Exchange Rate in Iraq

Iraq Exchange Rate | Economic News & Forecasts

Iraq - Exchange Rate

The economy grew 5.5% in the second quarter according to recent statistical institute data. The oil sector expanded solidly, underpinned by stronger crude production. Moreover, the non-oil sector surged, likely supported by loose fiscal policy in the form of a higher wage bill and subsidies, stronger electricity generation and supportive weather conditions. Turning to the third quarter, the oil sector likely lost steam; annual crude production growth ebbed notably from Q2, partly as Iraq reined in output in September following months of under-compliance with OPEC+ restrictions. However, the expansionary fiscal stance should have continued to benefit the non-oil sector. In other news, widespread protests have erupted in past weeks, highlighting continued social and economic fragility despite the recent improved macroeconomic performance.

Iraq - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)1,165  1,143  1,096  1,182  1,185  

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Iraq Exchange Rate Chart

Iraq Exchange Rate
Note: Iraqi dinar (IQD) per U.S. dollar
Source: Thomson Reuters.

Iraq Facts

Exchange Rate1,1930.0 %Sep 04

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