Official exchange rate in Iraq
Iraq: Official exchange rate was 1,300 LCU per US$, period average in 2024. ◆ Volatile
Official exchange rate in Iraq, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
In 2024, official exchange rate in Iraq stood at 1,300 LCU per US$, period average.
The figure is down 1.0% on the previous year and up 11.5% over ten years.
Over the whole period, official exchange rate in Iraq peaked at 2,145 LCU per US$, period average in 1972 and was at its lowest, 0.3571 LCU per US$, period average, in 1960.
Iraq ranks 26th of 214 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.3571 LCU per US$, period average | 0.3571 LCU per US$, period average | 0.3571 LCU per US$, period average | 10 |
| 1970s | 1,645 LCU per US$, period average | 0.3571 LCU per US$, period average | 2,145 LCU per US$, period average | 10 |
| 1980s | 1,974 LCU per US$, period average | 1,902 LCU per US$, period average | 2,002 LCU per US$, period average | 10 |
| 1990s | 2,002 LCU per US$, period average | 2,002 LCU per US$, period average | 2,002 LCU per US$, period average | 10 |
| 2000s | 1,558 LCU per US$, period average | 1,170 LCU per US$, period average | 2,002 LCU per US$, period average | 9 |
| 2010s | 1,174 LCU per US$, period average | 1,166 LCU per US$, period average | 1,184 LCU per US$, period average | 10 |
| 2020s | 1,341 LCU per US$, period average | 1,192 LCU per US$, period average | 1,450 LCU per US$, period average | 5 |
Countries ranked near Iraq
- 23 South Korea 1,422 LCU per US$, period average compare
- 24 Myanmar 1,382 LCU per US$, period average compare
- 25 Yemen 1,355 LCU per US$, period average compare
- 27 Argentina 1,241 LCU per US$, period average compare
- 28 Malawi 1,161 LCU per US$, period average compare
- 29 Chile 951.33 LCU per US$, period average compare
More financial sector data for Iraq
- Net migration -1,064 (2025)
- Total reserves in months of imports 11.21 (2024)
- Net domestic credit 78.52 trillion current LCU (2024)
- Domestic credit to private sector by banks 14.0% (2024)
- Broad money 47.9% (2024)
- Net foreign assets 167.41 trillion current LCU (2024)
- Monetary Sector credit to private sector 14.0% (2024)
- Domestic credit to private sector 14.0% (2024)
- Claims on central government, etc. 7.2% (2024)
- Claims on central government 9.2% (2024)
Frequently asked questions
- What is official exchange rate in Iraq?
- Official exchange rate in Iraq was 1,300 LCU per US$, period average in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Iraq?
- The highest recorded value was 2,145 LCU per US$, period average in 1972.
- What is the lowest official exchange rate recorded in Iraq?
- The lowest recorded value was 0.3571 LCU per US$, period average in 1960.
- How does Iraq rank for official exchange rate?
- Iraq ranks 26th out of 214 countries with data for 2024.
- Is official exchange rate rising or falling in Iraq?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
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About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.