The exchange rate of the US dollar rose slightly against the Iraqi dinar in both Baghdad and Erbil markets, reflecting renewed demand for foreign currency in commercial transactions, import payments, and short-term trade-related activities.
Additionally, dollar’s exchange rate increased with the opening of the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad. It settled at 141,000 dinars for every 100 dollars, compared to 140,950 dinars recorded on Sunday. This modest rise signals market activity driven by import payments and short-term commercial needs.
Moreover, currency exchange shops in Baghdad sold the dollar at 142,000 dinars for every 100 dollars and bought it at 140,000 dinars. Traders in the capital reported slightly higher demand for cash dollars from importers, travelers, and local businesses, adding mild upward pressure on exchange rates amid ongoing commercial and seasonal economic activity.
In Erbil, the Kurdistan Region’s financial hub, the US dollar also strengthened. The selling price reached 140,650 dinars per 100 dollars, while the buying price stood at 140,500 dinars. Exchange dealers in the city noted similar patterns of market activity, with steady demand maintaining rates close to Baghdad’s levels.
Furthermore, economic analysts say that the recent uptick in dollar prices in Baghdad and Erbil remains within the Central Bank of Iraq’s stability range. The Central Bank continues to regulate the foreign currency market through daily auctions and electronic transfer systems, ensuring the dinar’s value stays relatively stable.
Therefore, they added that Iraq’s strong foreign reserves and ongoing financial reforms provide confidence in maintaining balance in currency markets. Analysts said short-term fluctuations mainly reflect import-related payments and seasonal business cycles, not deep structural changes.
In conclusion, the Central Bank’s consistent oversight and advanced digital monitoring tools are expected to limit speculative trading, strengthen market transparency, support investor confidence, and maintain steady rates in the coming weeks.