Country Guides
Iraq
Money

Money

Iraq

Currency

Iraqi Dinar (IQD; symbol ID) = 20 dirhams = 1,000 fils. Notes are in denominations of ID25,000, 10,000, 5,000, 1,000, 500, 250 and 50. Coins are in denominations of ID100 and 25.

Note: This information is subject to frequent change in the current conditions.

Currency Exchange

Foreign currency can be used at special duty-free shops in Baghdad up to a value of US$200. To obtain this concession, goods must be purchased within 20 days of arrival and passports must be produced.

Credit/Debit Cards and ATMs

No ATM machines exist.

Note: The banking and financial infrastructure has been disrupted and is in the process of rebuilding. Hotels usually require payment in foreign currency.

Traveller's Cheques

These are not generally accepted.

Banking Hours

Sat-Wed 0800-1230, Thurs 0800-1100. Banks close at 1000 during Ramadan.

Exchange Rate Indicators

Date Apr 09
£1.00= ID1,726.51
$1.00= ID1,157.50
€1.00= ID1,537.08

Note: The value of the Iraqi dinar continues to fluctuate widely.

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