The US dollar saw another slight decline against the Iraqi dinar on Sunday across Baghdad and Erbil markets. As well as This trend follows continued market responses to local and global currency pressures.
In Baghdad, trading began with a drop in the dollar’s value at the central Al-Kifah and Al-Harithiya stock exchanges. The exchange rate reached 139,550 dinars for every 100 US dollars. This is a decline from Saturday’s rate, which stood at 140,000 dinars.
In the capital’s exchange shops, sellers offered the dollar at 140,500 dinars. Buyers paid 138,500 dinars for every 100 dollars. These prices reflect real-time market adjustments based on stock exchange openings.
Erbil, the capital of the Kurdistan Region, also showed signs of a softening dollar. So sellers there offered the greenback at 139,300 dinars. The buying price stood at 139,100 dinars per 100 dollars.
These changes in rates show a growing response to supply and demand shifts in Iraq’s currency markets. Investors and money changers remain highly alert to daily fluctuations in dollar prices.
The drop in the dollar rate in Iraq may benefit local consumers. It reduces the cost of imports and stabilizes prices for foreign goods. However, market experts still urge caution as global economic trends may quickly reverse this short-term change.
In recent weeks, Iraq’s central exchange markets have seen regular dollar shifts, sometimes rising and sometimes falling. These daily movements often influence prices at neighborhood exchange shops within hours.
The current decline in the dollar rate in Iraq offers a brief advantage for travelers, importers, and business owners dealing in foreign currency. However, many traders are watching for signs of either stabilization or further drop.
Kurdish and Iraqi cities continue to play a leading role in setting the pace for exchange activity nationwide. As well as The dollar rate in Iraq remains a key focus for financial analysts and everyday citizens alike.