The US dollar exchange rates edged higher against the Iraqi dinar on Wednesday in both Baghdad and Erbil, reflecting slight movements in local currency markets. The central exchanges in Baghdad recorded a rate of 141,150 IQD per $100, up from 141,100 IQD on Tuesday.
In Baghdad’s local exchange shops, the dollar’s selling price remained stable at 142,000 IQD per $100, while the buying price stayed at 140,000 IQD. Market analysts attributed the minor increase to ongoing demand for foreign currency among businesses and individuals amid economic and trade activities.
In Erbil, the dollar exchange rates also experienced a slight uptick. Exchange offices quoted 140,750 IQD for selling and 140,600 IQDfor buying per $100. Observers noted that the gradual rise aligns with broader market trends in Iraq, where the dollar often experiences small fluctuations due to commercial transactions and investor activity.
Experts say that while the increase is modest, it could influence import prices and short-term inflation in both regions. Local traders continue to monitor the exchange rates closely, as even minor movements can affect pricing in retail, wholesale, and cross-border trade.
The Iraqi dinar has remained relatively stable against the dollar over recent weeks, despite regional economic pressures and fluctuating global currency trends. Analysts expect that USD/IQD rates will continue to move gradually, responding mainly to domestic demand and supply factors.
Financial authorities have emphasized their commitment to maintaining stability in the currency markets. Exchange operators in Baghdad and Erbil are following government guidance and ensuring transparency in transactions to avoid sharp fluctuations that could disrupt trade and investment.
Overall, data shows a minor strengthening of the US dollar against the Iraqi dinar, with small increases recorded in both central and local exchanges. Market participants remain attentive to any further changes as they continue their daily transactions and financial planning.