The USD IQD exchange rate declined at the start of trading on Sunday, with the US dollar falling below 154,000 Iraqi dinars per 100 dollars in both Baghdad and Erbil. The latest market figures indicate a modest decrease from the previous trading session. Currency dealers reported lower exchange rates across major markets in the Iraqi capital and the Kurdistan Region.
According to a market survey, the US dollar traded at 153,900 Iraqi dinars per 100 dollars in Baghdad’s Al-Kifah and Al-Harithiya currency exchanges. The figure represents a decline from the previous session, when the exchange rate stood at 154,250 dinars per 100 dollars. The movement reflects routine fluctuations in Iraq’s foreign exchange market.
Exchange shops across Baghdad also adjusted their buying and selling prices. Dealers offered the US dollar for sale at 154,500 dinars per 100 dollars. At the same time, exchange offices purchased the currency at 153,500 dinars, creating a spread that remained consistent with normal trading conditions.
Currency markets in Erbil followed a similar trend during Sunday’s trading session. Exchange shops sold the US dollar at 153,700 dinars per 100 dollars. Meanwhile, buying prices reached 153,600 dinars, showing only a narrow difference between purchase and sale rates.
The slight decline in the dollar’s value comes after recent sessions that recorded higher exchange levels. Although the change remains relatively small, traders continue to monitor daily price movements closely. Exchange rates often respond to shifts in market demand, liquidity, and the availability of foreign currency.
Currency dealers across Iraq regularly adjust rates throughout the day based on trading activity. Prices may also vary slightly between official exchanges and private exchange shops. These differences reflect market conditions rather than major changes in monetary policy.
The US dollar remains the most widely traded foreign currency in Iraq. Businesses, importers, and travelers closely follow exchange rate movements because they directly affect commercial transactions and purchasing costs. Even small fluctuations can influence pricing across several sectors of the economy.
Financial markets in Baghdad and Erbil continue to serve as key indicators of currency trends across the country. Traders monitor exchange activity in both cities to assess short-term market direction. Daily movements also provide insight into supply and demand within Iraq’s foreign exchange market.
Economists note that moderate fluctuations in exchange rates are common and do not necessarily signal broader economic changes. Instead, short-term price movements often result from routine market activity and changing demand for US dollars. Authorities also continue monitoring the market to maintain currency stability.
The latest trading session shows that the USD IQD exchange rate remains below the 154,000-dinar level in Iraq’s major currency markets. Investors and businesses will continue watching future trading sessions for signs of further movement. Daily fluctuations in the USD IQD exchange rate remain an important indicator for commercial activity and financial planning across Iraq.