IQD black market rate on Jun 16, 2026: 1,487 per USD
On Tuesday, June 16, 2026, the US dollar traded at about 1,487 IQD on Iraq's parallel (black) market at the close of observations. The day opened at 1,505 IQD, reached a high of 1,520 and a low of 1,484, a trading range of 36.05 IQD (2.43%).
Across 288 observations, the average price to buy dollars was 1,505 IQD and the average price received when selling dollars was 1,539 IQD. Over the session the Iraqi Dinar strengthened against the dollar (-1.16% from open to close).
Official rate vs black market rate on Jun 16, 2026
The official exchange rate published for Iraq on this date was 1,312 IQD per USD. The parallel-market close of 1,487 IQD therefore implied a premium of +13.37% over the official rate — a wide gap that typically signals dollar shortages in the formal banking system.
How Jun 16, 2026 compares
Compared with the previous observed day (Jun 15, 2026, close 1,505 IQD), the rate moved -1.16%.
How this daily figure is produced
ETCurrency samples Iraq's USD/IQD parallel market throughout the day from peer-to-peer stablecoin order books and, where available, community submissions. Each sample is filtered for outliers and aggregated into a single buy and sell quote; the figures above are the first, highest, lowest and last of those aggregated quotes for Jun 16, 2026 (UTC).
USDT peer-to-peer prices closely track cash dollar prices in most parallel markets but are not identical to them: payment-method fees, merchant margins and local demand for stablecoins can all add a few tenths of a percent.
Frequently asked questions
- What was the dollar to Iraqi Dinar black market rate on Jun 16, 2026?
- The USD to IQD parallel market rate closed at approximately 1,487 IQD per US dollar on Tuesday, June 16, 2026, after trading between 1,484 and 1,520 IQD.
- How much did the IQD move against the dollar that day?
- From an open of 1,505 to a close of 1,487 IQD, the parallel rate moved -1.16% on Jun 16, 2026.
- What was the gap between the official and black market IQD rate on that date?
- The official rate was 1,312 IQD per USD versus a parallel close of 1,487 IQD, a premium of +13.37%.
- Was the IQD black market rate higher or lower than the day before?
- Lower: the previous observed close was 1,505 IQD on Jun 15, 2026, a change of -1.16%.
Figures are aggregated parallel-market observations for Iraq in UTC and are indicative only; they are not a quote to trade. See the full USD → Iraqi Dinar history or today's live rate.