Iraq’s Central Bank Sets Dinar Exchange Rate at 1,520 per Dollar

Iraq’s central bank has set the dinar’s exchange rate at 1,520 to the US dollar, according to an official report published Wednesday.

The rate means one US dollar is valued at 1,520 Iraqi dinars under the central bank’s stated pricing.

The brief report did not provide an effective date or specify how the rate would apply to different types of currency transactions.

It also did not give a previous rate for comparison, leaving unclear whether the announcement represents a change in the dinar’s official value.