Baghdad – Iraq USD/IQD exchange rates advance in Baghdad and Erbil during early trading. The US dollar opened higher and hovered near 153,000 dinars per 100 dollars. Iraq USD/IQD exchange rates advance after gains compared with the previous session.
Market data shows the dollar traded at 153,300 dinars per 100 dollars in Baghdad’s main exchanges. Traders recorded this rate at Al-Kifah and Al-Harithiya markets. The previous session closed at 152,800 dinars per 100 dollars. Therefore, the dollar gained 500 dinars in one session.
Currency exchange shops in Baghdad adjusted their retail prices accordingly. Sellers offered 100 dollars for 153,750 dinars. Meanwhile, buyers purchased 100 dollars at 152,750 dinars. This spread reflects active demand in the capital’s currency market.
At the same time, Erbil markets showed similar movement. Exchange shops in Erbil sold 100 dollars at 153,000 dinars. They bought the dollar at 152,950 dinars. These figures confirm coordinated market trends between the two cities.
Iraq USD/IQD exchange rates advance as traders respond to supply and demand pressures. Even small changes in dollar liquidity can influence daily pricing. Consequently, local markets monitor central bank policies closely.
The difference between buying and selling rates highlights ongoing volatility. Exchange houses adjust margins to manage risk. Furthermore, regional trading activity influences price direction throughout the day.
Baghdad remains the central hub for currency transactions. Major exchanges like Al-Kifah and Al-Harithiya shape national pricing trends. Therefore, movements in these markets often affect other provinces.
Meanwhile, Erbil reflects northern Iraq’s currency dynamics. Although price differences remain small, traders adjust quickly to shifts in Baghdad. This alignment keeps national rates relatively consistent.
Economists note that exchange rate stability supports business confidence. However, short-term increases can impact import costs. Many Iraqi traders rely on US dollars for international transactions. As a result, even minor fluctuations influence retail prices.
Moreover, the 500-dinar increase from 152,800 to 153,300 signals short-term upward momentum. Traders will watch whether this trend continues in the coming sessions. If demand rises further, rates may climb again.
On the other hand, an increased dollar supply could ease pressure. Central bank actions often stabilize sharp swings. Therefore, market participants remain cautious while tracking policy signals.
In summary, Iraq USD/IQD exchange rates advance to 153,300 dinars per 100 dollars in Baghdad. Selling prices reached 153,750 dinars in the capital and 153,000 dinars in Erbil. Buying rates stood at 152,750 dinars in Baghdad and 152,950 dinars in Erbil. Traders now monitor market conditions for the next move.