Official exchange rate in Iraq
Iraq: Official exchange rate was 1,300 LCU per US$, period average in 2024. ◆ Volatile
Latest (2024)
1,300 LCU per US$, period average
Change on year
down 1.0%
World rank
26th
of 215 countries
All-time high
2,145 LCU per US$, period average
in 1972
All-time low
0.3571 LCU per US$, period average
in 1960
Years of data
64
1960–2024
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 215 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Official exchange rate in Iraq, year by year
| Year | LCU per US$, period average | Change |
|---|---|---|
| 1960 | 0.3571 LCU per US$, period average | — |
| 1961 | 0.3571 LCU per US$, period average | +0.0% |
| 1962 | 0.3571 LCU per US$, period average | +0.0% |
| 1963 | 0.3571 LCU per US$, period average | +0.0% |
| 1964 | 0.3571 LCU per US$, period average | +0.0% |
| 1965 | 0.3571 LCU per US$, period average | +0.0% |
| 1966 | 0.3571 LCU per US$, period average | +0.0% |
| 1967 | 0.3571 LCU per US$, period average | +0.0% |
| 1968 | 0.3571 LCU per US$, period average | +0.0% |
| 1969 | 0.3571 LCU per US$, period average | +0.0% |
| 1970 | 0.3571 LCU per US$, period average | +0.0% |
| 1971 | 935.62 LCU per US$, period average | +261872.9% |
| 1972 | 2,145 LCU per US$, period average | +129.2% |
| 1973 | 1,951 LCU per US$, period average | -9.0% |
| 1974 | 1,902 LCU per US$, period average | -2.5% |
| 1975 | 1,902 LCU per US$, period average | +0.0% |
| 1976 | 1,902 LCU per US$, period average | +0.0% |
| 1977 | 1,902 LCU per US$, period average | +0.0% |
| 1978 | 1,902 LCU per US$, period average | +0.0% |
| 1979 | 1,902 LCU per US$, period average | +0.0% |
| 1980 | 1,902 LCU per US$, period average | +0.0% |
| 1981 | 1,902 LCU per US$, period average | +0.0% |
| 1982 | 1,923 LCU per US$, period average | +1.1% |
| 1983 | 2,002 LCU per US$, period average | +4.1% |
| 1984 | 2,002 LCU per US$, period average | +0.0% |
| 1985 | 2,002 LCU per US$, period average | +0.0% |
| 1986 | 2,002 LCU per US$, period average | +0.0% |
| 1987 | 2,002 LCU per US$, period average | +0.0% |
| 1988 | 2,002 LCU per US$, period average | +0.0% |
| 1989 | 2,002 LCU per US$, period average | +0.0% |
| 1990 | 2,002 LCU per US$, period average | +0.0% |
| 1991 | 2,002 LCU per US$, period average | +0.0% |
| 1992 | 2,002 LCU per US$, period average | +0.0% |
| 1993 | 2,002 LCU per US$, period average | +0.0% |
| 1994 | 2,002 LCU per US$, period average | +0.0% |
| 1995 | 2,002 LCU per US$, period average | +0.0% |
| 1996 | 2,002 LCU per US$, period average | +0.0% |
| 1997 | 2,002 LCU per US$, period average | +0.0% |
| 1998 | 2,002 LCU per US$, period average | +0.0% |
| 1999 | 2,002 LCU per US$, period average | +0.0% |
| 2000 | 2,002 LCU per US$, period average | +0.0% |
| 2001 | 2,002 LCU per US$, period average | +0.0% |
| 2002 | 2,002 LCU per US$, period average | -0.0% |
| 2004 | 1,453 LCU per US$, period average | -27.4% |
| 2005 | 1,472 LCU per US$, period average | +1.3% |
| 2006 | 1,467 LCU per US$, period average | -0.3% |
| 2007 | 1,255 LCU per US$, period average | -14.5% |
| 2008 | 1,193 LCU per US$, period average | -4.9% |
| 2009 | 1,170 LCU per US$, period average | -1.9% |
| 2010 | 1,170 LCU per US$, period average | +0.0% |
| 2011 | 1,170 LCU per US$, period average | +0.0% |
| 2012 | 1,166 LCU per US$, period average | -0.3% |
| 2013 | 1,166 LCU per US$, period average | -0.0% |
| 2014 | 1,166 LCU per US$, period average | +0.0% |
| 2015 | 1,167 LCU per US$, period average | +0.1% |
| 2016 | 1,182 LCU per US$, period average | +1.3% |
| 2017 | 1,184 LCU per US$, period average | +0.2% |
| 2018 | 1,183 LCU per US$, period average | -0.1% |
| 2019 | 1,182 LCU per US$, period average | -0.1% |
| 2020 | 1,192 LCU per US$, period average | +0.8% |
| 2021 | 1,450 LCU per US$, period average | +21.6% |
| 2022 | 1,450 LCU per US$, period average | +0.0% |
| 2023 | 1,312 LCU per US$, period average | -9.5% |
| 2024 | 1,300 LCU per US$, period average | -1.0% |
Iraq compared with similar countries
- Iraq's 1,300 LCU per US$, period average is above the median for upper middle income countries, which is 17.38 LCU per US$, period average, 74.8× the median. (59 countries reporting)
- Iraq's 1,300 LCU per US$, period average is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 7.33 LCU per US$, period average, 177.4× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.3571 LCU per US$, 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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 8.44 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 6.17 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 8.44 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
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$, period average in 1960.
- How does Iraq rank for official exchange rate?
- Iraq ranks 26th out of 215 countries with data for 2024.
- Is official exchange rate rising or falling in Iraq?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, 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.