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On October 4, 2026, the Central Bank of Iraq (CBI) homepage showed a reference rate of 1 USD = 1,310 IQD. At that rate, 1 IQD is approximately $0.0007634, and 1,000 IQD is approximately $0.7634. This is a reciprocal calculation from the CBI’s displayed rate, not a guaranteed customer exchange quote. Check the CBI homepage for its current rate and converter.
How to convert Iraqi dinars to US dollars
The CBI table quotes foreign currencies as IQD amounts. Its USD figure of 1,310 therefore means 1 US dollar equals 1,310 Iraqi dinars. To estimate the dollar value of an IQD amount using that reference rate, divide the dinars by 1,310.
| IQD amount | Approximate USD at 1,310 IQD per USD |
|---|---|
| 1 IQD | $0.0007634 |
| 1,000 IQD | $0.7634 |
| 131,000 IQD | $100 |
For example, 131,000 ÷ 1,310 = $100. For the reverse estimate, multiply the USD amount by 1,310: $100 × 1,310 = 131,000 IQD. These examples use the CBI homepage rate displayed October 4, 2026; they are arithmetic conversions, not separate quotes. The CBI homepage also provides a currency converter.
Why the amount you receive may differ
A reference rate is not necessarily the price offered by a bank or exchange provider. The CBI’s Currency Exchange Rate List dated February 8, 2026, listed USD buying and selling prices of 1,300 and 1,310 IQD, respectively. That bulletin described those prices as indicative and said they did not obligate the CBI. It also stated that the maximum US-dollar selling price by banks and other financial institutions was 1,320 IQD per USD. These are figures and a notice from that dated bulletin, not a live quote for every provider or transaction. Read the CBI Currency Exchange Rate List.
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Your final conversion can also be affected by a provider’s buy/sell rate and transaction fees. Check the rate date, whether the quote is IQD per USD or USD per IQD, and whether it is an indicative reference or the actual customer quote before relying on a conversion.
Official rates and parallel-market quotes
Official reference rates and cash-market quotes may differ. The BTI 2026 Iraq report described a parallel-market rate about 15% off the official rate during its report period. That is historical report-period context, not an October 2026 market quote or a reliable estimate of today’s difference. See the BTI 2026 Iraq report.
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Where to check the current IQD rate
Rates change, so use a dated source for a current conversion rather than treating the October 4, 2026 figure as permanent. The CBI publishes exchange-rate information and daily, monthly, and annual IQD-to-USD series, as well as a daily table for buying and selling major currencies. Visit the CBI exchange-rates page. Compare its quote convention and date with the rate your bank or exchange provider will actually use.
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