Dollar prices in Iraq edged lower as local currency markets adjusted to minor fluctuations. Both Baghdad and Erbil saw a slight decline in the exchange rates of the U.S. dollar against the Iraqi dinar.
The dollar prices edged lower at Baghdad’s central Al-Kifah and Al-Harithiya stock exchanges. The rate settled at 141,150 dinars per 100 dollars, down from Tuesday’s 141,200. Currency exchange stores in Baghdad set their selling price at 142,000 IQD and buying price at 140,000 IQD per 100 dollars.
In Erbil, the dollar’s selling price reached 140,850 dinars for every 100 dollars, while the buying price was 140,800. Analysts noted that small daily movements reflect ongoing stability in the local currency market and limited short-term volatility.
The decline in dollar prices in Iraq comes amid broader regional and global market trends. Investors remain cautious as financial markets experience mixed signals from the U.S. and international economic developments. These shifts can impact demand for foreign currency locally.
Banks and financial institutions in Iraq continue to monitor the dollar closely. They aim to maintain smooth trading operations and avoid sudden spikes that could affect imports, exports, and domestic economic activity.
Currency market experts said the slight drop in dollar prices in Iraq is normal and part of regular adjustments. They emphasized that no major factors are currently threatening the stability of the Iraqi dinar.
Traders in Baghdad and Erbil expect small fluctuations in the coming days. Demand for U.S. dollars remains steady, especially for commercial transactions and import-related operations. Authorities continue to encourage transparency in exchange rates to protect local consumers and businesses.
Overall, the decline in dollar prices in Iraq reflects a balanced adjustment in response to daily market dynamics. Analysts advise businesses and citizens to monitor rates regularly for planning transactions and currency exchange.