IQD black market rate on Oct 12, 2026: 1,630 per USD
On Monday, October 12, 2026, the US dollar traded at about 1,630 IQD on Iraq's parallel (black) market at the close of observations so far. The day opened at 1,659 IQD, reached a high of 1,670 and a low of 1,583, a trading range of 87.47 IQD (5.53%).
Across 125 observations, the average price to buy dollars was 1,613 IQD and the average price received when selling dollars was 1,731 IQD. Over the session the Iraqi Dinar strengthened against the dollar (-1.76% from open to close).
Official rate vs black market rate on Oct 12, 2026
The official exchange rate published for Iraq on this date was 1,502 IQD per USD. The parallel-market close of 1,630 IQD therefore implied a premium of +8.52% over the official rate — a moderate gap consistent with limited but functioning official access to foreign exchange.
How Oct 12, 2026 compares
Compared with the previous observed day (Oct 11, 2026, close 1,659 IQD), the rate moved -1.76%.
One week earlier (Oct 5, 2026) the close was 1,510 IQD, so the weekly change was +7.95%.
Thirty days earlier (Sep 12, 2026) the close was 1,486 IQD, a +9.69% move over the month.
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 Oct 12, 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 Oct 12, 2026?
- The USD to IQD parallel market rate closed at approximately 1,630 IQD per US dollar on Monday, October 12, 2026, after trading between 1,583 and 1,670 IQD.
- How much did the IQD move against the dollar that day?
- From an open of 1,659 to a close of 1,630 IQD, the parallel rate moved -1.76% on Oct 12, 2026.
- What was the gap between the official and black market IQD rate on that date?
- The official rate was 1,502 IQD per USD versus a parallel close of 1,630 IQD, a premium of +8.52%.
- Was the IQD black market rate higher or lower than the day before?
- Lower: the previous observed close was 1,659 IQD on Oct 11, 2026, a change of -1.76%.
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.