress conservatively, especially if you are a woman, and be respectful of local customs and traditions.

    -Iraq is a predominately Muslim country, so be mindful of religious traditions and customs.

    -The security situation in Iraq is unstable, so be sure to check the latest travel advisories before you go.

    -Iraq is a fascinating country with a rich history and culture. Be sure to allow plenty of time to explore all it has to offer.

    What's the best way to pay in Iraq?

    Most businesses in Iraq will accept cash payments in Iraqi dinars. There are ATMs available in major cities, but they may not always have sufficient funds. Credit cards are not widely accepted, so it is advisable to carry enough cash to cover all expenses.



    Expat Money & Business Guide to Iraq

    Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.

    By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Iraq.

    How is the cost of living in Iraq?

    The cost of living in Iraq is high.

    How is the expat life in Iraq?

    The expat life in Iraq can be quite challenging. There are a number of issues that can make it difficult to adjust to life in Iraq. These include the political situation, the security situation, and the economic situation. Additionally, the cultural differences can be quite pronounced.

    Any laws in Iraq that foreigners should be aware of?

    There are very few laws in Iraq that foreigners should be aware of. The Iraqi legal system is based on Sharia law, which is a set of religious laws that govern all aspects of life in the country. Sharia law is applied to both Muslims and non-Muslims, and it is the only legal system in Iraq. There are no secular laws in Iraq.

    What is doing business like in Iraq?

    There is no easy answer for this question as business conditions in Iraq vary greatly depending on the sector, location, and other factors. Some businesses are thriving in Iraq, while others are struggling. Overall, however, business conditions in Iraq are challenging. Security concerns, weak infrastructure, and bureaucratic red tape are just some of the many challenges businesses face in Iraq.

    How is the economy in Iraq?

    The economy in Iraq is slowly improving due to recent reforms and an increase in oil production. However, it remains relatively weak compared to other countries in the region. The unemployment rate is still high, and many Iraqis are living in poverty.

    Managing your finances in Iraq

    Here we list some key points for expats and businesses to consider when managing financial dealings in Iraq:

    1. Understand Iraqi dinar currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the IQD exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.

    2. Use a local Iraqi dinar bank account: A local IQD bank account can make it easier for you to manage your finances and pay bills while you are in Iraq. It may also be more convenient to use a local IQD bank account to make purchases and withdraw cash.

    3. Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Iraq. This can help you avoid legal issues and ensure that you are complying with local requirements.

    4. Consider the tax implications: It is important to understand the tax implications of living or doing business in Iraq. This can help you plan your finances and ensure that you are paying the correct amount of tax.

    5. Seek financial advice: If you are unsure of how to manage your finances in Iraq, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.


    USD/IQD – Market Data

    The exchange rate of Iraqi dinar (IQD), or the amount of IQD that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/IQD rate plus recent trend, chart, and historic rates.

    1 USD = 1460.0 IQD
    Sell USD  →  Buy IQD
    USD to IQD at 1460 is near its 3-month average of 1459, having fluctuated within a 2.4% range of 1439-1473
    USDIQD :

    15 Mar 2023
    0.1% 2 Week
    29 Dec 2022
    0% 3 Month
    29 Mar 2022
    0.1% 1 Year
    30 Mar 2018
    22.8% 5 Year
    31 Mar 2013
    25.7% 10 Year
    03 Apr 2003
    54.5% 20 Year
    USD/IQD historic rates & change to 29-Mar-2023


    Compare Iraqi dinar Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Iraq or planning a trip or maybe living there, so will need to exchange and spend Iraqi dinar.

    Loading comparison rates...

    ProviderAmountsRateTotal Cost

    It is important to note that the exchange rate of the Iraqi dinar can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect IQD exchange rates before making any financial decisions.





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