|
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
One of the main Iraqi banks, Warka Bank, has 350 ATMs in 120 branches across Iraq in most cities and towns. The location of their ATMs are listed on their website: www.warka-bank.com.
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
Travellers cheques are not generally accepted in Iraq, though it is sometimes possible to do a deal with some merchants in city bazaars. Be warned that the rate will not be a good one. There are also Western Union branches available in main towns.
Currency Restrictions
The import and export of local or foreign currency is limited to US$10,000 or equivalent.
Banking Hours
Sat-Wed 0800-1230, Thurs 0800-1100. Banks close at 1000 during Ramadan.
Exchange Rate Indicators
|
