Iraq recorded a 100 dinar decline in dollar trading across Baghdad and Erbil markets. Traders reported 150,100 dinars per 100 dollars in major exchanges. This movement reflects daily currency market activity.
First, the dollar opened lower in Baghdad trading sessions. Dealers at Al-Kifah and Al-Harithiya exchanges priced the dollar at 150,100 dinars per 100 dollars. Previously, the rate stood at 150,200 dinars. Therefore, the market showed a 100 dinar drop.
Moreover, exchange shops in Baghdad adjusted their retail rates. Sellers offered the dollar at 150,500 dinars. Meanwhile, buyers purchased it at 149,500 dinars. These margins reflect standard exchange spread operations.
At the same time, Erbil markets followed a similar trend. Currency shops set the selling price at 149,850 dinars per 100 dollars. Buyers in Erbil paid 149,750 dinars. Consequently, Erbil recorded slightly lower rates than Baghdad.
Traders monitor small daily movements closely. Even a 100 dinar shift influences short-term market sentiment. Therefore, exchange offices respond quickly to supply and demand signals. Currency dealers adjust rates throughout the trading day.
In addition, market participants link fluctuations to liquidity levels and cash flow demand. Importers, retailers, and travelers influence daily transactions. When demand slows, the dollar slips in Baghdad and Erbil markets. Conversely, stronger demand pushes rates upward.
Meanwhile, financial observers track differences between official and market rates. They also analyze trends across regional trading hubs. Baghdad and Erbil remain key reference points for USD/IQD exchange activity. As a result, daily movements attract attention from businesses and consumers.
Notably, the difference between selling and buying prices reflects operational costs and risk management. Exchange shops maintain spreads to manage volatility. Therefore, small declines do not always signal long-term trends.
Furthermore, traders expect continued short-term adjustments. Markets react to liquidity flows and policy signals. However, current figures show only a limited shift. The dollar slips in Baghdad and Erbil markets, yet the overall range remains stable.
Overall, Iraq’s currency market recorded a modest 100 dinar decline. Baghdad exchanges priced the dollar at 150,100 dinars per 100 dollars. Erbil markets posted slightly lower figures. The dollar slips in Baghdad and Erbil markets, but trading activity continues within a narrow band.