The US dollar weakened slightly against the Iraqi dinar in Baghdad and Erbil, reflecting minor adjustments in local exchange markets. According to a survey, the dollar’s value dipped as trading opened at Baghdad’s central Al-Kifah and Al-Harithiya stock exchanges. The rate settled at 141,600 dinars per 100 dollars, down from 141,750 on Monday.
In Baghdad’s currency exchange stores, the selling rate of the US dollar was set at 142,500 dinars per 100 dollars. Meanwhile, the buying rate stood at 140,500 dinars per 100 dollars. These small fluctuations indicate cautious trading amid stable economic conditions in the capital.
Erbil’s exchange markets also reported a slight decline in the dollar’s value. Traders set the selling price at 141,350 dinars per 100 dollars. The buying price in Erbil reached 141,250 dinars. Market participants noted that demand for US dollars has slightly eased, contributing to the modest drop.
Analysts explained that short-term local factors influenced these movements, including minor shifts in supply and demand at currency exchange centers. Despite global economic uncertainties, Iraq’s local currency markets have remained relatively stable, showing only gradual adjustments rather than sharp swings.
Financial experts also emphasized that monitoring exchange rates is important for businesses and citizens engaged in imports, exports, and remittances. Even small changes in the dollar’s value can impact costs, prices, and trade calculations.
Furthermore, banks and private exchange houses continue coordinating with regulatory authorities to ensure smooth operations and prevent excessive volatility. Traders reported normal activity levels, suggesting that the market remains balanced and under control.
Overall, the dollar’s modest decline Iraqi dinar in Baghdad and Erbil highlights short-term market adjustments without indicating significant instability. Local factors, including exchange center activities and daily transactions, mainly shaped this trend. Experts predict that rates will likely continue to fluctuate slightly in line with market demand while maintaining overall stability.