The Iraqi Ministry of Finance officially adopts 1500 dinars to the dollar and cancels the prepayment of customs duties.
The Iraqi Ministry of Finance officially adopts 1500 dinars to the dollar and cancels the prepayment of customs duties.
2026-10-07
Shafaq News – Baghdad
The Iraqi Ministry of Finance announced on Wednesday the adoption of a rate of 1,500 dinars per dollar, while deciding to stop the pre-payment of customs duties.
The ministry stated in a statement that, based on Cabinet Resolution No. (544), issued in its session held on 6/10/2026, it was decided to amend the exchange rate of the dollar against the Iraqi dinar to become (1500) dinars per dollar.
It was also decided to suspend the implementation of Cabinet Resolution No. (413) of 2026 regarding the prepayment of customs duties, according to the Ministry’s statement.
On August 18, the Iraqi Cabinet approved the principle of pre-payment of customs duties and estimated tax deposits on imported goods, with implementation to begin on October 1, 2026.
According to the decision, the importer must deposit the amounts of foreign transfers for import purposes with the authorized banks, and the funds will not be transferred abroad except after paying the customs duties and estimated tax deposits through the ASYCUDA system and approved electronic payment methods.
The estimated amount is calculated based on the initial data provided by the importer, including the commercial invoice, shipping documents, customs classification, type of goods, their origin and value, according to the approved tariff schedules.
The Iraqi Customs Authority announced on December 30, 2025, that the new customs tariff would be implemented starting from January 1, 2026, and said that the customs duty on cars had become 15%, after the duty was reinstated on hybrid cars that had previously enjoyed an exemption.
On January 1, 2026, the Authority announced the start of implementing Cabinet Resolution No. 957 of 2025, and the cancellation of the fixed fees system for containers and the adoption of demarcation according to materials and their classification.
On January 9, the authority clarified that Customs Tariff Law No. 22 of 2010 is the legislative basis for the decision, and that its non-implementation in previous years was linked to the lack of automation of procedures, weak infrastructure, and control over customs centers.
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