The US dollar prices stabilize against the Iraqi dinar in Baghdad, while showing a slight decline in Erbil, according to a Shafaq News survey. The trends reflect local market dynamics and regional currency fluctuations.
In Baghdad, the opening of the central Al-Kifah and Al-Harithiya stock exchanges saw the dollar settle at 142,700 dinars per 100 dollars, unchanged from Tuesday. Currency exchange stores in the capital set the selling rate at 143,750 IQD and the buying rate at 141,750 IQD per 100 USD.
Traders attributed the stability to steady liquidity in Baghdad’s financial markets and consistent demand for foreign currency.Erbil, however, recorded a small decrease in the dollar. The selling price reached 142,550 dinars per 100 dollars, while the buying price was 142,500 IQD.
Analysts explained that the minor drop reflects reduced demand in local markets and lower foreign currency inflows compared to the capital. Seasonal factors and business activity patterns in Erbil also contributed to the slight dip.
Despite the differences between the two cities, the overall trend shows that the Iraqi dinar is maintaining its value against the US dollar prices stabilize. Market watchers note that Baghdad’s central exchange stability is helping anchor rates nationwide. In contrast, peripheral markets like Erbil may experience minor fluctuations depending on local economic activity, trade, and remittance flows.
Recent weeks have seen similar patterns, with Baghdad rates remaining largely steady while smaller regional markets report minor gains or losses. Experts suggest that as long as government policies and the central bank maintain stable foreign currency supply, dollar rates are likely to remain relatively predictable.
Overall, the current exchange rates indicate confidence in Iraq’s currency, with Baghdad acting as a benchmark for stability. Traders and consumers in Erbil may continue to see small adjustments, but no major shifts are expected in the short term.