Iraq recorded mixed currency movements at the opening of trading across major markets. The US dollar fell in Baghdad but rose slightly in the Kurdistan Region. Moreover, traders closely watched prices in both cities. This situation showed clear regional differences in the Iraq dollar market.
In Baghdad, the dollar opened at 146,000 Iraqi dinars per 100 dollars. This level showed a decline of 800 dinars from the previous close. Earlier, the market closed at 146,800 dinars per 100 dollars at major exchanges. Consequently, the dinar gained strength in the capital.
Local exchange shops in Baghdad sold the dollar at 146,500 dinars per 100 dollars. Meanwhile, buying prices stood at 145,500 dinars per 100 dollars. This spread reflected normal trading conditions. Moreover, demand remained balanced during early hours.
Traders in Baghdad linked the lower rate to improved dollar supply. Additionally, regulatory measures supported calmer trading. Therefore, price movements stayed limited and controlled.
In contrast, Erbil recorded a slight rise in the dollar rate. The selling price reached 145,950 dinars per 100 dollars. At the same time, buying prices stood at 145,900 dinars per 100 dollars. Consequently, the dinar weakened slightly in the regional market.
During the previous session, Erbil sold the dollar at 145,700 dinars per 100 dollars. Buying prices then stood at 145,600 dinars per 100 dollars. Therefore, the new prices showed a modest increase.
Market participants in Erbil cited higher local demand. Cross-border trade also influenced currency needs. As a result, prices edged upward without sharp volatility.
Despite the difference between Baghdad and Erbil, overall sentiment remained calm. Traders avoided aggressive moves. Sellers also kept margins stable. Thus, the Iraq dollar market showed orderly behavior.
Regional variation remains common in Iraq’s currency markets. Each city reacts to local supply and demand. Moreover, trade flows and remittances affect prices daily. Therefore, short-term divergence often appears.
Analysts consider these movements routine. Central Bank policies continue to guide expectations. Oversight helps reduce speculation and sudden swings. Consequently, confidence stays relatively strong.
In summary, the dollar opened at 146,000 dinars per 100 dollars in Baghdad, while it reached 145,950 dinars per 100 dollars in Erbil. These movements stayed limited and stable. The Iraq dollar market absorbed the changes smoothly.