The US Dollar slightly declined against the Iraqi dinar in Baghdad and Erbil. The change reflects minor market adjustments and shifts in trading activity across the country. Currency experts said the dinar remains generally stable. Exchange rates continue to respond to domestic and regional economic developments, including trade, inflation, and government spending.
In Baghdad, the dollar fell at the central Al-Kifah and Al-Harithiya stock exchanges. It closed at 141,500 dinars per 100 dollars, down from 141,600 dinars recorded earlier in the week. Exchange offices in the capital set the selling price at 142,500 dinars per 100 dollars and the buying rate at 140,500 dinars. Analysts said these rates show moderate market movement, driven by local demand and daily trading volumes.
Erbil followed a similar trend. Sellers offered 141,300 dinars per 100 US dollars, while buyers paid 141,200 dinars. Experts noted that this small drop aligns with seasonal currency patterns and reflects the natural balancing of supply and demand. Traders in both cities carefully monitor these changes to ensure smooth transactions for businesses, importers, and residents.
External factors also influence Iraq’s currency market. Global dollar fluctuations, international trade agreements, and regional economic activity all play a role. Despite minor declines, the dinar’s stability helps maintain public confidence in financial and commercial transactions.
Economists advise businesses, importers, and individuals to follow exchange rate movements closely. Even small variations can impact large deals, import costs, and investment planning. The recent drop in the US Dollar highlights how local market trends interact with broader global conditions.
Overall, Iraq’s currency market continues to adjust in response to supply and demand pressures. Both Baghdad and Erbil demonstrate how careful monitoring and active trading help maintain balance. Observers say that while minor declines occur, the market remains stable, supporting normal economic activity and business operations.