Iraqi Dinar (IQD) to USD — Iraq Parallel Market Rate
By the ETCurrency rates deskUpdated hourly from P2P & exchange-market dataHow we calculate rates
As of June 6, 2026, one US dollar costs about 1,487 IQD on the Iraq parallel market, so the Iraqi Dinar is worth roughly $0.00067 each. In practical terms, 1,000 IQD ≈ $0.67249 and 100,000 IQD ≈ $67.25 at the street rate, versus the official Central Bank of Iraq (CBI) rate of about 1,310 IQD per dollar.
Iraq sets an official dinar rate, but tighter controls on dollar transfers have kept a stubborn gap with the street price.
How much is the Iraqi Dinar worth in US dollars today?
Because the parallel market prices the dollar at about 1,487 IQD, you divide any Iraqi Dinar amount by that figure to get its dollar value. For example, 10,000 IQD ≈ $6.72, 50,000 IQD ≈ $33.62, and 1,000,000 IQD ≈ $672.49. At the official rate the same Iraqi Dinar would convert to slightly more dollars on paper — but only if you can actually access dollars at that rate.
This is why the parallel rate matters for anyone holding Iraqi Dinar: it shows the real, market-clearing dollar value rather than an official rate that may be hard to obtain.
Why the IQD to USD street rate differs from the bank
When you convert Iraqi Dinar to dollars at a bank, you get the official Central Bank of Iraq (CBI) rate — if dollars are available. On the parallel market the dollar is dearer, driven by factors such as the dollar-auction system, tighter US enforcement on banks, strong import and remittance demand, so each Iraqi Dinar fetches fewer dollars there.
Today that difference is a significant premium of roughly 16.3%. The larger this gap, the more the official rate overstates what your Iraqi Dinar is really worth in dollars.
Converting Iraqi Dinar to dollars safely
Use our converter to turn any Iraqi Dinar amount into USD at the live parallel rate, and compare it side by side with the official rate. Exchange-rate figures here are aggregated from P2P platforms, community reports and market monitoring, and refreshed hourly.
These rates are published for information and price-transparency only — they are not an offer to trade and are not legal or financial advice. Many countries require foreign-currency transactions to go through licensed channels, so confirm the rules in Iraq and use reputable providers before converting any Iraqi Dinar to dollars.