Iraq raises official dollar sale rate to 1,520 dinars (October 7, 2026)

Iraq's Finance Ministry announced on October 7, 2026 (15 Mehr 1405) that the central bank has set the official dollar sale rate to the public at 1,520 dinars; the previous rate was about 1,320 dinars. According to Donya-e-Eqtesad, the fall of about 13 percent in the dinar's value comes as Iraqi oil exports are depressed and shipping through the Strait of Hormuz is disrupted. Reuters also reported the 1,520 dinar rate, citing Iraq's state news agency.