IraqIQDIraqi Dinar
The Iraqi dinar is pegged to the dollar, and the exchange rate is not the main variable here. The main factor is that dollar transactions in the country are subject to separate supervisory mechanisms: Iraqi banks conduct USD transactions under special rules, and not every bank has such access. The practical conclusion is: you need to agree not only on the amount, but also on the transfer currency with the specific recipient bank, and do this before payment. Commission from 0.9%.
The route, the receiving bank and the payout amount are agreed before payment.
The national currency is the Iraqi dinar (IQD), the rate of which is set and maintained by the Central Bank of Iraq relative to the US dollar. The dollar is widely used in Iraq, however, it is dollar transactions that are subject to enhanced currency supervision: banks' access to international USD settlements depends on central bank requirements, correspondent relationships, and applicable transaction verification procedures. Therefore, in this direction, the key factor is not only the exchange rate, but also the specific recipient bank. The central bank and regulator is the Central Bank of Iraq, located in Baghdad. The banking core of the country consists of state-owned Rafidain Bank and Rasheed Bank with a wide network of branches, and Trade Bank of Iraq (TBI) specializes in foreign trade and international transactions. For bank transfers, IBAN format IQ with a length of 23 characters is used; for international transfers, the bank's SWIFT/BIC code is also required.
A separate feature of the country is the autonomous Iraqi Kurdistan with its capital in Erbil, where banking practices and accessibility of certain settlement routes may differ from the rest of Iraq, so it is better to clarify the bank and region of the recipient in advance. Iraq has not imposed its own sanctions against Russia, however, dollar transactions undergo additional scrutiny, and a specific transfer depends on the receiving bank, the correspondent chain, and standard AML/KYC checks. The official languages of the country are Arabic and Kurdish. Iraq observes UTC+3 time zone, so the time coincides with Moscow time. ATM24 checks the available route in advance before confirming the application. The timeframe for international SWIFT transfers is 2–5 business days. ATM24 commission is from 0.9%.
Card infrastructure in Iraq is developing, but coverage is uneven between regions. Rafidain Bank, Rasheed Bank, Trade Bank of Iraq, Bank of Baghdad. You will need a 16-digit card number and cardholder's name in Latin characters. Card network coverage in Iraq is uneven, so this option is verified for the specific bank
An Iraqi IBAN consists of 23 characters and starts with the code IQ; it requires the bank's SWIFT code. The application includes the recipient's IBAN, their bank's SWIFT code, and name in Latin characters. Clarify the account currency: dollar transactions in Iraq follow separate rules. If the recipient is in Kurdistan, the banking practices of the region differ from those in Baghdad
Cash disbursement of dinars: coverage depends heavily on the region of the country. Baghdad - the capital and financial center; Erbil - center of Kurdistan; Basra - the south and oil. USD is in common use alongside dinars IQD. Cash disbursement availability varies between Baghdad, Erbil, and Basra - the city is specified in the application
Money in Iraq is received as cash in dinars or credited to a bank account: this requires the recipient's IBAN in IQ format (23 characters), their bank's SWIFT code, and a name in Latin characters. The dinar-to-dollar rate is set by the central bank, so converting Iraqi dinars to rubles is predictable and is fixed before payment. Iraq has not imposed sanctions against Russia. The key feature of this direction is different: the dollar circulates widely in Iraq, but dollar transactions are subject to separate supervision, and not every bank has access to them. Therefore, the transfer currency and recipient bank are agreed at the application stage, not after a refusal.
We accept RUB, USD, EUR and USDT — we pay out in IQD
RUB IQD
13.89per 1 RUB
10 000 ₽ = 138 864 IQDUSD IQD
1,244.96per 1 USD
100 $ = 124 496 IQDEUR IQD
1,411.29per 1 EUR
100 € = 141 129 IQDUSDT IQD
1,244.96per 1 USDT
100 USDT = 124 496 IQD| You send | Payout in IQD |
|---|---|
| 100 USDT | 124 496 IQD |
| 300 USDT | 373 488 IQD |
| 500 USDT | 622 480 IQD |
| 1 000 USDT | 1 244 960 IQD |
| 5 000 USDT | 6 224 799 IQD |
Where recipients usually get the money in Iraq
SWIFT: confirm; Description: State-owned; one of the largest branch networks
SWIFT: confirm; Description: State bank of Iraq
SWIFT: confirm; Description: Focused on foreign trade settlements
National Bank of Iraq — a bank serving personal customers and small businesses. Its services typically include accounts, cards, branches, and digital banking.
Al-Bilad Islamic Bank — an Islamic bank offering accounts, cards, and financial products structured according to Sharia principles.
National currency
The national currency is the Iraqi dinar (IQD), the rate of which to the US dollar is set by the central bank.
Card systems
Visa and Mastercard are formally available, however, international card use is limited by sanctions and weak banking infrastructure. Qi Card is the largest national payment system for payroll projects. PayTabs and NowPay are developing in the e-commerce sector.
Payment applications
ZainCash is the largest e-wallet in Iraq with coverage of over 14 million users. Asiacell Money and Asia Hawala are alternatives. Qi Card is the leading national debit card. For international transfers from Russia, Hawala through Lebanon or Jordan is often used.
Interbank transfers
For bank transfers, IBAN format IQ with a length of 23 characters is used; for international transfers, the bank's SWIFT/BIC code is also required.
Financial regulator
Central Bank of Iraq is the central bank and primary financial regulator of the country; located in Baghdad.
Special features for ATM24
Iraq has not imposed its own sanctions against Russia, however, dollar transactions are subject to special currency supervision.
With an ATM24 transfer the recipient gives their own bank and details, so the money lands directly on the account.
Three steps from request to payout
Fill in the form or write to us on WhatsApp or Telegram — a manager will check the available route
We check the recipient details and confirm the route, rate, fee and payout amount
Once paid, the transfer goes out along the agreed route — we report the status in the messenger
We verify the exact details when agreeing the available route before payment.
Facts, not promises
You see the rate, the fee and the payout amount before you send the money.
The route, rate, fee and payout amount are agreed before payment.
Reference cities with payout locations. Availability of a specific location is confirmed in the request.
Confirm the city before payment
Only methods present in both the country description and the current route are shown.
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We've gathered answers about the dinar, the role of the dollar in local transactions, and converting Iraqi dinars to rubles.
Sending money to Iraq with payout in IQD works best when the Iraq IQD payout route is checked before the sender pays. ATM24 verifies the route through a bank such as Trade Bank of Iraq or Ashur International Bank, confirms the final payout amount, and shows the fee and timing in advance. Bank-route examples for Iraq: Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank.
The recipient can use a card or bank account for a IQD transfer to Iraq if that channel is available for the bank. Before payment, ATM24 checks Trade Bank of Iraq, Rafidain Bank, card or account format, recipient name, and payout currency. International-card network availability is confirmed by route, not assumed for every bank. Bank-route examples for Iraq: Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank.
Banks for a IQD transfer to Iraq should be checked by the recipient's actual route; common references include Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank. ATM24 reviews bank name, account format, recipient-name spelling, and payout currency before the sender pays. A different bank can require a separate check.
For a IQD transfer to Iraq, ATM24 checks recipient details against the selected receiving route: Iraq IQD payout route, Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank, card payout, account payout, recipient name, IQD payout data, and different receiving rules for Rafidain Bank and al-Qabidh Islamic Bank for finance. The manager verifies name spelling, bank or card format, payout currency, and payment purpose before payment. If the recipient changes the route, the required fields are checked again. Bank-route examples for Iraq: Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank.
Transfer timing to Iraq in IQD starts from 15 minutes when the bank, card, or account route is ready. ATM24 checks Trade Bank of Iraq, Rafidain Bank, and any route limit before payment. If the receiving bank asks for clarification, processing can take longer. Bank-route examples for Iraq: Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank.
ATM24 calculates a transfer fee from 0.9% for payouts to Iraq in IQD. The final figure depends on the Iraq IQD payout route, amount, payment method, bank such as Rafidain Bank, and whether the recipient receives money on a card or account. The sender sees the final payout amount before paying. Bank-route examples for Iraq: Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank.
Yes, ATM24 can calculate a transfer to Iraq in IQD where the sender pays by card, bank transfer, USDT, or another available method. ATM24 checks the Iraq IQD payout route, payment currency, exchange conditions, bank details such as Trade Bank of Iraq or Ashur International Bank, and the final payout amount. Sender-side card or bank fees are separate from the ATM24 calculation. Bank-route examples for Iraq: Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank.
For Iraq, the minimum IQD transfer through ATM24 starts from 100 USD or the equivalent. The upper limit is route-based: the manager checks Trade Bank of Iraq, Rafidain Bank, recipient details, payout method, and document requirements before payment. A route through Rafidain Bank may have different limits than a card or non-bank payout. Bank-route examples for Iraq: Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank.
Large transfers to Iraq in IQD are checked by amount, recipient route, and receiving bank. ATM24 reviews Trade Bank of Iraq, al-Qabidh Islamic Bank for finance, card or account payout, payment purpose, and source-of-funds information. Any document request is named before the sender pays. Bank-route examples for Iraq: Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank.
The estimated payout for sending 1000 USD to Iraq in IQD should be checked by route: 1,244,959.8 IQD. ATM24 reviews Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank, card or account payout, fee from 0.9%, and exchange conditions. The manager confirms the final IQD amount in the order. Bank-route examples for Iraq: Trade Bank of Iraq, Rafidain Bank, Ashur International Bank, al-Qabidh Islamic Bank for finance, and Islamic Cooperation Investment Bank.
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