Exchange Rate in Iraq
Iraq - Exchange RateAfter shrinking in annual terms in Q1 on a sharp decline in oil output, the economy should have fared somewhat better in Q2, with the downturn in the energy sector likely easing thanks to a more favorable base of comparison, and higher oil prices boosting government revenue. However, momentum in the non-energy sector was likely curtailed by elevated insecurity, the tightening of restrictions in May and electricity shortages towards the end of the quarter. Heading into Q3, the oil sector is strengthening. Crude output was up markedly year-on-year in July, while oil exports rose in August amid OPEC+’s decision to loosen production limits. However, ongoing Covid-19 restrictions and terrorist attacks on the electricity network are likely restraining activity in the non-oil sector.
Iraq - Exchange Rate Data
|Exchange Rate (vs USD)||1,096||1,182||1,185||1,193||1,194|
5 years of economic forecasts for more than 30 economic indicators.
Iraq Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||1,194||0.0 %||Jan 01|
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