The dollar prices rise in Baghdad and Erbil as exchange rates increase against the Iraqi dinar. Traders noticed higher rates in both cities’ main markets. Many market participants expressed concerns about the continued climb.
In Baghdad, the central Al-Kifah and Al-Harithiya exchanges saw notable changes. The rate reached 140,550 dinars for every 100 dollars at the opening. This marked an increase from the previous rate of 140,200 dinars for every 100 dollars.
Furthermore, exchange shops across Baghdad recorded different figures. Selling prices touched 141,500 dinars for every 100 dollars. At the same time, buying prices stood at 139,500 dinars for every 100 dollars. These figures show the growing gap between buying and selling.
Meanwhile, in Erbil, the trend followed a similar path. Selling prices reached 140,450 dinars for every 100 dollars. Buying prices settled at 140,350 dinars for every 100 dollars. Dealers in Erbil noted that the market has become more active.
Additionally, traders linked this rise to increased demand for the dollar in local markets. Some pointed to higher import costs as another reason. Others believe that market speculation plays a role in the movement.
In both Baghdad and Erbil, the dollar prices rise in Baghdad and Erbil has influenced daily transactions. Many importers now face higher expenses when buying goods abroad. Shoppers in local markets also feel the impact of these changes.
Moreover, financial experts suggest monitoring these developments closely. They warn that further increases could affect inflation levels. Policymakers may need to consider measures to stabilize the dinar.
In conclusion, the dollar prices rise in Baghdad and Erbil remains a key topic for traders and citizens alike. Many hope for stability in the coming days to ease market concerns and daily costs. However, others expect the fluctuation to continue for weeks, impacting trade and consumer purchasing power.