The exchange rate of the US dollar against the Iraqi dinar fell in Baghdad but stayed stable in Erbil, according to a recent survey. The decline came with the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad. The dollar settled at 141,400 dinars per 100 dollars, down from 141,550 dinars.
Currency exchange stores in Baghdad reported a selling rate of 142,500 dinars per 100 dollars and a buying rate of 140,500 dinars. Traders noted that the slight drop reflects local market adjustments and increasing dinar liquidity. “The dinar continues to strengthen slowly against the dollar as cash flows normalize,” a Baghdad exchange official said.
Meanwhile, Erbil’s market remained stable. The selling price for the dollar reached 141,200 dinars per 100 dollars, while the buying rate stayed at 141,000 dinars. Exchange operators in Erbil attributed the stability to consistent supply and demand levels. Analysts highlighted that Erbil’s market is less volatile due to steady local investment and limited speculative trading.
The Baghdad market experienced higher trading activity compared to Erbil. Investors took advantage of small fluctuations, buying dollars at lower rates. This active trading helped balance supply and demand, which contributed to the downward adjustment in Baghdad.
Experts suggest that the dinar’s modest gains in Baghdad might continue if the central bank maintains its current policies. They also predict that Erbil’s market will likely remain stable in the short term, provided no major economic shifts occur.
Overall, while Baghdad sees slight declines in dollar prices, Erbil maintains equilibrium. Market watchers continue to monitor currency trends closely. Both local and international traders are paying attention to future policy announcements that may influence exchange rates. For residents and businesses, understanding these trends is essential for budgeting, trading, and financial planning.
The US dollar’s performance against the Iraqi dinar highlights the differing dynamics between Baghdad and Erbil markets. While Baghdad reacts quickly to market changes, Erbil shows resilience and steadiness. This split movement demonstrates the unique nature of Iraq’s regional currency markets.