The US dollar rose again in Baghdad and Erbil, impacting local markets and trade. Traders report increased demand for dollars across the country. Currency fluctuations affect imports, business transactions, and public spending.
According to local market surveys, the dollar traded at 148,200 dinars per 100 dollars in Baghdad’s Al-Kifah and Al-Harithiya exchanges. As well as, This marks a rise from the previous session, where it stood at 148,000 dinars per 100 dollars. Analysts note the increase reflects regional economic pressure and global currency trends.
In Baghdad, exchange shops reported selling the dollar at 148,750 dinars and buying it at 147,750 dinars. The difference highlights trading margins and market demand. Traders emphasize that small shifts in rates can affect large transactions in commercial and financial sectors.
Meanwhile, in Erbil, the dollar sold at 148,200 dinars and bought at 148,100 dinars. However, Officials and market watchers say these levels remain volatile. Currency traders anticipate further increases due to imports and external economic factors.
The rising dollar influences Iraq’s economy in multiple ways. It raises the cost of imported goods, including essential items. Businesses paying in foreign currencies face higher expenses. Citizens may feel the impact in daily purchases and services.
Iraq’s banks continue monitoring the situation closely. They adjust liquidity and reserves to stabilize currency flows. Financial analysts suggest that Baghdad and Erbil will maintain active interventions if the dollar rises further. The government warns traders to follow official rates to avoid speculation.
Experts also note that the dollar’s rise affects Iraq’s oil revenues indirectly. While oil sales are priced in dollars, domestic spending relies on the dinar. Exchange rate fluctuations can alter budget planning and financial projections.
Traders and citizens in Baghdad and Erbil follow daily updates to manage their finances. Many businesses choose to lock in currency exchanges to protect profit margins. Individuals exchange dollars for daily needs or savings.
Market observers emphasize that the dollar rise in Baghdad and Erbil will likely continue. They cite global trends, regional conflicts, and economic pressures as main drivers. Currency stability remains a key priority for Iraq’s economy.