Exchange Rate in Iraq
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 |
Iraq Exchange Rate Chart
Source: Thomson Reuters.
Iraq Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1,193 | 0.0 % | Sep 04 |
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