Currency exchange rates in Kurdistan Region

Economy 10:58 AM - 2021-01-14

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The exchange rates of 100 US dollars against the Iraqi dinar rose to 143,700 dinars on Thursday, in the currency markets of the Kurdistan Region.

 

The prices of the remaining currencies against the Iraqi dinar on Wednesday are as follows: (100 pounds = 194,750 dinars. 100 euros = 174,000 dinars. 100 Turkish lira = 19.500 dinars. 100 thousand Iranian tomans = 6.000 dinars.)

 

Currency exchange rates against the dinar has recently hiked in Iraq, which largely relies on oil sales and is facing large budget deficit due to the drop in oil prices as a result of the coronavirus pandemic.

 

To cover the budget deficit, the Iraqi government has recently deducted government employees salaries, as well as a currency devaluation by almost 20%

 

 

 

PUKmedia