The US dollar weakened against the Iraqi dinar in Baghdad and Erbil markets this week. The dollar’s exchange rate dropped at the opening of Baghdad’s Al-Kifah and Al-Harithiya stock exchanges. It settled at 140,900 dinars per 100 dollars, down from 141,000 dinars on Saturday.
In Baghdad, currency exchange stores reported a selling rate of 142,000 dinars per 100 dollars. The buying rate stood at 140,000 dinars. Meanwhile, in Erbil, the selling price reached 140,550 dinars per 100 dollars, while the buying rate was 140,400 dinars.
Analysts noted that small fluctuations in the US dollar reflect ongoing market adjustments. Traders in both Baghdad and Erbil said demand for foreign currency remained moderate. They also highlighted that the dinar’s relative stability indicates cautious investor sentiment.
The decline comes amid broader economic pressures, including imports, inflation, and banking sector activity. Experts suggest that minor changes in daily rates are normal, given Iraq’s dependence on US dollars for trade, imports, and remittances.
Currency exchange operators emphasized that rates may continue to shift slightly in the coming days. They advised businesses and individuals to monitor daily rates closely before conducting major transactions.
The Central Bank of Iraq continues to maintain market oversight and ensure liquidity. Officials have encouraged transparency and fair pricing at exchange stores.
Overall, as US dollar weakened against the dinar does not signal a major market shift. Instead, it reflects typical fluctuations as traders respond to demand and supply conditions in Baghdad and Erbil.
Investors and residents are keeping a close watch on dollar trends, especially as imports and international trade activity affect liquidity. Traders expect continued minor fluctuations until broader economic signals provide clearer guidance.