The exchange rate of the US dollar against the Iraqi dinar stayed steady across Iraq on Tuesday. Both Baghdad and Erbil markets reported little to no change, indicating stability in the country’s currency scene.
In Baghdad, the central Al-Kifah and Al-Harithiya stock exchanges opened with the dollar trading at 139,250 dinars for every 100 dollars. This rate remained unchanged from previous sessions, showing a strong consistency in demand and supply.
Currency exchange stores across Baghdad reflected similar stability. Sellers offered 100 dollars for 140,250 dinars, while buyers paid 138,250 dinars. These figures suggest no major shift in market behavior or external pressures.
In Erbil, the capital of the Kurdistan Region, traders also recorded stable prices. The dollar sold for 139,050 dinars, while the buying price stood at 138,950 dinars. This narrow margin between buying and selling rates signals a balanced flow of the currency.
Market observers noted that the US dollar exchange rate in Iraq showed signs of calm despite wider global economic concerns. Factors such as steady oil revenues and controlled central bank policies have helped keep the dinar relatively stable.
The Central Bank of Iraq continues to monitor foreign exchange closely. It has taken several measures in recent months to curb speculation and protect the value of the local currency. These policies have played a key role in supporting market stability.
Currency dealers across Baghdad and Erbil expressed confidence. Many stated that demand remains normal and no major fluctuations are expected soon. They believe that the US dollar exchange rate in Iraq will remain in this current range unless a major political or economic shift occurs.
Experts believe that maintaining a stable currency is crucial for economic confidence. A consistent exchange rate helps businesses plan better, improves import pricing, and supports local trade.
So far, no signs suggest that the Central Bank will change its strategy. As long as oil exports remain strong and inflation stays low, the US dollar exchange rate in Iraq is expected to stay steady in the short term.
Citizens and investors will continue to watch the rates closely. For now, the market shows no disruption, offering a rare moment of calm in an otherwise uncertain global economy.