Exchange Rate in Iraq
Iraq - Exchange RateAlthough the economy seems to have gained impetus in Q4 2018 due to higher oil production, OPEC supply cuts have weighed on production since, which could undermine the recovery ahead. According to OPEC data, Iraq pumped 4.7 million barrels per day (mbpd) in January, down almost 0.5 mbpd from December’s level but still above the 4.5 mbpd agreed upon. That being said, a tighter global oil market is pushing up oil prices, which could help replenish Iraq’s coffers somewhat. Meanwhile, France allocated a USD 1.15 billion loan to assist in the reconstruction of the region, with French companies expected to participate in Iraqi efforts to rebuild next quarter.
Iraq - Exchange Rate Data
|Exchange Rate (vs USD)||1,165||1,143||1,096||1,182||1,185|
5 years of economic forecasts for more than 30 economic indicators.
Iraq Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||1,193||0.0 %||Mar 11|
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