The dollar exchange rate in Iraq experienced a noticeable drop in both Baghdad and Erbil. This decline followed steady movements across major markets. As the week progressed, traders and investors closely monitored price shifts in exchange shops and trading centers.
In Baghdad, the central Al-Kifah and Al-Harithiya exchanges saw a lower closing value for the dollar. The rate settled at 140,350 Iraqi dinars for every 100 dollars. This figure showed a drop from the previous day’s value, marking a downward trend. The dollar exchange rate in Iraq continues to respond to market supply and demand.
Meanwhile, exchange stores across Baghdad followed the same direction. These stores sold 100 dollars for 141,250 dinars. Buyers, on the other hand, offered 139,250 dinars for the same amount. These figures reflect a widening gap between selling and buying prices, often driven by local trading dynamics.
At the same time, Erbil witnessed its own adjustments in the market. The selling rate there reached 140,050 dinars per 100 dollars. Buyers paid slightly less, with the rate standing at 139,950 dinars. This pattern in Erbil mirrors the general trend in Baghdad, indicating a broader regional movement.
Many currency dealers expected this small decline. They believe it results from regular market fluctuations and central bank policies. In particular, increased dollar availability in the local market likely pushed the price lower. The dollar exchange rate in Iraq often reacts quickly to changes in supply levels and public demand.
Additionally, some financial experts suggested political and economic stability played a role. When confidence in the local economy grows, the pressure on the dollar usually decreases. This trend encourages people to rely more on the national currency.
Looking ahead, experts expect continued minor shifts in the exchange rate. However, any sudden changes in policy or external markets could alter the path. For now, the Iraqi dinar shows signs of modest strength, especially in comparison to recent months.
In conclusion, Baghdad and Erbil both recorded lower exchange rates for the dollar. These movements point to temporary market adjustments influenced by supply, demand, and policy. Traders will continue to watch future shifts closely.