The US dollar fell slightly against the Iraqi dinar in Baghdad and Erbil this week, reflecting minor fluctuations in Iraq’s foreign exchange market. Traders attributed the decline to changes in local demand and cautious international market activity.
The Iraq exchange rates opened lower at Baghdad’s central Al-Kifah and Al-Harithiya stock exchanges. The dollar settled at 140,850 dinars per 100 USD, down from 141,375 dinarsrecorded on Sunday. This represents a modest but notable drop in daily trading.
Currency exchange shops in Baghdad reported a selling rate of 141,750 IQD per 100 USD, while the buying rate reached 139,750 IQD. Traders said the fluctuations were within normal market limits, influenced by ongoing economic activities and banking operations across the capital.
In Erbil, the selling price of the US dollar fell to 140,700 dinars per 100 USD, while the buying price stood at 140,550 dinars. Market observers highlighted that Erbil’s exchange rates tend to move in line with Baghdad, although they can vary slightly due to local supply and demand conditions.
Analysts noted that the slight decline in the US dollar in Iraq is unlikely to have major economic impacts. However, it demonstrates how sensitive the Iraq exchange rates are to domestic and regional financial developments. Businesses and citizens who rely on foreign currency continue to monitor the market closely to plan their transactions.
The Iraq exchange rates remain an important indicator for investors and traders, reflecting both internal economic activity and external pressures. Small adjustments in the dollar’s value can influence trade, imports, and remittances, making accurate monitoring essential for companies and households alike.
Overall, while the US dollar in Iraq experienced minor declines in Baghdad and Erbil, the market remains stable. Observers expect gradual changes as local and international economic conditions continue to evolve.